Can anyone reconcile that in the recent capital raising presentation in the pro forma balance sheet on page 28 the Elders insurance acquisition is financed by an $18million increase in borrowings.
Yet according to the 1st April 2016 asx release (relevant paragraph copied below) it was funded by free cash flow. ?
"Elders has purchased the holding in EIUA for the same net profit after tax multiple that applied when Elders sold the stake to QBE. The purchase price, which is confidential, will be funded by Elders from free cash flow. "
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Last
$7.68 |
Change
-0.080(1.03%) |
Mkt cap ! $1.468B | |||
| Open | High | Low | Value | Volume |
| $7.76 | $7.79 | $7.67 | $3.408M | 442.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 412 | $7.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.70 | 4308 | 2 |
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| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| ELD (ASX) Chart |