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 > For All You that Were Berating Us For Selling

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Comment by SargeXon Jul 26, 2021 3:06pm

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Post# 33605307

RE:RE:RE:For All You that Were Berating Us For Selling

Hey Dean

Congrats on the larger profits. We originally got in at $12.13 in Mar, 2020 but had added along the way so our average purchase price ended up at $18.09. Sill made decent dough mainly because of all those great divys before the big 72% cut.

It should have been better with better management but in the end, we'll call it a win and move on.

Even though all the midstreamers we own (ENB, KEY, PPL, TRP) have done incredibly well YTD, I'm still expecting some additional good returns for the rest of the year.

Take her easy
Sarge

DeanEdmonton wrote: Good to hear from your Sarge. I knew you had followed a similar startegy so you will be a happy camper too. IPL does not have the strongest management and board, they got massively out manouvered by Brookfield and PPl. I don't think they were trying to screw shareholders, just had no ability to stop it from happening. All in however, at least they got tthe price up from 16.50 to 20 bucks and change, all for the cost of a 350 million breakfee, which all in isn't too bad at all given the lousy hand they were holding. I made some real good money on IPL having bought in around 11 bucks, so no reason to complain. Stay well.

SargeX wrote: Hey Dean

Excellent work. We did a similar thing selling all our IPL between $19.10-20.25 (after holding for 11 years so made some decent dough, mostly on divys) and just spread the cash around to some of our existing holdings. We already had a full position of PPL before that so didn't add to it.

I was definitely pleased as punch to see the news this morning. It's the outcome I was hoping for as I didn't really like PPL taking on all the IPL debt and I figured there'd be some additional drama to come. I also love PPL getting the break fee.

Now I'm really just a spectator but am very interested to see how things pan out. In the end, I still think Bayle is a total toolkit and that the board scr*wed the shareholders big time starting with doing Heartland without a partner.

Take her easy
Sarge

DeanEdmonton wrote: I got out of PPL for 20.25-21 over the past while and bought PPL at 37-38.50 and some Freehold at 8.00-8.50 with the money. Seeing this today, REALLY glad I bailed as the two stocks I rotated into pay better dividends, and their Share Prices are rising. Like I said quite a while ago, make moves based on the "range" of possible outcoems, not the one you would like it to be. Thanks to Brookfield and PPL for getting the IPL share price up into the 20 dollar range.