Hi Badger. Couldn't agree more with these sentiments. The frustrating thing about ELD at present is that the share price is not really reflecting the success of the business IMO.The annual report was pretty good despite the low rainfall across large parts of the country. ELD performance has been improving year on year for a few years now. The business outlook for 2019 was cautiously positive......Management have been doing what they said they would....
Despite all this and the fact that ELD deals in the relatively stable consumer staples sector, the market has effectively said "Yeah but I only think your worth a PE of around 11.5"
Frustrating....but hopefully the market will soon better appreciate all of this and "the case for Elders"
The case for ELDERS, page-5
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