123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

The Lexington Group Targets Position In Oci Resources, The Week's Only Ipo

By Author: Lexington Group
Total Articles: 20

OCI Resources is an American soda ash production division of Korea's OCI Chemical. They are planning to rise to $100 million by offering 5 million shares in a price range of $19 to $21. As $20 a share OCI Resources would have a market value of $400 million. Citi Group, Goldman Sachs, Barclays and Credit Suisse are underwriting the IPO which is expected to be listed on the stock exchange on Friday, September 13.

While OCI Resources is a new company, their predecessor had been in business since 1962. OCI Chemical, the parent company, has a long history of strong operations, causing The Lexington Group analysts to believe that the company will continue to be stable. Analysts at The Lexington Group have identified the company's strong management team, stable long lasting customer relationships and the cost advantage of producing soda ash from trona as well as offering $0.50 dividend per quarter as making it a suitable investment for our clients who are looking for significant yield in this low interest rate environment.

A risk with many mining companies is that their mine will eventually run dry, but this is not the case with OCIR. They have proven that there enough trona reserves in the ground to substantial the company for another 33 years with an additional probable reserve to last another 35 years. The demand for soda ash is expected to increase 5% per year through 2017.

OCIR stable customer base of glass and chemical manufacturers, their substantial mineral reserves, solid management team, and projected 10% annual yield make the company a strong buy in their projected price range according to The Lexington Group's analysts. We are recommending it to clients who can handle some risk, which come inherit with IPOs and are looking for substantial dividends.

Total Views: 66Word Count: 306See All articles From Author

Business Articles

1. Which Steps Are To Be Followed To Ensure Efficient Wastewater Recycling System
Author: Steve Cherng

2. Valhalla Mining Offers: What We Offer And Who We Are
Author: romyfernandis12

3. Should I Invest In Bitcoin In 2017? Here’s What You Need To Know
Author: romyfernandis12

4. Our Cryptocurrency Exchange And Bitcoin Mining Services Are The Best
Author: romyfernandis12

5. How Does Cryptocurrency Ming And Bitcoin Mining Work?
Author: romyfernandis12

6. Valhalla Mining - Service Overview, Technology, For Sellers, For Buyers The Benefits Of Cryptocurren
Author: romyfernandis12

7. Can You Make Profit With Bitcoin And Cryptocurrency Mining? Is Bitcoin Mining And Cryptocurrency Min
Author: romyfernandis12

8. A Beginners Guide To Cryptocurrency Mining: What Should You Know?
Author: romyfernandis12

9. Popular Established Sites That Appreciate Bitcoins And Cryptocurrency Mining.
Author: romyfernandis12

10. Disadvantages Of Cryptocurrency Mining
Author: romyfernandis12

11. 4 Reasons Why Merchandising Plays An Important Role In Retail Sales
Author: Lily Alvin

12. Have You Ever Read About Digital Currency Mining?
Author: romyfernandis12

13. Buying And Investing In Cryptocurrency
Author: romyfernandis12

14. Elucidation Of Bitcoin Cloud Mining
Author: romyfernandis12

15. Get Better Returns Than Stock Market And Real Estate Through Bitcoin Mining
Author: romyfernandis12

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: