IPL 0.34% $2.92 incitec pivot limited

jumped 50% in 14 weeks!! what's next??

  1. DSD
    15,757 Posts.
    IPL up almost exactly 50% since early November. Bloody good going for an ASX50 company. Rises in prices of base RP & DAP have obviously contributed although offset to some extenet by strong AUD which favours importers. I also assume sales of A. nitrate for mines has recovered. For me the biggest boost to IPL will come from the widespread rain along eastern half with perhaps a very wet next week should cyclone enter QLD.
    My query: can this run continue or is $3.8-4.00 the likely peak?
    cheers
    MikeM.
    disc: I hold NUF in hope of boost in crop planting area this winter.
 
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