ELD 1.52% $9.10 elders limited

Ann: Rural Services Trading Update , page-16

  1. 263 Posts.
    slightly off topic

    would not selling the auto parts businesses before the rural businesses complicate the sale of the rural services, (which would be loaded up heavily with debt) , as the shrunken eld would then require a vote by eld shareholders (& embarrassment & worse for the eld directors) for the sale of the rural services businesses.

    guess eld is to be suspended (& will never retrade) from trading on the asx within a few weeks (& definitely before 31 march accounts are due for release) & there will be no publicly released eld 6 months accounts to 31/3/2013.

    having been burnt on gnspa (& others) previously - not game to touch eldpa -fear that all the value in eldpa (my view - the only present equity in eld) will soon all be plundered.

    ask yourselves if a vote by eld shareholders is required - why would eld ordinary shareholders vote in favour of anything if they are gunna get zilch. Then ask yourself who is gunna pay.
 
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