A 'lively' blog has some bloke stating this about RIC:Ridley is...

A 'lively' blog has some bloke stating this about RIC:

Ridley is a national supplier of animal feed and other rural products to the agricultural sector. While the business previously had a patchy track record and had difficulty performing to form, we thinking this player has finally found its mojo. Having almost completely repaid its debt position over the past few years through non-core asset sales and exiting uneconomic sectors such as Aquafeed in Tasmania, Ridley has lost the excess pounds and have gained significantly more stamina to fight off any opponent’s counter attack. In addition to balance sheet strength which helps facilitate inorganic and capital management opportunities,

Ridley also has a significant internal cost efficiency program underway. Together with the fact that the business has recently completed an intensive capital spending cycle, this suggests to us that margins can still trend upwards, as relatively new production facilities are shaken down. Ridley’s defensive psyche is also finely tuned, with not only the large majority of customer contracts allowing for inflationary costs to be passed through, Ridley’s mix of divisional exposures should also provide some protection to adverse weather events. After shedding some of its excess kilos, some might say Ridley has a small frame, but this is one player that will pack a punch.