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$8.50 elders limited

Ann: Elders Limited Investor Presentation, page-42

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Trevesco

299 Posts.

88

11/05/23

10:43

Post #: 67717135
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Originally posted by coinburner: ↑

Just had a quick scan of the GNC result

Appears that their earnings upgrade was driven by:

1) increase in processing (their Oils business unit)
2) increase in margins in their agribusiness
3) increased value in their investment of UMG

Meanwhile their grain handling volumes are down roughly 10% YoY
The EBITDA of their agribusiness is down ~32% from same time last year - not too dissimilar a figure of what the ELD SP is down in the same time period

So, not sure if this is a positive or negative sign for ELD, or if anything can be derived from it at all?

Probably the most promising statement for us ELD holders is:
"ECA conditions have been generally favourable leading into the 2023/24 winter crop planting period, with good rainfall to data across most areas. As the ECA winter crop develops, this will influence activity and margins both in the fourth quarter of FY23 and into FY24"

Yes, it's only East Coast, but it's better than nothing!

Expand

GNC up another 6% already today. ELD up 2%. Must be contagious

ELD Price at posting: $8.17 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last $8.50		Change -0.040(0.47%)		Mkt cap ! $1.342B

Open	High	Low	Value	Volume
$8.48	$8.52	$8.38	$1.456M	171.9K

Buyers (Bids)

No.	Vol.	Price($)
27	1481	$8.49

Sellers (Offers)

Price($)	Vol.	No.
$8.50	1334	16

View Market Depth

No.	Vol.	Price($)
22	1977	8.500
29	2580	8.490
11	3296	8.480
12	3514	8.470
7	2179	8.460

Price($)	Vol.	No.
8.510	1831	21
8.520	3866	13
8.530	4987	10
8.540	6697	8
8.550	1131	3

Last trade - 13.45pm 04/10/2024 (20 minute delay)

ELD (ASX) Chart