Speaking of debt for equity/distressed funds picking up ELD debt, there's a mention of ELD in an article on BBG in today's AFR Street Talk (for members or take a free trial):
http://www.afr.com/p/opinion/moelis_gilbert_tobin_join_billabong_wbwi9FW3aFk8KVmHZsBISP
"The other one worth watching in the distressed debt space is Elders. While there is little doubt Elders is in the spotlight of its lenders and some lenders may be willing to sell out of the syndicate, it is thought hedge funds have been scared off by a complicated capital structure and the messy package of debt facilities."
__________
The hybrids are the "poison pill", I guess, that makes ELD different from BBG.
Futuris sale must really be close, imo. $70m less debt = a better ELD. It's a 20% deleverage.
Speaking of debt for equity/distressed funds picking up ELD...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ELD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.16 |
Change
-0.030(0.37%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| $8.26 | $8.34 | $8.14 | $3.895M | 476.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2520 | $8.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.16 | 4995 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |