1 . Carr group buying Elders New Zealand from Elders Australia means Money in the bank to help pay down debt for Elders Australia.
2 . Elders Rural N.Z turned a profit for the September year 2013 of $ 789,000. First profit for years.
Just on $2.5 mill turnaround story from the previous year.
3 . First promising numbers for ages.
4 . I note shares being purchased by some ELD employees.
5.Elders Real Estate business growing in Australia.
6. Australia now seriously looking at feeding China.
7. The problematic timber farming exercise done and dusted.
Is this the beginning of a major turn around story for an Australian Company which has been around for 175 years. We will know soon enough. But it looks good so far.
ELD Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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