Fertilizer
NTR, Mother Nature Vs. PotashTSX:NTR
Weekly
Rough 2019 for Potash and hence Nutrien
Downtrend in RSI & Price for most of 2019 and touching support
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Nutrien's 2020 guidance is positive, but I am skeptical because....
Unpredictable weather is starting to become common and in 2019 it was
For example, corn farmers in the US farm belt received so much rain, it greatly affected their yield
USA - China trade war (might be resolved soon, maybe)
China building up inventory supply at tide water to get more leverage in contract negotiation
Potash Production Tax Credit cut in 2019 by the Saskatchewan government
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However, in the medium to long term people need to eat and with millions of people being lifted out of poverty and into better circumstances, demand for potash will be there
Will be adding on further weakness
Great support level - A stock for late H2 2019 - turnaroundHMI is on a cycle after hype on revenue turnaround which we will see later this year to next year.
6.4p is at good support but best to wait a few months to see progress within company before position or perhaps add a little here & wait for a top up later on.
$1mil revenue as of Late Dec 2018
Strong cash position as of late Dec 2018 - $11.9mil - £11mil mcap
Massive expenses by June 2018 as they were developing the company ahead of sales.
The enlarged plant became fully operational in Q3 2018 so last final results don't reflect post revenue.
next set of results though already known to be 25% below expectations so I think this is a stock for H2 2019 post final results as we might have a further dip then.
I do think HMI will turnaround after that period as revenue should/would start increasing with less issues.
keep on watchlist.
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The Company's expectations, at this stage, are that the sales price and cost of production numbers assumed by the Company brokers are materially in line with the Company's full year expectations. The Company expects that the assumptions relating to sales volumes (and therefore revenue) and resultant profit before tax, will not be met by the 30 June year end, predominately as a result of a timing issue where the prime selling seasons in Brazil and the Company's financial year end do not reconcile and as such we see this as a timing issue not as a permanent impairment. Additionally, the Company has experienced some unbudgeted one-off costs that have impacted the Company's profit before tax in H1 2019, which are not expected to be repeated in H2 2019 or thereafter. The Company therefore expects to report a 2019 full year revenue figure approximately 25 per cent. below current analyst estimates, and to breakeven at the profit before tax level.
Sirius Minerals - polyhalite fertizer miningICL OTC:SRUXF
Two companies with naturally mined polyhalite fertilizer. Sirius Minerals at 786Fibretracement and still has not seen decent correction to market since last Thursday uptick.
Viewers come to own opines. Watching this level for own watchlist.
Financial Records of Potash Corp. for the Last 14 monthsPotash Corp. Inc. of Saskatchewan lost close to a billion dollars from December 2015 to December 2016. The company's stock prices has been going downhill for a few years. Its heyday was in the late 2000s.
Potash Corp. Inc. of Saskatchewan Financial Records The heyday of Potash Corp. Inc. of Saskatchewan was in the late 2000's before its stock prices started going on a downhill slope. The company lost close to a billion dollars from December 2015 to 2016.