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Chemtrade Logistics Income Fund (CGIFF)

Other OTC - Other OTC Delayed Price. Currency in USD
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7.11+0.50 (+7.56%)
At close: 12:05PM EDT

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  • B
    Buddy
    absolutely amazing performance. management should be very proud 👏
  • B
    Brad
    Second Quarter 2022 Highlights

    Revenue of $446.4 million, an increase of $109.1 million or 32% year-over-year, reflecting improvements in both operating segments.
    Net earnings of $34.8 million, an increase of $48.9 million year-over-year.
    Adjusted EBITDA (1) of $81.7 million, an increase of $16.6 million or 25% year-over-year, despite the approximately $21.0 million negative impact related to the North Vancouver facility’s biennial maintenance turnaround ($17.1 million) and costs related to the planned closure of the Beauharnois, QC sodium chlorate facility later this year ($3.9 million).
    Cash flows from operating activities of $84.0 million, an increase of $33.1 million or 65% year-over-year.
    Distributable Cash (1) of $25.9 million, an increase of $4.7 million or 22% year-over-year, with a distribution payout ratio (1) of 47% for the trailing twelve months ended June 30, 2022.
    Continued balance sheet improvement, as demonstrated by a Net Debt / Adjusted EBITDA (1) ratio of 3.2x at quarter-end, as compared to 6.1x at the end of Q2 2021.
    Increased 2022 Adjusted EBITDA guidance to a range of $360 million to $380 million, compared to previous 2022 guidance of $300 million to $330 million. This increase primarily reflects Chemtrade’s strong year-to-date results and ongoing favourable market fundamentals for the majority of Chemtrade’s key products, but most notably for chlor-alkali chemicals.
  • B
    Brad
    probably their best ever quarter being reported today after close
  • J
    James
    Near 8% upside to current target price with a 6%+ dividend … why would anyone sell at this time
  • J
    Jimmy
    Scott: Q3 will be a record quarter..."
  • D
    Derrick
    Oh wow absolutely tremendous...congratulations to the chemtrade board and ceo...and to all longs here. Absolutely going to 10 to 12 range this year. Personally holding long term ...10 years....and enjoying the divy which in few quarters will likely tick up more even.
  • R
    Rob
    Fantastic earnings report!! Let’s see how the market reacts!
  • A
    A different J
    First time we've seen these numbers since pre-covid. Broke though the 8.95 resistance nicely but left a gap in our wake. Our price today touches the top of our rising channel. Look forward to updated analysis.
  • D
    Derrick
    I see 10 in our near future.
  • J
    Jimmy
    now let's wait for all the analysts to revise up their target 🤑
  • K
    KN
    Monster quarter... enjoy tomorrow kiddies!
  • j
    john
    Will we see $10 share price ever again? Would be nice.
  • P
    PAUL
    Anybody have suggestions if I should sell my debentures and buy stock or convert them
    I have the 8.5% and 6.5%.
  • K
    KN
    This will have great earnings tomorrow.
  • d
    david
    Added early .. took out profits from another monster that made me money and then her into chem
  • S
    SeanM
    Dripped at 7.88
  • B
    Brad
    I emailed Scott Monday, responded within 2hrs. Asked where AZ products were destined for. TSMC AZ, Intel AZ, and Samsung TX. Also asked if he was concerned about Intel possibly delaying the New Albany Ohio chip plant, (Chemtrade is adding to their Cairo Ohio ultra pure acid site). He said no concern as the expansion there was not destined for Intel.
  • C
    Corry
    2 more days
  • B
    Brad
    what great news!
  • D
    Derek
    Any advice on investing 500k in Che?
    At $7.70
    Would give me about 65000 shares.
    Would pay me $3240 monthly.
    I also owe 500k on my mortgage.
    I’m locked in for another year at 2.7%.
    Do I Use the 500k to be mortgage free?
    Or buy shares and basically pay my mortgage and interest with the div.
    I also emailed my financial advisor, but thought I’d see what kind of answers I get here.
    Cheers