Tough Medium-Term Outlook. Our Fair Value Estimate is A$2.50
Incitec Pivot is a leading global explosives company and Australian fertiliser manufacturer and distributor. Fertiliser is a cyclical business...
327 Views
We've Cut Our Potash Producer Fair Value Estimate on Price Pressure, But Shares Look Compelling
We have lowered our long-term potash price outlook roughly 10% to $285 (real terms) per metric ton from $315. We now expect negotiations with...
606 Views
Dissecting Quality: When Does Management Quality and Corporate Governance Matter Most?
Most active funds tout their ability to discriminate between good and poor quality management, and accordingly weight their portfolios towards...
427 Views
Another line ball decision for the RBA, but expect no change in April
The market is firmly expecting another rate cut from the RBA at today’s Board meeting. The domestic data flow has not delivered any large negative...
437 Views
US employment growth moderates, buying the Fed and growth investors more time
The March non-farm payrolls release confirmed that employment in the United States continues to expand but at a more moderate pace over the past...
416 Views