IPL – Citi rates the stock as Buy
Given the bullish outlook for demand for ammonium nitrate, the company is committed to a further 15% expansion of the Moranbah output by FY22.
Read MoreGiven the bullish outlook for demand for ammonium nitrate, the company is committed to a further 15% expansion of the Moranbah output by FY22.
Read MoreCiti analysts had already concluded the risk-reward proposition for owning this stock had turned favourably again, post share market sell-off that followed another profit warning by the company. Since then the analysts attended what they label an “upbeat” Investor Day.
Read MoreAhead of an investor briefing, Incitec Pivot has downgraded guidance for FY19 and flagged a strategic review of its Australian fertiliser business.
Read MoreThe company has downgraded guidance again for FY19 and pulled forward a strategic review of the fertiliser business. Credit Suisse was not surprised by the drought-driven downgrade but further plant downtime at the Louisiana plant is of concern.
Read MoreThe impact of the drought has driven Incitec Pivot (IPL) to review the future ownership of its Asia Pacific fertilisers business after it again slashed full-year earnings guidance.
Read MoreFertiliser and explosives maker, Incitec Pivot Limited (IPL) has finally found a deal to keep its Gibson Island in Brisbane open. The new gas supply deal will keep the fertiliser plant open until at least the end of 2022.
Read MoreThe broker notes Incitec Pivot’s PE discount to peer Orica ((ORI)) is now the largest in a decade, leading the broker to favour the former over the latter.
Read MoreDrought, floods and smaller problems helped produce more than $140 million of significant one-off items which more than halved the earnings of fertiliser and chemicals manufacturer Incitec Pivot (IPL).
Read MoreIncitec Pivot has provided further detail on the financial impact of the myriad problems impacting in FY19. These are mostly considered one-off issues and a better FY20 is expected.
Read MoreThe company has provided more clarity regarding the financial impact of outages from the Mount Isa rail line flooding and manufacturing issues in Louisiana. Additionally, distribution volumes are lower in Australian fertiliser because of the drought.
Read MoreFertiliser and explosives group, Incitec Pivot (IPL) has warned of another $33 million hit to earnings from the drought the decision to close a phosphate factory in western Victoria.
Read MoreUBS has cut Incitec Pivot’s forecast earnings by -20% in FY19 due to damage caused in the floods to the rail line linking the company’s Phosphate Hill ammonia plant in Mt Isa to the port at Townsville.
Read MoreIncitec Pivot is heading for a miserable 2018-19, especially for the first half to March 31.
Read MoreShares in fertiliser and explosives group, Incitec Pivot fell more than 8% yesterday after the company revealed a $45 million hit to full 2018-19 profit from surprise operational problems at its plants in both Australia and the US.
Read MoreThe East Coast drought – now dipping into Victoria and the dry emerging parts of southern Western Australia – has seen Australia again cut its 2018-19 wheat harvest estimate to where it is now forecast to be the lowest since the GFC and the last big drought in 2008.
Read MoreShares in Incitec Pivot nearly 8% yesterday in the wake of what turned out to be disappointing full-year figures – even though final and full year dividends were boosted.
Read MoreNufarm, the crop protection group, warned earlier this week that the big dry across much of Australia’s Eastern States would impact 2017-18 earnings (helped by poor weather in the US and Europe). Yesterday, explosives maker, Incitec Pivot cited the dry weather as one of the reasons for its weak first half performance.
Read MoreIncitec Pivot CEO, James Fazzino is going out in style – the company, a leading fertiliser and explosives maker lifted full-year profit to $318.7 million and small lift in final dividend for the year to September 30, and a $300 million share buyback over the next year.
Read MoreDirectors of Incitec Pivot (IPL), the fertiliser and explosives group lifted interim payout to shareholders to 4.5 cents a share for the year to March 31, from the 4 cents a share paid the year before when the result was hit with more than $105 million of impairments and write downs.
Read MoreShares in explosives and fertiliser group in Incitec Pivot (IPL) bounced around yesterday as investors couldn’t quite figure out the full year result.
Read MoreShares in fertiliser group, Incitec Pivot jumped yesterday, not because the company cut dividend and reported a drop in net profit after a big write-down, but in appreciation of the reasons for that write-down.
Read MoreA solid 2014-15 result and a lift in dividend was not enough to convince grumpy investors that Incitec Pivot (IPL) shares were worth chasing in yesterday’s weak market.
Read MoreThe weaker Australian dollar has worked some magic on the bottom line of fertiliser and explosives maker Incitec Pivot (IPL) which turned a 6% rise in revenue into a 27% jump in after tax profit.
Read MoreOn the face of it the annual result for Incitec Pivot (IPL) and its 33% profit slump for the year to September 30 should have sent the shares lower with impairments and losses ruining a 15% rise in underlying earnings.
Read MoreIncitec Pivot Ltd (IPL) nudged up its interim dividend for the six months to March 31 – although it wasn’t much of a nudge, more barely a slight tap.
Read MoreShares in fertiliser and explosives maker Incitec Pivot (IPL) rose strongly yesterday despite the company revealing a near $140 million fall in its full year profit thanks to reduced demand, low prices and the high value of the Australian dollar.
Read MoreThe market reacted calmly to the surprise news yesterday from explosives and fertiliser group Incitec Pivot (IPL) that it had taken a $23 million hit from operating problems at its ammonia plant in North West Queensland earlier this month.
Read MoreShares in chemicals and explosives maker Incitec Pivot rose yesterday after the company revealed lower earnings before one-off items and indicated it will see higher profits in the second (current) half of the year.
Read MoreNo reaction from local investors in Incitec Pivot, our major listed fertiliser group, in the local market yesterday to a strong profit upgrade from Canadian giant, Potash Corp.
Read MoreWith its early and surprisingly bullish market update out of the way last week, fertiliser maker Incitec Pivot turned to unfinished business yesterday, revealing plans to buy explosives maker Dyno Nobel for $3.3 billion in a cash and shares offer that will be done via a scheme of arrangement.
Read MoreThe country’s biggest fertilizer maker, Incitec Pivot (IPL) said today it is set to acquire manufacturer of commercial explosives Dyno Nobel (DXL) for $3.3 billion, a result which will create a ‘leading global chemicals company’.
Read MoreYes, we know the drought has had a dramatic impact on rural and regional Australia’s farmers, towns, cities and companies, but a combination of surging world prices and a possibly better season this year has seen the country’s biggest fertilizer maker, Incitec Pivot forecast a more than doubling in pre tax earnings for the year to September 30.
Read MoreShares in Incitec Pivot (IPL) surged as much as 9% on Thursday after the fertilizer manufacturer and supplier increased its 2008 outlook up to 135% on the previous year due to higher international prices.
Read MoreThe cost pressures and shortages of resources have caused work on a half billion dollar mining explosives plant in Queensland to be halted.
Read MoreDyno Nobel (DXL), Commercial Explosives Maker, fell by 13% today after it announced it has suspended its Moranbah project in Queensland indefinitely because it no longer meets the group’s financial criteria.
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