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 > I want to apologize as I was wrong!

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Comment by Dementedaccounton Mar 04, 2021 3:36pm

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Post# 32717635

RE:RE:RE:I want to apologize as I was wrong!

LOL...SAVAGE!!!

RedDeerPlow wrote:

Kherson wrote:

Kherson wrote: I apologize to anyone and everyone who reads my comments on Stockhouse! I predicted that Chemtrade's 2020 Distributable cash would be $70 million and the Distributions paid would have been $67 million. I was wrong!
As we now know, the Distributable cash was actually $59 million and the Distributions paid were $66.6 million which gives a payout ratio of 113%!
I now wish that I owned some units in Chemtrade! lol...
Kherson

When you have a payout ratio of over 100%, you gotta find new money somewheres, hence the equity issue!
Anyway u slice this, distributable cash will have to raise by $500,000 a month just to cover the increased distribution requirement and we know that ain't gonna happen soon!
Kherson

Kherson, are you not the guy who used all his investment skills and bought Poseidon concepts at $25.00 because it was "the buy of a lifetime" ?