AEV 20.0% 0.4¢ avenira limited

now that we have all had a moment to reflect.., page-6

  1. 692 Posts.
    It was the first link. Here's what it says:

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    INCITEC PIVOT28 May,200828/05/2008 17:03 Sydney, Australia.
    Value Change % Change
    173.050 -3.540 -2%

    Company overview
    Real-time quote
    IPL.AX , 173.050, -3.540, -2%) - INCITEC PIVOT LIMITED

    Credit Suisse rates IPL as Restricted - Ooops! Is this a warning note from Credit Suisse? It surely looks like it. Bunge, one of the leading global fertiliser companies, has announced a US$1.93bn expansion of its Brazilian phosphate fertiliser operations, the broker reports, while acknowledging any form of increased capacity amid commodity markets is "never a positive". The result will be for softer prices as the phosphate market is now likely to move back into balance by CY12, the analysts state. Luckily, they already sort of assumed this much and thus no changes have to be made to current price or earnings forecasts. The closing paragraph on Incitec Pivot is very positive.

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    Is this a significant development for MAK holders?
 
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