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Sid Rajeev
  • Sid Rajeev

Korella Sale Exceeds Our Valuation, Unlocks Value

NZP is selling its Korella phosphate properties for $3.7M in cash, with royalties potentially raising the total to $8M–$15M. The deal funds key projects without dilution, and production at Korella North could start within six months. With NZP’s market cap at $6M, the market may be undervaluing its assets.

Incitec Pivot Limited: Update to key credit analysis

Our credit view of this issuer reflects its strong liquidity and strong market position, against its exposure to volatile end markets.

Incitec Pivot Limited: 1 director

A director at Incitec Pivot Limited sold 18,215,486 shares at 3.120AUD and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...

Incitec Pivot Limited: Decision to end fertiliser business sale will n...

The company will continue to run both its explosives and fertilisers business, but will look for options for a structural separation of its fertilisers segment.

Incitec Pivot Limited: Update to key credit analysis

Our credit view of this issuer reflects its strong liquidity and strong market position, against its exposure to volatile end markets.

Sid Rajeev
  • Sid Rajeev

Chatham Rock Phosphate Limited (TSXV: NZP / NZSE: CRP / FSE: 3GRE) – A...

Fundamental Research Corp has issued a report entitled “Aiming to Commence Production Next Year” and dated Nov 8, 2023. The full report is now at

Incitec Pivot Limited: Update to key credit analysis

Our credit view of this issuer reflects its strong market positions in the Australian and US explosives, and Australian fertilizer market, constrained by its exposure to volatile end markets

Incitec Pivot Limited: Waggaman sale reduces scale and diversity, but ...

Moody's views IPL's sale of Waggaman as credit negative due to reduced business and earnings diversification. Credit impact will depend on use of sale proceeds and strategic initiatives.

Sid Rajeev
  • Sid Rajeev

Chatham Rock Phosphate Limited (TSXV: NZP / NZSE: CRP / FSE: 3GRE) – A...

Fundamental Research Corp has issued a report entitled “Advancing Phosphate Fertilizer Projects in Oceania to Production – Resuming Coverage” and dated March 2, 2023. The full report is now at

Incitec Pivot Limited: Update to key credit analysis

Our credit view of this issuer reflects its strong market position, against its exposure to volatile end markets.

Incitec Pivot Limited: Credit impact of potential demerger of fertiliz...

A potential demerger would reduce diversification because of the loss of fertilizer assets, although the earnings volatility of that business is higher than its remaining explosives business

INCITEC PIVOT sees an upgrade to Positive due to a better fundamental ...

The general evaluation of INCITEC PIVOT (AU), a company active in the Speciality Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 8, 2022, the closing price was AUD 3.50 and i...

Incitec Pivot Limited: Peer Snapshot

Compares key performance metrics against industry peers

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