Now that banks have extended and increased the debt facility Elders will have enough cash and are not going to need a capital raise or fire sale at least for the next 12 months. The question of the renewal of the debt arrangement is put to bed.
Next thing I want to see is an acceptable bid for futuris and the exit from forestry. Cant see it possibly happening before end of Jan 2013 given they wont have binding offers till end of Dec.
The results of these sales will determine my next change in sentiment, subject to actions of long term major holders in the interim.
one down...
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Last
$9.11 |
Change
0.010(0.11%) |
Mkt cap ! $1.439B | |||
| Open | High | Low | Value | Volume |
| $9.08 | $9.11 | $8.96 | $3.112M | 343.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1279 | $9.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.11 | 2775 | 3 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |