Don't get your hopes up szaba.
Buying any part of Elders is like buying a house that has been let run down and neglected. The purchaser says "this should be worth $500k, but I need to spend $50k and hours doing things to it. Will pay $400k".
Elder has stated their businesses all need investment that they can't afford. How much is needed in automotive? Who knows. Whatever anyone things it is worth, if I gambled I'd put money on a discount to that.
The interim result will be horrific. They have stated this is due to Rural Services (and agri being a world I work in I get that). You can hope it means Automotive has traded moderately. But industry ... who knows. Every month they take to sell is likely destroying value for shareholders based on history.
This is one stock to expect the worst (lose all your money) and you might get a pleasant surprise.
MJS
Ann: Rural Services Trading Update , page-27
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Last
$8.16 |
Change
-0.160(1.92%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $8.32 | $8.37 | $8.16 | $3.570M | 435.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1944 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.17 | 459 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ELD (ASX) Chart |