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Business Description: Elders Limited (ELD) is an Australian company with businesses in rural services and automotive components. Rural Services operations supply the physical, financial and advisory inputs and marketing options to help Australian and New Zealand farmers. Automotive operations are conducted through Futuris, an Australian automotive components supplier and an emerging supplier to the Asia Pacific automotive industry.
Strategy Analysis: Elders operates principally in three very different sectors - Rural Services, Forestry and Automotive. The sale of a non-rural assets is continuing with ELD shifting its focus to the agri-service business and will increasingly focus on these activities going forward. The decision has been taken to conduct a staged exit from forestry and the automotive business is considered non-core. The company plans to divest this business when the automotive market recovers.
Elders reported net loss of $395.35m for the year ended 30 September 2011. Revenue from ordinary activities were $2,313.97m, up 15% from last year. Basic and Diluted EPS were (88.1) cents compared to (51.1) cents last year. The net operating cash outflow was $23.76m compared to an outflow of $110.47m in the pcp. No dividend was declared.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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