AGU - AGRIUM INC - Page 6

so what did we learn?

true that!!

 

i mentioned how POT hasnt broken down..

 

no reason why agu would

We learnt that 85 bucks was (that 85 bucks was their "OEX Magnet")

 

Can't always every time guess what they are Dates -

And I notice that you did not even attempt to.

 

So 85 buck puts now, how much are THEY at ?

July 84's = 2.65 / 2.76 wthe  underlying sitting at 84.61

 

 

The right to sell at $ 85 expiring on July 20th :

 

Let's see what happens here......

 

nw 012

 

PS :

 

So POT hasn't broken down yet out of it's 40 ?

What're ya' gonna do ?.....Like, wait until it DOES ?

 

 

. C'mon man, like, gimme a break ! For the odds of that happening are perhaps 3 to 1

.

Jim rogers uber bullish on agri

Agrium Agrees to Sale of Minority Interest in Medicine Hat Nitrogen Facility and Announces $900-Million Substantial Issuer Bid to Repurchase Shares
2 days 21 hours 31 minutes ago - Marketwire via Comtex

ALL AMOUNTS ARE IN CAD$ UNLESS OTHERWISE STATED

Agrium Inc. (TSX: AGU)(NYSE: AGU) announced today that it has reached an agreement for Glencore International plc ("Glencore") to sell Viterra's minority position in a nitrogen facility located in Medicine Hat, Alberta to CF Industries Holdings, Inc. ("CF Industries") for $915-million. The resulting net purchase price for the portion related to the retail business is estimated to be about $175-million plus approximately $400-million in retail working capital. This purchase price is net of operating cash flow generated by the Agri-Products business from March 31, 2012 until close of the transaction, which is expected in the fourth quarter of 2012.

In 2011, Viterra's total Agri-Products business generated $2.4-billion in revenue and $244-million in EBITDA according to Viterra's annual report. We estimate that approximately $100-million of EBITDA represents the retail portion of the 2011 earnings, excluding any synergies to be obtained by Agrium in the future.

On March 20, 2012, Agrium entered into a definitive agreement with Glencore to acquire the majority of Viterra's Agri-Products business (including its minority interest in the nitrogen facility) upon completion of Glencore's announced acquisition of Viterra. Glencore's sale of the nitrogen facility to CF Industries will take place upon the closing of this acquisition and after the necessary approvals have been granted by Canadian regulators.

"Following today's announcement, Agrium's purchase price for the majority of Viterra's agri-retail business is even more attractive. These assets represent an excellent addition to our Retail business at a compelling valuation, and we believe that this transaction clearly demonstrates our ability to create value for our shareholders as a result of our strong position across the agricultural value chain," said Mike Wilson, Agrium President and CEO.

"Crop input demand in Western Canada has been very strong this year as a result of the attractive crop price environment and favourable growing conditions, and we are excited about the opportunity to provide even greater value for growers in this key agricultural market. We look forward to Glencore closing on the Viterra acquisition in the near future, and are anticipating that Agrium's acquisition of the retail business will likely occur sometime during the fourth quarter. As previously announced, we will continue to focus on pursuing nitrogen growth opportunities in North America," added Mr. Wilson.

Substantial Issuer Bid Share Repurchase Program

Agrium also announced today that the Board of Directors has authorized the making of a Dutch auction substantial issuer bid (the "Bid") to repurchase $900-million of its outstanding common shares. Agrium anticipates that the Bid will commence in early September 2012 and be scheduled to be completed in mid-October 2012. The maximum and minimum price that shareholders may select under the Bid will be determined in the context of the market price of Agrium common shares at the time of commencement of the Bid. Shares purchased under the Bid will be cancelled.

"The sale of the Medicine Hat nitrogen facility has provided us with an excellent opportunity to return excess capital to our shareholders. This $900-million substantial issuer bid to repurchase shares further demonstrates our commitment to providing strong shareholder returns as well as our confidence in the outlook for Agrium's businesses. Since December of last year, Agrium has also announced two significant increases in our semi-annual dividend and we will continue to evaluate further increases in tandem with the future growth in our earnings profile," said Mr. Wilson.

Agrium 2Q Profit Up 20% On Strong Demand; Plans Issuer Bid
2 days 12 hours 22 minutes ago - Dow Jones News


By Judy McKinnon

Agrium Inc. (AGU) said late Thursday that second-quarter earnings were up 20% to a record level, as sales benefited from strong demand for all crop input products and services.
The Calgary, Alberta-based fertilizer company, which last month bumped up guidance for the quarter on robust demand and a strong outlook, earned $860 million, or $5.44 a share, up from $718 million, or $4.54, a year earlier.
Adjusted to exclude items such as a gain on natural-gas and other hedge positions and a share-based payment expense, earnings were $5.47 a share in the latest period.
Results were in line with Agrium's latest projection for a profit of $5.40-$5.50 a share. Analysts polled by Thomson Reuters were expecting $5.22 a share.
Agrium said sales for the quarter rose 10% to $6.83 billion, also better than the $6.60 billion analysts had forecast. Retail sales were up 12%, while wholesale sales were little changed.
Agrium reports in U.S. dollars.
Separately, Agrium said it has reached an agreement for Glencore International plc (GLEN.LN) to sell Viterra Inc.'s (VT.T) minority stake in a nitrogen facility in Medicine Hat, Alberta to CF Industries Holdings Inc. (CF) for 915 million Canadian dollars (US$908 million). Agrium earlier this year agreed to buy most of Viterra's agri-products business - including the minority stake in the nitrogen facility - on closing of Glencore's C$6 billion purchase of grain-handler Viterra.
Agrium said "following today's announcement, Agrium's purchase price for the majority of Viterra's agri-retail business is even more attractive."
It said the resulting net purchase price for Viterra's retail business is estimated at about C$175 million, plus about C$400 million in retail working capital.
The fertilizer company also announced a Dutch auction substantial issuer bid for C$900 million of its outstanding shares. It said pricing for the buyback, which is expected to start early next month, hasn't yet been determined.
"The sale of the Medicine Hat nitrogen facility has provided us with an excellent opportunity to return excess capital to our shareholders," Agrium said.

good recent report last week but also downgraded with many peers

Man.......So is Agrium gonna get all the way to 116 now ?

 

Only to stage a Dramatic Double Top ?

 

I wouldn't put that BEYOND Wall Street....

 

 

nw 2012

Hey !.......The AGU Gap's now officially closed !......

So some selling could officially get under way

 

 

But grant them some leeway though first for a while - They'll want that added ooomph

 

 

They could easily stretch it out to 110.......Depending on how they are feeling

To one hundred and ten bucks and then some......Let's GO !

 

Let's make this freaking Rape-Job right OBVIOUS !.....(or better)

 

Prices only DO, what the charts say they MUST !

 

AGU.....Lol !.....Now we're lookin' betta !.....

Plus.....Co-incidentlly Potash is down-gapping