Incitec Pivot Ltd T.IPL

Primary Symbol: ICPVF

Chemicals Specialty Chemicals

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 > Hang In There

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Comment by SargeXon May 28, 2021 12:56pm

216 Views

Post# 33286785

RE:RE:RE:Hang In There

Hey Max

My wife & I do still have a minor position in IPL with 2200 shares. I'm quite happy to have reduced our original position by 67% (sold 4500 of 6700) as we do have full positions in ENB, KEY, PPL, and TRP, all of which I like more than IPL.

I've actually decided that even if IPL gets creamed, I'm not going to re-buy any, Also, if it gets to around $22 at some point, I will consider selling the last 2200 and moving on to something with a higher yield.

Ciao
Sarge

Maxmoe wrote: Yeah, I read that opposing view report you are quoting as well. Which bank owned Brookfield buddy was it? I don't believe it for one second. A lot has changed since that bid was made 4 months ago. Ipl reported decent year end and Q1 results. Steady progress at heartland, a big cheque from alberta and "only" 60% of production pre sold at long term contracts. Remember all the oil producers that hedged more than 50% of production for 2020 first chance they could to lock in some positive free cash flow? Yup, they were and are screamed at for not getting full spot prices. Well Ipl gets whining for not locking in 100%? So, some patsy shill report designed to cause doubt about holding and saying no doesn't worry me in the least. If bip had never bid we'd be at this price right now anyway. In fact, to me, Ipl is trading as if the bip bid doesn't exist already. Sorry sarge, I don't think you're going to buy it back at 14 or whatever the plan was. Could it drop a buck? Of course. Every pipe stock could drop a buck tomorrow. Trp,ppl,and enb are all close to pre covid levels and 52w highs. So is IPL. It's not out of line at all.

SargeX wrote: I actually think that once the Brookfield offer expires, IPL is headed downwards in the short term. It won't recover until heartland is up & running and debugged.

TheBridge wrote: Elias Foscolos of Industrial Alliance Securities has just come out with a buy rating for IPL and a target price of $19.50. Once we get rid of the Brookfeild scab we'll be on our way up.