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Damb straight .. that kills me to see them still sitting above a $1 pull the plug today and what AGM tumble to 16c then make a new offer see what they think then..
ZFX - Zinifex Limited
- Thread starter chicken
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- zfx zinifex limited
Damb straight .. that kills me to see them still sitting above a $1 pull the plug today and what AGM tumble to 16c then make a new offer see what they think then..
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Well I bought some ZFX at $8.55 today. Me thinks this is a bargain, especially if they continue with their generous dividend program...
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I did $0.02 better with Zinifex - $8.53, got a horrible sneaky feeling it may go below $8.20 today 
Nyden
G.E. Money Genie
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I did $0.02 better with Zinifex - $8.53, got a horrible sneaky feeling it may go below $8.20 today
If the dow plummets tonight, what will happen tomorrow?
I'll re-buy in if the P/E ratio hits 2!
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Anyone know how many ZFX shares on issue, that pile of cash there sitting on must be worth quite a bit on a per share basis. porkpie
Nyden
G.E. Money Genie
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I think I remember from doing rough numbers a while back...was worth $2-something per share, or something like that
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Thanks 'Nyden', had a quick look on ZFX website, according to the Oct 07 annual report there are 486,911,000 shares on issue, not sure if any more issued since then. With I think 2.2 Bl in cash, that makes each share has a cash value of about $4.50. If anyone can give a more accurate or updated value please correct me. So that means going by todays share price the operation is worth about $4.00 per share, make up your own mind on that figure.porkpie
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Price to Book Ratio
The ratio of the current price per share divided by book value per share. The book value measures the value of the shareholders ownership in the company, as measured by the last full year balance sheet.
The price to book ratio is usually greater than one as the market value will usually exceed the balance sheet value attributed to the assets of the company. This is because assets are generally recorded at their original cost, less any accumulated depreciation. The market, on the other hand, is concerned with the cash-generating ability of the companys assets rather than its historical cost. If an asset can generate returns in excess of its cost of capital, then a premium will be paid for the asset. This premium is the price to book ratio.
ZFX P/B ratio about 1.5 today so getting into very good value territory BUTttttttttt ......... momentum is still down
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Do they not have any long term debt that offsets any of that cash or is all debt paid off ????????????????
chops_a_must
Printing My Own Money
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Call in Wayne. We have our mechanical entry system signal!
Bottom selling posts almost out and about en masse...
Nyden
G.E. Money Genie
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No, confirmation is needed chops. Haven't seen the post of "never again..." yet
:Today's buyers will be selling tomorrow!
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numbercruncher
Beware of Dropbears
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This is pretty much the story across the whole asx , I can feel my horns starting to sprout in coming days
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I had'nt taken into account the ROE so thanks treefrog, as for dept not sure on that, I take it that my cash value per share was fairly accurate (no ones corrected me)porkpie
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Cash Assets
Represents cash on hand, plus short-term deposits, that can be readily converted into cash.
ZFX cash assets 06/06 $602m
ZFX cash assets 06/07 $228m
seems a few months old but that is all I have directly to hand
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ROE, can you clarify "serious issue", please...
Several years left in Century is hardly the end of the world. That leaves plenty of time to aquire or otherwise take up new veins
Cheers,
Several years left in Century is hardly the end of the world. That leaves plenty of time to aquire or otherwise take up new veins
Cheers,
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If ZFX can't settle around $8, where is it going to settle? Surely, it can't hold $8 given the negitivity on the market.... It has to go to $7 or less you would think...
Damn struggling is an understatement!
i read on one of those stock recommendation websites (can't remember where) that the expectation for ZFX was $7.50. I bought ZFX based on fundamentals but after reading that i looked at the charts and sold at $10.50. It was hard to do but I am glad now. It only has to go back up to where I sold to break even if I buy back in. That's if it ever goes there.....
Nyden
G.E. Money Genie
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Why still the trading halt? Knowing my luck, you lucky buggers'll get a takeover offer! :
Doesn't look like you guys are getting a massive rally today though, good ol' ZFX living upto it's rep.
:Doesn't look like you guys are getting a massive rally today though, good ol' ZFX living upto it's rep.
