ein interessanter beitrag aus einem us forum zu potash. da hat der cfo gestern bei einer bank of amerika veranstaltung zur aktuellen lage berichtet:
At the BAML conference yesterday, Wayne Brownlee (CFO) presented. When asked about whether the Uralkali and Belaruskali breakup had impacted things, he said it certainly did, and continues to. But with that said, he related this little tidbit:
"We actually are seeing a price turn in Brazil right now. Pricing last week is up $20/ton. We’re seeing the price that’s codified in the United States. All it took was for some in-season demand to kick in to help turn this market around. So we think we’re coming out of this thing that we’ve had for the last 3-4 months.
He also said he was optimistic that 1Q16 cuts by PotashCorp, Canpotex and Belaruskali are allowing for a more constructive tone in the markets now.
When's the last time you heard about potash/ton being up $20? As has been said on this message board numerous times, that is the single most important number for POT.
FWIW he also mentioned that credit rating agencies prefer M&A over share buybacks, should POT want to take on anything here. And that phosphate M&A would have to be very cash accretive, as the potash business commands a greater multiple, likely meaning they would only look at potash M&A. |