Well expressed and a solid argument for 'defensive stock'. I hold RIC with a similar disposition as yourself. Management is of course the key showing a capital redistribution with the future in mind.
I may be deluded, but my cost base for my RIC holding is better than money in the bank and happy to hold for the long term. I also have a soft spot for Aussie agriculture.
While not worried about Novaq development, still curious. It is still a potentially exciting prospect and if takes off could be very thick icing on the cake.
Ann: Change of Director's Interest Notice, page-6
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Last
$2.08 |
Change
0.025(1.22%) |
Mkt cap ! $656.9M | |||
| Open | High | Low | Value | Volume |
| $2.08 | $2.08 | $2.04 | $1.942M | 944.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 14025 | $2.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.08 | 9427 | 17 |
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| RIC (ASX) Chart |