| Modified | DDT
| || © Coherent Systems Inc .
! Moving from NASDAQ to NYSE OCT 4 !
============================: THU.OCT,961003 :============================
New York Stock Brokers Club . Harry`s @ Hanover Sq .
|16:45| Agrium John CEO :
Gordon CFO | Chnm - in town for moving to NYSE frm Nasdaq Trmro
3yrs in mkt , US trade yr may / but 65 yrs in Fertilizer Industry
World pop increase 100 M peo % yr
Limited land | carryover grain stocks to use now : ~ .08 , normal .18
expect to continue low - w requre several yrs bumper crops to replenish
NH3 business . consolidation
declineing capacity - | .excess capacity .03 of demand ; Urea .05 x demand
was part of Cdn Cominco Mining .
Suply all 3 nutrients : N nitrogen P phosphorus K potasium
Global focus . acqs & grass roots projects
Southrn Cone SA - Argentina - consumption exponential because still low in
8 hi service retail outlets : units : 4 4 10 yr to yr thru next .
Import terminal . Building 1st NH3 in Argentina | Alberta natural gas
advantage .7 of tot cost .
Vertically integrated . prod wholesal retaio R&D
228 retail outlets - #2 in states | bigest mkt western NA ~
Western Cdn Phosphate stable price producer .
Amonium Nitrates , Ammonia Storage Facility . Ammoinium pipeline .25M
tons % yr @ % 3 cost of truck or rail . ~ along Missisippi valley .
65 yrs in busn . | revs | 729 614 | 96 95 |
Strik @ potash Opps cost 6M
Nitrogen sold out every yr |
.05 Share repurchase 9303 | doing another 3.3 M shares
| Nasd vol 200K % day
Agrium P % E : $ 7-7.5 | vs IMC Global & others | range 12 62 , 3 % 1 split ,
now ~ 19 Cdn$
|17:9| ?s : Lucander : instability in S.Amer ? Deal in US $ cash | worry abt
govt falling apt ? not much | Venisuala Peru | Brazil ? y
| O+ : Organic Farming ? Dale Mkting : Plants can`t tell .
Calgary CD : HQ - N | Mngt 67M shares pub float - widely held .
13+5 % 8 . 14 +- on NASDAQ
~ FreeportMcWarne | Competition : Veridian , CooPs in US , Terra Arcadian
R&D : slow release fertilizer |
Lucander : Russia ? there earlier . lot of Govt production . expensive |
Africa ? does have New arible land | Are working on S.E.Asia
I : K ? Saskatchewan .35 of world Potash . life > 100 yr | Phospate milling
in ID w > 40 yrs reserve .
Semi Desert CA & AZ ? matter of water |
pestisides ? for Soybeans - Retail frm Monsanto & Ciba Geigy
In R&D making integrated product | Competition ? ' too much ' .
Acqs ? working on .
Ranking of Cost Effectivenes ? self best - based on Gas price advantage .
Retail units stand alone as profit ctrs |17:28|
-= match =-= match =-= match =-= match =-= match =-: Quick survey of online info :-= match =-= match =-= match =-= match =-= match =-=
AGMIF is currently trading at $13 7/8
Symbol : AGMIF Exchange : NASDAQ
Description : AGRIUM INC
Last Traded at: 13 7/8 Date/Time : Oct 03 4:01:06
$ Change : -1/8 % Change : -0.892857
Bid : 13 3/4 Ask : 14
Volume : 207600 # of Trades : 63
Opening Price : 14 Last Shares : 50
Day Low : 13 5/8 Day High : 14
52 Week Low : 11 3/4 52 Week High: 16 1/4
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Company: agmif Basic Company Snapshot BASCOMPANY
Basic Company Snapshot (sm)
Address: SUITE 426
10333 SOUTHPORT ROAD SOUTHWEST
CALGARY ALBERTA T2W 3X6 CANADA, FF
Chief Executive Officer: VAN BRUNT, JOHN M.
Chief Financial Officer: MILNE, GORDON A.
Ticker Symbol: AGMIF
Exchange: NASDAQ/National Market System
Last Close: 14.000 02-Oct-96
Sales: $1170.949 million
Fiscal Year Ends: December
Most Recent Annual Data: 31-Dec-95 Most Recent Quarterly Data: 31-Mar-96
PRODUCES AND MARKETS FERTILIZERS INCLUDING NITROGEN,
PHOSPHOROUS AND POTASSIUM AT WHOLESALE AND RETAIL LEVELS; AND
MARKETS SULPHUR BASED FERTILIZERS PRODUCED BY OTHERS.
2873 NITROGENOUS FERTILIZERS 5191 FARM SUPPLIES-WHOLESALE
There is current news for AGRIUM INC received on
03-Oct-96 at 3:03 PM EST. Use Search by Ticker in the Executive
News Service (GO ENS) to retrieve the article. There is a $15/hour
surcharge for this service.
DJ 10/03 0946 Agrium - Project -2-: Follows Evaluation Of Project Tim
CALGARY (Dow Jones)--Agrium Inc. (AGMIF) said it has decided not to proceed
with its proposed Midwest nitrogen project at this time, following an
evaluation of the timing of the project.
In a news release, Agrium said it has concluded that the timing of the
project is ''premature.''
Agrium said it remains ''optimistic that market demand for nitrogen
fertilizers will eventually create a requirement for additional production
capacity in the U.S. midwest.''
As reported, Agrium will begin trading on the New York Stock Exchange
tomorrow, under the trading symbol ''AGU.''
Agrium is an integrated and diversified fertilizer company.
(END) DOW JONES NEWS 10-03-96 9:45 AM
CALGARY, Alberta--(BUSINESS WIRE)--Oct. 3, 1996--Agrium Inc. (TSE:AGU)
(NASDAQ:AGMIF) announced today that it has evaluated the timing of its
proposed Midwest nitrogen project and decided not to proceed at this time.
"We remain optimistic that market demand for nitrogen fertilizers will
eventually create a requirement for additional production capacity in the
U.S. Midwest," said John M. Van Brunt, Agrium President and CEO, "but we have
concluded that the timing of the project is premature."
CONTACT: Agrium Inc. Dick Nichols, 403/258-5746
KEYWORD: NEW YORK INDUSTRY KEYWORD: CHEMICALS/PLASTICS
\BobArmstrong;212.285.1864 X:-732-0244 ;Coherent Systems, Inc/ 42 Peck
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