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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s):  CGIFF | T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

Chemicals Basic Materials
Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.


TSX:CHE.DB.E - Post by User

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > Scotia's Take
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Comment by Khersonon Feb 04, 2021 11:48pm
195 Views
Post# 32481135

RE:Scotia's Take

RE:Scotia's Take
GregC24 wrote: OUR TAKE: Mixed. We have reduced our target price to $7, with more downside than upside risk. Why: (1) leverage remains high and is likely to climb, although recent covenant relief measures may ease investor concerns; (2) CHE expects no meaningful improvement in the caustic market for the balance of the year; (3) while the stock is trading at discount multiple of 7x to its five-year average of 8x, we think non-COVID factors have proven why the forward multiple should be 1 to 2 turns lower (we use 6.5x). HCl and regen services remain a particular concern, while the water business continues to perform well. We remain a Sector Perform until we have better visibility as to how the portfolio performs over the next 12 to 18 months.


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