Whilst I have not been an owner of IPL previously, I have followed this stock for some time & recognize its importance in the total food supply argument. Farmers don't have a lot of choice whether or not they use fertilizer!
The short term situation in IPL is very interesting:
1. After 16/9/2008 IPL will trade 20 for 1 split on a deferred delivery basis. This will drop the share price from around $140 to $7 per share. This will not only increase the liquidity of the stocks but will also attract a lot more buyers, so there is a good chance it could move above $7.50 short term.
2. Inclusive in ASX top 50(refer ASX announcement) on 19/9/2008 could also bring some index buying into the stock.
3. Both BHP & RIO along with Potash Corp. all on the look out for fertilizer companies. IPL could well be on one of the big boys shopping list.
4. Prices for fertlizers have improved greatly over the last year & IPL is exploding partnerships to keep it costs very low. (refer CNX & ARU associations).
5. Share splits frequently lead to price appreciation of stock after split.
6. Please do your own research on this stock.
Regards
Buffett
Whilst I have not been an owner of IPL previously, I have...
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Last
$2.90 |
Change
0.000(0.00%) |
Mkt cap ! $5.632B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.92 | $2.88 | $9.365M | 3.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8848 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 220350 | 11 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IPL (ASX) Chart |