Australian (ASX) Stock Market Forum

CBH - CBH Resources

Wow, what a day for this stock.
I know price of zinc rose overnight but does that justify increase of more than 10% in one day? I was surprised because there was no other siginificant ann released either. Not that I'm complaining. :D
 
earnings have been upgraded for 11.4cps in 2007

all zincers seem to be trading on very low pe for 2007 forward earnings

cbh: 4.4x
zfx: 5.4x
kzl: 7.8x
pem: 4.6x

and what price have analysts use to calculate 2007 forecast earnings, probably $1.00/lb... so any suprise will be to the UPSIDE... :D
 
coladuna said:
Wow, what a day for this stock.
I know price of zinc rose overnight but does that justify increase of more than 10% in one day? I was surprised because there was no other siginificant ann released either. Not that I'm complaining. :D

Actually it is because of the Zinc Price about 5% increase on LME overnight, thus nearly most of the below rose alot today

Zinc Majors: ZFX, PEM, KZL, TZN, CBH , OXR
Zinc Minors: HER, AIM, JML, INL, UCL, AUL

Nizar, actually they updated alot of consensus forecasts today, see below

CBH - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 1.4 -2.3 11.4 10.8
DPS 1.0 0.0 1.0 1.0

PEM - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS -2.8 32.1 68.3 54.6
DPS -- 2.0 2.0 2.0

ZFX - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 35.9 166.0 219.0 156.5
DPS 4.0 36.5 50.0 29.0

KZL - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 7.2 20.7 55.9 40.1
DPS -- 0.0 0.0 0.0

OXR - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 5.6 24.2 16.1 15.1
DPS -- 2.0 2.0 2.0


thx

MS
 
michael_selway said:
Actually it is because of the Zinc Price increase on LME, thus nearly most of the below rose alot today

Zinc Majors: ZFX, PEM, KZL, TZN, CBH , OXR
Zinc Minors: HER, AIM, JML, INL, UCL, AUL

Nizar, actually they updated alot of forecasts today, see below
.....

Thanks guys for these great posts on metals, very helpful guides, much appreciated. I note there was some resistance, as expected, at the old highs for CBH, might see some consolidation before the next breakout, all depends on Zinc price over the weekend imo.
 
michael_selway said:
Actually it is because of the Zinc Price about 5% increase on LME overnight, thus nearly most of the below rose alot today

Zinc Majors: ZFX, PEM, KZL, TZN, CBH , OXR
Zinc Minors: HER, AIM, JML, INL, UCL, AUL

Nizar, actually they updated alot of consensus forecasts today, see below

CBH - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 1.4 -2.3 11.4 10.8
DPS 1.0 0.0 1.0 1.0

PEM - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS -2.8 32.1 68.3 54.6
DPS -- 2.0 2.0 2.0

ZFX - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 35.9 166.0 219.0 156.5
DPS 4.0 36.5 50.0 29.0

KZL - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 7.2 20.7 55.9 40.1
DPS -- 0.0 0.0 0.0

OXR - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 5.6 24.2 16.1 15.1
DPS -- 2.0 2.0 2.0


thx

MS


yes i noticed MS but i thought it was updated after the quarterly reports

OXR 15.1cps earnings for 2008

WAT A JOKE

Thats when prominent hill will come and double gold production and add a considerable amount of copper also...

Haha.. yeh 15.1... we'll see about that...
 
coladuna said:
Wow, what a day for this stock.
I know price of zinc rose overnight but does that justify increase of more than 10% in one day? I was surprised because there was no other siginificant ann released either. Not that I'm complaining. :D

Just remember, that a 2% increase in price can mean a 10% increase in profits (cause you have to factor in operating costs). e.g. if operating costs were $1.00/lb, a price increase from $1.50 to $1.55 would be a 10% increase in profit margin.

Well, all the Zn players had a nice run today... but none as strong as CBH- good luck to those that bought in in the low 40's...
 
YOUNG_TRADER said:
I have rough EPS of 15c for them once production back in full swing @ 8x per = $1.40

Expect Big things!
Damn YT- don't you get sick of always being right!!! :D (CBH, BMO, TZN<, SMY...) You're fast overtaking the chicken and Richo as the new ASF guru.

Guess your CBH buy in at 46c don't look so bad after all...
 
Bought today also at 53c.
Expecting 65.5c from Measured Move Analysis.
Stop 49.5c
 
Kipp said:
Damn YT- don't you get sick of always being right!!! :D (CBH, BMO, TZN<, SMY...) You're fast overtaking the chicken and Richo as the new ASF guru.

Guess your CBH buy in at 46c don't look so bad after all...


:D ;) :p:
 
Hey Michael did the other forum suggest who might be the interested takeover party?
 
kgee said:
Hey Michael did the other forum suggest who might be the interested takeover party?

My take on it, but would be good to hear from Michael if there's somethign concrete: Imo it might have been pure speculation after Teck Cominco's bid today for Inco but CBH is a great little co by all reports. Not sure if that necessarily means there's a concrete offer in the works from anyone. The relevant sector/industry normally gets a bit of a boost when there are predators chomping around.
 
Tech A:"Bought today also at 53c.
Expecting 65.5c from Measured Move Analysis.
Stop 49.5c"

Could you please explain? I've done a couple of couple of price projections but they don't match - (I hold CBH).
 
Currently at the office but its simply a measurement from last trough to last peak added to the bottom of the latest trough in this move.

I'll post the chart tonight.
 
Apparently Hartley's has a report that values CBH at $2.29 a share on spot prices....I haven't confirmed this yet
 
kgee said:
Apparently Hartley's has a report that values CBH at $2.29 a share on spot prices....I haven't confirmed this yet

really how did they get that? and what PE/EPS at $2.29

thx

MS
 
MS u must be taking another look at CBH or be holding by now surely?

I dont know what it is with broker forecasts, it seems they do not factor in non-producing mines into their forecasts... which means if Sulfur Springs does go though and add 65ktonnes copper and 75ktonnes of zinc as per forecasts, then surely earnings in 2008 will be MUCH HIGHER than forecasted...

Maybe they are waiting for BFS to be completed in June/July, i wonder what the sp will be by then...

Similar situation with Prominent Hill and Oxiana.. 2008 earnings lower than 2007!! ... they will earn maybe 45cps in 2008 if metal prices stay at current levels...

For CBH I reckon $1+ by the end of this year surely, it will be the first to double from here out of ZFX and KZL and PEM imo... :2twocents
 
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