Is this overvalued?, page-2

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Cocky5

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13/10/23

00:09

Post #: 70319847
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Originally posted by human909: ↑

Is this overvalued?

A genuine question. From a former investor in RIC who rode that wave from 70-80c to $2. And also somebody who as their finger on the pulse of the animal feed market.

Ridley has done great things to turn themselves around. And from what I am directly seeing they are continuing to be doing great things in terms of efficiency upgrades of existing mills. This is what they have indicated in their shareholder communication, but you get the same story by talking to your local miller at the pub near a Ridley site.

But at $2.30, does that not seem slightly overvalued unless there is massive profit growth or capacity growth in the pipeline?

As an argument against myself I suppose it depends on owns forecast of Ridley's continuing growth. With a rapidly growing population, the local food demand will continue to increase.

I'm continuing to sit on the the sidelines on RIC. But it is a company I continue to watch but current do not hold.

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well 909, that is an excellent question. I see the control value of RIC could be as high as 40cents. 2.80. This price would be acceptable

RIC Price at posting: $2.29 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.81		Change 0.000(0.00%)		Mkt cap ! $1.053B

Open	High	Low	Value	Volume
$2.79	$2.83	$2.77	$1.080M	386.2K

Buyers (Bids)

No.	Vol.	Price($)
1	25075	$2.79

Sellers (Offers)

Price($)	Vol.	No.
$2.85	1500	1

View Market Depth

No.	Vol.	Price($)
2	6500	2.760
6	24362	2.750
1	1825	2.710
1	400	2.700
1	5793	2.690

Price($)	Vol.	No.
2.850	1500	1
2.860	1859	1
2.900	750	1
2.910	3532	1
2.920	7751	2

Last trade - 16.10pm 21/07/2025 (20 minute delay)

RIC (ASX) Chart

Is this overvalued?, page-2

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