RIC 0.36% $2.79 ridley corporation limited

Ann: Ridley Delivers a 20% Uplift In Earnings, page-23

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  1. 16,815 Posts.
    Autosime

    Id have to agree, although I like Tassal as you say it is a narrowly focussed business.
    They are having trouble with their pens in Macquarie bay. Apparently because Macquarie bay has a very narrow sea connection. The dissolved oxygen content of the water is causing disease but they are taking actions to solve the problem. IMO it is very hard to solve a problem when nature is causing it.

    Im watching Elders as well, it has a wedge shape on the chart so Im waiting to see if it breaks and which way it breaks.

    All in all I like RIC it is a well run company and has not destroyed its capital base by issuing too much in dividends as some of the Australian banks have done.
    Ive been in and out of RIC a few times and made money. It seems to run into too much head wind when it reaches about $1.36 -$1.40 so Ive sold the last couple of times.

    Ok Im off to do some work bye now.
 
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