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Incitec Pivot Ltd (IPL.AX)

IPL.AX on Australia Stock Exchange

3.49AUD
13 Nov 2019
Change (% chg)

$-0.04 (-1.13%)
Prev Close
$3.53
Open
$3.40
Day's High
$3.57
Day's Low
$3.28
Volume
8,365,572
Avg. Vol
4,634,373
52-wk High
$4.11
52-wk Low
$2.74

Latest Key Developments (Source: Significant Developments)

Incitec Pivot Announces Strategic Review Of Fertilisers Asia Pacific Business Segment
Monday, 2 Sep 2019 

Sept 2 (Reuters) - Incitec Pivot Ltd ::STRATEGIC REVIEW OF INCITEC PIVOT FERTILISERS.ANNOUNCED THAT IT IS COMMENCING A STRATEGIC REVIEW OF ITS FERTILISERS ASIA PACIFIC BUSINESS SEGMENT.IPL HAS APPOINTED UBS TO PROVIDE ADVICE IN RELATION TO STRATEGIC REVIEW..INCITEC PIVOT - STRATEGIC REVIEW TO ASSESS OPTIONS INCLUDING POTENTIAL SALE OF BUSINESS, DEMERGER/RETAINING BUSINESS & CONTINUING TO INVEST FOR GROWTH.STRATEGIC REVIEW IS EXPECTED TO PROGRESS OVER COURSE OF FY20..  Full Article

Incitec Pivot Says Revised EBIT Range For FY19 Is Estimated To Be About $285 Mln To $295 Mln
Monday, 2 Sep 2019 

Sept 2 (Reuters) - Incitec Pivot Ltd ::REVISED FY19 EARNINGS GUIDANCE.REVISED EBIT RANGE FOR FY19 IS ESTIMATED TO BE APPROXIMATELY $285 MILLION TO $295 MILLION.INCITEC PIVOT - PREVIOUS FY INTEREST EXPENSE GUIDANCE OF $145 MILLION REMAINS UNCHANGED, WHILE EFFECTIVE TAX RATE IS LIKELY TO BE LOWER AT ABOUT 5%.  Full Article

Zenith Energy Updates On Manage Operate And Maintain Contract With Incitec Pivot
Monday, 29 Jul 2019 

July 29 (Reuters) - Zenith Energy Ltd ::UPDATES ON MANAGE OPERATE AND MAINTAIN (MOM) CONTRACT WITH INCITEC PIVOT'S PHOSPHATE HILL PROJECT.ZENITH AND INCITEC PIVOT HAVE CEASED NEGOTIATIONS TO FURTHER EXTEND CONTRACT.DISCONTINUATION OF IPL PHOSPHATE HILL MOM CONTRACT WILL IMPACT ZENITHS FY20 FORECAST EBITDA RESULTS BY LESS THAN $200,000.00.  Full Article

Incitec Pivot Ltd Prices US$500 Mln Notes In USPP Market
Monday, 29 Jul 2019 

July 29 (Reuters) - Incitec Pivot Ltd ::PRICES US$500M NOTES IN USPP MARKET.NOTES WITH FUNDING DATE OF 30 OCT 2019, PRICED WITH US$250M DUE 30 OCT 2028 & US$250M DUE 30 OCT 2030, AT 4.03% & 4.13% RESPECTIVELY.  Full Article

Incitec Pivot Announces Retirement Of Paul Brasher As Chairman
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Incitec Pivot Ltd ::RETIREMENT OF PAUL BRASHER AND APPOINTMENT OF BRIAN KRUGER AS INCITEC PIVOT LIMITED'S CHAIRMAN.  Full Article

Incitec Pivot Says Gibson Island Manufacturing Operations To Continue Through 2022
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Incitec Pivot Ltd ::GIBSON ISLAND MANUFACTURING OPERATIONS TO CONTINUE THROUGH 2022.THESE ARRANGEMENTS ARE SUBJECT TO AUSTRALIA PACIFIC LNG'S RECEIPT OF FIRB APPROVAL.IPL GROUP EARNINGS BEFORE INTEREST AND TAX (EBIT) IN FY 20 TO INCREASE BY APPROXIMATELY $5 MILLION OVER FORECAST EBIT IN FY 19.TURNAROUND IS SCHEDULED TO OCCUR EARLY IN CY 20, AND IS EXPECTED TO LAST ABOUT 2 MONTHS AND COST ABOUT $60 MILLION.COST OF TURNAROUND WILL BE DEPRECIATED OVER THREE YEARS.ENTERS MULTIPLE ARRANGEMENTS TO ALLOW CONTINUATION OF MANUFACTURING OPERATIONS AT ITS GIBSON ISLAND PLANT THROUGH TO 31 DEC 2022.IPL & CENTRAL PETROLEUM CONTINUE EXPLORATION OF POTENTIAL GAS SUPPLY FROM GAS TENEMENT ACREAGE ATP 2031 IN QUEENSLAND.EBIT EXPECTATION FOR FY 20 INCLUDES IMPACT OF MAJOR TURNAROUND REQUIRED TO BE UNDERTAKEN TO ENABLE OPERATION OF PLANT TO DEC 2022.  Full Article

Incitec Pivot Posts H1 Net Profit For The Period Attributable Of $41.9 Mln
Monday, 20 May 2019 

May 20 (Reuters) - Incitec Pivot Ltd ::INTERIM DIVIDEND 1.30 CPS.H1 PROFIT AFTER TAX EXCLUDING INDIVIDUALLY MATERIAL ITEMS ATTRIBUTABLE DOWN 71.5% TO $41.9 MLN.H1 NET PROFIT FOR THE PERIOD ATTRIBUTABLE UP 451.3% TO $41.9 MILLION.H1 REVENUES FROM ORDINARY ACTIVITIES UP 3.5% TO $1,742.3 MILLION.FY19 EBIT EXPECTED TO BE BETWEEN $370M AND $415M.GROUP EBIT WILL BE SKEWED TO SECOND HALF.TALKS WITH THIRD PARTIES REGARDING AFFORDABLE DOMESTIC GAS SUPPLY FOR GIBSON ISLAND MANUFACTURING FACILITY THROUGH 2022 ARE ONGOING.IF AFFORDABLE GAS SUPPLY FOR GIBSON ISLAND MANUFACTURING FACILITY CANNOT BE SECURED, OPERATIONS AT SITE WILL CEASE IN DECEMBER 2019.THE TOTAL IMPACT FROM HIGHER GAS COST FOR FY19 IS EXPECTED TO BE APPROXIMATELY $49M AT GIBSON ISLAND.ESTIMATE OF CLOSURE COSTS AT GIBSON ISLAND MANUFACTURING FACILITY IS ABOUT $65M TO $75M.FULL YEAR CORPORATE COSTS ARE EXPECTED TO BE APPROXIMATELY $30M.TOTAL IMPACT FOR FY19 FROM TEMPORARY PRODUCTION INTERRUPTION AT PHOSPHATE HILL PLANT ANTICIPATED TO BE ABOUT $115M.  Full Article

Incitec Pivot Updates On Impact Of Weather Condition On H1 Earnings
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Incitec Pivot Ltd ::DISTRIBUTION SALES IN FIRST HALF OF FY19 ARE CURRENTLY DOWN APPROXIMATELY 200,000 TONNES VERSUS PRIOR CORRESPONDING PERIOD.IPL HAS COMPLETED A REVIEW OF ITS SINGLE SUPER PHOSPHATES (SSP) MANUFACTURING OPERATIONS IN VICTORIA.IMPACT OF THE LOWER VOLUMES ON FIRST HALF FY19 EBIT IS EXPECTED TO BE APPROXIMATELY A$20M COMPARED TO PCP.PORTLAND SSP MANUFACTURING FACILITY WILL CLOSE IN MAY 2019 AND OPERATIONS WILL BE CONSOLIDATED TO GEELONG SSP MANUFACTURING FACILITY..PORTLAND PRIMARY DISTRIBUTION CENTRE WILL CONTINUE TO OPERATE TO SERVE CUSTOMERS AS NORMAL..TOTAL COST ASSOCIATED WITH CLOSURE AND SUBSEQUENT CONSOLIDATION OF OPERATIONS TO GEELONG IS EXPECTED TO BE APPROXIMATELY A$13M.FINANCIAL IMPACT OF QUEENSLAND RAIL OUTAGE ON FIRST HALF EBIT IS EXPECTED TO BE ABOUT A$60M.TOTAL IMPACT OF QUEENSLAND RAIL OUTAGE IMPACT FOR 2019 FY NOW ANTICIPATED TO BE AROUND LOWER END (A$100M) OF RANGE PREVIOUSLY ANNOUNCED.PORTLAND SSP TO BE CONSOLIDATED TO GEELONG SSP FACILITY; SEES SYNERGIES FROM COMBINED OPERATION OF A$3M EBIT PER ANNUM FROM FY20.ESTIMATED EBIT FOR LOUISIANA AMMONIA PLANT FOR FIRST HALF OF FY19 IS ABOUT A$14M COMPARED TO A$62M IN PCP.  Full Article

Incitec Pivot Noted Closure Of Rail Line Between Townsville And Phosphate Hill
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Incitec Pivot Ltd ::NOTED CLOSURE OF RAIL LINE BETWEEN TOWNSVILLE AND PHOSPHATE HILL.IPL BEGAN A PROGRESSIVE SHUTDOWN OF PLANTS WITHIN ITS PHOSPHATE HILL FACILITY OVER WEEKEND.IPL'S PHOSPHATE HILL FACILITY HAS NOT SUSTAINED ANY DAMAGE.TOWNSVILLE FERTILISER DISTRIBUTION AND PORT FACILITIES SUFFERED ONLY VERY MINOR DAMAGE AND ARE OPERATIONAL.CURRENTLY ESTIMATES IMPACT OF RAIL CLOSURE WILL GIVE RISE TO LOST EARNINGS BEFORE INTEREST AND TAX OF ABOUT A$10M PER WEEK FROM FEB 9.CONTINUING TO RUN EACH PLANT AT PHOSPHATE HILL FOR AS LONG AS POSSIBLE GIVEN STORAGE AND INPUT CONSTRAINTS.  Full Article

Central Petroleum Says Executed Gas Sales Agreement With Incitec Pivot
Monday, 25 Jun 2018 

June 25 (Reuters) - Central Petroleum Ltd ::IPL GAS SALES AGREEMENT AND QUEENSLAND ACREAGE FARMIN,IPL.EXECUTED GAS SALES AGREEMENT WITH INCITEC PIVOT.AGREEMENT FOR CO TO DELIVER AT LEAST 20 TJ/D OF GAS TO IPL ON EX-FIELD BASIS FROM PALM VALLEY AND MEREENIE FIELDS.CENTRAL WILL BE REOPENING ITS 100% OWNED PALM VALLEY FIELD.JOINT VENTURE ARRANGEMENT FOR ATP(A)2031 IN QUEENSLAND ALSO BEEN AGREED WITH IPL.UNDER JV ARRANGEMENTS, IPL WILL CONTRIBUTE UP TO $20 MILLION FOR APPRAISAL DRILLING COSTS DURING INITIAL EXPLORATION PERIOD.  Full Article

UPDATE 1-Australia's Incitec Pivot posts drop in annual profit due to extreme weather

Nov 12 Australia's Incitec Pivot Ltd on Tuesday posted a 27% drop in annual profit, hurt by a flood and rail outage in the Queensland state and higher gas costs.