Most companies with money in the US have been down. The outlook for the $US is not good. This will ultimately hit RIC in the exhange pocket as most of their growth would come from US and Canada.
Here in Australia the bush is going through a terrible drought and most pastoral companies have been troubled. RIC is related to the industry therefore it could also be hit.
The other issue in interest rates. RIC still owes a lot of money. The good thing is that they managed to negotiate their debt at lower levels so should be OK on this front. Having said that, most will simply look at it and say it will be affected by interest rates.
I have owned RIC in the past.
Most companies with money in the US have been down. The outlook...
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Last
$2.01 |
Change
0.025(1.26%) |
Mkt cap ! $634.8M | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.03 | $1.99 | $429.9K | 213.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 12258 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 4332 | 3 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| RIC (ASX) Chart |