Ridley Corporation Ltd T.RIC

Primary Symbol: RIDYF

Consumer Defensive Farm Products

Ridley Corporation Limited is an Australia-based provider of premium animal nutrition solutions. The Company operates through two segments: Packaged Feeds and Ingredients and Bulk Stockfeeds. The Packaged Feeds and Ingredients segment comprises animal nutrition feed and ingredient solutions delivered in packaged form, ranging from one ton down to three kilogram bags. It also includes the Aquafeed Business Unit. The Bulk Stockfeeds segment includes animal nutrition stockfeed solutions delivered in bulk. Its specialist areas include Aqua Feeds, Bulk Ruminant Stockfeeds, Bulk Monogastric Stockfeeds, Animal Proteins & Oils, Commodities, NovaqPro, and Primo Aquaculture. It manufactures and supplies a complete range of prawn/shrimp feeds and fish feeds for species, including Monodon, Vannamei, Banana, and Stylirostris prawns. It is also a provider of dairy feed, cattle feed, and sheep feed. It provides bulk stockfeed for monogastric animals, including layers, broilers, pigs, and ducks.

OTCPK:RIDYF - Post by User

Ridley Corporation Ltd > Is $3 unrealistic in the near future?

<< Previous

Bullboard Posts

Next >>

Comment by GuyInPhoenixon Aug 08, 2014 8:04pm

259 Views

Post# 22824421

RE:Is $3 unrealistic in the near future?

Hi, TerreMoto

I think $3 would be a reasonable near-term target, which is why I held on to the position, even though it is short term overbought. Unlike a lot of other gold juniors, you can actually put a multiple on the earnings to get to a higher share price. The $4 target that is in some of the analyst reports sounds quite reasonable -- especially if we finally get the wind to our back and have another bull run in the mining stocks.

Have a good weekend.

<< Previous

Bullboard Posts

Next >>

How a junior advances one of the largest undeveloped diamond projects