Not long now until we will find out the result of Dry Creek (31 May per past announcement):
A. Either transaction continues as originally planned. If this is the case, then there is no reason why SP won't return to 1.50-60 heights, (remember Credit Suisse giving us a target price of $1.55) especially since it now follows deals signed in Thailand etc.
B. We gain $12m in non-refundable deposits (! - to put that in perspective, our 1HFY16 AgriProducts EBIT was $27.7m) and are free to sell our asset to another entity.
Exciting times either way for a growth stock as solid as an ox. GLTAH
Ann: Update on sale of Ridley Dry Creek, page-16
Add RIC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.76 |
Change
0.040(1.47%) |
Mkt cap ! $795.8M | |||
| Open | High | Low | Value | Volume |
| $2.68 | $2.77 | $2.68 | $1.033M | 375.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1808 | $2.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 564 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| RIC (ASX) Chart |
