Good summaries. How a buyback allows further opportunities and flexibility ( think that they were the words) is a mystery. Great opportunities for organic growth and or for Ridley to expand by acquisition although suspect that most size pet food businesses are owned by overseas majors. Suspect doing all they can to raise the SP so if (probably not if but when) taken over will be at a good premium. Asculpeous always feels a bit cheated when a good co is taken over.Cos.such as RIC are hard to find. Twiggy will fold just as he did with Huon Salmon.
RIC Price at posting:
$1.83 Sentiment: Buy Disclosure: Held
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