I will try to do this today with the hope to be able to shed some light on a rather bizarre attack which will nevertheless have profound consequences. To believe that it would require you to find the following sequence logical: Then, the US declares that overthrowing Assad is not a priority anymore up to here this is all factual and true.
K-Green is very clean, no debt but its assets are concession based and the highest contributing had a concession of 10 years. Worse, they made an acquisition in Basslink in Australia that was nothing short of a disaster.
The transaction itself is not going to be very yield accretive, given any of the financing methods. However, it does help the business trust reduce its dependency on some concession based source of cash flow.
But it does not hid the fact that there are some returns that are based on return of capital then a return of capital. KIT does present itself with an attractive 8. And given that it looks like a perpetual business, it looks an investment that I am more willing to fork out money for, as a shareholder, rather than one that is a limited concession again.
Then again, shareholders of KIT is not getting any bargains here as well, as majority of the peers are trading at a mean or median valuation close to them.
Buying form a private equity group, who needs to hit a hurdle rate of return, often does not sound like you can get a good proposition so I am not sure why Blackstone Group would wish to sell Ixom. Ixom became their cornerstone investment, in their venture into Australia. Orica, had a motivation to sell because they were facing some challenges in their core business and selling the chemicals business which became Ixom would allow them to do a massive share buyback.
I do wonder how recurring this business is. I do like that its a capital intensive business that might not be so easy to replicate. Sole manufacturer of liquefied chlorine in Australia from what management estimates Number 1 chemicals manufacturer and distributor in Australia and New Zealand Number 1 distributor of manufactured caustic soda in Australia and New Zealand The chemical products are mainly used in treatment of water, as well as specialty chemicals in a few industries.
And since their customer consistently need these chemical supply, they need an infrastructure base to make, store and distribute. This is not easily to replicate. I do not have an issue finding out the nature of the cash flow prior to I have gone through the report and tabulated some of the financial data.
InOrica reclassified the chemicals in mining from chemicals back into their mining segment. From the data that I see, it is not as if the mining chemical outperformed the other chemical business. I think this is because they do see that aspect of the chemical business to still be strategic in their service delivery.
From towe are able to see the data where Chemnet and mining chemicals was integrated. It is also interesting that during the financial crisis, the business was pretty stable.
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The latest US cruise missile attack on the Syrian airbase is an extremely important event in so many ways that it is important to examine it in some detail. The Texarkana Gazette is the premier source for local news and sports in Texarkana and the surrounding Arklatex areas.