Elders Ltd (OTCPK:EDESY)

$ 26 0 (0%) Market Cap: 916.24 Mil Enterprise Value: 1.37 Bil PE Ratio: 27.52 PB Ratio: 1.48 GF Score: 90/100

Full Year 2019 Elders Ltd Earnings Call Transcript

Nov 10, 2019 / 11:00PM GMT

Transcript

Operator

Thank you for standing by, and welcome to the Elders Investor Teleconference. (Operator Instructions)

I would now like to hand the conference over to Mr. Mark Allison, Managing Director and CEO. Please go ahead.

Mark Charles Allison

Elders Limited - CEO, MD & Executive Director

Thank you very much. And welcome to everybody on the call. So just as a lead, and I think everyone's aware that this is the second year of our second Eight Point Plan. And we made a commitment at the end of the first Eight Point Plan of 5% to 10% growth of -- and a return on capital above 20% through the cycle through to 2020. So from our perspective and as we run through the presentation, we're comfortable that we're on track to meet that commitment that we made at the beginning of this Eight Point Plan.

What you've seen out in the market over the last number of months have been multiple downgrades across a list of agricultural stocks, and the Elders share price has obviously been caught up in this sentiment.

The first and second of our Eight Point

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