Post by
TheBridge on Aug 07, 2021 11:16am
Stymied
Just sharing some of my own thoughts. So Brookfield didn't get the minimum 55% of the share support needed to take IPL over, apparently enough shareholders didn't think the offer reflected a fair takeover price. IPL just reported 133% increase in results quarter over the same quarter last year and they reported another delay of the Heartland Complex along with another cost overrun. Building another polypetrochemical plant now would be financially and competitively almost impossible. PPL quarter results were disappointing as they only matched the same quarter results of last year. As a PPL shareholder, I was disappointed in PPL giving up on IPL as the short term prospects looked good but the long term prospects were excellent as PPL indicated with their proposed dividend increases. And I do understand that other PPL shareholders hold an opinion different than my own. If Brookfield succeeds in the IPL takeover the Heartland Complex should now bring in a King's ransom particularly since it will be the only polypetrochemical plant in Canada with substantial committed customers. Have I covered most of the affairs here?.....likely not, but I'm certain others will offer more opinions here as this episode of the drama has yet to come to conclusion.