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 > IPL

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Comment by Maxmoeon Feb 11, 2021 11:12pm

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Post# 32549120

RE:RE:RE:RE:RE:RE:IPL

Speaking of fun with numbers , here's a couple questions that will make the boys at bip squirm or get me beat up in a dark alley. Maybe if there weren't so many fingers and arms up to their elbows in their deals skimming off performance fees, bonuses, stock awards, etc,etc,etc. Brookfield stock wouldn't trade at such a discount. It's not a discount if mgmt and board members will be the disproportionate beneficiaries of that asset value compared to shareholders. For shiggles boys, why don't you explain how you became mega multi millionaires and a billionaire at Brookfield? How much of your own money did you actually cut a cheque for when you started? How do you justify billions of dollars of shareholders money going to you? How many billions have gone to all the "partners" over the last say 10 years? Hmmm. It's way more fun if you're on the inside than the outside.

Dementedaccount wrote:

sclarda wrote: Dementedaccount wrote

Numbers do not work...$5.7 billion not realistic for a sale as you say....also there is $7 billion in debt...to get $6.5 billion for the equity you are saying enterprise value is $13.5 billion in sale of those remaining assets so you are implying the balance of the assets sell for 20 times EBITDA..
not realistic.

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A couple years ago Li Kia Shing offered $30 per share for IPL. $30 x 430 million shares = $12.9 billion for the shares plus taking on the $7 billion debt which adds up to $19.9 billion.

Seeing as he has a net worth of $36 billion US last time i looked he may be a bit better at evaluating a company like IPLs worth than yourself.

good one classic diversion....your numbers still do not make sense...you are confusing cash flow and EBITDA...your $650 cash flow is Wrong....it is $650 EBITDA you were quoting above then all of a sudden converted it into cash flow and said it was equal...it is not..LOL

also what someone offered 2 years ago is irrelevant now...we all hope for a higher offer..

still does not change the fact that you are now deflecting and your numbers make no sense..LOL