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.

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Incitec Pivot Ltd > IPL asking price-24$

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Comment by Dementedaccounton Feb 25, 2021 8:01am

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Post# 32655900

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:IPL asking price-24$

Just an FYI the total return swap can be structured where the underlying is delivered...normally the way TRS are done is the client will go to a Bank and enter into a swap for the underlying stock....the bank will accumulate the stock and add them to the pay leg of the swap...the buyer will pay an interest rate on the value of the underlying stock....some bank out there has 9.9% of IPL on its balance sheet...if they did not who ever wrote the short leg of the swap would have had an instant loss on the day the deal hit the news...GLTA

FreddieMac wrote:

I think you are genuinely confused as to how a total return swap operates. It is not issued by the underlying company (in this case IPL) and there is nothing to convert into underlying equity of IPL. It is simply a form of agreement made by two parties about the financial performance of a third asset (in this case IPL stock). It is not like a warrant or option ISSUED BY IPL which could, conceivably, get converted to IPL common stock. A swap can not ever be converted to common shares because that is not how they are structured. That is what put and call options and warrants are for.

So by your interpretation the OSC should be treating BIP as an insider or reporting insider. So I guess the fact that BIP's ownership of IPL stopped just shy of 10% is just a happy coincidence and not prudent planning by BIP's legal counsel.

It appears clear that you want things to be a certain way, facts or the law be damned. You're entitled to your own opinion, but not your own set of facts.

Maxmoe wrote: Blah,blah,blah. Are you going to cry now? As I said, you're full of it and you bore me. No I'm not going to law clerk for you. There are plenty of precedents for the partial dilution I referred to whereby you have to not only add up the warrants,options,convertibles,swaps etc,etc, but for the purposes of calculating the 10% you must assume only you convert whatever instruments you have into common and nobody else does. No I'm not going to search the act to find it, I know it to be a fact because I have witnessed it and got in sh!t for it once.Turns out the osc was pretty adamant that I needed to report. I plead ignorance and got off with an official warning sent my board of directors governance committee. I'm done, if you still can't process this than we'll just have to wait and see if the osc ever gets around to this.