Incitec Pivot Confronting The Challenges
Incitec Pivot has updated on the key components driving the business, amid challenging conditions stemming from low prices and the pandemic
Read More
News
Usual Suspects Weigh On Incitec Pivot
Incitec Pivot remains a slave to the usual suspects - cropping conditions, explosives demand and pricing. A capital raising has alleviated some concerns for the balance sheet.
Read More
Incitec Pivot Taps Investors, Lifts H1 Profit 22%
Fertiliser and explosives manufacturer Incitec Pivot (IPL) is looking to raise $675 million to strengthen its balance sheet and pursue growth opportunities.
Read More
Good And Bad News For Value Investors
Despite the prevalence of bad news stories and a sea of red across stock screens, Perpetual's Anthony Aboud argues it’s not all bad news.
Read More
Who (Eventually) Benefits From The New Oil Shock
In more normal times - and nothing is normal at the moment - low oil prices benefit the global economy and stocks such as manufacturers and transport companies. Tim Boreham outlines those Australian companies which stand to benefit from significantly lower energy prices.
Read More
Analyst Views
IPL – Macquarie rates the stock as Outperform
Macquarie lifts forecasts for the Australian dollar and, whilst in isolation this is negative for reported earnings, a stronger currency is usually correlated positively with higher global fertiliser prices.
Read More
IPL – UBS rates the stock as Neutral
UBS expects depressed prices for ammonia are likely to persist throughout the US cropping season in the second half of FY20. The impact is offset by a lower Australian dollar and improved Australian fertiliser distribution outlook.
Read More
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 More
IPL – Citi rates the stock as Buy
Citi 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 More
IPL – Credit Suisse rates the stock as Outperform
The 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 More