Create Free Account

By creating account you will get access to hot stocks & personalised emails

Mid-Cap

Orica and Incitec Pivot are plummeting

May 10, 2016 | Team Kalkine
Orica and Incitec Pivot are plummeting

Orica Ltd


ORI Details
  • Weak performance: Orica Ltd (ASX: ORI) plunged over 12.3% on May 09, 2016 as they reported a weak first half of 2016 results. Ammonium nitrate volumes fell by 8% yoy to 1.71 million tonnes and consequently plunged EBITDA by 5% yoy to $450 million. As a result, the earnings per share declined to 51.2 cents before individual material items during the period as compared to 56.9 cents in pcp. The group undertook business improvement initiatives which delivered net benefits of $52 million.
  • Recommendation: We give an “Expensive” recommendation on the stock at the current price of $13.53

First half results (Source: Company Reports)
 
Incitec Pivot Ltd


IPL Details
  • Long term agreements: Incitec Pivot Ltd (ASX: IPL) fell over 3.7% on May 09, 2016. The stock seem to be partly affected by fall in its peer-Orica. Despite this short term fall, the group made a gas supply agreement with Walloons Coal Seam Gas Company Pty Limited (a Shell-owned QGC business) (QGC) for its Phosphate Hill manufacturing plant in North West Queensland. The group also made a gas transportation agreement with the APA Group for its transportation of gas under the QGC agreement.
  • Recommendation: We maintain our “Buy” recommendation on this dividend yield stock at the current price of $2.86
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in:  BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Copyright
Copyright © 2016 Kalkine Pty Ltd ABN 34 154 808 312. No part of this website, or its content, may be reproduced in any form without the prior consent of Kalkine Pty Ltd.
Kalkine is a trading name of Kalkine Pty Ltd ABN 34 154 808 312, which holds Australian Financial Services Licence No. 425376.



Small-Cap
One Health Care Stock Likely to Benefit from New Product Launches-MDR
November 27, 2024Team Kalkine
Blue-Chip
One NASDAQ- Listed Automobile Component Stock Under Radar- Mobileye Global Inc
November 26, 2024Team Kalkine
Small-Cap
One Energy Stock Focused on Strengthening Asset Reliability and Driving Organic Growth -KAR
November 26, 2024Team Kalkine
Small-Cap
Key Business Insights on this Energy Company – Peninsula Energy Limited
November 26, 2024Team Kalkine
Blue-Chip
Key Business Insights on this Consumer Staples Company– TGT
November 25, 2024Team Kalkine

Get In Touch

By submitting your details and clicking on the Register button below, you agree to Kalkine’s Terms and Conditions and agree to receive marketing offers, including to be contacted by email or phone, as set out in our Privacy Policy. Any calls will be made by Kalkine Pty Ltd or Kalkine Solutions Private Limited on our behalf.You also agree that Kalkine/KSPL can give you its Financial Services Guide by electronic means (including by website link or email). Before accessing our services, please read the Financial Services Guide available here.

Please wait processing your request...

Our Company

Useful Links

Contact Us

ISO Certified Market Research

Kalkine Solutions Private Limited, authorized representative of Kalkine Pty Ltd, holds ISO 27001:2022 certification bearing Certificate No.- IC-IS-2404072

Our Company

Useful Links

Contact Us

Disclaimer

The information given by Kalkine Pty Ltd ABN34 154 808 312 (Australian Financial Services License Number 425376) on this website is general information or advice only.

It does not take into account any of your personal objectives, circumstances or needs. Choosing an investment is an important decision. If you do not feel confident making a decision based on the recommendations Kalkine has made in our reports, you should consider obtaining personal advice from an authorised adviser.

There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. Terms & Conditions have been provided for our services, please go through them and also read our Financial Services Guide.

Our website may contain information on past performance of particular investments. Past performance is not an indicator of future performance. Hypothetical returns may not reflect actual performance. Any displays of potential investment opportunities are for sample purposes only and may not actually be available to investors.

The information on the website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Our reports contain general recommendations to invest in securities.

Copyright 2024 Krish Capital Pty. Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.