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Incitec Pivot Ltd T.IPL


Primary Symbol: ICPVF

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

Comment by SargeXon May 07, 2019 2:07pm
99 Views
Post# 29720827

RE:About this PAYOUT RATIO...............

RE:About this PAYOUT RATIO...............Hey Darb

Many analysts use different metrics for payout ratio. I suspect the discrepancy is using earnings vs adjusted cash flow. The normal metric is ACFFO. RBC Direct Investing has the IPL ACFFO payout ratio at 80%. I usually trust them.

Now having said that, I wouldn't be surprised if IPL did cut. These companies go on saying there's no way they are going to cut and actually keep on raising until all of a sudden, it's a surprise cut and a bunch of blah, blah, blah. (ie - see the lying sack of sh*ts at Altagas).

I'm long IPL and will continue to hold even through a cut because of Heartland and other future stuff.

Ciao
  Sarge

darb wrote: ...........how can there be such an extreme discrepancy between 65% and 125% payouts?

Is one basing the payout on earnings AFTER the dividend is paid and the other BEFORE the dividend is paid?

That's the only answer I can come up with. Can someone help me out here.


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