elders still has a lot

Elders still has a lot of value even after selling their agribusiness IMO,thats why institutional investors knows at current price the stock is ridiculousy undervalued!

Elders named number one Real Estate group in Australia
08 November 2012

Elders has been named the number one real estate operator in Real Estate Business magazine's Top 20 Group ranking nationally.
Real Estate Business is a leading monthly business magazine for Australia's Real Estate industry.
The award ranks real estate groups by various measures including scale, property management, sales and efficiency.
Elders out performed in all these areas against other leading real estate companies from around Australia.
Elders Head of Real Estate, Brendan Whipps was proud to accept the Real Estate Business award and said it is a reflection of Elders' significant investment in its company and franchise owned offices, particularly over the past 12 months.
"Our two channels, franchise and company owned, focus on People, Profitability and Wealth; and Sales, People and Cash respectively and during the year we made in roads on all fronts," Mr Whipps said.
"Development of our people through ongoing professional development and mentoring programs has been a particular focus and has seen us deliver more than 500 training days across the country," he said.
"We've also improved efficiency and profitability within our franchise network by 'going Google' with our technology platform."
Elders is one of Australia's largest real estate company's with an extensive network of company and franchise offices across the country.
Brendan says that Elders' strength is its brand.
"The Elders brand is a known entity which leads to trust and integrity built over 174 years," Mr Whipps said.
"The fact we're part of the broader Elders network and able to utilise the wide ranging referral network of Elders' branches is also a benefit to us, our people and our vendors and purchasers," he said.