KZL - Kagara Limited

[coyotte]

Re: KZL - Kagara Zinc

Thanks Nizar
for the percentages on Copper
really makes the hedge position just a insurance premium


as far as future earning though --- turn down in US housing starts -- China or no China this must surelly take the edge of builing materials ---


Cheers

 

[michael_selway]

Re: KZL - Kagara Zinc

Just going off your footnote about discounting for future RISK

Current Forcast (@ this stage of Fin/year 19.9c p/s @ a PE 15 (max for a Oz mining stock) would put its TODAYS value @ max $3.00 (anything else is forcasting)

I Hold and probablly will continue to hold KZL

didn't mean to upseat the applecart

Cheers
Coyotte

yeah as Nizar said, u have to look at current as well as future forecast EPS etc, ie forward PE. When spot prices of zinc goes up or down, forecasts EPS needs to be changed as well for obvious reasons

KZL - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 7.2 19.9 61.1 40.1
DPS -- 0.0 0.0 0.0

61cents*15 = $9.15

Also PE 15 might be too high, considering 2008 will be lower, so conservative 10 maybe:

61cents*10 = $6.10 assuming price stay the same aprox during the periods average

thx

MS

 

[nizar]

Re: KZL - Kagara Zinc

MS

Earnings upgraded YET AGAIN to 64cps.......
PEM downgraded, any ideas why (i remember used to be 68c now its 57c)

Surely u must be thinking of an entry into KZL now at these CHEAP prices (not saying that it cant get cheaper) ?

 

[clowboy]

Re: KZL - Kagara Zinc

Yea thats the problem Im facing Nizar, It COULD get cheaper.

 

[michael_selway]

Re: KZL - Kagara Zinc

MS

Earnings upgraded YET AGAIN to 64cps.......
PEM downgraded, any ideas why (i remember used to be 68c now its 57c)

Surely u must be thinking of an entry into KZL now at these CHEAP prices (not saying that it cant get cheaper) ?

yeah was wondering well, behind all the recent selling and falling metals prices, EPS has been upgraded? maybe they underestimated KZL before

Pem they lowered 2007 one but upgraded 2006 one. Maybe because of fallign prices? IMO both of these companies are still good and they are profitable producers as well

KZL - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 7.2 17.6 64.0 41.7
DPS -- 0.0 0.0 0.0

PEM - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS -2.8 34.1 57.9 47.4
DPS -- 2.0 2.0 2.0

thx

MS

 

[michael_selway]

Re: KZL - Kagara Zinc

Yea thats the problem Im facing Nizar, It COULD get cheaper.

Updated

KZL - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 7.2 18.0 64.0 58.7
DPS -- 0.0 0.0 0.0

thx

MS

 

[DOC]

Re: KZL - Kagara Zinc

hi,
i am new to these forums and have just bought my first lot of KZL.
Thoroughly enjoy reading all your interesting posts, i have found the info very useful. thks.
is anyone aware of KZL's dividend policy, and if they are going to pay dividends anytime in the next few years?

thks again.

 

[zzkazu]

Re: KZL - Kagara Zinc

You can obtain dividend info directly from ASX site.

http://www.asx.com.au/asx/research/...panyName=&principalActivity=&industryGroup=NO

seems to be none for this security...

Also I'm thinking considering the low volume I will short (subject to DOW performance tonight) on monday. Have managed to make good returns trading the bounces.

zzkazu

 

[rederob]

Re: KZL - Kagara Zinc

hi,
i am new to these forums and have just bought my first lot of KZL.
Thoroughly enjoy reading all your interesting posts, i have found the info very useful. thks.
is anyone aware of KZL's dividend policy, and if they are going to pay dividends anytime in the next few years?

thks again.

From KZL's IPO in 1999:
Dividends
In light of the developmental
nature of Kagara's projects, it is not
expected that Kagara will be in a
position to pay dividends in the
short term.
A dividend policy will be
considered once Kagara has
achieved sustainable profits.
Such a policy will take account of
the cash requirements for future
exploration, development and
growth objectives at that time.
Neither of the last 2 annual reports had any statements on a dividend policy.
I think this year they will have so much cash they will need to set out their pollicy, although they may not offer a dividend until 2007 at earliest given their exploration and development activities are still in full swing.

 

[michael_selway]

Re: KZL - Kagara Zinc

From KZL's IPO in 1999:
Dividends
In light of the developmental
nature of Kagara's projects, it is not
expected that Kagara will be in a
position to pay dividends in the
short term.
A dividend policy will be
considered once Kagara has
achieved sustainable profits.
Such a policy will take account of
the cash requirements for future
exploration, development and
growth objectives at that time.
Neither of the last 2 annual reports had any statements on a dividend policy.
I think this year they will have so much cash they will need to set out their pollicy, although they may not offer a dividend until 2007 at earliest given their exploration and development activities are still in full swing.

Yep along with ZFX, PEM, CBH, these should be great companies going forward.

thx

MS

 

[moses]

Re: KZL - Kagara Zinc

Trading halt pending announcment.

This stock has been falling today...will we find out why?

 

[moses]

Re: KZL - Kagara Zinc

Upgrade (snipped)

The effect of these upgrades has been to increase the metal inventory at Red Dome and Mungana to 1.53
million ounces of gold, 394,000 tonnes of zinc, 132,000 tonnes of copper, 99,000 tonnes of lead and 26
million ounces of silver. This represents an inventory increase of 51% for gold, 34% for silver, 37% for copper
and 30% for zinc in the last twelve months. Lead inventory decreased by 8%.

 

[Freeballinginawetsuit]

Re: KZL - Kagara Zinc

How high can this liitle beauty go. Nice last three days and still running.

 

[michael_selway]

Re: KZL - Kagara Zinc

How high can this liitle beauty go. Nice last three days and still running.

not only KZL, but check out PEm, CBH, ZFX, TZN etc

thx

MS

 

[Freeballinginawetsuit]

Re: KZL - Kagara Zinc

not only KZL, but check out PEm, CBH, ZFX, TZN etc

thx

MS

KZL Is one of my long termers, so considering maybe $ 5.00 realize some profit and leave the other half in. In youre opinion do you think its got a few legs in it for tommorrow.

I got out of ZFX yesterday, love em!

 

[rederob]

Re: KZL - Kagara Zinc

KZL Is one of my long termers, so considering maybe $ 5.00 realize some profit and leave the other half in. In youre opinion do you think its got a few legs in it for tommorrow.

I got out of ZFX yesterday, love em!

Anyone selling zinc equities at the moment should go to the doctor and seek an appropriate prescription.
I suggest zinc tablets for your poor night vision Mr Freebies.

 

[Freeballinginawetsuit]

Re: KZL - Kagara Zinc

Anyone selling zinc equities at the moment should go to the doctor and seek an appropriate prescription.
I suggest zinc tablets for your poor night vision Mr Freebies.

You have to admit its looking tempting though I mean only a month ago I picked them up for $3.90 and the sellers kept topping me up, whats their reasoning then or were they just naive!. Hows KZL's fundamentals considering their market cap, profitts etc and they don't hedge, a real beauty.

 

[Freeballinginawetsuit]

Re: KZL - Kagara Zinc

KZL Is one of my long termers, so considering maybe $ 5.00 realize some profit and leave the other half in. In youre opinion do you think its got a few legs in it for tommorrow.


Still going, even in a sea of red

 

[michael_selway]

Re: KZL - Kagara Zinc

You have to admit its looking tempting though I mean only a month ago I picked them up for $3.90 and the sellers kept topping me up, whats their reasoning then or were they just naive!. Hows KZL's fundamentals considering their market cap, profitts etc and they don't hedge, a real beauty.

Yeah forward PE wise its approaching 10, but it doesnt have limited mine life so its still good i guess

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 7.2 19.4 64.5 51.3
DPS -- 0.0 0.0 0.0

thx

MS

 

[rederob]

Re: KZL - Kagara Zinc

MS
I expect at worst KZL will trade at around 6x next year, with progressive quarterly results into 2007 reducing that markedly: I suggest you take the Comsec data with a grain of salt, especially their out-years. If folk relied on Comsec then ZFX would still be about $3. and OXR about a dollar!!!
KZL's other metal outputs, especially copper, are still ramping up so I expect strong price upside in the medium to long term.
I say this even if there were to be a bit of hiccup in commodities because the company is still in a growth stage. Plus, its exploration results have been adding to resources/reserves at a considerable rate, suggesting prospectivity is high.