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Ridely company logo
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Social
ridely.com

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Founded Year

2016

Stage

Series B | Alive

Total Raised

$2.53M

Last Raised

$980K | 5 mos ago

About Ridely

Ridely is an app for riders that lets you log your training and follow your progress. Ridely also has a social network for riders and a learning hub with lots of training videos with well known riders and trainers.

Ridely Headquarter Location

Regeringsgatan 65

Stockholm, 111 44,

Sweden

Latest Ridely News

Ridley Corp (ASX:RIC) share price soars 8% on resumed dividend

Aug 25, 2021

Ridely’s financial year 2021 results came with a detailed outline of its future plans, and the market seems to like them. Brooke's interests in finance and the share market evolved during her time at Charles Sturt University. There, she studied a Bachelor of Communication, majoring in journalism and sub-majoring in international relations. In her spare time, you'll find Brooke gallivanting around South East Queensland, no doubt with her dog in tow. You can view Brooke's holdings here . Latest posts by Brooke Cooper ( see all ) Image source: Getty Images Right now, the Ridley share price is $1.23, 7.89% higher than its previous close. Ridley share price jumps on 2 cent dividend Here’s how the stock feed producer performed through FY21: $927.7 million in revenue, 4.1% less than the prior corresponding period. Resumed paying dividends with a 2 cent final dividend Over FY21, Ridley reported $79 million of gross profit, up 18% on those of FY20. It also saw its operating cash flow increase 107% to $82.4 million. Ridley’s bulk stockfeed segment reported EBITDA before significant items of $32.4 million, down 5% from FY20. However, FY20 saw the segment’s income bolstered by ‘drought feeding’. The company’s packaged feeds and ingredients segment has EBITDA before significant items of $46.5 million. That represents a 32% increase on the prior corresponding period. Additionally, the company’s inventory is back to pre- COVID-19 levels. Ridley ended the period with $39.9 million of cash and $83.1 million of debt. What happened in FY21? It’s been a quiet run in FY21 for Ridley and its share price. Although, it did sell some assets. The company sold surplus land at Lara and Moolap for a pre-tax profit of $3.7 million. In April, it also sold its wholly owned, non-operating, and Singapore-incorporated subsidiary Novacq International Pte Ltd for no profit or loss. Here’s what might drive the Ridley share price in FY22: Ridley’s FY21 included several sales that have occurred since the end of the financial year just been and will be added to its FY22 results. First off, the company sold its Tasmania-based Westbury extrusion plant for $54.85 million earlier this month. A $7 million profit from the sale will be noted in Ridley’s FY22 results. Additionally, a $2.2 million contract for the sale of its former feedmill at Bendigo was signed on 27 July. Another sale contract, this time for its former feed mill at Mooroopna worth $1.65 million, was completed on 13 August. The sales will generate a pre-tax gain on sale of around $2.6 million in FY22. Ridley also outlined its growth plan in its FY21 results. The company plans to undergo a $4 million plant commissioning in the first half of FY22. The plant will produce land animal protein concentrates. Ridley will also launch Food for Dogs in speciality pet stores in April, and its Cobber range into rural grocery from the first half of FY22. Additionally, it plans to supply grocery house brands in FY22. It expects to launch a Novacq prawn feed, developed by CSIRO , in FY22. The company will also increase its asset utilisation and expand its Narangba facility. Finally, it plans to launch its Ridley Direct, which will see an ingredients sales desk selling to livestock producers who mix feed on farm. Additionally, Ridley plans to spend $15 million over FY22 and FY23 on a series of small projects to extend its product offerings, de-bottleneck its capacity, and reduce costs. Should you invest $1,000 in Ridley Corporation right now? Before you consider Ridley Corporation, you'll want to hear this. Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Ridley Corporation wasn't one of them. The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more. * And right now, Scott thinks there are 5 stocks that are better buys.

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