Recapitalisation Of ELD Elders, page-3

Name the company?
What company sells down their BHP shareholding, an Australian banking licence Rural Bank, insurance division, makes staff redundant and employs them again not once but twice, has a chairman who becomes ceo and thus losing a potential high calibre ceo (Goodfellow) in the process, has not found a white knight in all the excitement of agribusiness and the asian century, does not own valuable tangible assets, loses key staff to the competition across the country, buys tree farms and becomes hopelessly managed to the extent that John Elliot and his team are free to pounce and utilise the resorces built up from the days of prudent & conservative management by thrifty Scotsmen?

Have a guess. Unfortunately this companies future was cast in the early 1980's and will never recover to be an Australian agribusiness champion on the Asian stage. That opportunity has passed this once truly excellent company.

Compare the success of competitor Wesfarmers from the early 1980's. It was primarily due to the strategy and skill of people namely Dennison, Eastwood, Chaney, Perkins, Goyder and genius advisor & strategist James Graham.

All the best and may I be proven wrong for the sake of hopeful shareholders, staff and loyal clients.

Aquila