Richie - Broadacre ??

[furrowtickler]

I wounder how close to the guaranteed $15.6 mill Richies got for all the Broadacre equipment ?

[ry0972]

3 More sales to try and reach the guarantee.
Sounds like they met expectations on quads.
Drills and tanks just short of what they had figured.
The sprayers and swathers coming up could be way short????

[blackpowder]

Ritchies' did not get where they are by coming up short. Much more to the game than the published sale price of the iron.

[fjlip]

Richies might go tatas up, a few bad million dollar decisions and game over.

[ALLFARMER]

Richie has a operating profit margin of 27.1%

Also earned 91.5 million in the last 12 months.

They will pull thru

[greybeard]

A friend who worked the auction for many years used to say it was a good business when times were good, but it got realy good when times were bad.
That line of equipment really "Showcased" well.
Caused lots of excitement on here.
How many buyers did it bring to the sale to bid on other lots?
Don't they make about 1 million just for washing that stuff up and putting it on the cover of their catalog?

[furrowtickler]

Richie Bros run a huge very professional outfit , wether they make more or less than any guarantee is irrelavent . I was just curious on the Broadacre deal if it was close or not. Just a lot of iron and some big money involved - makes it interesting . I am sure Richie's will do just fine either way .