Incitec Pivot Ltd T.IPL

RE:Uncleblackie

[mrbb]

trevorjplows wrote: In my opinion there is absolutely no chance of a dividend cut. Mgmt has consistently raised the dividend for years and i think they consider it sacred and are product of their consistent performance. Heartland is more than halfway there and on time and on budget. Mgmt was fully aware of the costs going into this project and also funded other iniatives at the same time. You are correct that the viking viknector will generate more ebitda and a possible sale of the european storage usiness will give them enough dry powder going forward. Just my take and i am addingto my alreadyfull position. Regards trevor

ditto. With current pessimism in the oil/gas sector and high unemployment, the market fear of cost overrun and project delay is overblown.