Incitec Pivot Ltd T.IPL

Primary Symbol: ICPVF

Chemicals Basic Materials

Incitec Pivot Limited is an Australia-based manufacturer and supplier to the resources and agricultural sectors. Its segments include Asia Pacific and Americas. Asia Pacific segment includes Fertilisers Asia Pacific (Fertilisers APAC) and Dyno Nobel Asia Pacific (DNAP). Fertilisers APAC manufactures and sells fertilizers in Eastern Australia and the export market. It also manufactures, imports and sells industrial chemicals to the agricultural sector and other specialist industries. DNAP manufactures and sells industrial explosives and related products and services to the mining industry in the Asia Pacific region, Turkey and France. Americas segment includes Dyno Nobel Americas, which manufactures and sells industrial explosives and related products and services to the mining, quarrying and construction industries in the Americas (Canada, Mexico and Chile) and initiating systems to businesses in Australia, Turkey and South Africa. It also manufactures and sells industrial chemicals.

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Incitec Pivot Ltd > Phone Call with IPL Investor Relations

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Comment by Sadie222on Mar 19, 2020 3:05am

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Post# 30824947

RE:RE:RE:RE: Phone Call with IPL Investor Relations

Well, a DRIP isn't something you turn on and off like a lightbulb. It's already in place. They don't have to "go" anywhere. Interest rates come and go.
If they want to spend the DRIP money on Hearland or something else, it's coming out of the same pot and makes no difference.

mrbb wrote:
with low interest rate borrowing, i can't see why management want to go the equity dilution route.

BullsonParades wrote: If they intend to pay for Heartland via share dilution, that would be the opposite of what they told me today. Instead, they told me they would pay the remaining with the credit line (which is essentially unused at this point) to the tune of $900M and then float a bond. I asked about share dilution and they again pointed to the credit line.