Partly, agree. The flipside is the shelf life of the inventory is substantial so this isn't a Murray Goulburn Co-op kind of inventory risk with inordinate amounts of ageing milk powder equivalent sitting in a warehouse in Laverton unable to be moved on other than as waste product for fodder at below cost or heavily written off in the end. ELD has a different inventory mix and most of it has substantial shelf life.
Having said that there is always the thought as to why they are carrying the inventory on their books for reseller products and that is where there might be opportunity to fine tune.
Ann: Elders FY22 Results and MD & CEO Planned Retirement, page-112
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Last
$8.65 |
Change
0.050(0.58%) |
Mkt cap ! $1.367B | |||
| Open | High | Low | Value | Volume |
| $8.70 | $8.75 | $8.55 | $3.413M | 395.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3018 | $8.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.66 | 4827 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ELD (ASX) Chart |