Incitec Pivot Ltd T.IPL

RE:RE:RE:RE:RE:Activist Investor

[SargeX]

Hey Gas

All is top-shelf these days.

Thanks for the comments and thoughts. I was basically fine with IPL and not happy to see Brookfiled trying to get in on this. I wasn't a fan of doing Heartland on their own but other than that. I've liked the IPL management.

I had planned on holding IPL along with our full positions of ENB, KEY, PPL, and TRP for the long term. I've now trimmed 2700 of our original 6700 shares at an avg of $17.77. I decided that was a good compromise.

We actually now have full positions of every single stock I like so not sure what I'l do with the extra dough. Maybe another early inheritance to the kids??

Take her easy
  Sarge

gashole wrote: Hey Sarge how are you doing? You know what... you might make another couple bucks on this or even lose a few bucks...but long-term keyera, Pembina and Enbridge plus some others are likely going to gain much further I mean you have a potential to get another 8 or $10 or more keyera and up to another $20 a share out of Pembina for example for the sake of holding on to your shares in IPL I would be inclined to move along by selling today put the money into those other plays and ride them out long-term if you see what I'm saying... if this deal doesn't happen the stock might sink four or five dollars but if you're in it for the long haul and don't mind holding perhaps down the road IPL hits $25 all by itself.... I know you don't need my advice but that's just my way of thinking about this, and what I would do.. anyway have a great day Sarge !!

SargeX wrote: My wife & I are long term holders from Mar 2010 and have added along the way. As mentioned, we sold 1150 shares that we bought for $13.18 on Jan 21/21 for $17.53 on Feb 11 when BIP made the first annoucement. We've also trimmed another 1300 shares at an avg of $17.77.

That leaves us with 4250 shares. I think I'd be willing to sell another 250 at $18.30 and another 2000 above $19 and the last 2000 above $20. 

We also own full positions in ENB, KEY, PPL, and TRP so would still have quite a bit invested in midstreamers and all have way higher yields than IPL.

I realize there's a pretty high potential for bigger returns but it might be time for us to move on. We've been in a major cleanup mode lately (for various reasons) with dumping ALA and HR.UN and selling all of our BEP.UN, BPY.UN, and PKI and trimming half of our NPI.

Ciao
  Sarge

mrbb wrote:

i'm sure brookfield had looked into many takeover plans and it seem they took this strategy by choice. Maybe they thought ipl holders are so discontented and wore down that ipl holders would bail at a 30% premium offer. Technically we are still in a covid lockdown phase, so most people are running out of free covid money.   

 

bttmfischer wrote: This hypothesis may be flawed. If  Brookfield( I own BIP as well) really wanted to
acquire IPL, they would want to do it  as economically as possible.
Raising the share price of IPL is not the right way.
Since IPL's board rejected the hostile takeover, Brookfield would have to purchase
enough IPL shares on the open market, to gain control. They could have done it, BEFORE before
the price went up to $17+. But they didn't.
Now the question is, what is it  they are really doing?