Fertiliser business IPL is also in the right market segment in our opinion as food prices soar, again the $7.5bn business is fairly cheap trading on an Est 7.3x valuation for 2022 while it also generates enough money to pay a 3.5% yield over the coming 12-months. As global miners such as BHP Group (BHP) look to restructure their businesses away from fossil fuels we could easily see IPL residing on someone’s menu.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM likes IPL under $4
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Market Matters Research Lead Shawn Hickman with David Koch
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