I sense a large opportunity for Elders in the next 4-6 weeks.
Given the review of the ASX200 at the end of March is coming up and ELD qualifies to be in the ASX200 it may well trigger a massive scramble for ELD shares to ensure brokers have their weightings. Given the 10:1 consolidation just gone by has reduced the market liquidity it could be a good time for Elders to do some capital raising through offering further shares to market and using the additional capital to reduce remaining debt and seek to consolidate and expand its operations and possibly look for some acquisitions.
A looming oportunity
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Last
$8.57 |
Change
0.290(3.50%) |
Mkt cap ! $1.327B | |||
| Open | High | Low | Value | Volume |
| $8.34 | $8.63 | $8.32 | $5.027M | 592.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1367 | $8.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.57 | 124 | 3 |
View Market Depth
| Last trade - 13.32pm 25/06/2024 (20 minute delay) ? |
| ELD (ASX) Chart |