It was only a few months ago when there was a bunch of stocks racing toward the $100 mark. RIO and IPL made it while MQG and COH have nosedived.
Now, incredibly, IPL is racing toward $200. What an amazing run up from 3 years ago when it was chugging along around $10. Would have like to have been an initial investor back then.
I suppose the question is, can it keep going? Just how high can it's poo products run up before the equation topples over?
Woohoo Patience IS a virtue!! Happy to see it still climbing up. Glad I stuck it out. Was worried for a while there. But yeah it does beg the question, will it keep its upward climb? And if so, for how long? I have no stop on it as I am trying to keep it for at least 12 months, thats til December then. Prefer the tax man not to get more than his fair share of the profits. So here's hoping it will still be high in a few months time. In the past twelve months it started off at $40something and is now $170something.
Ahh I still love this share!Whats there not to love about it!! :
Hi do you reckon IPL has peaked?
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 401.6 990.8 1,110.5 1,016.9
DPS 300.0 715.0 773.0 665.0
thx
MS
It was only a few months ago when there was a bunch of stocks racing toward the $100 mark. RIO and IPL made it while MQG and COH have nosedived.
Now, incredibly, IPL is racing toward $200. What an amazing run up from 3 years ago when it was chugging along around $10. Would have like to have been an initial investor back then.
I suppose the question is, can it keep going? Just how high can it's poo products run up before the equation topples over?
Yeah amazing to see how the most expensive stock on the ASX is an Agri stock, not Oil, not Iron Ore but Agri, it makes sense really,
I mean although we think the world can't survive without Oil ie it is the life blood of civilization, the truth is food, water and fresh air are the life blood of civilization, so it makes sense that the most valuable commodity should really be food
Yeah amazing to see how the most expensive stock on the ASX is an Agri stock, not Oil, not Iron Ore but Agri, it makes sense really,
I mean although we think the world can't survive without Oil ie it is the life blood of civilization, the truth is food, water and fresh air are the life blood of civilization, so it makes sense that the most valuable commodity should really be food
It seems so obvious now, so ridiculously obvious that the Chindia boom would flow into food and Agri products but thats hindsight I guess
Business Description
Incitec Pivot Limited (IPL) is Australias largest supplier of fertilizers. IPL is involved in the manufacture, distribution and sale of fertilisers with manufacturing facilities in Qld, Vic and NSW and distribution networks nationally.
Company Strategy
IPL supplies more than 50% of Australias agricultural plant nutrient needs, underpinning its position as a low-cost supplier. It supplies to farmers via retail channels (independent and corporate dealers and agents) and direct to farmer. After exploiting merger synergies from the 2003 merger between Incitec Fertilizers and Pivot in response to increased competition in the fertiliser market, IPL commenced a restructure process in June 2005. This reduced annual costs by $25m by reducing management and administration costs and optimising asset utilisation, while also strengthening customer service. Growth is also targeted through broadening the product and services offering (liquid fertilisers, finance), geographic expansion (domestic and regional) and by participating in agribusiness consolidation. Orica sold its 70% of IPL in May 2006. IPL bought Southern Cross Fertilisers from BHP in August 2006. It acquired 13% of Dyno Nobel in August 2007. Incitec Pivot reported statutory NPAT of $57.15m for the half-year ended 31 March 2007. The result includes individually material items totalling $7.6m after tax. Revenues from ordinary activities were $543.6m, up 37% from last year. Diluted EPS was 113 cents compared to 17 cents last year. Net operating cash flow was $(53.2m) compared to $(66.9m) last year. The interim dividend was fully franked at 69 cents, compared with 22 cents last year.
Narsty very fast $3 drop just before 11 am today, and overall a $5 drop since just after the open.
Anyone have any clues why such a sharp fall??
Cheers
Tear it up/ignore it. Believe it or not, there are some people who actually do respond positively to this practice. Perhaps they have inherited the shares, don't usually follow the market, and have no idea of the current price.Today I received an ofer from Australian Share Purchasing Corp (ASPC) to buy my shares at $100 each even tho they stated that the market value of each share at the time was $188.36.
Pray tell why would I want to sell my shares at that price... at half price? Are they crazy or am I missing something here?
Can anyone shed some light regarding this? Would anyone in their right mind sell their shares at half price? What are the benefits in that?
If you look at Announcements for IPL you will see a notice from them mentioning this mail out.
Today I received an ofer from Australian Share Purchasing Corp (ASPC) to buy my shares at $100 each even tho they stated that the market value of each share at the time was $188.36.
Pray tell why would I want to sell my shares at that price... at half price? Are they crazy or am I missing something here?
Can anyone shed some light regarding this? Would anyone in their right mind sell their shares at half price? What are the benefits in that?
With IPL's acquisition of DXL, it would create a CGT event. Does anyone know in this particular situation, what the cost base of IPL for CGT calculations for DXL holders?
They've got a class ruling out CR 2008/38, doesn't really spell out what the cost base of IPL is.
Any help to get a better idea of the calculations would be greatly appreciated.
Thanks
PS I cant believe that a share register is a public document that one can buy to obtain details of shareholders
I think it's just the way the stock trades , can do the opposite too , open sharply up and drift back .
I would just try to stay in sync with it at this stage , be alert to the volumes going through and the technicals at this stage .
Tapping on $200's door means we're playing poker with the big boys now .
I must admit that when I see a share I'm holding achieve a price that has me explete HFS ...... I tend to lighten the load a little and lock some profit away .
DXL was the latest to attain that , but then again I've done it with OSH before twice ........ and the price kept going , I just don't have the time to look back and wince , it breaks the concentration .
Date: 6/6/2008
Author: Peter Wells
Source: The Australian Financial Review --- Page: 31
Australian stocks with exposure to the agribusiness sector have performedstrongly in 2008. This is exemplified by the stellar performance of IncitecPivot, which peaked at around $A196 in early June 2008. In contrast, thefertiliser group's stock was trading at around $A60 in mid-2007.Agribusiness stocks have benefited from the boom in the price of softcommodities, and analysts say that structural changes in the agriculturalindustry will make the sector increasingly attractive to investors
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