I'm with you cotik, the current global discussion centres on food security which is going to be a very important social topic in the near term. Mathews took up his position in Elders because the numbers suggest he can make something in the order of 200% profit. Maybe more
The headline of this thread says it all, however few people bother to delve beneath the surface to grasp its suggestion
The article below is only few weeks old(a long time in the market) but its worth brushing up on the background sentiment
http://www.adelaidenow.com.au/business/sa-business-journal/heavy-buying-in-elders-raises-spectre-of-takeover-bid/story-e6fredel-1225907704870
elders stronger than some give it credit for, page-30
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Last
$9.15 |
Change
0.090(0.99%) |
Mkt cap ! $1.446B | |||
| Open | High | Low | Value | Volume |
| $9.19 | $9.20 | $9.09 | $3.180M | 347.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1194 | $9.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.16 | 105779 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| ELD (ASX) Chart |