Well something put a rocket under this late yesterday and today. Lets hope we see more of that action.
Personally I think RIC should trading at PE ratios closer to 20. I see it as a defensive stock with small to moderate growth potential. Nothing fancy, but if they keep doing what they are doing there isn't significant risks to earnings. The biggest risks to profits IMO are capital write downs or other events such as accidents and lawsuits.
Feedmills generally have a captive market, long term supply contracts and limited exposure to input prices either through hedging or customer supplied inputs. In short they have local monopolies that are dictated by contracts and transport distances.
My calculation based on historical earnings is a current PE ratio of 18. Though with poor analysis data out there I see comsec showing a PE of 7.5!
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- Ann: FY20 Results Investor Presentation
RIC
ridley corporation limited
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0.70%
!
$2.85

Ann: FY20 Results Investor Presentation, page-14
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Last
$2.85 |
Change
-0.020(0.70%) |
Mkt cap ! $1.068B |
Open | High | Low | Value | Volume |
$2.85 | $2.89 | $2.83 | $520.8K | 182.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $2.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.86 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 2.830 |
2 | 2000 | 2.790 |
1 | 5793 | 2.780 |
3 | 10136 | 2.760 |
4 | 20226 | 2.750 |
Price($) | Vol. | No. |
---|---|---|
2.860 | 20000 | 1 |
2.880 | 800 | 1 |
2.890 | 20000 | 1 |
2.900 | 7450 | 3 |
2.910 | 3532 | 1 |
Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
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RIC (ASX) Chart |
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