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An update from Ridley Corporation Limited ( (AU:RIC) ) is now available.
Ridley Corporation Limited has announced the issuance of deeply subordinated, unsecured, unconditional, unlisted convertible notes. This move is part of a previously announced transaction and involves securities that are not quoted on the ASX. The issuance of these notes could impact the company’s financial structure and provide additional capital for its operations, potentially influencing its market position and stakeholder interests.
The most recent analyst rating on (AU:RIC) stock is a Buy with a A$3.48 price target. To see the full list of analyst forecasts on Ridley Corporation Limited stock, see the AU:RIC Stock Forecast page.
More about Ridley Corporation Limited
Ridley Corporation Limited operates in the agribusiness sector, focusing on the production of animal nutrition solutions. The company provides a range of feed and feed ingredients for various livestock, catering to both local and international markets.
Average Trading Volume: 859,404
Technical Sentiment Signal: Buy
Current Market Cap: A$1.13B
For an in-depth examination of RIC stock, go to TipRanks’ Overview page.