PEM - Perilya Limited

[michael_selway]

Does anyone still own this stock?

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 42.1 103.5 88.6 89.2
DPS 5.0 14.8 13.6 12.8

EPS(c) PE Growth
Year Ending 30-06-07 103.5 4.7 146.0%
Year Ending 30-06-08 88.6 5.5 -14.4%

thx

MS

 

[mmmmining]

Does anyone still own this stock?

Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 42.1 103.5 88.6 89.2
DPS 5.0 14.8 13.6 12.8

EPS(c) PE Growth
Year Ending 30-06-07 103.5 4.7 146.0%
Year Ending 30-06-08 88.6 5.5 -14.4%

thx

MS

I feel so good about this one that I don't check the SP very often.

 

[brerwallabi]

Does anyone still own this stock?

Yes, ever since I started this thread I think some three years ago.

 

[michael_selway]

Yes, ever since I started this thread I think some three years ago.

oh ok and you didnt sell any of it yet right?

thx

MS

 

[brerwallabi]

Michael
Read my previous posts I have traded this over a three year period and have made 22 entries and 21 exits I just took the trouble to check for you.
Last entry 4.63 and still holding, I like to get to know a company well.

It was still looking very very cheap last week, not so much today but still cheap....
The market has finally got some confidence in PEM it has had a few years of false promises and non performance but the last 12 months has seen some operational issues being addressed and production targets coming through.
Flinders approval just come through very high grade project.
Mine life at Broken Hill also looks to be further extended.
Looks like it will be a big cash cow.
Much will now depend on the price of zinc I presume your figures have been worked out at the around price assumptions of US$1.70lb try US$2.00.
Yes it looks even better doesn't it.

 

[Moneybags]

Tragedy today for PEM workers at Broken Hill mine with a fatality overnight.
Condolences to family.
Operations temporarily suspended.

MB

 

[mmmmining]

Zinc price recovered well. So are most zinc producers. Why this one is not? Anyone knows? Maybe a good trading opportunity?

 

[UraniumLover]

Gold is doing well, zinc prices is on recovery, well stabilized at 1.40. Back to what it was 6 months a go from about 3 months. LME stock levels have been declining for last month, but a large increase yesterday. Don't think there is much more down side.

 

[legs]

Re: PEM - where too now?

Just want your opinion on where this stock could be heading??? Has been down on last years highs over $5....can it get back up there??

 

[legs]

Damn missed the nice rise last few days...down today but I believe there is lots more upside...anyone???

 

[legs]

$4.62 how far is this boat going???? Always the way....you say you like it, you consider getting in, you don't and YOU are an IDIOT!! Up 15.5% in 10 days great cash reserves still. Zinc is strong.

 

[Love Zn]

The boat is still along way from it's high of $5.80 and it appears that it's rise back to that level (in % terms) is slower compared to ZFX and KZL.

But with the way the LME price was going this week, I must say the boat ride is enjoyable

 

[legs]

Perilya, Australia's third-largest zinc producer, jumped 9.8 percent to A$4.50, after Goldman Sachs JBWere upgraded its rating on the firm to buy from hold, citing its attractive valuations and strong earnings per share growth potential in fiscal 2008.

 

[Love Zn]

And here is me thinking it might have been something to do with KZL being on hold. Always so many merger/take over talks with the three Aussie Zinc Companies.

 

[legs]

chart for PEM. Nothing real exciting here but trying out attaching a graph. Hope it works so i can add this info to my posts.

 

[Tye]

perilya, starting to climb its way back up to the top. Has had a poor year so far but has broken most recent high. Zinifex has led the charge back in zinc shares so far so lets hope perilya can match it. The next obvious resistance is $5.

 

[Bazmate]

There's a bit of action in the share price all of a sudden, not that I'm complaining, this one has been in my bottom drawer for a while.... No news that I can find other than dropping zinc price... Any ideas?

Upcoming announcement perhaps?

 

[Lachlan6]

Just a quick opinion on (PEM) technically. It looks like its at a very important juncture at the moment. It has just pushed through the important 50% level from Jan 07 highs to the double bottom in March and its next big test seems like the gap refill area from Feb at $5.02. If it can push through this then the old highs should be reached.

 

[Love Zn]

Good graph Lachlan. I was very surprised with PEM today, I was fully expecting this to bounce down off the $4.72-75 resistance, especially with the Zinc price dropping over night. I've also got my next resistance at $5.00 and then think around $5.40 and finally $5.70-75 on the way up.

ZFX did well yesterday and PEM today, maybe it's KZL's turn tomorrow :

 

[reece55]

Bit of a weak close, but still she's looking very nice at the moment.

Just for amusement, attached is the weekly chart. Assuming we have entered our wave 5 (which I believe we have), here are the potential extended wave 5 targets as wave 3 was less than a 1.62 extension.....

Start Finish Movement % on W1
W1 $0.80 $3.61 $2.81
W3 $1.92 $5.80 $3.88 138.08%
Potential targets as wave 3 was less than a 1.62 extension
.62 of W 0 - 3 $6.62
1 of W 0 - 3 $8.52
1.62 of W 0 - 3 $11.62

Would be incredible even if we got the first outcome!!!

Cheers