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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 > Back to Business
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Comment by pablo87on Apr 01, 2020 1:27pm
155 Views
Post# 30868991

RE:RE:RE:RE:RE:RE:RE:RE:Back to Business

RE:RE:RE:RE:RE:RE:RE:RE:Back to BusinessSclarda, I don't disagree with what you are saying although the offer wasn't firm and management basically ignored them..  However, this is not what long term shareholders were sold on and bought. The company bet the farm on Heartland except nobody told the farmer they were going to do that.

The thing is...which RBC alluded to, there could be cost overruns - there is a reason Pembina and their partner signed a firm fixed price construction contract...Think about it, if they cut the dividend to fund the equity portion of Heartland, why are they looking for a partner then? Company has provided no details as to where they are at exactly and as we all know, the devil is in the details.

So IMO, the company is absolutely not out of the woods with Heartland. They financially took on more than they could chew in a business they've never been in before, what could go wrong? A lot.

If they get a reasonable offer to sell half or all of the project (and related assets they acquired prior to), they should absolutely take it IF they care about long term shareholders.
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