No, Quiono. I don't short. Was a long-time holder and true believer, rode it up from 1.80 and sold out at 3.80.
I see no agenda for growth. The buyback was simply to prop up the share price, given the lack of other options. This is a mature business, to be valued on its dividend stream. I'd want 5% gross on a div of ~14c, so 2.80. If the production disruption mucks with the div, it will hammer the share price.
Maybe Jeanne Johns & team are brewing an ammonia or fertiliser project or an M&A. Or not. We shall see.
Ash
News: IPL Incitec Pivot Announces Unplanned Downtime Affecting Fy19, page-4
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Last
$3.03 |
Change
0.020(0.66%) |
Mkt cap ! $5.990B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $11.62M | 3.839M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16369 | $3.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.03 | 203699 | 5 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| IPL (ASX) Chart |
