You just never know.... was grim for Arrium too with end of the world sell-down to 50 cents... then its everyone's favorite when a buyer steps in.
There is value in everything. They even bag cow manure these days.
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Carsales... booming and well managed I know.... with a market cap of $1.7 billion.
Maybe a lousy comparison... but Elders is a big name outside of the capitals... is worth something to somebody... even if for just the name.... and a name that can be bought and turned around to make something better over time.
Somebody bought those ELD ELDPA shares this week.
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Bit of chatter amongst real estate crew for example....
http://www.rebonline.com.au/breaking-news/5650-groups-eye-opportunites-from-elders-sale
Will see.
bsh
best and worst case outcomes for asset sales, page-17
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 (20min delay)
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Last
$9.10 |
Change
-0.140(1.52%) |
Mkt cap ! $1.438B | |||
| Open | High | Low | Value | Volume |
| $9.17 | $9.20 | $9.05 | $2.951M | 324.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14237 | $9.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.11 | 2818 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |