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RHL - Ruralco Holdings

Discussion in 'Stocks Q-Z' started by sptrawler, Aug 31, 2010.

  1. sptrawler

    sptrawler Well-Known Member

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    I have been watching these with interest but it is mainly based in the Eastern States so I don't really have a feel for the business. They look good on paper, does anyone have an opinion on them?
     
  2. IrishDigger

    IrishDigger Well-Known Member

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    Maintaining a watching brief since they popped up as having acquired 10.1% of Elders (ELD).

    My first thoughts were that it was a take over bid but RHL regard it as 'A Strategic Investment'

    What do they mean by 'Strategic Investment'?

    Click Here For Report
     
  3. So_Cynical

    So_Cynical The Contrarian Averager

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    RHL own and operate a chain of rural stores and ELD own and operate a chain of rural stores = strategic.
     
  4. oldblue

    oldblue Well-Known Member

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    Yes, "Strategic" probably means taking a blocking stake to have a place at the table in the event that a third party takes a fancy to ELD. Enough to prevent a compulsory acquisition scenario.

    ;)
     
  5. BluePenguin

    BluePenguin New Member

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    Don't forget Soul Patts (SOL) in this mix. SOL owns a 23.5% stake of RHL. On 8th June 2012 SOL doubled their stake in ELD from 5% to 10%. Any ideas of the implications of this?
     
  6. IrishDigger

    IrishDigger Well-Known Member

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    I see now what was meant by 'Strategic Investment';)

    More News.............

    I have a few ELD shares and it will be interesting to see how all this unfolds.
     
  7. sptrawler

    sptrawler Well-Known Member

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    I see they are still plodding along, fairly stable dividend, price going nowhere.
    I wonder if the sudden interest in agriculture, by China and our upper echelons of society, will bring about an external interest?
     

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