Chinese have approached Nufarm about a takeover. Same industries. Many would see IPLs depressed price and think it could be oversold. However, world fertiliser prices have been decimated and there seems to be a glut of product. Will be some time before the supply demand ratio goes bck in their favour. Farmers who have put off fertilising must do it next year however or crops will be decimated. So, maybe 2010 is a turn around.What happened to this one Friday Jumped up 10% on no news.. Is there anything coming out soon or is this just normal movement for IPL..
Poo products seemed to have stabilised from the odd bits that I've read, but I think this initally moved due to the NUF thing, and some investors looking to oversold growth stocks. Breaking $2.80ish looked important, but $3.00 is also. I can't be confident of a new uptrend till that goes. Looks pretty positive though.IPL seeing some steady gains towards $3.00, any news of late? Could it be following AUD up or are fertilizer prices moving?
Any thoughts?
Roll on.
Broke through, tested support, and continued on. Looks pretty positive long term, but the mystical correction could appear at the drop of a hat.Potentially a significant longer term breakout. Has only just gone through $3.00, but looks pretty strong. Market overcooked and looks like it needs a significant rest which could halt the advance. Risk is back in the market and longer term growth stocks have taken some interest, like IPL. Can't see those rediculous prices for poo products reappearing anytime soon, but longer term, could be a nice pick.
Max, You really should know that since you have so much in this one particular stock. World fertiliser prices have been decimated during the economic crisis. Plus, they were in a bubble on top of the bubble at the peak of the boom, so coming back to reality really. Future prices are clouded at the moment. The fertiliser bulls say the world can't go another year without adding significantly to fertiliser usage as crop yields will be significantly effected. I say, if you can't buy the ****, then that's the way it is! Low crop yields and we start eating less crops. Simple.Hi Guys,
I,m new to the forum. I was wondering if anyone knew what is driving IPL price down at the moment. I have a significant stake in this stock and its a bit worrying to see it down at $ 2.82 today. There have been no anouncements for a while.
Max
Thanks for your reply Kennas,
Yes pricing is off but this stock was $ 3.50 last month at its recent peak, low fertiliser prices or not. Recently there has been large selling. Possible 2.80 will be the floor? I'm just not sure why the large selling all of a sudden.
Max
Thats a bit harsh SKC. I was asking about a stock not my investment strategy.
But thankyou for your willingness to contribute and thus I will indulge you.
My average entry price was $ 2.95
The company has incredibly low debt after completing capital raisings.
The share is Known for good dividend return baring the last one.
Fertilizer is a good business with continual demand.
The dividends are 100% franked.
These were my main criteria.
Anyway people got spooked recently or maybe they are shorting?
mAX
The chart points to a potential turnaround in the near timeframe... clear 3 wave retracement having just reached 50% of the last leg of advance.
Max, You really should know that since you have so much in this one particular stock. World fertiliser prices have been decimated during the economic crisis. Plus, they were in a bubble on top of the bubble at the peak of the boom, so coming back to reality really. Future prices are clouded at the moment. The fertiliser bulls say the world can't go another year without adding significantly to fertiliser usage as crop yields will be significantly effected. I say, if you can't buy the ****, then that's the way it is! Low crop yields and we start eating less crops. Simple.
Cheers mate,
Now if you where to explain the above statement to me a little I would really learn something today!
If you would be so kind?
Max
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