http://www.theaustralian.com.au/business/opinion/elders-glory-days-come-to-an-end/story-e6frg9io-1226505641396
only just starting looking at ELD & ELPA, but if John Durie is right & Rural Services sells for $175m, on my numbers this leaves very little value for the ELDPA's and nothing at all for ELD. In fact, on Durie's sale price expectations, for the ELDPA's to get any cash back you have to assume a very big price for the Auto Ops (which is very unlikely in this market). Would love any feedback on these inputs.
Net Bank Debt 1H12 $370m
less ATO settlement proceeds $75m
less sale Pulpwood Assets $60m
less sale of SmartFibre stake $3m
Net Bank Debt FY12 $235m
Assumed Rural Services Sale Price $175m
Required Sale Price for Auto Ops (just for banks to get all monies returned) = $60m.
http://www.theaustralian.com.au/business/opinion/elders-glory-day...
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Last
$8.16 |
Change
-0.160(1.92%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $8.32 | $8.37 | $8.16 | $3.570M | 435.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1944 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.17 | 459 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ELD (ASX) Chart |