a new snippet in AFR Street Talk, written an hour ago:
http://www.afr.com/p/opinion/elders_poised_to_cut_jobs_sources_xBCLGryfMDNSLjSQHrAwJM
"Elders poised to cut jobs"
It says Elders was hoping for about $300m to pay down debt of $387m, but it is understood the bid was between $200m and $250m.
"It is believed managers in the rural services division have been told that there will be significant lay-offs."
_______________
Phase 1 in a restructuring, I guess. As the article above referenced BBG, ELD may have to do the same thing- sack workers (there will be loads of one=off costs for redundancies, etc), but it will make it leaner and possibly more sustainable.
Meanwhile, ELDPA's copping a right hammering, but folks are still buying ELD ords. Quite the disconnect there.
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Last
$9.14 |
Change
-0.140(1.51%) |
Mkt cap ! $1.446B |
Open | High | Low | Value | Volume |
$9.20 | $9.22 | $9.07 | $395.1K | 43.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 843 | $9.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.15 | 2061 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 950 | 9.140 |
12 | 1642 | 9.130 |
10 | 1335 | 9.120 |
11 | 4640 | 9.110 |
8 | 1980 | 9.100 |
Price($) | Vol. | No. |
---|---|---|
9.150 | 2014 | 11 |
9.160 | 1946 | 11 |
9.170 | 2765 | 11 |
9.180 | 4137 | 9 |
9.190 | 1194 | 7 |
Last trade - 11.47am 04/09/2024 (20 minute delay) ? |
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