CBH - CBH Resources

[countryboy]

From Shaws Brokers report: available on CBH website:

We currently value CBH at $1.02 a share and have a target price of
$1.00ps which is approximately a 78% premium to current share
price levels.
Until recently CBH has traded in line with zinc and lead price
movements, however we anticipate a share price re-rating as the
development of the Rasp and Panorama projects advance and
become more appreciated by the broader market.
There is scope for CBH’s Newcastle port facility to be used for coal
loading in the future given that it is currently only 10% utilised.

 

[countryboy]

Poised for Growth Recognition
We believe the market is poised to recognise CBH’s exceptional
growth profile. Metal output is expected to grow some 290% from
64kt in FY07 to 250ktpa in zinc equivalent terms over a 4 year period.
Growth will be driven by two new projects that being the Rasp zinc &
lead and Panorama zinc & copper projects in addition to production
improvements from the Endeavor zinc & lead mine. We recommend
CBH as Buy for investors seeking base metals exposure and a strong
growth profile.

Shaw Report

1 mine up and running and three about to start for 60c share price. ADY is producing and 50c what else is out there at this value?

 

[Miner]

Interesting report from Shaw in Dec 07.
Last broker report was in Dec 06 from Bell Potter and Holst almost on the same day.
It was not clear if CBH commissioned the broker to do the research.
Any way a copy is attached.

Regards
View attachment 061207 cbh.pdf

 

[Real1ty]

Interesting report from Shaw in Dec 07.
Last broker report was in Dec 06 from Bell Potter and Holst almost on the same day.
It was not clear if CBH commissioned the broker to do the research.
Any way a copy is attached.

Regards
View attachment 15840

The information is provided on the last page

ANALYST CERTIFICATION
The Research Analyst who prepared this report hereby certifies that the views expressed in this document accurately reflect the
analyst's personal views about the Company and its financial products.
The Research Analyst has not been, is not, and will not be receiving direct or indirect compensation for expressing the specific
recommendations or views in this report. As at the date of this report the Research Analyst does not have an interest in the financial
products of the Company.

I had this stock recommended to me, by a friend, a couple of weeks ago and have been having a good look at it.

It's only downside could be the Zinc and Lead prices for 08 and onwards and they are projected to be lower.

Of course anaylists get the prices wrong ALL the time and if they were wrong and those metals prices just stayed at todays levels, this stock will do very, very well.

Also the Chinese are considering adding export tax to Zinc and Lead from next year, so at least in the short term this should be of benefit also.

I will be looking to buy in around .55-.58 if i can get in around that price.

 

[brerwallabi]

I will be looking to buy in around .55-.58 if i can get in around that price.

You must be thinking we are going to have a couple of poor days generally ahead.
I don't think we will see 55cents again unless our market drops a couple of hundred points at least.
So what will you do if it doesn't fall, buy at market or move on and find something else.
If you really believe the recommendation from your friend and believe "this stock will do very, very well'' and has an upside whats a few cents against missing the trade.

What happens tomorrow if its 62cents?

 

[UMike]

You must be thinking we are going to have a couple of poor days generally ahead.
I don't think we will see 55cents again unless our market drops a couple of hundred points at least.
So what will you do if it doesn't fall, buy at market or move on and find something else.
If you really believe the recommendation from your friend and believe "this stock will do very, very well'' and has an upside whats a few cents against missing the trade.

What happens tomorrow if its 62cents?

Agreed.

I've been waiting with a bid at 57c. In fact I'm first in line.

Luckily I got some PEM @ $2.85 which has done very well.

CBH is where I'd like to be short and long term though.

 

[Real1ty]

You must be thinking we are going to have a couple of poor days generally ahead.
I don't think we will see 55cents again unless our market drops a couple of hundred points at least.
So what will you do if it doesn't fall, buy at market or move on and find something else.
If you really believe the recommendation from your friend and believe "this stock will do very, very well'' and has an upside whats a few cents against missing the trade.

What happens tomorrow if its 62cents?

Everyone has different trading strategies and this is one of mine.

I do my research, then set a price range i am prepared to buy in at and i do not break that range, unless new information is released.

It has saved me money and lost me money in the past, but overall it has made more than lost.

You say what's a few cents, well that depends on how much you invest as a few cents = hundreds of dollars, depending on your outlay.

You say we won't see .55 again unless our market drops a couple of hundred points, but it doesn't always work like that.

Sectors get sold off in complete and utter disregard to how the market is performing in that day/week/month.

Metal prices will also have a bearing and with the next week or so possibly seeing an easing of Lead prices and possibly Zinc, it may see a sell off.

Of course it may also take off and hit .70c but as i said previously, that is not how i invest and if i miss an opportunity, i am a patient man and i can move on or wait for that share to come down again, if it does.

There is a lot of uncertainty surrounding the pricing of Zinc and Lead, so while the improved production for CBH is great, will it perform to expectations with rising input costs and lower metals prices, i belive that is what the market is waiting for with this stock.

That's my 2c worth anyway.

 

[jeromejf]

CBH is looking good on the most recent new anounced

CBH Resources (CBH) reports recent surface diamond drilling at the Hera deposit has recorded strong mineralisation.

The drilling confirms the "excellent" potential to expand the Hera base-metal and gold resource within the Hera-Nymagee corridor.

Following the recently announced successful drilling of the high-grade gold core of the Hera Main Lens, CBH commenced testing the extensions of the Far West and Hayes North structures at the north end of the Hera deposit.

Previous drilling by Triako in this area had recorded some of the highest grade intercepts outside the Main Lens, including 6.9m @ 17.1g/t Au, 8.2% Pb, 13.5% Zn and 45g/t Ag, (hole TNY074) which were open along strike and at depth. Geological interpretation and IP electrical geophysics indicates a northern extension to the mineralised trend, and recent diamond drilling focussed on infilling near TNY 074 and testing the along strike projection of mineralisation.

Ive come in late but i am getting in now ..hopefully this news will let the rise stay for some time.

 

[UMike]

You must be thinking we are going to have a couple of poor days generally ahead.
I don't think we will see 55cents again unless our market drops a couple of hundred points at least.
So what will you do if it doesn't fall, buy at market or move on and find something else.
If you really believe the recommendation from your friend and believe "this stock will do very, very well'' and has an upside whats a few cents against missing the trade.

What happens tomorrow if its 62cents?

Well we have had a couple of poor days now

Got more at 57c and are now hoping for a couple of good days.

 

[jeromejf]

Hopefully this news will see some rise . there has been a few upgrades recently but no real rise in prices... just wondring when its gonna start rising
CBH today announced a 1.4 million tonne upgrade to the Sulphur Springs deposit, Panorama project, taking the total resource to 15.5 million tonnes at 3.5 per cent zinc and 1.3pc copper.

This follows recent drilling along strike that has extended the mineralisation to the west by approximately 150 metres.

 

[Real1ty]

Hopefully this news will see some rise . there has been a few upgrades recently but no real rise in prices... just wondring when its gonna start rising
CBH today announced a 1.4 million tonne upgrade to the Sulphur Springs deposit, Panorama project, taking the total resource to 15.5 million tonnes at 3.5 per cent zinc and 1.3pc copper.

This follows recent drilling along strike that has extended the mineralisation to the west by approximately 150 metres.

It's just due to all the uncertainty.

The market has copped a real hiding of late and not many stocks have been spared.

I think the days close was quite good, considering it hit .48c.

I am still not a holder of this stock.

 

[Stan 101]

I bought back in from 52c to 49c yesterday and look forward to thixs share jumping back up to 60c and on with the production coming on line next year. I was happy with the recent announcements..


cheers,

 

[michael_selway]

Well we have had a couple of poor days now

Got more at 57c and are now hoping for a couple of good days.

Hm, its has dropped quite a bit of late

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 4.7 7.4 8.3 3.8
DPS 0.0 0.0 0.0 1.5

thx

MS

 

[UMike]

I bought back in from 52c to 49c yesterday and look forward to thixs share jumping back up to 60c and on with the production coming on line next year. I was happy with the recent announcements..


cheers,

I also are waiting for it to back up to 60c to make sense of my 57c purchase


Lucky I bought with my last remaining few dollars a few @ 48c.

Westpac re-rated it today with an Intrinsic value of 57c

Should bounce back quickly ...... imo

 

[Stan 101]

Umike, what did Westpac have the value at previously?......................

Cheers,
.............................................

 

[UMike]

Umike, what did Westpac have the value at previously?......................

Cheers,
.............................................

54c (by memory) they maintained a buy rating.

The main reason for the intrinsic value upgrade was for the update on the drilling results at Panorama in the "Significant Resource Increase for Panorama Open Pit Cu-Zn Project" Ann.

 

[brerwallabi]

Well we have had a couple of poor days now

Got more at 57c and are now hoping for a couple of good days.

You might have got mine then Mike as I exited my trading plan did not allow me to hold.

Such is life.

 

[UMike]

You might have got mine then Mike as I exited my trading plan did not allow me to hold.

Such is life.

Well it appears that you are ahead already.


1,000 apology's for the incorrect intrinsic values I had for Westpac's valuation.
My excuse was I had a wriggling toddler on my knee at the times.

The updated value is 74c and it was 72c prior. (I am now logged on and reading it)


Very sorry for the incorrect data and noticed it did not make sense (news worthy interest) today upon re-reading it.

 

[UMike]

CBH hammered just prior to the Half year reports.
While a little dissapointing, the results wern't unexpected.

Now that it may be linked with PEM in some way has recovered this weeks loses.

Good luck to all holders

 

[Miner]

When two lost brains meet togetehr they produce the finest idiot.

CBH was sinking and then this PEM merger talk. How come two inefficient organisations can have any synergy : they will sink more even if PEM share has been shot and CBH . All temporary phenomenon. This is the extract of report in FN Arena. I am posting in CBH as PEM and CBH will be applied together.


Market Sentiment: 0.6



PEM - PERILYA LIMITED
Credit Suisse rates PEM as Downgrade to Underperform from Neutral - The analysts have downgraded Perilya's rating due to recent relative share price movements. In the past five days, Perilya's share price has risen 17.4% while the S&P/ASX200 has fallen 1.2%.
Perilya has released encouraging results from its Mount Oxide deposit. Although this is positive, analysts believe that earnings will drive the share price, and Credit Suisse maintains the outlook for Perilya's earnings is weak at present.

Target price is $1.70 Current Price is $1.90 Difference$0.20) - (brackets indicate current price is over target). If PEM meets the Credit Suisse target it will return approximately - 10% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in June. Credit Suisse forecasts a full year FY08 dividend of 3.90 cents and EPS of 15.80 cents . At the last closing share price the estimated dividend yield is 2.06%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.99.