I'd like to understand more at you arrive at that value of $2.80.
That is a PE of a around 21.5. That is hard to justify. RIC is trading well above long term valuations and trends. Sure they have been doing some good things in the last 3-4 years and their pricing below $1 was never justified. But you need to be doing something extremely special to justify RICs current valuations.
I haven't heard anything significant about any significant expansion plans or growth opportunity's for Ridley.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2.86 |
Change
-0.010(0.35%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $2.88 | $2.91 | $2.86 | $862.2K | 299.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 213 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 16626 | 1 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| RIC (ASX) Chart |