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Last edited 10 months ago
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#Ag Businesses?
stale
Added 10 months ago

Anyone done any research on RID or ever held their shares?

I came across the company whilst surfing with one of their employees during covid in 2020.

Ridley Corporation is an Australian agribusiness specializing in animal nutrition and feed solutions. The company produces and supplies high-quality feed for livestock, aquaculture, and pets, supporting sustainable food production. Ridley operates manufacturing facilities across Australia and partners with farmers, producers, and industries to enhance animal health and productivity.


I did some research and came to the conclusion that the business was just cyclical...beholdant to the agriculture macro issues (like drought, flood, changing demand etc.).

Look at the chart when I looked at it in 2020 (around 70 cents):

520f358681066b161f43fa4e24c1ca397ca03c.png


Then new management installed in about early 2020.


Now look at it:

d29b4f6dbc1c894dd8c76feda40e0d286808f5.png



I was thinking of trying to work out what they did to turn it around.


But im interested in what others think of agriculture businesses generally. I'm not familar with them so it would be a large learning curve. And there are some industires I will not touch. Like airlines.

What do people think?