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

Alternate Symbol(s): CGIFF | T.CHE.DB.F | T.CHE.DB.G | 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 > Good uptick

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Post by toppgunn on Apr 27, 2021 5:30pm

Good uptick

A good uptick today and trend upwards appears to continue. Strongly believe prices for their raw products i.e. caustic to start showing some positives from 1st quarter onwards as chemical industries have been a benefactor as of late. The recent public placement at 70 million dollars or around 10.5 million units to add extra money to the coffers. I was not totally in agreement with this placement but fortunately was financed as 7.15 dollars instead of 4 dollars when some troubles occured at that range. Chemtrade should start to trend towards to 10 dollars and in agreement with many of the analysts with their targets. With that said, Chemtrade should stick with their .05 monthly dividend for the next couple of years until their financial health is in good shape then crank the taps open to .10 monthly.

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Comment by Kherson on Apr 27, 2021 9:13pm

Let's all be honest for once topgunn! You and I both know that Chemtrade will never be increasing the distribution. They simply now have too much debt! Kherson

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