I agree. I'm a little surprised at the buy back.
I've been a big cheerleader for RIC for a long time and have made significant gains from it. But I am not fully convince that there remains significant upside. I have my finger on the pulse of some of the feed business and have no reason to think that there will be a down turn and I see that Ridley is continuing to expand and improve.
However at existing and forward PE of ~15 I see RIC as pretty fairly value at the moment given the environment of rising interest rates.
I'm still a holder but I'm not convinced to accumulate more at these prices.
News: RIC Ridley Corporation To Conduct On-Market Share Buy-Back Of Up To A $20 Mln, page-3
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Last
$2.93 |
Change
0.030(1.03%) |
Mkt cap ! $1.098B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.95 | $2.90 | $4.198M | 1.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2812 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 6770 | 1 |
View Market Depth
| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| RIC (ASX) Chart |