Incitec Pivot (IPL): ASX100 & ASX200 Winner

Incitec Pivot (IPL) was the overall best performing stock on the ASX100 and the ASX200 indices (winner of the week for week 36 of 2007). IPL rose by 11.145 percent on the week gaining $7.30 of value for its shareholders, closing the week on $72.80. Recent activites by the Incitec Pivot was to acquire a part of Dyno Nobel (DXL). Other runner up winners besides IPL were Fortescue gaining 11.029 percent (+$3.75, closing $37.75) and Mt Gibson Iron gaining 11.111 percent (+0.17, closing $1.70). A previous Incitec Pivot stock tip. The AUD/USD pair closed the week at 82.67 cents, gold at $700, the All Ordinaries at 6296.5 and the ASX200 index on 6278.

Incitec Pivot Limited is listed on the Australian Stock Exchange (ASX) under stock code IPL. You can view their investor website here. Incitec Pivot is a Fertilizer manufacturer and supplier and was listed on the ASX on 28 July, 2003. Incitec Pivot is a relatively new company, created by the merger of two of the powerhouses of the Australian fertiliser industry in June 2003. Its scale and production capacity was greatly increased in August 2006 with the purchase of Southern Cross Fertilisers, Australia's only manufacturers of MAP and DAP fertilisers. IPL supplies more than 50 per cent of Australia's agricultural plant nutrient needs. John Watson is the non-executive chairman of Incitec Pivot and Julian Segal is the Managing Director and CEO. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. Check your charts and good luck with your share trading!