RIC is investing ~$100m in new feed mills V market cap of $470m. They are going hard on the core business ahead of the looming drought.
Last slide set said: "M&A: Looking for strategic & complementary specialist ingredients products/businesses." I see rendering as attractive for its vertical integration benefits. Supplements too, if a compelling opportunity presents. No need to rush these things.
AGM tomorrow with hopefully new data on Novacq trials and product research. Perhaps an announcement on Investec option consideration/partner solicitation. I will attend and post a little report.
The share price has gone nowhere for two years, despite considerable progress. A reasonable AGM could prompt a break upward.
Ash
long term chart, page-16
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Last
$2.63 |
Change
0.030(1.15%) |
Mkt cap ! $830.6M | |||
| Open | High | Low | Value | Volume |
| $2.66 | $2.66 | $2.58 | $622.9K | 238.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1488 | $2.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.65 | 21488 | 2 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| RIC (ASX) Chart |