What concerns me is that these rumours may have kept the share price higher that it otherwise might have been. International Fertilizer stocks were smashed on Tuesday (CF was down 12%, POT down nearly 9%, MON nearly 6% ) yet on Wednesday we only lost 3% or so at a time when international funds are exiting AUS. In the past we have followed international movements closely.
Wheat and corn prices have also continued to decline so at some point this could lead to lower demand to fertilize these type of crops at such high fertilizer prices.
Of course the kicker in all of this is the material depreciation in AUD offsetting any decline in DAP in USD terms. So i will still be accumulating but will watch for now and look to accumulate in the 120s.
takeover target, page-10
-
- There are more pages in this discussion • 6 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
$2.87 |
Change
-0.010(0.35%) |
Mkt cap ! $5.574B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.90 | $2.86 | $6.904M | 2.402M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 59856 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 139130 | 10 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| IPL (ASX) Chart |