Incitec Pivot is under Algo Engine buy conditions and is a current holding in the ASX 100 model.
The FY19 earnings of IPL will be impacted by the Queensland floods and we’ll see the numbers revealed in the coming weeks. There’s a chance the impact will be greater than current consensus, which may result in short term selling. If this occurs and an opportunity to buy IPL sub $3.00 eventuates, we would consider this a “high conviction” accumulation play.
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