RIC is still exposed to the commodity cycles however they have a natural hedge through their feedmilling. Ie, lose money on procoducing protein and tallow, get it back through cheaper inputs in their milling side.
They've seen vairly high values on their protein and tallow production but being a toll processor, this would have been returned to their raw material suppliers to remain competitive with them. With existing supply contracts, they would be under water with the fall in commodity prices until next raw material contracting period.
Would be expecting a slightly weaker period coming up.
RIC is still exposed to the commodity cycles however they have a...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RIC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.02 |
Change
-0.020(0.98%) |
Mkt cap ! $637.9M | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.06 | $2.02 | $468.5K | 230.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4974 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 9469 | 2 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| RIC (ASX) Chart |