ELD 3.14% $8.86 elders limited

Ann: Rural Services Trading Update , page-29

  1. SSV
    1,145 Posts.
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    MJS
    Life looks like getting harder with the auditors asking whether elders is viable in NZ after their multi million loss in the first 6 months.
    RHL have advised the market that break even would be a good result in their 6 months, profit down 70 -80%.

    If ruralco do not do a deal soon, I would be concerned.

    Rumours are circulating that they have till the end of the month before the Banks take control.

    Lets hope they have a buyer from left field and quick as every month they trade they may be losing heaps.

    SSV
 
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