IPL - Incitec Pivot

[gav]

Julia, I grew up on a dairy farm and know the affects of drought. I believe IPL has been over-sold, and will bounce back somewhat. If it bounces back relatively fast, I will sell for a quick profit. If not, I am prepared to hold.

Well I was prepared to hold, but after just one week im a bees d**k away from hitting my stop loss. I set it at 20% because I thought I needed to have a bit of room considering the volatility of the market lately. Cant believe its only taken a week I havent used a stop loss before, and on average (on other buys) I'm down 45%. If I'd used stop losses on my other buys I would have sold out of everything and would be down significantly less. Although knowing my luck it'll bounce as soon as I sell. What to do....

Also, Commsec still havent taken the money out of my account (i bought last Monday on close). I thought it was T+3

 

[gav]

Well I got out. Stopped at 4.25. If you fail to plan then you plan to fail. Ive learnt my lesson from not using stops. And as much as I did not want to, I sold.

 

[tcoates]

Gav,

Well at least you did what you had to do?!?

...not sure whether you had purchased it as a trade or as an long(er) term investment.

and I can still see it going back down to 3.88 (monthly pivot) before possibly turning around. Does not mean it will turn around. Could even go 3.48 (eek).

for me... I had only dipped my toes into the shallow waters. the stock will reside in the bottom drawer.

Tim

 

[gav]

Tim, I when I bought it had dropped significantly in a short time, and I was hoping for a bounce and maybe a quick 10% profit. In the past it had dropped to $120 (before the split) and bounced back pretty quickly. I was prepared to hold medium-long term if the SP didnt move much, but with a 20% loss in just one week I had to cut my losses. I have made the mistake of not using a stop loss in the past and am down nearly 50% in one of my others.

May not have been the greatest plan, but at least I had the discipline to stick to it. This market is not kind to newbies!

 

[cruise61]

This will be an interesting week for IPL ,see if they bounce back>

They seem to be a strong company with with massive increase in there atp

Forecast is strong which paves the way for good buy in time.

Lets see:0)

Roll on Tuesday let the ride continue

 

[Sean K]

This will be an interesting week for IPL ,see if they bounce back>

They seem to be a strong company with with massive increase in there atp

Forecast is strong which paves the way for good buy in time.

Lets see:0)

Roll on Tuesday let the ride continue

Why are they a strong company cruise?

What forecast are you talking about cruise? As in profit, or distribution to shareholders?

Good buy in time? Can you please read the code of conduct for the site, we can not give buy or sell recommendations here.

Cheers,
kennas

 

[cruise61]

Wonder what perpetual are up too ?
Anyone shed some light

Bit of a rise to today whats to come?

 

[DionM]

Wonder what perpetual are up too ?
Anyone shed some light

Bit of a rise to today whats to come?

Could be redemptions from members. People panicking, cashing in. PPT forced to sell?

I see AXA also took a bigger position recently.

I am sitting on the sidelines, waiting and watching. The dividend announcement will give some good indication, I think, as to the health of IPL. It is looking quite sick at present being so far off it's highs, thought the high $3 range / low $4 seems to be a good area of support.

 

[cruise61]

Could be redemptions from members. People panicking, cashing in. PPT forced to sell?

I see AXA also took a bigger position recently.

I am sitting on the sidelines, waiting and watching. The dividend announcement will give some good indication, I think, as to the health of IPL. It is looking quite sick at present being so far off it's highs, thought the high $3 range / low $4 seems to be a good area of support.

Nice rise today 11.24%

Maybe because div release is close ?? Or just in line with market recovery?
Either way on the up and thats where we like it

If rise continues may be a good time to increase portfolio

Hard to see them not having a good year again

 

[Julia]

Hard to see them not having a good year again

Why do you say this? i.e. can you list the reasons you believe the company will do well, and presumably the SP rise.

 

[cruise61]

Why do you say this? i.e. can you list the reasons you believe the company will do well, and presumably the SP rise.

SP rise is only part of the big picture.

Ammonium nitrate has more than trippled in price in the last 12 months.

Demand for ammonium nitrate exceeds availabilty.

Since IPL aquired Dyna Nobel they have approved the 935mil building of the plant at Moranabah to keep up with forcast demands for ammonium nitrate which will be funded internally.

They have strengthened themselves financially with there 1.6 billion 3 yr bank facility.

Lets face fact they have 65% of the market

One of there main products ammonium nitrate/phospate has trippled in price

There NPAT for 08 was 33.4% greater than 07 and increasing.

I could go on but thats enuff for me ,i will let you do some research :0)

Hope you did well today and watch out for big brother hes watching us all expecially on the net

 

[Julia]

SP rise is only part of the big picture.

I imagine the purpose of your buying shares is to make money.

I could go on but thats enuff for me ,i will let you do some research

I've taken my profit from this and sold when it started falling several months ago. My post was just an attempt to get you to back up your vague comment.

 

[cruise61]

I imagine the purpose of your buying shares is to make money.


I've taken my profit from this and sold when it started falling several months ago. My post was just an attempt to get you to back up your vague comment.

Yes i know thats cool ,im glad you did well with IPL

Will be interesting to see div next month and forcast

Ahh make money thats the part im missing at the moment but i doubt im alone at the moment

cheers

 

[DowJones]

I remember when this stock astonishing broke the $200 per share barrier and I believe that was this year. With the share split (which should have added liquidity to the stock) it would be $10.00 - but the share proce has dropped to $3.xx.

Besides the GFC, is there any fundamental change to the stock?
I believe RP and fertilizer hasnt change that much and company is doing a roaring trade.

What are some of your opinions on this stock going forward?

 

[Lukeyz]

Just wondering what % of IPL production gets exported? Just trying to work out if Low AUD is good or bad for IPL.

Cheers Luke

 

[Reealjrd]

Tim, I when I bought it had dropped significantly in a short time, and I was hoping for a bounce and maybe a quick 10% profit. In the past it had dropped to $120 (before the split) and bounced back pretty quickly. I was prepared to hold medium-long term if the SP didnt move much, but with a 20% loss in just one week I had to cut my losses. I have made the mistake of not using a stop loss in the past and am down nearly 50% in one of my others.

May not have been the greatest plan, but at least I had the discipline to stick to it. This market is not kind to newbies!

Hello gav,

Stop loss a very important tool to lock your profits and cut off your losses. Always use your stop loss while trading.

 

[Miner]

I remember when this stock astonishing broke the $200 per share barrier and I believe that was this year. With the share split (which should have added liquidity to the stock) it would be $10.00 - but the share proce has dropped to $3.xx.

Besides the GFC, is there any fundamental change to the stock?
I believe RP and fertilizer hasnt change that much and company is doing a roaring trade.

What are some of your opinions on this stock going forward?

Just for your information IPL got splitted into smaller segments so the $200 actually did not come down to $3.

 

[gav]

Hello gav,

Stop loss a very important tool to lock your profits and cut off your losses. Always use your stop loss while trading.

Reealjrd,

Yes you are right, and I'd be sitting on an even bigger loss right now if I didnt use a stop loss...

 

[Rastan]

trading halt - tue 11/11 - no real details given....

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[tcoates]

google

"incitec pivot"

and go to news and you will have possible reasons.

(The info is out there, just need to find it. Whether it is correct is a different matter.)

Tim