9x $30m EBITDA max for this biz - EV $270m. Debt $170m = $100m Equity vs $264m current MC. What gives?.
Will they find $20-30m extra EBITDA next year to support current MC? Don't think so.
RIC has been a takeover target a few times - that's all thats holding the price up IMO. Usually GrainCorp looking but it's got it's own issues right now without taking a crack at RIC..
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Last
$2.85 |
Change
0.030(1.06%) |
Mkt cap ! $1.057B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.85 | $2.81 | $807.0K | 285.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 4115 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 5933 | 19 |
View Market Depth
| Last trade - 15.07pm 30/07/2025 (20 minute delay) ? |
| RIC (ASX) Chart |