Just going over the director buys again this afternoon....there have been eight in the last 3 months (since the FY24 results announcement). 4 participated fully in the entitlement offer and the other 4 simple on market purchases. None of the purchases were insignificant (from my perspective at least). On top of this I'm seeing decent trends on cattle and sheep pricing; a recovery in urea pricing; reasonable farming conditions across the country as a whole; and Wesfarmers recent HY Results pack showing improved fertilizer sales and volumes. Will take another bite tomorrow if price remains at these levels. Current price looking a bit silly in this context.....Tell me, please, what am I missing?
ELD Price at posting:
$6.93 Sentiment: Buy Disclosure: Held
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