ASX:RIC
Ridley Corporation Ltd
Investment Summary
The fund managers believe that Ridley Corporation Ltd is on a positive trajectory, reflected in its recent share price increase of 18.0%. They note the company's strong operational delivery and identify further growth opportunities stemming from debottlenecking projects, returning poultry volumes, and strategic mergers and acquisitions. This gives them confidence in a positive near-term outlook. Additionally, they emphasize that the company's valuation remains undemanding for a firm they view as a steady grower led by outstanding management. In their opinion, these factors position Ridley Corporation favorably for investors looking for stability and growth.
Commentary From The Managers
Milford Asset Management
30 Sept 2024
$2.62
- Ridley Corporation has shown strong operational performance with an increase of 18.0%.
- Opportunities for growth are present through debottlenecking projects coming online.
- The return of poultry volumes supports a favorable outlook.
- Strategic mergers and acquisitions are key components of Milford's positive near-term perspective.
- The company's valuation is considered attractive for a steady grower.
- Milford Asset Management believes in the outstanding management at Ridley Corporation.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.