No, Quiono. I don't short. Was a long-time holder and true believer, rode it up from 1.80 and sold out at 3.80.
I see no agenda for growth. The buyback was simply to prop up the share price, given the lack of other options. This is a mature business, to be valued on its dividend stream. I'd want 5% gross on a div of ~14c, so 2.80. If the production disruption mucks with the div, it will hammer the share price.
Maybe Jeanne Johns & team are brewing an ammonia or fertiliser project or an M&A. Or not. We shall see.
Ash
News: IPL Incitec Pivot Announces Unplanned Downtime Affecting Fy19, page-4
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IPL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.98 |
Change
-0.010(0.33%) |
Mkt cap ! $5.730B | |||
| Open | High | Low | Value | Volume |
| $2.98 | $2.99 | $2.96 | $8.470M | 2.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10481 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 77642 | 7 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| IPL (ASX) Chart |