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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 > Undervalued and underwhelmed
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Comment by roberto146on Jun 05, 2021 1:06pm
202 Views
Post# 33336142

RE:RE:RE:RE:RE:RE:RE:RE:RE:Undervalued and underwhelmed

RE:RE:RE:RE:RE:RE:RE:RE:RE:Undervalued and underwhelmed"Try to sell just 20,000 shares at 19.31 and see what happens."

Volume at the close was 590,000 at 20.31. Other than odd-lots, there must have big-block orders in the MOC when 25% of the day's volume trades at MOC, and at close to the high for the day.
Consider there are often iceberg orders, with only a few shares visible so as to less affect the price. On some stocks, no matter what was shown on the bid, and on level II, I could always sell large numbers instantly. But you have to know trading patterns for the stock. IPL probably has large iceberg orders because of the accumulation by BIPC or perhaps some other bidder because IPL is in play.
Also, at any time, and dependent on volume patterns during the day, placing large block sells may be inadvisable as it can affect the price instantly, as I found out a long time ago.
Break it into smaller quantities; it only costs a few bucks extra.

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