OZL - Oz Minerals

[PhoenixXx]

I am interested to know................
how many people are still holding this stock?
and how much did you pay per share?

 

[acedrum]

I am interested to know................
how many people are still holding this stock?
and how much did you pay per share?

Ha ha yes and not telling
Needless to say it's one for the bottom drawer...

Bought OXR on fundamentals, made a small gain in May 07 then got back in a few months after that. Ah well.

 

[new2sharemkt]

OZL - Good Buy?

Hi all,

I'm new to the share market, haven't had much experience in this, and i wanted to makesure that the first is appropriate.

I ve being looking at OZL for awhile now, I was thinking about invest in that, however, due to the Credit crisis, it seems to be abit unstable, its at 0.97 on friday, i m not too sure, whether i should invest in that at that the price.

Can I have some recommondations.

Thanks guys.

 

[nick2fish]

Re: OZL - Good Buy?

Hi all,

I'm new to the share market, haven't had much experience in this, and i wanted to makesure that the first is appropriate.

I ve being looking at OZL for awhile now, I was thinking about invest in that, however, due to the Credit crisis, it seems to be abit unstable, its at 0.97 on friday, i m not too sure, whether i should invest in that at that the price.

Can I have some recommondations.

Thanks guys.

Hi,
My only recommendation would be to make no decision until you have spent a week(or a year) reading threads here such as AXO analysis, Your best trading rule, Dollar Averaging good or bad? plus headlines such as Copper Ends Lower On Glommy Outlook and keep your money in your back pocket(or ING) for a bit.
That is My Opinion NOT Advice

 

[golfmos123]

OZL is a bit of a teaser of late. I have been trading it a little bit between the 0.90 and 1.15 range. Would be happy to re-enter again once it hit 90 or maybe a touch lower.

Long term - to me it seems pretty much a no brainer, but then again, many many stocks look cheap if you analyse where they were. But the real question is where are they going now, not where they have once been

OZL also suffers in comparison to the BHPs and RIOs of the world by not being as diversified (obviously I guess!).

 

[PhoenixXx]

Hi all,

Does anyone know why the OZL's P/E ratio is going up but the S/P is going down?

 

[new2sharemkt]

Re: OZL - Good Buy?

Hi,
My only recommendation would be to make no decision until you have spent a week(or a year) reading threads here such as AXO analysis, Your best trading rule, Dollar Averaging good or bad? plus headlines such as Copper Ends Lower On Glommy Outlook and keep your money in your back pocket(or ING) for a bit.
That is My Opinion NOT Advice

thank you very much for that response, really appreciated.
I ve being reading analysis from different sources, however, they tend to be saying things differently, i wonder why?

where do u usually read reports, news or annoucements from? (if u dont mind sharing).

Trust me, i m very keen to get this started, however, i m very risk-adverse.

 

[skyQuake]

Hi all,

Does anyone know why the OZL's P/E ratio is going up but the S/P is going down?

Depends on your data source. While share price may get updated to the second, the PE ratio may get updated weekly. ie it might be calculated using yesterday's price etc..

Alternately, they are factoring in the reduced earnings and changing the PE ratio accordingly.

All depends on the whims of the data provider.

 

[PhoenixXx]

Does anyone know what is happening with this good fundamental OZL.........14% down....................................................

 

[Nyden]

Does anyone know what is happening with this good fundamental OZL.........14% down....................................................

Not-so-good fundamentals?
Weak manufacturing reports from the US, a slow down in China ... sigh, why people expect commodity stocks to rise is beyond me :

... it may be the fact that short selling is allowed again from tomorrow (for non-financials); and people are getting out before the shorters start their work on this one again

 

[Boggo]

... it may be the fact that short selling is allowed again from tomorrow (for non-financials); and people are getting out before the shorters start their work on this one again

Nyden, you sound like the dudes who were blaming short selling for driving FMG down, they are a bit quiet at the moment even though FMG has lost 50% since the short selling ban came in.

I don't go long on some stocks at the moment because I can't insure them with a short, no shorting can have the effect of inhibiting upward movement in a volatile environment.

My

 

[Nyden]

Nyden, you sound like the dudes who were blaming short selling for driving FMG down, they are a bit quiet at the moment even though FMG has lost 50% since the short selling ban came in.

I don't go long on some stocks at the moment because I can't insure them with a short, no shorting can have the effect of inhibiting upward movement in a volatile environment.

My

Don't assume. I, of course know that shorting doesn't have the effect many claim it to have - but that's the key word, many. The masses are convinced that short selling is to blame, and the perception is that short selling will hurt SPs. Self fulfilling prophecy, I'm afraid.

 

[Boggo]

Don't assume. I, of course know that shorting doesn't have the effect many claim it to have - but that's the key word, many. The masses are convinced that short selling is to blame, and the perception is that short selling will hurt SPs. Self fulfilling prophecy, I'm afraid.

Fair point Nyden, "the sky is falling in" brigade are starting to re-appear again in some quarters.

Cheers

 

[Boggo]

Does anyone know what is happening with this good fundamental OZL.........14% down....................................................

Back on the subject of OZL, the fact that they converted ZFX cash to AUD at the peak of the AUD and still kept their debt in $US would be a pretty good reason why they should fall.

Short the bejasus out of them IMO, with those sort of decisions we need to make money on the way down, not going to make any waiting for them to go up.

 

[jonnycage]

im still holding these seemingly downward shares, averaging around
the $1 mark.

cant see the zinc price bouncing back up (or many other metals for that matter) any time soon.

so i think its a matter of holding on, that is until you are fully obsorbed
in total loses.

thats when the real fun begins.

no point selling just yet.


do wish i had sold my bulk of zinifex at a tidy profit, many moons ago.

keep on rocking
jonny

 

[Sean K]

im still holding these seemingly downward shares, averaging around the $1 mark.

'seemingly downward'.



What a disaster for buy and holders.

Or, is this going to be a once in a lifetime buying opportunity?

 

[jonnycage]

that was as nice as i could put the shocking spiral downward


id really like to think its a once in a lifetime, but
cant justify out laying any more precious cash on this one.

just like a trip on the titanic at present.

 

[Fung]

Maybe it's the once at a lifetime chance but I don't really think it's "value stock" at all. Also no one knows when will it touches the bottom. Even if you bought @ $0.9-$1 range you are losing 40% already, and even worse for ppl who bought OXR and ZFX before and still holding after they merge. That's almost 80-90% losses I guess

PS: I do hold OZL

 

[Sean K]

Hooly dooly!!!!

52 centimos.

Must have a present PE of about 3, but forward???

1047 [Dow Jones] JPMorgan joins long list of analysts slashing commodity forecasts, cuts 2009 aluminum forecast by 10.9% to 97 cents a pound, copper down 12.8%, to US$1.93/lb, down from average expected price of US$3.18 this year. Nickel and zinc down 15% and 17.4%, respectively. Soft commodity demand to drive asset impairment writedowns among mines in upcoming reporting season, says JPM. OZ Minerals (OZL.AU) yesterday announced it will undertake an impairment review of all assets as of Dec. 31. JPM says it expects impairment writedowns in calendar year 2008 financial report. (EFB)

 

[Sean K]

Then this:

1004 [Dow Jones] STOCK CALL: UBS upgrades OZ Minerals (OZL.AU) to Buy from Neutral; price target maintained at A$1.00. "Given the moves in commodity prices and equity markets, (yesterday's) comments on earnings and impairments should have come as no surprise," analyst says. "Although the OZL stock price is likely to remain under short-term pressure, the assets now appear to be significantly undervalued when taking a view through the cycle." Last trade 63 Australian cents. (SVM)