Nothing but blue sky, page-22

Whampoa

I couldn't agree more about RIC. A couple of problems are there seems to be a number of big funds selling down their holdings in the Agri sector in general including RIC. It is not short selling but just selling down.
As far as the SP for RIC goes well my thoughts are it will hit around 1.55 maybe lower. Currently sitting at $1.595 down from $1.67.
Right now there is a sell down on most markets mainly due to the POO and mining commodities in general.
IO and POO have hit record lows. Regardless of what sector or company you are in imo the markets are going lower.
Having said that I think RIC will do better than a lot but it will feel the pressure as well.
I will be watching closely for a re-entry point back into RIC.
I don't think locking up shares and coming back in ten years is a good strategy given the financial climate in the world right now, that is dependant a lot on when you bought in I guess.

RIC is a good well run company but the markets are making a move so Im out completely and watching.