News: RIC Ridley Corporation Says HY Net Profit Attributable To Members Up 29 Pct, page-2

Good result.  eps 5.1c in half div of 1.5c.  RIC has a big capex program underway in feedmills, so we cannot expect a fatter dividend.

Core stockfeed business shows a good result.

Novacq progress looks good to me.  It seems slow as RIC must get many strategic and scientific steps right.

Realisation of Moolap is off in the indefinite future. The land is valuable and strategic, but will have to wait.

I expect Mr Market will like the result, though not a boom.  That awaits full commercialisation of Novacq 

Ash