Interesting organisational positioning, which I think is new. "asset light" hopefully means more debt reduction and a return to dividends which is great for the prefs as they get paid first. IMO, would see a big re-rating if this was the intention.
Accounts are out on 17 November from memory, so perhaps we will hear more then.
?This is a positive step for Elders. Debt levels will be reduced substantially and the release of capital, improved cash flow and distribution focus ticks all the boxes for our mission of becoming an asset light-cash focussed-high performance sales organisation?
Disclosure: ELDPA only
sale of rural bank holding, page-6
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