IPL 1.76% $2.89 incitec pivot limited

Strategic direction

  1. 5,292 Posts.
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    We still await a statement of IPL's strategic direction from new CEO Jeanne Johns - even if this is 'business as usual'.

    I do not criticise, merely observe the complete absence of a public profile.

    For all holders know, the team may be hatching a stunning plot around Industrial Materials that reignites interest in this solid manufacturer.

    Fertilizer prices have been lowish a long time. We know commodity prices are volatile. Any lift in agricultural demand will quickly overtake fixed supply.

    Meanwhile, capital accumulation continues in good cashflows via depreciation going to debt reduction and the buy back.

    Patience is hard; holders will be rewarded.

    Ash
 
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