Elders bets on diversification to weather tough times
Elders (ASX:ELD) has reported a challenging year marked by fluctuating market conditions and subdued client sentiment, particularly in the first quarter.
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Elders shares slump amid climate and economic challenges
Elders (ASX:ELD), Australia's foremost rural services group, encountered a significant blow on Monday as its shares plummeted nearly a quarter following a trading update.
Read MoreElders shareholders brace for challenging year
Elders (ASX:ELD) shareholders are bracing for a potentially challenging year ahead in 2023-24. The company has forecasted lower earnings and a reduced dividend.
Read MoreElders attributes earnings downgrade to weak cattle and sheep prices
Elders' (ASX:ELD) shares experienced a decline on Monday following an unexpected earnings downgrade for the 2022-23 financial year.
Read MoreCorporate Chatter: MYR, ELD
Contrarily unexpected news in the boardrooms of Myer and Elders on Monday, with one losing and the other retaining its CEO.
Read MoreNo Respect Shown for Elders after Profit Slump
Elders shares slumped more than 14% to a new 52-week low at one stage on Monday in the wake of a 46% slide in interim earnings and reduced dividend.
Read MoreFactors Conspire to Rain on Elders’ Parade
Despite a solid annual result, shares in Elders sold off heavily yesterday as directors warned that more wet weather could damage prospects in the new financial year.
Read MoreNo Fallow Ground for Elders in Solid Result
Shares in rural giant Elders jumped 11% at one stage yesterday after a strong result for the six months to the end of March that also saw the company lift its full year earnings guidance.
Read MoreElders Tops Up Guidance after Big Wet
Elders has joined GrainCorp in upgrading its 2022 financial outlook because of good growing conditions that saw many of its customers avoid the impact of the recent floods on the East Coast.
Read MoreAgri Boom Boosts Elders Bottom Line
Agribusiness giant Elders Ltd got a huge boost from the rebound in weather and growing conditions in Australia in the year to September to post another solid result for the 2020-21 FY.
Read MoreELD – Morgans rates the stock as Hold
The broker retains a Hold, due to high multiples and a belief that earnings growth will now moderate and cattle prices will eventually fall from current record high levels. The target price is increased to $11.95 from $11.85.
Read MoreELD – Macquarie rates the stock as Outperform
Outperform rating with the target rising to $14.11 from $13.80.
Read MoreNo Respect for Elders Result, Upped Dividend
Shares in rural services giant Elders dropped yesterday despite the company announcing a 40% lift in profits and rewarding shareholders with a sharp increase in interim dividend.
Read MoreELD – Morgans rates the stock as Hold
Morgans upgrades forecasts for higher than expected livestock prices and raises the target to $11.85 from $11.68.
Read MoreELD – Citi rates the stock as Buy
Buy rating retained with a target of $13.20.
Read MoreBumper Outlook For Elders
Improved farm income from bumper crops is good news for Elders, while livestock & wool conditions should also contribute to earnings growth.
Read MoreELD – Citi rates the stock as Buy
Citi analysts point out the 2020/21 winter crop is set to beat expectations. The broker sees plenty of justification for its above-consensus forecasts, which are supporting the Buy rating and $13 price target.
Read MoreElders Primed For Strong Year Ahead
The summer ahead promises better crop returns for agribusiness Elders, which is integrating several acquisitions and expanding market share.
Read MoreElders Ups Dividend As Drought Breaks
Elders boosted earnings sharply in the year to September, with a solid rise in revenue and top-line earnings, thanks mostly to the breaking of the drought across large areas of the country and rising demand for cattle.
Read MoreConditions Improve Markedly For Elders
Favourable winter cropping conditions are likely to mean a big improvement in demand for farm inputs from Elders, benefiting the second half and into FY21.
Read MoreBushfire Impact: Affected Stocks
With the prolonged bushfire crisis now abated thanks to the efforts of Mother Nature and tireless firefighters, Tim Boreham ponders the effect of the firestorm on listed equity exposures.
Read MoreDiversified Base Helps Elders Defy Drought Downturn
Shares in agribusiness giant, Elders jumped more than 6% yesterday after its 2018-19 annual results showed it had defied the impact of the drought.
Read MoreACCC Clears Elders To Acquire AIRR Rural Wholesaler
Elders has been cleared by the competition regulator, the ACCC to complete its takeover of rural wholesale buying group Australian Independent Rural Retailers (AIRR).
Read MoreElders Shares Run Hot Following Trading Halt
Despite the drought, rural business seems to be ‘hot’ judging by the way Elders shares took off yesterday.They soared 15% after emerging from a trading halt having raised $100 million to fund its acquisition of wholesale buying group Australian Independent Rural Retailers (AIRR).
Read MoreELD – Morgans rates the stock as Upgrade to Add from Hold
Elders will acquire Australian Independent Rural Retailers for $187m. The acquisition will be funded via cash and scrip. Morgans considers the purchase price reasonable, given the size of the group.
Read MoreElders Adds To Rural Services Consolidation
With Canadian group, Nutrien trying its own bit of rationalisation in the rural sector, (and running into problems with the ACCC), Elders has joined the party with a $157 million cash and shares offer for the unlisted private wholesale buying group Australian Independent Rural Retailers (AIRR).
Read MoreElders Holds Firm On Dividend Despite “Difficult Conditions”
Call it confidence or perhaps over-optimism but the decision by Elders to maintain interim dividend at 9 cents a share with the drought still biting hard in rural and regional Australia, was a gutsy call by the board and management.
Read MoreABARES Cuts Crop Forecasts Again
The East Coast drought – now dipping into Victoria and the dry emerging parts of southern Western Australia – has seen Australia again cut its 2018-19 wheat harvest estimate to where it is now forecast to be the lowest since the GFC and the last big drought in 2008.
Read MoreElders Expects Growth Despite Dry Conditions
Elders expects to still deliver 5-10% growth in operating earnings in FY19 despite a reduced summer crop and continuing dry conditions on Australia’s east coast.
Read MoreElders Beats Dry Expectations
Elders’ shares have jumped sharply after the company confirmed that it’s businesses had not been badly damaged by the continuing drought across much of Eastern Australia.
Read MoreElders Talks Down PGG Wrightson Tilt
Already smarting from a slide in its shares because of a weak earnings update last Friday, Elders was quick to deny claims in The Australian newspaper that it was preparing a $300 million fund raising to help pay for the purchase of NZ rural group, PGG Wrightson.
Read MoreElders Returns To Dividends
Unlike the latest result on Friday from GrainCorp and a big drop in earnings, there was no sign of the impact from growing dry across much of the eastern states in the half-year results from Elders yesterday.
Read MoreElders Sells Out Of Indonesia
Elders has decided to sell its beef feedlot and processing assets in Indonesia, and has confirmed more deals that will deepen its investment more in its Australian agricultural chemicals business and livestock agency operations. The news saw Elders shares jump more than 3.6%% to $7.99.
Read MoreElders Profit Up As Dividends Return
No wonder Elders shares went for a big run yesterday – the company is paying its first dividends in nine years after more than doubling net profit for 2016-17.
Read MoreRainfall, Rural Real Estate Lifts Elders
A solid reaction in a falling market yesterday to the 2015-16 full year results from agribusiness group, Elders Ltd (ELD) which met earnings guidance for the year to September.
Read MoreElders Eyes Earnings Upgrade
Elders (ELD) shares were one of the few to mount any sort of resistance in yesterday’s massive sell-off on the ASX after it surprised investors with the news it is ending its involvement in the live cattle trade, and produced an ugrade to its 2015-16 profit forecast.
Read MoreElders Recovery On Track
Elders recovery remains on track, judging by its latest half year figures, but the beef boom is both helping and hindering the company.
Read MoreElders Turnaround On Track
Elders (ELD) shares sold off yesterday despite the company confirming that its turnaround remains on track.
Read MoreElders Recovery On Track
Shares in rural services group, Elders (ELD) rose nicely yesterday after the company confirmed it was prospering after years of near death experiences from crushing debt, inefficient businesses and a weak and unwieldy structure which took a long time to clean up.
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