I have held a very large position in RIC for over 5 years now. It has returned 14% (approx) per annum, including dividends, over that time. More than ever, RIC is a sitting duck for an acquirer. So many reasons for this view but its overall strategic position in the food supply chain not only in AU but in the Asia-Pacific region makes it very attractive. World population is growing and food supply and food security is paramount. Short term RIC production problems and recent issues with a rendering plant etc are just that--Short Term. Novacq is icing on the cake, so to speak. The top 3 shareholders own 40% of this company. I'm surprised it has not been on the radar for acquisition already. Patience required, and it will be rewarded.
Strategic Position in Food Supply Chain
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Last
$2.81 |
Change
0.040(1.44%) |
Mkt cap ! $795.8M | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.82 | $2.78 | $299.7K | 107.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 12248 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 2555 | 9 |
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| Last trade - 11.10am 28/11/2024 (20 minute delay) ? |
| RIC (ASX) Chart |
