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0.46%

$2.16 ridley corporation limited

‘Excellent move. $1.98 with 4 cent ff dividends, ex 5 Apr,...

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Cocky5

1,214 Posts.

242

16/03/23

14:03

Post #: 66802746
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‘Excellent move. $1.98 with 4 cent ff dividends, ex 5 Apr, provides an excellent entry. I am expecting $2.50 in 12 months but I could be wrong.

Originally posted by Hopeful9: ↑

Given the 'global financial contagion', so far on Thursday 16 March 2023, RIC's SP had fallen as much as six per cent.

It's a well run company. Despite flooding in some east coast areas and the possibility of a drought in calendar 2023 in states like Victoria, overall RIC continues to enjoy good demand.

It has excellent management so I couldn't resist buying more at A$1.985.

Poorly run companies will suffer in any 'financial meltdown' but while RIC won't be immune from having to face some challenges, my assessment is it'll get through any problems and perhaps even find other immediately accretive businesses to acquire at relatively attractive (not 'elevated') valuations.

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RIC Price at posting: $2.01 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $2.16		Change -0.010(0.46%)		Mkt cap ! $682.1M

Open	High	Low	Value	Volume
$2.17	$2.17	$2.14	$51.99K	24.03K

Buyers (Bids)

No.	Vol.	Price($)
16	5061	$2.16

Sellers (Offers)

Price($)	Vol.	No.
$2.17	3933	13

View Market Depth

No.	Vol.	Price($)
16	5061	2.160
12	13836	2.150
11	10964	2.140
9	15853	2.130
6	22154	2.120

Price($)	Vol.	No.
2.170	3933	13
2.180	22267	20
2.190	10428	11
2.200	13149	5
2.210	2450	3

Last trade - 10.44am 15/05/2024 (20 minute delay)


Last $2.16			Change -0.010 ( 0.40 %)
Open	High		Low	Volume
$2.16	$2.16		$2.15	5138
Last updated 10.55am 15/05/2024 ?

RIC (ASX) Chart