What Matters Today: Has Elders (ELD) given us some market insight?

ELD surged +18.28% on Monday after the agricultural services business delivered a small beat for FY23 – sales fell 4% to $3.3b, slightly ahead of consensus. However, cash conversion caught the eye with operating cash flow ~50% above consensus, helping the company to pay a 23cps div (30% franked), 7cps above expectations, i.e. the stocks now forecast to yield ~7% over the coming 12 months. The company has encouragingly managed costs far better than expected, and it appeared on Monday that many traders decided all at once that the reason for being extremely negative towards the stock had disappeared in one set of numbers.

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Afternoon report 19/01/2026 16:45

The Match Out: Trump inspired weakness hits ASX as volumes pick up

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Morning report 19/01/2026 09:53

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Afternoon report 24/12/2025 14:24

The Match Out: ASX slips, Happy Christmas All

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Morning report 24/12/2025 10:43

Portfolio Positioning: The Christmas rally kicks into gear

Firstly, from James, Shawn & the MM Team, we wish you a happy and safe festive season. Many thanks for being a wonderful group of members, and your ongoing support throughout the year. It's been a year of two halves for the ASX and MM in many ways, but we’re finishing on the right foot across all portfolios. In todays note, we’ll run through portfolio performance, in a lighter style Christmas Eve report. A reminder, if you are considering investment options in 2026, all Market Matters Portfolios are now open for investment, via Market Matters Invest Direct, including the International Equities Portfolio which has had a stellar year, up over 25%. We will continue to work hard in 2026, building on a solid 2025.

Afternoon report 23/12/2025 16:43

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Morning report 23/12/2025 09:18

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