ELD - Elders Limited
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Pivotonian
really really good looking
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Because I hold them. You should need no more reason than that.
Should've sold a couple of weeks ago when they were at $1.60.
I certainly can't make any sense of it ... seems purely emotive down at these levels. I finally got out at 1.365 taking a significant 7 digit hit (ouch) but it's travelling such unchartered territory that I couldn't continue to take the risk. I understand that their results are out on 16 Feb (but not sure) so i'm thinking that this might give some direction. They have all the makings of a great turnaround story but I won't buy back in until I see a new bottom form.
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I also got out after a great loss. Hope to cover it in other. It is just going down and down. I will neve get in property shares in future as all are struggling.
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Looks like bot might be in for ELD lol.
Bit of a buying program there, but will need to close above $1.32 for it to be significant.
Bit of a buying program there, but will need to close above $1.32 for it to be significant.
Stock market do what it suppose to do for many generations now.
Take Benjamin Graham word to heart.
"Short Term stock market is a voting machine, Long Term it's a weighting machine"
what's Uncle Ben telling you is stocks can go on a wild swing up and down in short term due to speculation and human emotion but long term stock price will reflect its true earning power
and balance sheet.
so you buying a weak company like ELD with highly leverage balance sheet and not much earning power hoping for a quick bucks, you know where it will end in the long run right?
short term it may deliver a quick paper profit but hold it for 5-10 years it can be an expensive peice of paper.
ROE:
With a book value of, quite likely, over TWICE as much as market-cap...
With, seemingly solid management, and having seemingly completed asset writedowns... ELD / ELDPA is very tempting for me.
Not to short-term trade it (though, a jump up to $1.55 isn't off the cards)... but, to make a long-term profit from it...
It could quite easily double within, say, 2 years... I'm not saying it will; just it could.
With a book value of, quite likely, over TWICE as much as market-cap...
With, seemingly solid management, and having seemingly completed asset writedowns... ELD / ELDPA is very tempting for me.
Not to short-term trade it (though, a jump up to $1.55 isn't off the cards)... but, to make a long-term profit from it...
It could quite easily double within, say, 2 years... I'm not saying it will; just it could.
I have no idea but it's not for me to judge different people like different stocks for various reasons .. my various reasons I dont like ELD and no
I dont have ELD or plan to buy or short them
and book value or NTA or whatever they call them again for various reasons, I don't consider them to be a good judge of a company fundamental for holder who don't control significant amount of shares
and I attempt to explain my reasons.
1. Does book value provide you with any earning power?
2. NTA is no good unless you liquidate the company or in some way has
enough control to influence the board to do something with those assets, sell it, spin into another company or whatever and you get capital return from those asset sale.
3. if the company is winded up and company have lot of debt it is extremely unlikely you see any of those NTA value return to you ..
4. Who truly understand those NTA number? it could worth a lot less than
what it is written on those paper. Lot of techniques to get to those NTA number, a clever accountant can think of something
A software company for instance can book millions in software as an asset but does it worth anything to anyone if the company was to call in the administrators
you can look at dog of the asx TLS and see how much they book money spend on software as an asset
If it is my world I book them as a liability because you have to keep on upgrade the damn thing to keep the business going..
as a small share holders, any of those NTA reasons provide any benefit to you... I rather focus on the business model, viability of the business and kick ass balance sheet
my 2 cents
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Test of the prev swing lows, hit its head on resistance but doing fine so far. Lets see how it reacts.
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One of the med brokerage houses released some research on it. And then a flood of buy orders came in
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I'm not at all happy about what has happened to this one.
Anyone optimistic about the future or have any other encouraging news about this?
Anyone optimistic about the future or have any other encouraging news about this?
IrishDigger
Australia
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The following news report gives some background information but I guess in the end all will be revealed on Tuesday.
heraldsun.com.au/business/investors-wait-for-tuesdays-news/story-e6frfh4f-1225881568191?from=public_rss
P/S - I am unable to post the direct link because to do that my post count must be 5 or greater.
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The directors still seem to be playing catchup in relation to what is going on within the businesses they allegedly run.
One would have thought that after a life saving capital raising, their senses would have been sharpened somewhat.
I have not had shares in this for several years, but did in it's brighter days as Futuris. I also held shares in the original Elders when it was floated in the early 90's.
One would have thought that after a life saving capital raising, their senses would have been sharpened somewhat.
I have not had shares in this for several years, but did in it's brighter days as Futuris. I also held shares in the original Elders when it was floated in the early 90's.
nulla nulla
Positive Expectancy
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Bear in mind that this company recently did a consolidation (after the $550million capital raising) of 1 for 10, the closing price of $0.44 equates to 4.4c per share prior to the consolidation.
At $0.44c per share and an alleged net tangible assets backing per share of $1.61, you would have to wonder if this company is ripe for a take over. That is, of course, if anyone would want to take it over?
With 448million shares on issue todays turnover of 94 million shares represents 21.6% of the shares on issue. No doubt some of it was day traders but not all of it, surely?
When the news hits the papers and the television overnight, where will the price be tomorrow?
At $0.44c per share and an alleged net tangible assets backing per share of $1.61, you would have to wonder if this company is ripe for a take over. That is, of course, if anyone would want to take it over?
With 448million shares on issue todays turnover of 94 million shares represents 21.6% of the shares on issue. No doubt some of it was day traders but not all of it, surely?
When the news hits the papers and the television overnight, where will the price be tomorrow?
IrishDigger
Australia
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Elders claim to be The Bunnings of The Bush, perhaps Bunnings might be interested in a 'take over'?:dunno:
Sean K
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Looks like pretty solid capitulation the past few days. Down 80% or so on the year SkyBusiness told me this morning, but looks worse than that. The CEO doesn't really impress, and I'm not sure if I believe what he says. Possible class action for poor disclosure mustn't sit well with investors. Chart looks decidedly dodgy, to say the least. Must be skewed by that consolidation, or is it? This could go into receivership, or it's an awesome buying opportunity. Now, which one?
Attachments
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Mate, I vote for receivership.
I'm glad I steered clear of this one, if it all comes good, then bravo to those who rode it through.
I'm glad I steered clear of this one, if it all comes good, then bravo to those who rode it through.
Does anyone know the criteria for accessing the class action? I'm wondering if you have to be a current shareholder or whether recent shareholders are eligible? Also curious about sentiment out there with current holders. Presumably any successful action will be negative for the SP so taking action must be a last resort... perhaps people feel their holdings have been so diluted that it's worth more to them to pursue compensation rather than wait for the SP to recover???
