Pre Market ASX Report 15/11/22

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ASX:ELD – Elders Ltd – BULLISH BIAS

• Key levels on the chart – consider taking trades from key support/resistance zones.
• Elders announced at 39% jump in annual underlying earnings to $232.1m.
• Longstanding CEO announces his exit.
• Due to extreme rainfall events across the eastern states it’s unclear whether full harvest potential for both summer and winter crops can be reached.
• Full-year FY22 highlights also included: Net profit up 9% to $162.9m, Dividends up 33.3% year-on-year, Real Estate Services gross margin was $61.6m, up 21% on FY21, Net debt stood at $284.9m, up $68m on the prior year.
• Longstanding CEO Mark Allison to step down on or before Nov 23, completing 10yrs of leadership.

ASX Key Events Calendar (TODAY)



Economic Key Events (TODAY)



Economic Key Events (YESTERDAY)

No key events yesterday

 

Article of the Day: Medical cannabis fuels growth in Canopy, Cronos and Curaleaf

Podcast of the Day: Investment educator Brian Feroldi’s three principles for long-term investing

 

EXPECTATIONS: Energy LOWER (lower oil prices) & Materials HIGHER on overall higher precious metal prices.

(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)

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