PEM - Perilya Limited
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Hi folks,
PEM ..... price pulled back last week, but will be
alert for some significant and positive news,
this week .....:
Key days for PEM, may be:
24-26042006 ..... spotlight on PEM and aggressive rally???
08052006 ..... 2 cycles here - significant and positive
news ..... finance-related???
22052006 ..... minor time cycle.
26052006 ..... minor
02062006 ..... significant financial news???
06062006 ..... minor but positive cycle???
12062006 ..... significant and negative cycle
26062006 ..... positive and minor cycle
28062006 ..... minor
happy days
yogi
michael_selway
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yogi-in-oz said:
Hi folks,
PEM ..... price pulled back last week, but will be
alert for some significant and positive news,
this week .....:
Key days for PEM, may be:
24-26042006 ..... spotlight on PEM and aggressive rally???
08052006 ..... 2 cycles here - significant and positive
news ..... finance-related???
22052006 ..... minor time cycle.
26052006 ..... minor
02062006 ..... significant financial news???
06062006 ..... minor but positive cycle???
12062006 ..... significant and negative cycle
26062006 ..... positive and minor cycle
28062006 ..... minor
happy days
yogi
Hi any updates for the furture?
thx
MS
http://www.smh.com.au/news/business...-at-broken-hill/2006/07/19/1153166457776.html
Sean K
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michael_selway
Coal & Phosphate, thats it!
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itchy said:
PEM mainly mine life is the issue, its only about 6 yrs i think, so shorter than ZFX, CBH, KZL etc
but nevertheless, they should all rise if zinc prices rise etc
thx
MS
There is a good discussion of the next "nickel" sector - zinc - in this week's Minesite weekly roundup which is here in full.
That Was The Week That Was … In Australia
By Our Man In Oz
Minews. Good morning Australia, another week, another record?
Oz. It certainly was for some stocks, especially those selling zinc and nickel to the steel industry. You probably saw the same reports we did down this way, that the world has almost run out of zinc, and the nickel price is showing no sign of retreating from its astonishingly high levels. The end result, naturally, is that zinc stocks such as Zinifex (ZFX), Perilya (PEM), CBH (CBH), Kagara (KZL) and Terramin (TZN) have moved into the stratosphere, joining the nickel brigade who where already up there.
Minews. A few price examples please?
Oz. Zinifex hit a 12-month high of A$15.05 during Friday trade, before settling back to close the week at A$14.65, a gain of A$1.14 (8.4 per cent), Perilya was up A70 cents (20.8 per cent) to A$4.05, down a fraction on its 12-month high of A$4.10 reached on Thursday and Friday. Kagara also set a 12-month high on Friday of A$7.34, before easing back to A$7.21, still up A82 cents (12.8 per cent). CBH, which received a severe setback at this time last year with a stope collapse in its Endeavour mine, was up A5.5 cents (8.8 per cent) to A67.5 cents, also a modest retreat from its high of A73.5 cents set on Thursday. Terramin, which is developing a small zinc mine close to Adelaide in South Australia, was up A14 cents (8.9 per cent) to A$1.70, down from a Thursday high of A$1.75.
Minews. And the nickel sector was strong again?
Oz. Yes, but not to the same extent as the zincs. Jubilee (JBM), which held its annual meeting during the week and said takeovers were off its agenda, was up a modest A20 cents (1.6 per cent) to A$12.60, down on its cracking start to the week when the stock hit a 12-month high of A$12.98. Western Areas (WSA) put on A25 cents (7.4 per cent) to close the week at A$3.64, also down from its 12-month high of A$3.79 set on Tuesday, and Minara (MRE) was up A11 cents (2.2 per cent) to A$5.20, which was some distance behind its 12-month high of A$5.55 set last week.
Minews. It looks from those price movements that the nickel sector is awfully close to a peak?
Oz. It would seem that way. It also seems to be the same with a number of the stocks exposed to the bulk end of the market where the future direction of iron ore and coal prices is being questioned. There were no dramatic falls, but the rises were modest, and not helped by a bit of corporate fiddling. Aztec Resources (AZR), which has been struggling with a takeover bid from rival Mt Gibson (MGX), and the sudden discovery of a royalty on its Koolan Island iron ore project, which it forgot to tell everyone about, resumed trading after a period in the sin bin, but hardly inspired. Volume was high on Thursday and Friday but the price only moved between A23 cents and A24 cents. There might be more to come on that royalty fiasco. Aztec’s takeover suitor, Mt Gibson, was treated more harshly, dropping A1.5 cents (2 per cent) to A70.5 cents. At the top end of the iron ore hopefuls, Fortescue Metals (FMG) returned to favour with a A78 cents (8.8 per cent) rise over the week to close at A$9.58.
Minews. And presumably your uranium stocks were hot after the production problems in Canada?
Oz. A strong week for that sector with most stocks trending up. Paladin (PDN) reached a 12-month high on Wednesday of A$6, but then fell away quite sharply to close on Friday at A$5.46, which was still up A54 cents (11 per cent) on the week. Pepinnini (PNN) also set a new high mark, trading up to A75 cents on Friday before easing back to close at A73 cents, still up A5 cents (7.4 per cent) for the week.
Minews. Much on the downside?
Oz. Very little, even the gold sector, which has been a bit of a laggard, managed to deliver some strong performances. Agincourt (AGC) reported good drill results from its Calais prospect near Wiluna and gained another A5 cents (4 per cent) to A$1.25. More importantly, last weeks’ rise took the gain over the past nine trading days to A25 cents (25 per cent). The only fall really worth noting was Consolidated Minerals (CSM) which dropped A10 cents (4.2 per cent) to A$2.30 as the takeover frenzy which gripped the stock earlier in the month seemed to run out of puff.
http://www.minesite.com/storyFull5.php?storySeq=3894
That Was The Week That Was … In Australia
By Our Man In Oz
Minews. Good morning Australia, another week, another record?
Oz. It certainly was for some stocks, especially those selling zinc and nickel to the steel industry. You probably saw the same reports we did down this way, that the world has almost run out of zinc, and the nickel price is showing no sign of retreating from its astonishingly high levels. The end result, naturally, is that zinc stocks such as Zinifex (ZFX), Perilya (PEM), CBH (CBH), Kagara (KZL) and Terramin (TZN) have moved into the stratosphere, joining the nickel brigade who where already up there.
Minews. A few price examples please?
Oz. Zinifex hit a 12-month high of A$15.05 during Friday trade, before settling back to close the week at A$14.65, a gain of A$1.14 (8.4 per cent), Perilya was up A70 cents (20.8 per cent) to A$4.05, down a fraction on its 12-month high of A$4.10 reached on Thursday and Friday. Kagara also set a 12-month high on Friday of A$7.34, before easing back to A$7.21, still up A82 cents (12.8 per cent). CBH, which received a severe setback at this time last year with a stope collapse in its Endeavour mine, was up A5.5 cents (8.8 per cent) to A67.5 cents, also a modest retreat from its high of A73.5 cents set on Thursday. Terramin, which is developing a small zinc mine close to Adelaide in South Australia, was up A14 cents (8.9 per cent) to A$1.70, down from a Thursday high of A$1.75.
Minews. And the nickel sector was strong again?
Oz. Yes, but not to the same extent as the zincs. Jubilee (JBM), which held its annual meeting during the week and said takeovers were off its agenda, was up a modest A20 cents (1.6 per cent) to A$12.60, down on its cracking start to the week when the stock hit a 12-month high of A$12.98. Western Areas (WSA) put on A25 cents (7.4 per cent) to close the week at A$3.64, also down from its 12-month high of A$3.79 set on Tuesday, and Minara (MRE) was up A11 cents (2.2 per cent) to A$5.20, which was some distance behind its 12-month high of A$5.55 set last week.
Minews. It looks from those price movements that the nickel sector is awfully close to a peak?
Oz. It would seem that way. It also seems to be the same with a number of the stocks exposed to the bulk end of the market where the future direction of iron ore and coal prices is being questioned. There were no dramatic falls, but the rises were modest, and not helped by a bit of corporate fiddling. Aztec Resources (AZR), which has been struggling with a takeover bid from rival Mt Gibson (MGX), and the sudden discovery of a royalty on its Koolan Island iron ore project, which it forgot to tell everyone about, resumed trading after a period in the sin bin, but hardly inspired. Volume was high on Thursday and Friday but the price only moved between A23 cents and A24 cents. There might be more to come on that royalty fiasco. Aztec’s takeover suitor, Mt Gibson, was treated more harshly, dropping A1.5 cents (2 per cent) to A70.5 cents. At the top end of the iron ore hopefuls, Fortescue Metals (FMG) returned to favour with a A78 cents (8.8 per cent) rise over the week to close at A$9.58.
Minews. And presumably your uranium stocks were hot after the production problems in Canada?
Oz. A strong week for that sector with most stocks trending up. Paladin (PDN) reached a 12-month high on Wednesday of A$6, but then fell away quite sharply to close on Friday at A$5.46, which was still up A54 cents (11 per cent) on the week. Pepinnini (PNN) also set a new high mark, trading up to A75 cents on Friday before easing back to close at A73 cents, still up A5 cents (7.4 per cent) for the week.
Minews. Much on the downside?
Oz. Very little, even the gold sector, which has been a bit of a laggard, managed to deliver some strong performances. Agincourt (AGC) reported good drill results from its Calais prospect near Wiluna and gained another A5 cents (4 per cent) to A$1.25. More importantly, last weeks’ rise took the gain over the past nine trading days to A25 cents (25 per cent). The only fall really worth noting was Consolidated Minerals (CSM) which dropped A10 cents (4.2 per cent) to A$2.30 as the takeover frenzy which gripped the stock earlier in the month seemed to run out of puff.
http://www.minesite.com/storyFull5.php?storySeq=3894
michael_selway
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anyone holding PEM?
thx
MS
thx
MS
yeah i got PEM! i am really enjoying the ride, picked them up at 80cents the end of last year!
Now im just hoping CBH will follow in their foot steps!
I dont really understand why they dont get nearly as much publicity as the KZl's and ZFX's on the frums!
Well im happy to hold them in silence!
Now im just hoping CBH will follow in their foot steps!
I dont really understand why they dont get nearly as much publicity as the KZl's and ZFX's on the frums!
Well im happy to hold them in silence!
michael_selway
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itchy said:yeah i got PEM! i am really enjoying the ride, picked them up at 80cents the end of last year!
Now im just hoping CBH will follow in their foot steps!
I dont really understand why they dont get nearly as much publicity as the KZl's and ZFX's on the frums!
Well im happy to hold them in silence!
**** nice, 80c
thx
MS
Sean K
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MS, what's the pe of all these Z stocks running like the wind? Surely they're catching up to fair value, or exceeded?
kennas said:
usually the pe doesnt run up that much when the EARNINGS are exceeding the share price appreciation!
CBH pe 7.5, ZFX pe 5.4, KZL pe 10.4
(and please dont tell me KZL looks overvalued as its not)
i suspect CBH will earn 13.5cps this year, ZFX $4+ and KZL $1+
(my opinions based on my calcs of $100m, $2b, and $200m in NPAT respectively)
so if the market is willing to pay the same earnings multiple as they are currently for these stocks, then KZL $10.40, CBH $1 and ZFX $21.60, though i suspect they market will pay a higher earnings multiple for them, so the upside is very clear.
michael_selway
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kennas said:
ZFX - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 219.9 296.8 238.1 140.9
DPS 80.0 131.3 98.0 69.0
KZL - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 16.8 69.9 63.0 43.0
DPS -- 5.0 6.3 0.0
PEM - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 42.1 75.3 68.1 40.6
DPS 5.0 11.5 13.6 14.8
CBH - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -2.8 10.2 9.7 16.8
DPS -- 0.0 4.0 10.0
JML - Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -2.2 1.3 17.5 21.6
DPS -- 0.0 0.0 0.0
OXR - Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2009
EPS 5.6 37.0 31.4 23.9
DPS 1.0 6.0 5.0 4.2
thx
MS
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Thanks Mike....certainly throws the light on the real performers....Still holding KZL and ZFX....I'm already a week overdue for my sell point....gets a bit scary when you play outside your system eh?
Somehow convinced myself there might be a bit more in these....slap me!
Somehow convinced myself there might be a bit more in these....slap me!
Sean K
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michael_selway said:
Cheers. CBH still looks like it will be the best value on current prices, if it delivers. No?
michael_selway
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kennas said:
man all zinc stocks are goign crazy atm, PEM the most imo!
thx
MS
michael_selway
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itchy said:
PEM's held up well
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 42.1 77.9 70.6 52.3
DPS 5.0 10.8 12.0 14.0
EPS(c) PE Growth
Year Ending 30-06-07 77.9 5.4 85.2%
Year Ending 30-06-08 70.6 6.0 -9.4%
thx
MS
