Elders (ELD) $11.81

ELD -3.43%: the early read through for Elder’s first half result today was positive, however they talked down the outlook which weighed on the stock through the session. Earnings for the first 6 months came in at $68m, up more than 30% on the first half of FY20, well on track to at least meet the FY21 expectations. The company went on to say cattle and sheep prices were unlikely to stay as strong as they have been while costs are expected to creep up into the second half. They did talk up the opportunity for bolt on acquisitions though which is expected to drive medium term value.

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Elders (ELD)

LAST UPDATED 17/05/2021 16:47

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Elders (ELD)

LAST UPDATED 17/05/2021 16:47