I have previously been a bear on this stock and dont like the structural issues facing its domestic fertiliser business ie high DAP production costs and rising gas prices....and where DAP and urea prices were heading down in H2 CY2013 given Inidian demand/currency issues wouldnt touch it even with other peoples money however i think this could be a 12 month play....given
1) DAP and Urea prices are trending up
2) Currency benefits
3) US ammonia project should have an RONA of 25% it was a big best (25% market cap) that should pay off handsomely.
4) Explosives should be slightly up given currency benefits in US and stabilised coal burn and iron ore growth in WA
+coming off a very low earnings base for should have good earnings momentum. management not the best but willing to overlook this for short term upside.
I have previously been a bear on this stock and dont like the...
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Last
$2.87 |
Change
0.000(0.00%) |
Mkt cap ! $5.574B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.91 | $2.87 | $16.14M | 5.598M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 120998 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 12746 | 4 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| IPL (ASX) Chart |