Elders Hybrids

Hot on the heels of our recent update, Elders announced the conditional sale of ‘the large majority of its pulpwood forestry assets in the Albany, Bunbury and Green Triangle regions to investment funds managed by Global Forest Partners.’ The price is reportedly around book value, but more importantly the company expects to receive over $45m in installments that will help reduce Elders’ onerous debt levels. Recommendation Guide Hold Up to $60 Reassess Below $30 Chief executive Malcolm Jackman has provided a steady hand, patiently selling assets while avoiding a firesale. While each asset sale reduces the range of possible outcomes...

Hot on the heels of our recent update, Elders announced the conditional sale of ‘the large majority of its pulpwood forestry assets in the Albany, Bunbury and Green Triangle regions to investment funds managed by Global Forest Partners.’ The price is reportedly around book value, but more importantly the company expects to receive over $45m in installments that will help reduce Elders’ onerous debt levels.

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