Clean balance sheet and the growing global need for human food certainly underpins Ridley growth. Management ie Quinton, is excellent and as a rule I would back people, so if Quinton were to leave, my capital may well follow Quinton.
the absolute unknown is, if a bigger global food player will takeover RIC or a large Australian grain player in Oz like, CBH or GNC or even ELD looking to a stabilise growth in earnings. If that were to happen 40% premium on current price, a takeover value north of $3 would required at least.
RIC Price at posting:
$2.25 Sentiment: Buy Disclosure: Held
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