ZFX - Zinifex Limited

[Nyden]

Pretty much back where it started the day now ...

I see over on HC someone reported a buy of 56000 @ 13.98.

ZFX ZFX ZFX ... what are you up to?

Nothing. That's the problem
It really is rough trying to stay positive on this one, when all it does is drop 4%, and struggle to gain 1. It's obviously still in a downtrend, but how low can it drop? I think sentiment has still just taken a beating, you can't go to any news site without reading a doom & gloom article on Zinc.

Let's face it - the only thing keeping the price up as of late was takeover rumors...that seem to have substantiated to absolutely nothing.

If I wasn't so stubborn, I'd sell out of ZFX, & place into something else, but - I just keep thinking it must be undervalued at this point, and is due for a rebound


Some company needs to takeover ZFX, and save us holders

 

[roland]

Not being a chartist, it does look like it's hit bottom - otherwise it's going to be a pretty horrible fall to around $11.50.

We are at pretty much the level that all the brokers have given it. There are certainly no shorage of sellers. What we need is another take-over rumour, otherwise we will have to be content with an excellent dividend yield.

 

[DionM]

Volume hasn't been especially high either.

Hard to figure out what is going on. $14 seems to be holding, though I'd much prefer to see it in the middle, now just under.

Of all the days, I thought today would've seen it make a bit of a recovery.

I wonder if ZFX and OXR are thinking of the same target (rather than each other)? Would explain the lacklustre SP for both, and the director resigning from OXR (maybe he thinks ZFX have a better chance?). So ZFX wanders aimlessly under it's sorted out?

 

[roland]

Obviously you guys have been watching Zinifex as long as I have. It never ceases to amaze me that it can have such a large swing and end up exactly where it opened. ZFX does this a lot - and if that is not manipulation, then I don't know what manipulation is......

 

[Nyden]

Obviously you guys have been watching Zinifex as long as I have. It never ceases to amaze me that it can have such a large swing and end up exactly where it opened. ZFX does this a lot - and if that is not manipulation, then I don't know what manipulation is......

Not manipulation, Zinc is down basically 3.5% - I'm starting to think ZFX is not undervalued, but rather re-valued If things don't pick up, I'll just sell out next dividend : Providing it doesn't drop another 30%!

 

[3MT]

Yeah I do agree with Nylex's observation that the stock has been re-valued due to the renewed zinc outlook. I no longer think its undervalued, but fairly priced.

Give the bad news some more time to run it should be closer to the end than the beginning now - Provided China don't decide to impose bigger tarrifs on this metal.

Keep in mind its got around 33% of its capitalisation as cold hard cash. I can see it going down a little further, but not much for that reason.

I sold out 50% of my holdings a few days ago and looking for an entry point again pretty soon. ideally at $12, but I doubt it would go there.

 

[3MT]

Did I say Nylex? Sorry I meant Nyden not Nylex. It's what happens when you read too much finance news in one day.

 

[Ken]

I am no expert but dont stocks tend to be hammered down right before a take over bid is made.

Rinker was one.

S8 limited was another

The facts are that if you hold this stock for 5 years your going to get half your money back in dividends.

They are the facts provided the china boom continues and ZFX continues paying its more than healthy dividend.

 

[Nyden]

I am no expert but dont stocks tend to be hammered down right before a take over bid is made.

Rinker was one.

S8 limited was another

The facts are that if you hold this stock for 5 years your going to get half your money back in dividends.

They are the facts provided the china boom continues and ZFX continues paying its more than healthy dividend.

Oh, absolutely. A stock like this is held mostly for dividends - you can't have your cake, & eat it too! Can't expect a stock to give out such sizable dividends, & experience the growth that say, BHP has.

A stock like this is more like a rental property, still - it is upsetting to see your property drop in value by 20% :

 

[mfp]

Everyone keeps consoling themselves with the prospect of healthy future dividends. Who'se to say they won't slash their dividends substantially given the poor outlook for zinc?

 

[legs]

Everyone keeps consoling themselves with the prospect of healthy future dividends. Who'se to say they won't slash their dividends substantially given the poor outlook for zinc?

Because if they still have cash they will have to pay a good div or buy something..one or the other..a buy by them should see a rally if its a good asset...a dividend and it wont be much less than this yrs if any.

 

[DionM]

Everyone keeps consoling themselves with the prospect of healthy future dividends. Who'se to say they won't slash their dividends substantially given the poor outlook for zinc?

The thought has crossed my mind too; and commsec forecasts back it up somewhat.

But that big pile of cash will be put to use soon, I'm sure.

 

[mfp]

OK legs, that makes sense and makes me feel a little more confident about the future SP. Still, i couldn't believe it couldn't crack it for a gain today. Since it went ex-div it seems to have opened near its high and closed near its low almost each and every day. When will it end?

 

[SGB]

quote mfp"Since it went ex-div it seems to have opened near its high and closed near its low almost each and every day. When will it end?"

 

[Ben L]

What is everybodies thought about the performance of Zinifex in the next 5 years or so given if there is no takeover and they return most of the sale of nyrstar to share holders.

 

[joeborgo]

can anybody tell me what the story is with somebody selling 1 share at a lower price than the last sale and a buyer wanting to buy 1 share at about 3c less than the last sale??? this happens a fair bit with this stock and happened this morning at 10.27am.

 

[ozrob]

Zinifex are off to a good start today, at the moment they are up 4% on very high volume 18,800,000. I just hope they don't end the day back down at the opening price.

 

[Warren Buffet II]

So what is the news with Zinifex today?

It is close to break volume record (20m) and the market just started?

WBII

 

[Nyden]

So what is the news with Zinifex today?

It is close to break volume record (20m) and the market just started?

WBII

Reason for that is option exercising I believe, or something of that nature.

ZFX's prices are up on rising Zinc prices, we're just making up for missed gains yesterday, really.

 

[profithunter]

The large Volume is due to options expiry last night. Because the stock has dropped so much, massive volumes of puts were excerised. Some $20 strikes were excercised...poor suckers