ZFX - Zinifex Limited

adobee · 22 January 2008

Fed23 said:
Why doesnt ZFX just pull the plug on AGM offer.

AGM is only been help up in SP becasue ZFX offer. If ZFX pulls out AGM will just have a free fall to bottom, then management can kick themselves for saying we dont think ZFX offer was high enough.

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..

Kimosabi · 22 January 2008

Well I bought some ZFX at $8.55 today. Me thinks this is a bargain, especially if they continue with their generous dividend program...

roland · 22 January 2008

I did $0.02 better with Zinifex - $8.53, got a horrible sneaky feeling it may go below $8.20 today

Nyden · 22 January 2008

roland said:
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!

porkpie324 · 22 January 2008

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 · 22 January 2008

porkpie324 said:
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

I think I remember from doing rough numbers a while back...was worth $2-something per share, or something like that :

porkpie324 · 22 January 2008

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

treefrog · 22 January 2008

porkpie324 said:
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

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

Ken · 22 January 2008

I quit.

I am turning the computer off until next year 2009.

Whatever happens happens.

Have had enough.

CRAP

adobee · 22 January 2008

porkpie324 said:
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

Do they not have any long term debt that offsets any of that cash or is all debt paid off ????????????????

chops_a_must · 22 January 2008

Ken said:
I quit.

I am turning the computer off until next year 2009.

Whatever happens happens.

Have had enough.

CRAP

Call in Wayne. We have our mechanical entry system signal!

Bottom selling posts almost out and about en masse...

Nyden · 22 January 2008

chops_a_must said:
Call in Wayne. We have our mechanical entry system signal!

Bottom selling posts almost out and about en masse...

No, confirmation is needed chops. Haven't seen the post of "never again..." yet :

Today's buyers will be selling tomorrow!

Gundini · 22 January 2008

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!

numbercruncher · 22 January 2008

204 buyers for 487,909 units 669 sellers for 1,610,792 units

This is pretty much the story across the whole asx , I can feel my horns starting to sprout in coming days

porkpie324 · 22 January 2008

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

treefrog · 22 January 2008

porkpie324 said:
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

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

ROE · 22 January 2008

ZFX facing a serious issue on the life of its mine
if it cant find anything new it face decline earning so prospect doesn't look too great.

Stan 101 · 22 January 2008

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,

cordelia · 22 January 2008

Gundini said:
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 · 23 January 2008

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.

ZFX - Zinifex Limited

adobee

Kimosabi

roland

Nyden

G.E. Money Genie

porkpie324

Nyden

G.E. Money Genie

porkpie324

treefrog

Ken

adobee

chops_a_must

Printing My Own Money

Nyden

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Gundini

Attachments

numbercruncher

Beware of Dropbears

porkpie324

treefrog

ROE

Stan 101

cordelia

Nyden

G.E. Money Genie

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