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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Last
$9.34 |
Change
0.100(1.08%) |
Mkt cap ! $1.476B |
Open | High | Low | Value | Volume |
$9.29 | $9.34 | $9.24 | $2.190M | 235.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1244 | $9.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.35 | 17065 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1244 | 9.260 |
1 | 1244 | 9.250 |
2 | 1929 | 9.240 |
4 | 1784 | 9.230 |
2 | 2234 | 9.200 |
Price($) | Vol. | No. |
---|---|---|
9.350 | 17065 | 5 |
9.360 | 1244 | 1 |
9.390 | 3497 | 3 |
9.400 | 3376 | 2 |
9.450 | 83 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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ELD (ASX) Chart |