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ELD, ELDERS LIMITED
nipper
post Posted: Jul 18 2019, 07:49 AM
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QUOTE
Elders revealed on Monday that it had acquired Australian Independent Rural Retailers in a cash-and-scrip deal. The company said it would fund the deal through a $137m raising, with the institutional component, which raised $100m, completed yesterday.

With the shares out of a trading halt post completion of the placement, the company’s shares closed 14.3 per cent higher yesterday at $7.01.

Elders told its investors that the transaction would offer it an entry into the wholesale rural services market, which enabled a new growth channel and was consistent with the corporate acquisition principles of Elders.

Established in 2006, AIRR is a member-based buying and marketing group for independent rural merchandise and pet and produce stores. The business is a national wholesale platform supported by a network of eight warehouses servicing more than 1500 customers.

AIRR has about 240 independent member stores and an additional 100 Tuckers Pet & Produce stores across Australia. It also owns and operates five retail locations in Victoria and is listed on the Primary Markets Exchange.
https://www.theaustralian.com.au/business/d...76d24264e8bcb5a




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jul 10 2018, 03:45 PM
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In Reply To: blacksheep's post @ May 19 2018, 05:13 PM

SP dropped over 15% on Friday following the release of their Seasonal Update -
QUOTE
Seasonal Update
Following some market commentary with respect to current dry weather conditions and declining
cattle prices, Elders Limited (ASX:ELD) today announces that despite these factors across
Australia, it remains on track to deliver consistent earnings in the September FY18 year.

Current expectations are underlying earnings before interest and tax (EBIT) to be in the range of
$70m to $74m (compared to FY17 underlying EBIT $71.0m). Underlying net profit after tax
(NPAT) for the 12 months to 30 September 2018 is expected to be in the range of $59m to $63m
(compared to FY17 NPAT of $58.4m).

With the completion of the third quarter to 30 June 2018, Retail earnings have been impacted by
unseasonally dry conditions across many parts of Australia, which has reduced chemical input
demand. Additionally, as previously foreshadowed, easing cattle prices have impacted Elders’
Agency earnings. However, sheep and wool prices and volumes have remained strong and
consistent with the prior year and the dry conditions have allowed feedlot utilisation to remain at
high levels. Footprint expansion continues to offer growth opportunities.

Elders’ Chief Executive Officer and Managing Director, Mark Allison, said that “the forecast results
reflect the Company’s commitment to the strategic Eight Point Plan and the resolve to achieve
continuous high quality growth, despite the difficult trading conditions. We believe Elders remains
well placed to achieve our target of 5-10% EBIT growth through the agricultural cycle to 2020”.


Today ELD had to quash speculation appearing in The Australian that ELD was looking to acquire PGG Wrightson and set to raise $300 million
QUOTE
Press Speculation regarding PGG Wrightson
Elders (ASX:ELD) notes the article appearing in The Australian today titled “Elders set for $300m raising as it circles PGG Wrightson”.

Elders has not made any definitive proposal to acquire PGG Wrightson.

Elders evaluates all possible opportunities against a range of factors and will only pursue acquisitions that make compelling strategic and financial sense for our shareholders.

Elders will update the ASX in due course if appropriate to do so.

https://www.shortman.com.au/stock?q=eld

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: May 19 2018, 05:13 PM
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In Reply To: blacksheep's post @ Nov 22 2017, 08:30 PM

Wool soars to 'unthinkable' highs as it closes in on $20 a kilogram
By Stephen Letts
Updated about 5 hours ago
QUOTE
Australia's woolgrowers are about to hit a milestone many thought was unthinkable even a few years ago, with prices set to burst through $20 a kilogram

http://www.abc.net.au/news/2018-05-18/wool...ection=business
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 22 2017, 08:30 PM
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Posts: 5,832
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In Reply To: blacksheep's post @ Nov 16 2017, 10:33 PM

Updated chart - no pull back evident ATM.- reached a high of $6.41 - MC now around $725 m
Current short position @ 16th November, 2017 - 0.83%
https://www.shortman.com.au/stock?q=eld
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 16 2017, 10:33 PM
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Posts: 5,832
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In Reply To: blacksheep's post @ Nov 16 2017, 10:09 AM

BTW -- Ex Div Date Monday November 20, 2017 - might see pull back then.
https://www.intelligentinvestor.com.au/comp...11536/dividends



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 16 2017, 10:09 AM
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Posts: 5,832
Thanks: 2149


In Reply To: blacksheep's post @ Nov 13 2017, 11:06 AM

Updated chart - broke through $6 mark - currently $5.90/share
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Nov 13 2017, 11:06 AM
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FY17 Year in Review

 Lost time injuries increase to 6 from 4, LTIFR increase to 1.5 from 1.0
 Underlying net profit after tax of $57.7m, up $16.5m
 Underlying EBITDA of $74.6m, up $14.7m
 Underlying EBIT of $70.4m, up $14.3m
 Operating cash inflow of $81.6m for the year, up $32.9m
 Underlying return on capital of 26.8%, down from 28.1%
 Underlying earnings per share 50.7 cents, up 4.9 cents
 Cancellation of all hybrids resulting in a simplified capital structure
 Final dividend declared at 7.5 cents per share and additional special dividend declared at 7.5 cents per share, both fully franked
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jun 20 2016, 09:02 AM
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In Reply To: nipper's post @ Dec 17 2015, 07:58 PM

Elders Limited (ELD) has
- raised $25m in an institutional placement at $3.40/share, and
- intends to raise a further $77.4m via a 1-for-4 entitlement offer at $3.40/share.

Proceeds from both offers will be used to the fund the acquisition of Elders Hybrids (ELDPA) on-market at $95 each.


that was a risky hold - ELDPA redemption got over the line .... but it took a few years




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Dec 17 2015, 07:58 PM
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In Reply To: IrishDigger's post @ Jun 29 2014, 09:43 AM

ELD now mid $4's .... a year ago, a buck?

QUOTE
Elders will not be returning to dividend payouts ahead of schedule, despite posting a sharply improved profit this year.
Chief executive Mark Allison told shareholders at the company's annual general meeting today that Elders' "turnaround is now all but complete", but chairman Hutch Ranck doused hopes of a quicker-than-expected return to dividend payouts.

Elders has stated a policy of reinvesting cash flow in the business since September 2014, when it embarked upon a capital raising, saying then that ordinary share dividends and hybrid distributions were unlikely to resume within the next two to three years "at the least". "Now that we are part way through that journey our ambition remains the same," Mr Ranck said.

Mr Ranck acknowledged many longstanding shareholders had seen "considerable time" between dividends. "And whilst I understand we still have some work to do before you view our performance as acceptable … I hope that you can see the significant progress that has been made and our vision to create value for our stakeholders in the near future," he said.

Elders last paid a dividend on the ordinary shares in October 2008.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
IrishDigger
post Posted: Jun 29 2014, 09:43 AM
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Posts: 1


In Reply To: arty's post @ Mar 7 2014, 09:33 AM

Good news, at last, will continue to hold. smile.gif

 
 


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