Incitec Pivot
Incitec Pivot (IPL) is an established international chemicals company principally focused on the production, trading and supply of fertilizers and chemicals. Incitec Pivot listed on ASX on 28 July, 2003. IPL was created as a result of merger between Pivot and Incitec Fertilizers in 2003. The Company has around 4,500 staff employed worldwide. The Company has an integrated fertiliser business operating all through eastern and southern Australia, with a market share of 65% in this area. IPL has annual sales of 3.4Mt fertilizer.
Fertiliser and explosives manufacturer Incitec Pivot (IPL) reports a 12.8 per cent net profit growth for the full-year ended September 30 to $463.2 million and forsee 2012 as a transition year for the business.
After the recent profit increase, Incitec expects to continue the growth of their explosives business for the year ahead as volumes increase with the mines recovered from floods.
Major fertiliser supplier Incitec Pivot (ASX:IPL) shows interest to offer a bid for Burrup Fertlisers, but is proceeding with caution. Incitec says that an offer depends on a 15 percent internal return rate from the acquisition.
Australia's largest fertilizer producer, Incitec Pivot (ASX:IPL) has returned to profit this financial year ending September 30, of $412 million. The company lost $221 million in the previous year.
Incitec Pivot, which is also an explosives maker, declared a final unfranked dividend of 6 cents, also above expectations, taking the full-year dividend distribution to 7.8 cents.
Study the historical dividends for INCITEC PIVOT LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive IPL dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the IPL dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
Incitec Pivot (IPL), an Australian global chemical company that mainly focuses on the production, trading and supply of fertilizers and chemicals was the worst performer of the ASX100 list for the 13th week of 2010. The company had a market capitalisation of $5378.5 million and lost 4.6 percent or 16 cents to its stock price closing for the week at $3.31.
BlueScope Steel (BSL), a renowned investor in the steel industry that concentrates in Europe, North America and Asia Pacific was the best performer of the 8th week in ASX100 with a gain of 10.3 percent or 25 cents closing the week at $2.67.
Here is an update on the different sectors of Australian market from market analyst Macquarie Research Equities.
Record Oil - The Impact of Black Gold
Arrow Energy (AOE) was the overall best performing stock taking in a 12.61 percent increase. It was a mixture of drilling services, chemical manufacturing, financial services, energy and mining & exploration companies who were among the best performing stocks for the week 23 of 2008 of the Australian sharemarket: Boart Longyear (BLY), Incitec Pivot (IPL), Challenger Financial Services Group (CGF), Arrow Energy (AOE), Sundance Resources (SDL). These best performing stocks managed gains above 6.06 percent by the end of the trading week.
Incitec Pivot Limited (IPL) has a reiterated Buy stock recommendation and a $213 share price target from Australian stockmarket analysts from Citi.
Incitec Pivot Ltd: Another Solid Result
Staying bullish — Core NPAT of $171m was 11% ahead of our forecast and 2% ahead of consensus. EBIT upside of $10m was driven by a stronger than expected trading profit. We reiterate our Buy recommendation, with target price increased to $213.
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