Asculpeous is delighted with the way that RIC has been performing and certainly not complaining about the divvies. The way forward for RIC would be leveraging its strengths by organic growth and acquisitions especially in the rendering space.It's dirty,highly regulated these days, and should be able to be picked up for low PEs and hence earnings accretive.
Then there's the prawn food.Give it time and they may pull a rabbit out of the hat Also wonder whether they are doing any work with seaweed additives to ruminant feed.Seems to be no significant player in this space.
Note that i the past RIC has stayed quite on their progress.They are not courting a takeover.They want their jobs!
RIC Price at posting:
$1.73 Sentiment: Buy Disclosure: Held
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