With the trading day half over, 'Mr Market' hasn't liked the 1H 25 result, sending shares down A$0.16 to A$2.60, a drop of 5.8 per cent.
Presumably consensus among analysts was for a better result.
It may also have something to do with prices for tallow. A small part may be due to Australia's general economic malaise.
Given forecasts from the company are fairly promising going into FY 26, this may be somewhat of an overreaction. We see this on occasion with the following day's trading in shares being higher, as markets reassess and consider the picture isn't as bad as it initially thought on results day.
RIC Price at posting:
$2.60 Sentiment: Hold Disclosure: Held
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