Bullboard - Stock Discussion Forum Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.F

Primary Symbol: T.CHE.DB.E Alternate Symbol(s): T.CHE.DB.G | CGIFF | T.CHE.DB.H | T.CHE.UN

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental... see more

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TSX:CHE.DB.E - Post Discussion

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > From G & Mail this AM

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Post by SuperM on May 16, 2024 9:38am

From G & Mail this AM

In response to a “strong” first-quarter beat, Desjardins Securities’ Gary Ho increased his Chemtrade Logistics Income Fund (

CHE-UN-T

+3.66%

) target to $13 from $12.50 with a “buy” rating. The average is $12.07.

“Management now expects 2024 EBITDA at the higher end of its $395–435-million guidance, offset by no new update on the Arizona UPA project (still on hold),” he said. “We raised our 2024 and 2025 estimates. We are encouraged by CHE’s intention to buy back stock, but we will need additional clarity on its M&A ambitions (targeting $10–50-million EBITDA candidates). We prefer share repurchases given the current attractive valuation.”

GLTA
SM

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