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I have been away from the hub for a while. I see the news for the Allana venture is now posted.
Have you heard any news about the joint venture with a
Allana Potash ??
Fertilizer is needed just as much in a bad economy as in a good one!
This is the time to buy if anybody will sell. It's hard to find any loose shares out there!
News out, and what a great buy this stock is right now at almost a 52 week low. This one is a definite keeper with frequent dividends and a recession proof product!!
Israel Chemicals Ltd. (TASE: ICL) reported double-digit revenue and profit growth for the third quarter of 2011, and will distribute a $300 million dividend. Net profit attributable to majority shareholders rose 80% to $436.3 million for the third quarter from $242.9 million for the corresponding quarter.
Revenue rose 36% to $1.9 billion for the third quarter from $1.39 billion for the corresponding quarter of 2010.
Fertilizer (potash and phosphates) sales rose 50% to $1.13 billion for the third quarter (51% of total sales) from $753.3 million for the corresponding quarter. Potash sales totaled 1.12 million tons, 9% more than the 1.01 million tons sold during the corresponding quarter. During the third quarter, the company signed new contracts with India, China and other customers for the delivery of 750,000 tons of potash during the second half of 2011.
Industrial products sales rose 21% to $380.7 million for the third quarter from $315.5 million for the corresponding quarter, and performance products sales rose 15% to $403.1 million from $351.9 million.
Israel Chemicals' share price rose 1.1% in early trading to NIS 40.50, giving a market cap of NIS 51 billion.
This market is sick. One thing good for Ischy though. If MFG craters, farmers still have to produce. That means fertilizer!!!
More good news!!
Credit Swisse upgrades ISCHY to "outperform"
http://www.globes.co.il/serveen/globes/docview.asp?did=1000680287&fid=1725
News Out!
Israel Chemicals signs second Indian potash dealThe $203 million contract is for 415,000 tons, to be delivered through March 2012.
10 August 11 14:09, Hillel KorenIsrael Chemicals Ltd. (TASE: ICL) has signed its second potash contract in India this month. The new contract is for 415,000 tons, with an option for an additional 25,000 tons, amounting to $203.4 million and $215.6 million if the option is exercised. It follows on the $490 million Indian contract for one million ton with a 100,000-ton option signed last week.
The average price in both contracts is $490 per ton, $120 more per ton than in Israel Chemicals' previous Indian contracts. The new contract will be delivered through March 2012.
In July, Israel Chemicals signed a $285 million Chinese contract for the delivery of 500,000 tons of potash at $470 per ton.
The three contract total $975 million, not including the options.
Earlier this week, Migdal Capital Markets raised its recommendation for Israel Chemicals to "Buy" with a target price of NIS 65.
Israel Chemicals' share price price rose 1.2% by mid-afternoon to NIS 48.55, giving a market cap of NIS 61 billion.
From Aug 4th (TASE report)
Israel Chemicals Ltd. (TASE: ICL) fell 4.1% on the day's largest turnover of NIS 200 million, and its parent company, Israel Corporation (TASE: ILCO), fell 1.8%. Canadian potash export organization Canoptex yesterday signed a 700,000-ton contract with India at higher prices. Leader Capital Markets today raised its recommendation for Israel Chemicals to "Buy".
This stock is just S T R O N G!
I wonder what the record is for the # of dividends issued in a year?
It doesn't seem to be bothering the TASE investors. ICL up 1.2% Sunday. It should follow suit in the US on Monday.
Hold the bus. This could get ugly. I found this embedded in an article:
The "Globes" revelation comes as Minister of Tourism Stas Misezhnikov and Minister of Environmental Protection Gilad Erdan propose that Israel Chemicals pay most of the estimated NIS 5-7 billion cost of rehabilitating the southern basin of the Dead Sea, where the company's mining operations are carried out.
To read the whole article:
http://www.globes.co.il/serveen/globes/docview.asp?did=1000655251
I will try to keep the latest news from Israel on ISCHY posted.
From 7/20/11:
Israel Chemicals Ltd. (TASE: ICL) rose 1.2% on the day's largest turnover of NIS 102 million, and its parent company, Israel Corporation (TASE: ILCO), rose 0.8%.
I don't understand Y no-one posts about this stock? It is a great stock. It has everything:
Growth
Some volatility for day-traders
dividends
What a great stock!
Excellent News that TA didn't even have in its pathetic news section.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000622676
This seems to be a great company which pays dividends often. Why doesn't it have a following on IHUB? Go figure
Ischy faces 2 formidable challenges at this very moment:
1. How much if any, will they be held financially responsible for the rising waters of the dead sea?
2. What will be the financial impact (if any) of the unrest in Egypt. (ISCHYs parent has holdings in Egypt)?
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