While anyone visiting plants such as OMP's might have to carry a container of old-fashioned smelling salts - Laverton North in Melbourne's southwest is full of such industries - one smells 'moneymaking' with this acquisition.
There's a degree of trust that the debt facilities being employed will be outshone by the degree of accretion.
RIC might not daily attract the attention of 10 analysts, partly because MC is $739 million so under the threshold for some, but it's a very solid performer with a roadmap to the future.
Happy to continue to hold. The capital increase of 18.48 per cent in the last 52 weeks (plus dividends) is very pleasing.
Ann: Agreement to Acquire Oceania Meat Processors, page-2
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