ELD 0.82% $8.47 elders limited

Ann: Elders FY22 Results and MD & CEO Planned Retirement, page-80

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 358 Posts.
    lightbulb Created with Sketch. 76
    yes elders imports processes and distributes Australian meat in china through elders fine foods. If you look at their final year report you will see that they are expected to close elders fine foods china in fy23 due to covid and continued low sales.

    there was $12m in fine foods sales in fy22. fy22 total sales is $3.4b so its like 0.3% of sales. pretty insignificant but impacts margins due to the costs of operation. China fine foods business was running at a loss for last 2 years and contributing to 1% emissions so its a decent move given future uncertainties.

    Id say they will still sell to china but not operate there. It would be hard to distinguish the rest of their overall revenue with selling to china as it all would go through agency services. so I wouldn't pay to much attention to it as the agency service simply sells to whoever is buying around the globe. If it's china then it goes there.
 
watchlist Created with Sketch. Add ELD (ASX) to my watchlist
(20min delay)
Last
$8.47
Change
-0.070(0.82%)
Mkt cap ! $1.338B
Open High Low Value Volume
$8.48 $8.52 $8.38 $3.357M 396.1K

Buyers (Bids)

No. Vol. Price($)
1 1832 $8.46
 

Sellers (Offers)

Price($) Vol. No.
$8.47 1006 1
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
ELD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.