PEM - Perilya Limited

[treefrog]

sub $1:50 as we go to press
that's about 7% divvy over the next few years IF earnings hold as forecast

still short looking for $1:00 now, or confirmation to reverse back to longs

 

[legs]

sub $1:50 as we go to press
that's about 7% divvy over the next few years IF earnings hold as forecast

still short looking for $1:00 now, or confirmation to reverse back to longs

I have heard that they have enough cash that equals $0.75 a share...this must make this the bargain of the year??

 

[treefrog]

I have heard that they have enough cash that equals $0.75 a share...this must make this the bargain of the year??

don't care how good it looks on the info they have told us legs, the market says <$1:50

but yes, cash assets of $147m, for 194m shares

quick ratio a very healthy 0.95 (for a miner) (BHP .65)

 

[Freeballinginawetsuit]

don't care how good it looks on the info they have told us legs, the market says <$1:50

but yes, cash assets of $147m, for 194m shares

quick ratio a very healthy 0.95 (for a miner) (BHP .65)

You called this one right TF a few weeks back, I'm currently 20 percent in the red even after hurdling in!.

Watching closely for another double digit downer on open tomoz.

I wouldn't expose youre **** too much on this one though...... situations like this are exactly what caused the wealth gap in the first place.

Hope alls well in Broken Hill

 

[xoa]

PEM rose 25 cents early (glad I sold out) then lost all its gains.

Zinc prices have been falling and I guess people are anxious about the upcoming quarterly.

 

[treefrog]

You called this one right TF a few weeks back, I'm currently 20 percent in the red even after hurdling in!.

Watching closely for another double digit downer on open tomoz.

I wouldn't expose youre **** too much on this one though...... situations like this are exactly what caused the wealth gap in the first place.

Hope alls well in Broken Hill

hi freeballs,
had another look at this one and have now removed my shorts as it settled back there at the 150 level again (sitting here in just my jocks now)
the 150 level is the third and longest fib extension and I think will be hard to push down from here without first an exhaustion retrace but hell, market is nervy and anything goes
didn't do well today at all today considering others but vol not high and buters/sellers are even for now
will sit this one out until things are more indicative

 

[Ken]

I cant honestly see a recovery for PEM.

Just my opinion but I have never seen a chart fall from 5 buxs to 1.50 and then recover in any short period of time. This could seriously take 3-5 years to recover.

In which time they would have needed to make a discovery of some sort...

 

[Ken]

PEM

10 year return on investment.

Strangley enough the 10 year return chart is still in an uptrend.

I guess you could say if you take out the volatilty.

Year on year PEM has been a solid investment.

 

[legs]

Nicely up today on what? People have obviously seen value and I agree.. With cash reserves on 75c per share and when you count the reserves they have..even though diminishing.. it has to represent value.. is there something i've missed? rumour or anything?

 

[Ken]

Nope I think the market has just had enough of seeing it get sold down.

It went from 3.00 to 1.40 in no time.

So unless you bought in the last 2 days PEM has been a shocker.

Is it a bottom, not sure.

I know there is a resource upgrade coming up.

 

[Freeballinginawetsuit]

hi freeballs,
had another look at this one and have now removed my shorts as it settled back there at the 150 level again (sitting here in just my jocks now)
the 150 level is the third and longest fib extension and I think will be hard to push down from here without first an exhaustion retrace but hell, market is nervy and anything goes
didn't do well today at all today considering others but vol not high and buters/sellers are even for now
will sit this one out until things are more indicative

Exited half my recent trades today in PEM, same with ZFX, happy with the returns.

More upside to come IMO, especially with PEM. so holding the rest for now

 

[tronic72]

Exited half my recent trades today in PEM, same with ZFX, happy with the returns.

More upside to come IMO, especially with PEM. so holding the rest for now

Got some PEM today at 1.6. Better return than cash sitting in the bank and that assumes the company goes nowhere in the next 12 months. Huntley's still have a target price of, wait for it.......3.55 PS. We all know that's crazy for today's market but I still feel it's undervalued. The clincher for me was that I noticed PEM had one of the highest dividend yields. See my post on finding companies with high Dividend rates.

Finally have noticed a bit of resistance recently so it should't be long before more buyers jump in.

 

[Freeballinginawetsuit]

Got some PEM today at 1.6. Better return than cash sitting in the bank and that assumes the company goes nowhere in the next 12 months. Huntley's still have a target price of, wait for it.......3.55 PS. We all know that's crazy for today's market but I still feel it's undervalued. The clincher for me was that I noticed PEM had one of the highest dividend yields. See my post on finding companies with high Dividend rates.

Finally have noticed a bit of resistance recently so it should't be long before more buyers jump in.

PEM's div yields are O.K. but I think more importantly Management needs to pull there head in and form a constructive production profile/targets for the Company over 08.

Finances arent an issue so this is not an unreasonable ask IMO.What PEM does with HER's profit and cash reserves short term is essential in the aforementioned, the market will savage them if they squander this cash position or pay some silly divy just to keep pundits happy!.

ATM I'm back to a sensible holding in PEM (over exposed myself of late). Like you Tronic, I see value in PEM and if they retest the lows again.......... I will hurdle in

Cheers

 

[tronic72]

PEM's div yields are O.K. but I think more importantly Management needs to pull there head in and form a constructive production profile/targets for the Company over 08.

Finances arent an issue so this is not an unreasonable ask IMO.What PEM does with HER's profit and cash reserves short term is essential in the aforementioned, the market will savage them if they squander this cash position or pay some silly divy just to keep pundits happy!.

ATM I'm back to a sensible holding in PEM (over exposed myself of late). Like you Tronic, I see value in PEM and if they retest the lows again.......... I will hurdle in

Cheers

Hey Freeballin,

The directors at PEM's agree with you 100% Have a look at their latest article entitled "Reviewing Strategic Options". See below:

5 February 2008


Reviewing Strategic Options

The Board of Perilya Limited has commenced a process of reviewing strategic options for maximizing
shareholder value. This will include a review of corporate and operational activities and should be
completed during the March quarter 2008.

The objective will be to refine the company's growth strategy to optimise the operational performance of
its existing assets and pursue merger and acquisition opportunities that may result in corporate
transactions.

The company confirms that Patrick O'Connor has been appointed Executive Chairman until completion
of the implementation phase of the strategic review and any corporate transactions.

Further announcements will be made by the company in accordance with its continuous disclosure
reporting obligations and when circumstances dictate.

I think everyone in the Market, including the directors it seems, have been waiting for PEM to have a more definitive view of where they are heading.

This review should be just the ticket and I wouldn't be surprised if the SP turns around simply on the news of this review. Maybe the turn around on Thursday was based solely on the news of the review as I've seen no other reason for the turn around

 

[jonojpsg]

Updated Mt Oxide resource out!! 80% increase to 200 thousand tonnes of contained copper. Sounds good, and market seems to think so too, up 18% as I write. PLeased that something is going right for me after the AED debacle

 

[Ken]

Up 18%....

Down 66% from its all time highs.

The frustration of going long on PEM.

Still needs to rise another 30% for me to break even.

 

[countryboy]

work is rife with rumours of something with CBH,Met a bloke from WA over to start employment down the north but has been told to sit for a while until things are clarified. I thought todays leap forward was about CBH.....

 

[Freeballinginawetsuit]

work is rife with rumours of something with CBH,Met a bloke from WA over to start employment down the north but has been told to sit for a while until things are clarified. I thought todays leap forward was about CBH.....

Going on PEM's low open today, any truth in yada/yada rumours would seem unlikly.

PEM seemed to bump along with a bit of momentum after the resource in-situ upgrade !.

 

[UMike]

Rumours are somewhat founded.

ann: http://cms.cbhresources.com.au//information/pdf/21.02.08.pdf

Chb has been going great guns since while PEM has dropped a bit.

 

[countryboy]

i cant see a takeover or merger, This ann will be operational. Joint crib halfway down the incline ! and share a loader or two. should have happened earlier.