Suggest you look carefully at investor presentation. It shows: -Consecutive years of reductions in profitability -A significant worsening of RIC's current ratio in past 2 years -Cancelling the dividend, due to a need to pay down debt. -Keystone cops execution of growth opportunities - (if RIC can't execute in Australia, I have little hope they will execute on a key project in Thailand -Turnover of key executives Some businesses use Covid as cover for deeper problems with performance. RIC is one of them.
RIC Price at posting:
71.5¢ Sentiment: Hold Disclosure: Held
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