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.
I'd like to understand more at you arrive at that value of...
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Last
$2.59 |
Change
-0.060(2.26%) |
Mkt cap ! $818.0M | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.64 | $2.57 | $1.487M | 569.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3122 | $2.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.61 | 3122 | 2 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RIC (ASX) Chart |