Incitec Pivot Ltd T.IPL

RE:RE:RE:IPL offer

[firstworld]

PPL walked from there petchem taking $1.5 BN loss. Heartland is worth $0.25 on the dollar at best until it's operating flawlessly at 90% or better for 6 mths min. National Infrastructure Fund since 2015 is a failure except kicking back to politicians can't believe Brookfield, a tier 1 player who never invests in startups lime Heratland got dragged into the mud and sludge bottom feeding IPL. It's a comedy and the international community where tiny Brookfield like to sway like a big fish to everyone's entertainment will never be taken seriously after this, except for the fact they are abpaid proxy for Nationalization via infrastructure fund. They will walk away sooner than later.

sclarda wrote: Pablo La imbecile wrote

Something smells. The $16.50 "offer" makes no sense.. thou doth protest too much. Neither does the $24 ask does. If they firesale Heartland TODAY for $1.5B ie take a $2B loss?, and Danish terminals for $500M, the debt goes to ~$5M. Between corporate costs ($200M), interest ($150M) and capex ($100M), we are left with net cashflow of $550M or $1.30 a share which is a yield of 5.5% at a $24 SP. Anything above $1.5B is gravy ( hello $5 special dividend ) You could then fire the BoD and management to actually continuously improve the business instead of riverboat gamble with people's income. By the way, income from core biz in 2020-21 ~ 2016.

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   Hey Pablo. Sounds like you may have spent a little to much time out in the sun and your little brain overheated and melted down and all that comes out of it now is a bunch of mumbo jumbo b.s.

Either that or more likely you were a fool to begin with.