Yes, incredibly uninteresting supplying cattle, dog, horse and pig feed.
But the owners of these animals are far from uninterested in how the feed assists healthy (and where relevant - perhaps not so much for domestic dogs) growing animals.
Pet ownership has risen.
The cattle herd is restocking last I read.
Brands like RIC's Barastoc are well respected in the marketplace.
I also really like how RIC's most pleasing performance tends to be ignored by many analysts. Some of the latter prefer to concentrate on "flavour of the week" that on occasion (as we saw with BNPL listed companies) may be continually lossmaking enterprises. As Rob Millner of BKI/BKW/SOL/WHC said "how does that work?"
Ann: FY23 Full Year Results Investor Presentation, page-8
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Last
$2.55 |
Change
-0.010(0.39%) |
Mkt cap ! $805.3M | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.59 | $2.52 | $430.9K | 168.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2470 | $2.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.57 | 2470 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| RIC (ASX) Chart |