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...
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Last
$2.22 |
Change
0.010(0.45%) |
Mkt cap ! $701.1M | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.24 | $2.20 | $925.1K | 417.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 10877 | $2.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 11062 | 23 |
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| Last trade - 12.29pm 08/05/2024 (20 minute delay) ? |
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Last
$2.23 |
Change
0.010 ( 0.68 %) |
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| Open | High | Low | Volume | ||
| $2.22 | $2.23 | $2.21 | 41877 | ||
| Last updated 12.46pm 08/05/2024 ? | |||||
| RIC (ASX) Chart |