ELD 1.08% $9.34 elders limited

time for plan b , page-7

  1. asf
    9,887 Posts.
    a new snippet in AFR Street Talk, written an hour ago:

    http://www.afr.com/p/opinion/elders_poised_to_cut_jobs_sources_xBCLGryfMDNSLjSQHrAwJM

    "Elders poised to cut jobs"

    It says Elders was hoping for about $300m to pay down debt of $387m, but it is understood the bid was between $200m and $250m.

    "It is believed managers in the rural services division have been told that there will be significant lay-offs."
    _______________

    Phase 1 in a restructuring, I guess. As the article above referenced BBG, ELD may have to do the same thing- sack workers (there will be loads of one=off costs for redundancies, etc), but it will make it leaner and possibly more sustainable.

    Meanwhile, ELDPA's copping a right hammering, but folks are still buying ELD ords. Quite the disconnect there.
 
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