Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
CORPORATES ISSUER COMMENT 2 January 2018 Contacts John Rogers +1.212.553.4481 Senior Vice President [email protected] Brian Oak +1.212.553.2946 MD-Corporate Finance [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Agrium Inc. and Potash Corporation of Saskatchewan Inc.
Announcement: Moody's says despite merger, rating review of Agrium and Potash will continue until additional information obtained. Global Credit Research- 02 Jan 2018. New York, January 02, 2018-- Moody's Investors Service, stated that the ratings of Agrium Inc. and Potash Corporation of Saskatchewan Inc. will remain under review until the management of the newly merged company, Nutrien Ltd., provides additional information on its legal structure, financial policies, use of...
CORPORATES ISSUER COMMENT 2 January 2018 Contacts John Rogers +1.212.553.4481 Senior Vice President [email protected] Brian Oak +1.212.553.2946 MD-Corporate Finance [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Potash Corporation of Saskatchewan Inc. Moody’s: Despite merger, review of Agrium and Potash Corp
Narrow-moat PotashCorp reported mixed third-quarter results, as increased potash segment profit growth was partially offset by continued weakness in the nitrogen and phosphate segments. We continue to forecast a 2025 potash price of $260 per metric ton (in real terms), which is around 2% higher than current prices. With no changes to our long-term fertilizer price outlook, we maintain our $23 per share fair value estimate. Our CAD fair value estimate is also unchanged at CAD 29 per share. Our na...
PotashCorp and Agrium have announced that their merger has received all regulatory approvals and will close on Jan. 1, 2018, and the combined firms will begin trading as Nutrien on Jan 2 on both the Toronto Stock Exchange and New York Stock Exchange under the ticker NTR. We will publish our fair value estimate for Nutrien when we initiate coverage, but in the interim, we maintain our U.S. fair value estimates for PotashCorp of $23 per share and Agrium of $127 per share, which assume the merger c...
PotashCorp and Agrium have announced that their merger has received all regulatory approvals and will close on Jan. 1, 2018, and the combined firms will begin trading as Nutrien on Jan 2 on both the Toronto Stock Exchange and New York Stock Exchange under the ticker NTR. We will publish our fair value estimate for Nutrien when we initiate coverage, but in the interim, we maintain our U.S. fair value estimates for PotashCorp of $23 per share and Agrium of $127 per share, which assume the merger c...
CORPORATES CREDIT OPINION 10 November 2017 Update RATINGS Potash Corporation of Saskatchewan Inc. Domicile Saskatoon, Saskatchewan, Canada Long Term Rating Baa1 , Possible Downgrade Type Senior Unsecured - Fgn Curr Outlook Rating(s) Under Review Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the pub
Narrow-moat PotashCorp reported mixed third-quarter results, as increased potash segment profit growth was partially offset by continued weakness in the nitrogen and phosphate segments. We continue to forecast a 2025 potash price of $260 per metric ton (in real terms), which is around 2% higher than current prices. With no changes to our long-term fertilizer price outlook, we maintain our $23 per share fair value estimate. Our CAD fair value estimate is also unchanged at CAD 29 per share. Our na...
Narrow-moat PotashCorp reported mixed third-quarter results, as increased potash segment profit growth was partially offset by continued weakness in the nitrogen and phosphate segments. We continue to forecast a 2025 potash price of $260 per metric ton (in real terms), which is around 2% higher than current prices. With no changes to our long-term fertilizer price outlook, we maintain our $23 per share fair value estimate. Our CAD fair value estimate is also unchanged at CAD 29 per share. Our na...
POTASH CORP.OF SASKAT. (CA), a company active in the Specialty Chemicals industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date November 3, 2017, the closing price was CAD 24.64 and...
Precious metals were hammered to three week lows as the US dollar continued to rally. This helped the local gold price, which was unchanged at £965 per ounce (£/oz), but in dollar terms it fell nearly $15/oz to just over $1,265/oz; silver tumbled over twenty cents/oz to just below $16.80/oz; platinum lost under $10/oz to just over $915/oz. In contrast, palladium rallied a touch to just over $970/oz.
Narrow-moat PotashCorp reported mixed third-quarter results, as increased potash segment profit growth was partially offset by continued weakness in the nitrogen and phosphate segments. We continue to forecast a 2025 potash price of $260 per metric ton (in real terms), which is around 2% higher than current prices. With no changes to our long-term fertilizer price outlook, we maintain our $23 per share fair value estimate. Our CAD fair value estimate is also unchanged at CAD 29 per share. Our na...
Narrow-moat PotashCorp reported mixed third-quarter results, as increased potash segment profit growth was partially offset by continued weakness in the nitrogen and phosphate segments. We continue to forecast a 2025 potash price of $260 per metric ton (in real terms), which is around 2% higher than current prices. With no changes to our long-term fertilizer price outlook, we maintain our $23 per share fair value estimate. Our CAD fair value estimate is also unchanged at CAD 29 per share. Our na...
On Oct. 18, PotashCorp and Agrium announced that their proposed merger has received regulatory approval in India on the condition that the combined company, which will be named Nutrien, divest PotashCorp’s minority shareholdings in SQM (32% ownership), Israel Chemicals (14%), and Arab Potash (28%) within the next 18 months. At current market prices, the three investments are worth over $6.1 billion, of which nearly $5.1 billion comes from SQM. SQM is currently trading at $59 per share, which i...
On Oct. 18, PotashCorp and Agrium announced that their proposed merger has received regulatory approval in India on the condition that the combined company, which will be named Nutrien, divest PotashCorp’s minority shareholdings in SQM (32% ownership), Israel Chemicals (14%), and Arab Potash (28%) within the next 18 months. At current market prices, the three investments are worth over $6.1 billion, of which nearly $5.1 billion comes from SQM. SQM is currently trading at $59 per share, which i...
We’ve reduced our outlook for phosphate and potash prices as we expect more new capacity to come on line than we had forecast. Our 2025 phosphate price falls to $360 per metric ton (in real terms), down from $420. In potash, while we still expect a 2025 potash price of $260 per metric ton (in real terms), we don't see meaningful price expansion until after 2020. Our Mosaic fair value estimate falls to $30 per share from $33. Our Agrium U.S. share class fair value estimate decreases to $110 per...
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