Australian (ASX) Stock Market Forum

RIC - Ridley Corporation

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I've never heard of this company before, so I downloaded their last report from their website. What is of interest is that they recently closed down their salt producing division and now have large areas of waterfront land (salt flats) available for redevelopment at two locations at Geelong (one next to Avalon airport) and Adelaide. They seem to be looking to team up with a land developer to maximise the value of these properties, two of which appear to be suitable for residential subdivision.
 
potentially big as they have manage to create a feed for prawn which is very efficient and does not need any fish in (ie no neeed to get fish to produce farmed prawn: a first as most of aquaculture is using lower cost fish as feed)
+ extreme performance vs current feed
the reason i got in for maybe the long term if they manage not to crash
 
So_Cynical said:
(16th-May-2014) I saw that landline episode and decided that RIC was a must have in the portfolio, still trying to find out which SEA country's RIC has the Novacq licence for...anyway Novacq and the technology behind it is a game changer for the Global Aquaculture industry.

In today at 0.835 ~ right on the trend line and low volume the last few weeks as well.
~
Click to expand...

RIC trading at a 52 week high today, 0.95/6 ~ so i took a 21% profit on my IB trade (hung on to a few for divis) but still holding in my main portfolio (above entry) and super fund..RIC really going against the market today.
 
So_Cynical said:
(16th-May-2014) Novacq and the technology behind it is a game changer for the Global Aquaculture industry.In today at 0.835
Click to expand...

A Novacq announcement released today, Ponds leased with option to buy, Novacq commercial production to begin after many months of advancing the technology, starting small but with scope to get much bigger.

http://www.asx.com.au/asxpdf/20160122/pdf/434jj2cm1bz47t.pdf

A wonderful uptrend, should of backed the truck up, still i have sizable positions in all 3 portfolios.
~
 

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So_Cynical said:
RIC trading at a 52 week high today, 0.95/6 ~ so i took a 21% profit on my IB trade (hung on to a few for divis) but still holding in my main portfolio (above entry) and super fund..RIC really going against the market today.
Click to expand...

RIC spiked again today to almost match this 2014 'high' to $0.94 on after market settlements...
Seems Twiggy's taken on postion... So the question is now; Is RIC going to 'Fortescue or Anaconda'??? and just how many prawns can Twiggy eat???
 
25/11/21 8.15am

RIC Financials rate as VGOOD from a scale of VG, Good, Av, Bad, VB.

IV is closer to $1.33 so with SP @ $1.38 it is considered Fully Priced atm.

HOWEVER

TA LINEAR REGRESSION (pages 139 to 142) shows that the SP is inside the LR Buy Zone & is LR still in an Uptrend, with CCI (pages 108 & 109), and MFI (p 95) both suggesting a ST Uptrend.

1637792122614.png


These are my personal observations, they may be of interest to some punters.
NOTE:- I DO NOT hold RIC atm.
Remember to DYOR.

Cheers.
DrB
 
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Good numbers released today and a new all time high of 1.97 achieved, record high dividend and a buy back.

Things are going well for Ridley.
 
Will have another look, last time I ran my ruler over it the debt put me off. I see they have made a decent dint in paying that down.
 
Up 12.5% at the close, probably the biggest single day rise MC wise, 1.05 Billion in revenue, all segments trading higher, Aqua, Novacq, cows, horses, chickens, pigs, up ,up ,up.
 
@GARP ...My view above was in terms of 'cyclic'. RIC is fundementally solid( don't see them going broke but don't see 5 or 10X). The bigger chances/risks in the past were around their property assets, long since desposed, those had my eye. That on top of lowish risk and div's.
For what it's worth apart from 'the property'; I look at SGM in a similar sort of sence... haven't lost on either of them.... patients.
hav a good weekend.
 
Ridley corp has added Oceania Meat Processors to its portfolio.
Oceania specialises in mechanically deboning its meat to produce intermediate meat for the pet food industry.
One of the existing OMP productions plants is next door to a ridley processing plant in Melbourne.
Being an animal feeds co, having a a value added processing output seems fairly logical.
Don't hold but have in the distant past.
I suspect I may have missed the boat in this cycle.
Have some low ball bids around the 1.95 mark just in case.
Mick
 
Not much said bout RIC these days.
Invested some of my gold profits into some long term investments, one of whih is RIC.
Solid, unexciting, pays a gross div of nearly 6%.
Mick
 
RIC put out a notice of intention to buy back up to 9mill shares on market.
I have never liked buybacks, I would prefer they disbursed any lazy money back to shareholders.
Mick
1726098315007.png
 

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