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 > The opinion of an IPL shareholder

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Comment by Quintessential1on Jul 13, 2021 4:06pm

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Post# 33537048

RE:RE:RE:The opinion of an IPL shareholder

I wholeheartedly agree. IPL is worth more to IPL shareholders on its own than with either offerer.

writer21 wrote:
Thank you for your comment bttmfisher.

Regarding the appeal by BIPC, you are right, it is uncertain if not unlikely that BIPC will appeal. But there will certainly be a reaction from BIPC, in addition to extending its offer.

Even if HPC's expected earnings were overestimated by 50%, they should still help boost IPL's cash flows. And even at 50% of the forecast, IPL's earnings should allow for a much higher dividend than that proposed by PPL.

Why do I intervene now?

IPL is only one of my investments. I intervene only when necessary. I currently perceive that there is a deviation from the debate to present an obligation to sell IPL to a third company, in this case BIPC or PPL. This is wrong.

IPL is an autonomous company by itself. And the HPC project will soon be completed.

The rejection of the current offers from PPL and BIPC does not necessarily mean the end of the discussions. PPL and BIPC understand the value of IPL. Let's hope that IPL's shareholders understand it as well.

Best regards.