19/11/2024 17:04

Elders Ltd (ELD) $7.71

Elders plunged over 9% after completing the institutional component of their $246mn equity raise for the planned purchase of Delta Agribusiness at $7.85.

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08/04/2024 16:50

Elders (ELD) $7.43

ELD -24.42%: the agricultural services company saw shares smacked more than 20% today after providing FY24 guidance for the first time. The first half has been hit by falling sentiment in the sector on the back of El Nino, lower crop protection prices, cheap livestock prices and a slow start to the winter crop particularly in WA.

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27/02/2024 09:11

Elders Ltd (ELD) $9.04

ELDs result in November exceeded many expectations; hence, the battered stock’s had plenty of room to bounce, so far well over 60% - an attractive part franked 5% yield has helped the move. Management delivered a strong bent on the result:

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14/11/2023 09:31

Has Elders (ELD) given us some market insight?

We mentioned earlier that the “Christmas Rally” is usually characterised by a distinct lack of selling as opposed to aggressive waves of buying; hence, it's easy to comprehend the move by ELD yesterday. I wouldn’t want to be heavily short a potential turnaround story whose selling volume was poised to dry up in the coming few weeks, the stock could be back above $8 in the blink of an eye, hence locking in some profit after the stock's shocking year made total sense for those short.

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13/11/2023 16:43

Elders (ELD) $7.31

ELD +18.28%: the agricultural services business jumped to 3-month highs on a small beat for FY23 despite some notable headwinds. Sales fell 4% to $3.3b, slightly ahead of consensus, while EBIT was just above the midpoint of guidance, the $170.8m was down 26% on FY22 but ~2% ahead of expectations.

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19/09/2023 09:21

Elders Ltd (ELD) $6.17

. ELD delivered another downgrade last month, it wasn’t overly large in magnitude but for a company that’s struggling to regain investors' confidence it simply delivered another reason to sell i.e. if in doubt get out!

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25/08/2023 11:04

Flagship Growth Portfolio – Amendments

We are making multiple changes to the Flagship Growth Portfolio

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21/08/2023 17:22

Elders (ELD) $6.35

ELD -10.81%: Fell today after downgrading earnings guidance for FY23 by ~6.5% relative to consensus. ELD (September year-end) are now guiding to underlying EBIT in the range $165m to $175m, 11% below their previous guidance range.

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15/08/2023 09:04

Elders Ltd (ELD) $7.08

ELD fell -6.1% yesterday following a “Sell recommendation” from Citi, not an ideal day to deliver such a report. They initially described ELD as a “high-quality agricultural play” but they believe that the risks of drier conditions ahead could weigh heavily on ELD.

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01/08/2023 09:48

Elders Ltd (ELD) $7.29

We bought ELD in early July believing the rural service provider was set to bounce 20-30% after pressure on earnings and uncertainty around leadership had weighed on the stock’s performance – so far so good the stocks bounced over 20% from June’s low.

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