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IPL, INCITEC PIVOT LIMITED
mullokintyre
post Posted: Sep 21 2020, 11:52 AM
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Added some more IPL today.
The fertiliser side of the business should do pretty well this year, and the explosives side seems to be quietly ticking long.
The only worry is that the recent interest in Ammonia as a feedstock for Hydrogen production might have an impact on prices, although according to ICIS, Ammonia went into oversupply during the last quarter of 2019. The recent slowdown in world trade has also dampened demand for Ammonia.
If the feedstock prices do increase, I at least have shares in WES which owns one of only two plants that produces Ammonia in WA.
Mick



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mullokintyre
post Posted: Aug 27 2020, 04:03 PM
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Ya gotta love those experts. Pick almost any stock and you can find people at either end of the spectrum.
CITI released a statement that cut the forecast price for IPL from2.43 to 2.40. Big deal, it changes more than that intraday.
Within a couple of days, Morgan Stanley released its statement where it upgraded the price of IPL from 2.00 to 2.25.
They must take it inturns to load up on a stock then spruik the price to fleece the sheep.
Mick



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early birds
post Posted: Aug 10 2020, 09:29 AM
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https://www.sharecafe.com.au/2020/08/05/inc...the-challenges/

The company did not provide formal guidance but has outlined a new cost reduction plan in response to the pandemic, with savings of -$60m to be delivered incrementally over FY20-22. Yet details are limited on specific sources of benefit and, as end markets remain difficult, Morgan Stanley is one broker that remains to be convinced whether this will impact the bottom line.

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cost saving of 60mil ---it is good for biz but what about safety?? unsure.gif



 
nipper
post Posted: Aug 5 2020, 06:21 PM
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In Reply To: early birds's post @ Aug 5 2020, 10:42 AM

Some overview on IPL here:

https://www.sharecafe.com.au/2020/08/05/inc...the-challenges/



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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early birds
post Posted: Aug 5 2020, 10:42 AM
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In Reply To: mullokintyre's post @ Aug 5 2020, 10:34 AM

been watch this stock from time to time, think it has some kinda "defensive" nature.

haven't torch it yet, as my hands are tight atm.

hope you can dig it out more thing to feed us!! thanks! smile.gif



 
mullokintyre
post Posted: Aug 5 2020, 10:34 AM
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expecting a good result from IPL.
Been some keen buying last week or so, so somebody must be in the know.
Mick



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Featured Stock Stories





blacksheep
post Posted: Sep 2 2019, 10:39 AM
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Revised Guidance and Strategic Review announced today - SP down 1.4% @ $2.78/share

QUOTE
Revised FY19 Earnings Guidance
2 September 2019
This release provides an update on Incitec Pivot Limited’s (ASX:IPL) FY19 earnings
guidance.

IPL’s FY19 guidance, as issued in May 2019, was $370 million to $415 million Earnings
Before Interest and Tax (EBIT),
based on disclosed forward commodity price and foreign
exchange assumptions at that time. EBIT sensitivities to those factors were also provided.
Applying the publicly available actual pricing and foreign exchange rates lowers the FY19
EBIT range to between $321 million and $366 million.1

Following a reassessment of earnings estimates at the end of August, it is currently
estimated that the actual FY19 EBIT will be below this range, mainly due to lower than
forecast ammonia production at Waggaman and lower Fertilisers earnings mainly as a result
of continued drought impacts in New South Wales and Queensland and increased gas costs
at Gibson Island.

As a result of the foregoing, the revised EBIT range for FY19 is estimated to be
approximately $285 million to $295 million
.2

This range excludes approximately $20 million

of one-off items (potential insurance proceeds in respect of the rail outage at Phosphate Hill
and a sale of surplus land in the U.S.), which, if they materialise, could fall into either the
FY19 or FY20 year.

Previous interest expense guidance of $145 million remains unchanged, while the effective
tax rate is likely to be lower at approximately 5%, as a result of the financial impact of the
adverse events during the year.

Further details will be provided in IPL’s FY19 Full Year Results in November 2019.


Total short positions as at 26th August, 2019 = 0.59%
https://www.shortman.com.au/stock?q=ipl
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 16 2019, 11:20 PM
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Ooops!

Mystery $15m Iran shipment exposes Australian-owned firm to sanctions threat
QUOTE
Exclusive: shipping records and leaked video show subsidiary of multinational Incitec Pivot reloaded cargo from Iran, which is subject to stringent US sanctions

https://www.theguardian.com/business/2019/a...re_iOSApp_Other



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 5 2019, 10:58 PM
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Fertiliser company convicted over bayside toxic sludge debacle
A fertiliser company has been convicted and fined $120,000 for allowing toxic sludge to flow into Geelong's Corio Bay and contaminate tonnes of seabed and soil.
QUOTE
Incitec Pivot Limited pleaded guilty in the Geelong Magistrates Court on Monday to four counts of breaching the Environment Protection Act after two incidents in 2017 that saw toxic and highly corrosive sludge bubble through old pipes.

The court heard the City of Greater Geelong was forced to remove 9.6 tonnes of soil after the sludge was found in the carpark of the North Shore Fishing Platform on May 24, 2017.

It was initially thought the sludge had been illegally dumped, until Incitec discovered through another incident less than a month later that it was bubbling through a former seawater cooling system it thought had been decommissioned.

Incitec, based in Geelong, was also required to remove soil and seabed from the affected areas following the Environment Protection Authority investigation.

https://www.theage.com.au/national/victoria...805-p52e3d.html
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mcart117
post Posted: Jan 13 2014, 02:59 PM
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Some positive movement recently:



I've put lots of lines in to reflect my own confusion. Totally confused ATM. Lost momentum/confidence. Recently wiped out 9 months winnings on an oil company in 9 days. Have held IP for 5 years, but inclined to sell because I've come to believe greed is less good than cash. sad.gif

 
 


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