ELD 0.46% $8.60 elders limited

Ann: Change in substantial holding, page-3

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  1. 303 Posts.
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    Time will tell I guess, but at these levels it's a buy for me.....and on the recommendation of Goldman Sachs and 4 other brokers according to Commsec.
    I think the GS target price of $21.00 is pretty bullish and asking the market to increase its PE multiple to levels outside the norm of recent history..... but it's not hard to imagine a final EPS of say $1.30 (half year underlying EPS was 58c and second half EPS is typically about 15% higher) multiplied by a less onerous PE of 13 to get a price target of around $17.00 which sounds more realistic IMO.
 
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