latest recommendations eld avoid by etrade?, page-19

I posted a few times that i still hold a small parcel and another small parcel in my super portfolio.
Get your facts right canonman!
I will also state there is "no" agenda in my post but i think my posts speak for themselves. I do not apologise for pulling most of my holding out and thinking the shareprice will fall "and has".

The previous CEO Les Wozniczkas plan to diversify the rural business was a great idea. To be able to still recieve an income with its other assets in the harsh Australian climate when there is drought(EL Nino)conditions. Because a stand alone rural business can not survive unless they diversify.

The problem with Les Wozniczkas plan was that he didn't close any deals and Futuris was never a controlling major shareholder. If Futuris were the controlling shareholder Futuris could of sold its assets when it liked and for a much better price.

The only thing CEO Malcolm Jackman can do now is to set Elders up as a takeover target to a company that can diversify the rural business.

Canadian company Viterra takeover of ABB is a perfect example of diversification. When weather conditions change(EL Nino) in one part of the world it will have grain in another part, so will always have an income.

As for the Elders shareprice there is 819,165,045 shares and with the cap raising another 3.5billion simple maths at .50cents a share the company is worth $2billion+ you would have rocks in your head to think its worth that.
Even at .25cents $1billion+ still no way, more like $500 to $800milliom.

The Institutional investors are likely to sell most of the 3billion shares to a takeover player for same where between .17-.20cents

To the PA holders the PA have more hairs than a cats tail
what if there is a takeover and the new owner wont to take Elders private and delist the the company?