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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.


OTCPK:ICPVF - Post by User

Incitec Pivot Ltd > nice march higher
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Comment by Maxmoeon Mar 29, 2021 1:22pm
215 Views
Post# 32899098

RE:RE:RE:RE:RE:RE:RE:nice march higher

RE:RE:RE:RE:RE:RE:RE:nice march higherI'm being nit picky I know but when you say "the implied premium is a lot less", maybe you don't get the math? There is 0 premium, in fact, the bid is at a DISCOUNT to the market price. Every single share that has traded since their bid has been above the lowball bid. Every share will vote no.  
bbwibone wrote: $17.21 blended bid price vs $17.94 share market price is showing you the implied premium to the $16.25 notional bid is actually quite a lot less than it appears. Market is pricing in a slightly increased bid from BIPC for IPL, enough to win the vote, and no white knights. PPL is not going to bid, and the fact that this is oil infrastructure is going to remove most others from consideration. The remaining will not be so interested in competing against Brookfield. I believe this gets done under or at $20 at best. Holding my shares still, but I believe BIPC will likely get their votes at far less than what IPL's board believes.


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