Nyden
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Worst case scenario is them trimming down these large dividends at these prices, a major fall, no dividends - that would be worst case scenario
& thank you SGB
ZFX - Zinifex Limited
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Worst case scenario is them trimming down these large dividends at these prices, a major fall, no dividends - that would be worst case scenario
& thank you SGB
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Worst case scenario is them trimming down these large dividends at these prices, a major fall, no dividends - that would be worst case scenario
& thank you SGB
Nyden, honestly - if you are so unhappy with holding Zinifex, then why don't you just ditch out? No one likes watching their hard earned investments going backwards. In fact I've lost my entire years profits disappear in 3 months - and Zinifex is not all of my worries.
Personally, if I am unhappy with an investment I get out - it's sort of pointless whinging about it.
Sorry Nyden to be a little defensive just now, but hell, there are other holders beside you and I that feel totally screwed over. How about a few positive words of investment advice from someone who obviously is quite learned and knowledgeable as your self.
This is a just a little dip in the long climb up. Get with the program!
Nyden
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Nyden, honestly - if you are so unhappy with holding Zinifex, then why don't you just ditch out? No one likes watching their hard earned investments going backwards. In fact I've lost my entire years profits disappear in 3 months - and Zinifex is not all of my worries.
Personally, if I am unhappy with an investment I get out - it's sort of pointless whinging about it.
Sorry Nyden to be a little defensive just now, but hell, there are other holders beside you and I that feel totally screwed over. How about a few positive words of investment advice from someone who obviously is quite learned and knowledgeable as your self.
This is a just a little dip in the long climb up. Get with the program!
Oh, I'm not emotional or anything like that Roland. I am confident in the long term potential here, it's just hard to stay positive is all!
:I wasn't making an arrogant 'whinge' there, I was merely stating that as such worst case scenario could happen. There's a new CEO starting soon, we don't know what his long-term plans are, whether he feels the Dividends are too high, and of course what the current Zinc prices will do to profits.
I just thought it was silly to state that the absolute worst case scenario was sitting back & enjoying consistent & high dividends.
All I'm stating is that there is a lot of risk in this stock, & just to tread carefully. I see a lot of people buying in for these 'guaranteed' fantastic dividends, & I'm just making sure people realise that they might not always be there.
And it's also unfortunate that the short-term prospects don't seem to be all that great, T/A says we're due for possibly more falls, market sentiment is terrible, & it's just very difficult to keep a smile on this one!
Alright, positives...ummm, let's see! To reiterate some facts from pages back, Zinifex have a lot of excess cash, a large % of their market cap actually. Desires to diversify, good buying opportunities in an irrational market, no debt (or rather, very little), increased production this year, rather high profit forecasts for this year, & as well as rather high forecast dividends.
Unfortunately the mood in the markets is absolutely terrible at the moment, and it does rub off on you after a while despite how positive you are.
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Oh, I'm not emotional or anything like that Roland. I am confident in the long term potential here, it's just hard to stay positive is all!
I wasn't making an arrogant 'whinge' there, I was merely stating that as such worst case scenario could happen. There's a new CEO starting soon, we don't know what his long-term plans are, whether he feels the Dividends are too high, and of course what the current Zinc prices will do to profits.
I just thought it was silly to state that the absolute worst case scenario was sitting back & enjoying consistent & high dividends.
All I'm stating is that there is a lot of risk in this stock, & just to tread carefully. I see a lot of people buying in for these 'guaranteed' fantastic dividends, & I'm just making sure people realise that they might not always be there.
And it's also unfortunate that the short-term prospects don't seem to be all that great, T/A says we're due for possibly more falls, market sentiment is terrible, & it's just very difficult to keep a smile on this one!
Alright, positives...ummm, let's see! To reiterate some facts from pages back, Zinifex have a lot of excess cash, a large % of their market cap actually. Desires to diversify, good buying opportunities in an irrational market, no debt (or rather, very little), increased production this year, rather high profit forecasts for this year, & as well as rather high forecast dividends.
Unfortunately the mood in the markets is absolutely terrible at the moment, and it does rub off on you after a while despite how positive you are.
Actually I didn't say worst case is- anything about: 'guaranteed' fantastic dividends
I did say: you'll have to sit it out and collect some pretty good damn dividends, 100% franked to boot
It's an interesting call to say that the market is irrational, I suppose, that if the market sector that we are interested in doesn't go the way we want it to, then from our perspective it would seem irrational.
I would suspect that if we think the market is acting irrationally, then we are missing some vital information that would give us some understanding on why this is happening.
I truely believe that there are more rational forces rather than irrational forces that drive the market. Irrational traders/investors are doomed for failure and over time would be less of an influence (if any, of any consequence in the first place)
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Hey Nyden, what are the odds on hitting $10.00 today? Zinc down another 4% - the worst of all the metals. I'll probably grab a few at $10, if we are going to sit this downturn out - may as well play it as best we can.
Nyden
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Oh, we'll get slaughtered alright. Spot base-metal price doesn't always reflect a major price change; but the hammering over in the US most certainly will. Unfortunately
Heh, I know you didn't mention the 'guaranteed' dividends, but that just seems to be the view of many people topping up on stock here.
I may reshuffle a little of my position today; I know it's foolish to sell off into a dive, but in truth - I can't see tomorrow being any better for ZFX. AGM will most likely announce their formal refusal of the offer. I probably won't exit my entire position; just some of it! To buy something else with
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Oh, we'll get slaughtered alright. Spot base-metal price doesn't always reflect a major price change; but the hammering over in the US most certainly will. Unfortunately
Heh, I know you didn't mention the 'guaranteed' dividends, but that just seems to be the view of many people topping up on stock here.
I may reshuffle a little of my position today; I know it's foolish to sell off into a dive, but in truth - I can't see tomorrow being any better for ZFX. AGM will most likely announce their formal refusal of the offer. I probably won't exit my entire position; just some of it! To buy something else with
Yeah, I dumped some BNB yesterday - just as well, down another $1 this morning. I'll be looking at improving the position of some of my tiddlers - like BBP, BBW, ADY etc. Have a good day
Nyden
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Well you guys are in luck! I sold out of Zinifex, watch it pull off a 5% gain now
I am definitely going to buy back in, just not yet!Get ready for the takeover offer now
Well, at least now that I no longer hold my emotion won't cloud my judgement, & I can try to be more positive for you guys
:Even though I sold out, I sincerely hope for all other holders it has a stellar run
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Well you guys are in luck! I sold out of Zinifex, watch it pull off a 5% gain now
Get ready for the takeover offer now
Well, at least now that I no longer hold my emotion won't cloud my judgement, & I can try to be more positive for you guys
Even though I sold out, I sincerely hope for all other holders it has a stellar run
By you selling out of ZFX does this mean we need a new CEO
Nyden dont leave us in our hour ,day ,week, month of need
Nyden
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By you selling out of ZFX does this mean we need a new CEO
:I'll be back! If the price hits about $8 I'll buy back in
Until then, best of luck
Hmm, it's going back down again. I honestly thought it would climb back up to a 2% loss today, there seemed to be a fair bit of buying after 10:30. Back to 4.5 now.
Still, it's holding it's own over $10, that's something to smile about
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I'll be back! If the price hits about $8 I'll buy back in
Until then, best of luck
Hmm, it's going back down again. I honestly thought it would climb back up to a 2% loss today, there seemed to be a fair bit of buying after 10:30. Back to 4.5 now.
Still, it's holding it's own over $10, that's something to smile about
u r not alone. i also sold zfx today. if it goes lower i will buy back in at some point. if the price rises and charts, fundamentals look good i will buy back in as well. just want to take a step back and consolidate.
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If you know the market is slipping...
why do people keep topping up...
why not sell now and wait for signs of a bottom.
like someone said... it clears the mind and allows you to make the next decision without emotion. Topping up is very effective... if its done for a good reason. I cant see what the reason can be right now... other than the stocks are looking cheaper than they did 3 months ago.
With a new director coming in soon... at the very best how much of a rebound will you see with current sentiment?
I really think that shorter term investors should seriously assess whether this is a "correction" we are seeing or a downward spiral.
Whilst topping up was a good strategy last year... I think we are in a completely different situation now.
why do people keep topping up...
why not sell now and wait for signs of a bottom.
like someone said... it clears the mind and allows you to make the next decision without emotion. Topping up is very effective... if its done for a good reason. I cant see what the reason can be right now... other than the stocks are looking cheaper than they did 3 months ago.
With a new director coming in soon... at the very best how much of a rebound will you see with current sentiment?
I really think that shorter term investors should seriously assess whether this is a "correction" we are seeing or a downward spiral.
Whilst topping up was a good strategy last year... I think we are in a completely different situation now.
Nyden
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I tend to agree. Buying more just for the sake that it's cheaper than it was in this market seems rather risky. One should be minimizing their risk in uncertain times, not increasing it
I guess though if you're so convinced fundamentally though, it could be excused! Still, I don't make a habit of topping up in stocks that are in an individual free fall. If it's the market itself, then fine - but ZFX has been falling for a long time, not just these last few weeks.
Today's loss seemed very minimal, if the US markets held up nicely we could see a fair rebound tomorrow. Damn, sold out at the bottom apparently! Go figure
: I used some of the funds to top up on OXR as well, ugh, already sitting on a heavy loss :Do you guys that top-up have a plan? For instances, hold until a certain low? Will you still be holding if it goes to much lower prices? My plan personally, is to wait until next week - earnings report season for my 2 main stocks, if all is well, keep holding for divies. If not, sell out & stick to cash for a while
Disclaimer; This does not constitute as any form of advice.
I tend to agree. Buying more just for the sake that it's cheaper than it was in this market seems rather risky. One should be minimizing their risk in uncertain times, not increasing it
I guess though if you're so convinced fundamentally though, it could be excused! Still, I don't make a habit of topping up in stocks that are in an individual free fall. If it's the market itself, then fine - but ZFX has been falling for a long time, not just these last few weeks.
Today's loss seemed very minimal, if the US markets held up nicely we could see a fair rebound tomorrow. Damn, sold out at the bottom apparently! Go figure
Do you guys that top-up have a plan? For instances, hold until a certain low? Will you still be holding if it goes to much lower prices? My plan personally, is to wait until next week - earnings report season for my 2 main stocks, if all is well, keep holding for divies. If not, sell out & stick to cash for a while
Disclaimer; This does not constitute as any form of advice.
The sharemarket has now had approximately a 15% correction from its recent highs around the 6800 mark. The major bank horror stories in the US are now out in the open and the relevant banks have applied appropriate bandages to their capital bases. Further wounded warriors will appear.
My view is we have seen the worst of this correction and we will now consolidate ahead of a sharp rally. Expectations for a US Fed Reserve rate cut at the end of January are now building from a 50 basis point cut to a 75 basis point cut.
This rally could well mark the low point of this correction in the markets, which could settle down into a trading range for some months until the markets sense better times ahead.
I tend to agree. Buying more just for the sake that it's cheaper than it was in this market seems rather risky. One should be minimizing their risk in uncertain times, not increasing it
I guess though if you're so convinced fundamentally though, it could be excused! Still, I don't make a habit of topping up in stocks that are in an individual free fall. If it's the market itself, then fine - but ZFX has been falling for a long time, not just these last few weeks.
Today's loss seemed very minimal, if the US markets held up nicely we could see a fair rebound tomorrow. Damn, sold out at the bottom apparently! Go figure
Do you guys that top-up have a plan? For instances, hold until a certain low? Will you still be holding if it goes to much lower prices? My plan personally, is to wait until next week - earnings report season for my 2 main stocks, if all is well, keep holding for divies. If not, sell out & stick to cash for a while
Disclaimer; This does not constitute as any form of advice.
As always I remind that market timing is difficult and a quality portfolio well-bought, without debt and for the long term is by far the best strategy. Purchasing in times like these enables better value to be acquired.
Topping up for a trade is probably the wrong strategy, I agree.
However for long term holders like myself, I guess I figure it's a good price for what was / is a sound stock. My only nervousness now is dividend stability, though that shouldn't be affected by market sentiment, but by company performance, and that is still going fine?
Myself, as I alluded to ... I don't have the skill/time to look for re-entry points. Knowing my luck I'd miss the bottom and re-enter at around the same price I sold anyway if a rally happens. So I guess I'll hold and ride it out, it was always a long term investment anyway (5-10 years).
If I top up, it'll only be after some sustained sideways or upwards movement, and I'm wary given how long ZFX flirted at around $12 before heading lower.
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I am tempted to get some ZFX at <$10... who would have thought a stock could give 12% dividend! Better than ING Direct account.
I too am scared that the dividend will be cut in light of the share price and with the current market sentiment, if it were to happen, the fall could be magnified.
On the flip side, the stock is cheap enough, and ZFX could be a takeover target at this level.
I too am scared that the dividend will be cut in light of the share price and with the current market sentiment, if it were to happen, the fall could be magnified.
On the flip side, the stock is cheap enough, and ZFX could be a takeover target at this level.
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If your excited about that you should check out RAT, I worked it (the yield) out the other day to be 17%
. Might even be a little more today.I dont hold.
Cheers
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We are now in the third week of below average volume for ZFX. So the question is when will this downtrend stop. ZFX had 3 attepmts at rallying on well above average volume, 15/11, 30/11 & 21/12 all were shot lived and failed, so ZFX is going to be very hard to pick the bottom. Better to wait until a longer rally and buy on the pullback if your game enough to try, porkpie
