ZFX - Zinifex Limited

[dutchie]

Re: ZINIFEX..ZFX

WB2

That puts a lot of Chickens statements into context.

There is a large variation in values and it would be interesting to know what they base their valuations on and why they are so different.

Is all that information available at a particular site?

 

[Warren Buffet II]

Re: ZINIFEX..ZFX

Recommendation Overview

GS JB Were 04-Apr-05 1 Outperform, L/T Buy - -
The broker notes management’s assessment the lost production from technical problems at the Century mine would impact earnings by $14m compares favourably to the broker’s conservative estimate of a $24m impact. As a result, the broker has increased its EPS forecasts in FY05 by 5.4% to 37.2c and in FY06 by 0.2% to 43.2c. Valuation has also increased to $3.02 from $3.00.

UBS 01-Apr-05 1 Upgrade to Buy 2 from Neutral 2 $3.72 22.0%
Target $3.72. The broker suggests the recent share price weakness has been a combination of profit taking and concerns over operational problems at the Century mine. In the broker’s view the price decline has been overdone as the Century impact is likely to be lower than expected, commodity prices suggest guidance is conservative and the buyback can commence on April 8. The broker’s valuation is $3.10.

Macquarie 21-Mar-05 3 Neutral $3.00 -1.6%
Target $3.00. An electrical problem has interrupted production at the Century mine, with the company estimating 20% of quarterly production or 5% of annual production may be lost. As a result the broker has cut its 2005 earnings by 8% or $20m to $237.2m but notes valuation is only reduced by 3c to $2.05, so overall the impact is minor.

CSFB 21-Mar-05 5 Underperform $2.89 -5.2%
Milling operations at Century mine have ceased due to electrical failure resulting in outage of 11-18 days. The share price is, however, driven by the global shortage in zinc concentrates, the broker says.

Deutsche Bank 21-Mar-05 1 Buy $4.00 31.1%
The broker considers any pullback in the share price to be a buying opportunity given the zinc market is strengthening. Target down 2.9% due to problems at Century.

Aspect Huntley 22-Feb-05 3 Hold - -
Normalised NPAT came in slightly below analyst's expectation, with cost pressures starting to impact. Despite this, the analysts upgrades FY05 headline NPAT estimate from $145.2m to $193.0m as a result of increased short term price assumptions and lower than expected depreciation and amortisation charges. Similarly, FY06 NPAT is upgraded from $142.9 to $231.5. After normalising for the anticipated tax benefit, FY05 NPAT has been cut to $131.1m. ZFX is highly leveraged to zinc prices. If Aspect Huntley increases its long term zinc assumption from US$0.55/lb to US$0.60/lb, its ZFX valuation rises from $2.65 to $3.92. Zinc prices are on the improve, driven by China. Stockpiles are sizeable but falling. The bulk of profits are being generated from Century and Rosebery. Mine life is an issue at both operations, the report reminds us.

SB Citigroup 21-Feb-05 1 Buy, High Risk $3.30 8.2%
Earnings surprise was tax driven, the analysts say. Zinc is one of Citigroup’s preferred metals and with the price pushing new highs, the analyst maintain their Buy recommendation and target of $3.30.

Merrill Lynch 21-Feb-05 3 Neutral, High Risk - -
Result higher than guidance due to write backs from tax expenses, the analysts say. Lower depreciation at Century and lower zinc TCRCs see FY05 EPS forecasts rise by 0.11 to 0.36, FY06 by 0.07 to 0.32 and FY07 by 0.09 to 0.22.

 

[chicken]

Re: ZINIFEX..ZFX

Thanks Warren..we are on the right track after all.......

 

[Warren Buffet II]

Re: ZINIFEX..ZFX

Thanks Warren..we are on the right track after all.......

I bought ZFX again this week, I can see some extra potencial now that the problem with the mill has passed. Look chicken I am not against you but I like to talk with facts and correct numbers, that is what I always try to do. I like posts with new information, brokers valuations etc.

Time will tell.

WBII

 

[chicken]

Re: ZINIFEX..ZFX

Check...www.kitcometals.com ZINC rising in price...check a little stock CBH makes intresting reading..also into ZINC....ZFX..can anyone tell me if they started their buyback...been away so just wondering.....

 

[Porper]

Re: ZINIFEX..ZFX

Check...www.kitcometals.com ZINC rising in price...check a little stock CBH makes intresting reading..also into ZINC....ZFX..can anyone tell me if they started their buyback...been away so just wondering.....

I can't believe zfx is the share that Chicken is ramping continuously as I have just bought it
I didn't realise until I was reading this thread tonight.Not only that, I also bought CBH (see above quote).

I am doomed for sure

I bought purely because it turned up on my daily scan, the chart looked good for a bit more to me, but only a beginner so time will tell.

So Chicken, keep up the good ramping (only joking).

 

[Porper]

Re: ZINIFEX..ZFX

can anyone tell me if they started their buyback...been away so just wondering.....

Forgot to answer your question Chicken. The buy back was due to start this month, at market, so who knows :dunno:

 

[chicken]

Re: ZINIFEX..ZFX

Well,its been a few days from my last post...well they started their BUYBACK...but very slow....we will see what happends after all they want to spend $70million and if they buy as little as yesterday it will be heavy going...at present our broker is busy again..stock will rise again..also we should hear soon how the last 3 months went..should be OK as the prices they got was on the high side...stock will rise again on monday we will see the same tomorrow...so good luck to everyone.....chicken

 

[Porper]

Re: ZINIFEX..ZFX

.stock will rise again..also we should hear soon how the last 3 months went..should be OK as the prices they got was on the high side...stock will rise again on monday we will see the same tomorrow...chicken

I have to admit you have been pretty accurate with your predictions so far. I particularly like the "Will" rise parts.I hope you are right Chicken as I own this stock now.

If you are a bit of a dab hand with the old Tea Leaves, can I throw a few stocks your way, and you can tell me which ones will rise .Save me a lot of headache trying to learn charting.

 

[chicken]

Re: ZINIFEX..ZFX

The reason it will rise a. shortage of Zinc worldwide...estimated by 395000 tonnes...b.425 million shares owned by 20 shareholders c.Zfx buying about 25 million shares of 75 million shares which are freely available. d.see what Warren posted re valuations...d.company now exploring new ventures. e.very high prices received for sales..e...NO DEBT...f. good CASHFLOW..g company open to buy other resource companies....h. 2nd largest producer of Zinc e. large silver producer. j.large lead producer.....annyway make your own research as I had posted most of what I say...I am sure you find what I found out the company is pretty sound..brokers are playing around this dance has been going on for the last 3 months...but will go higher you must have seen value if you bought....

 

[The Barbarian Investor]

Re: ZINIFEX..ZFX

As you say chicken large lead producer as well..an interesting stock and sure to return to previous highs (when...is the big question though)

 

[Porper]

Re: ZINIFEX..ZFX

As you say chicken large lead producer as well..an interesting stock and sure to return to previous highs (when...is the big question though)

I hope so Barbarian, only had this stock 3 days and I am almost at my stop of 10%.The market sentiment isn't helping but it does seem to hit this type of stock a lot more than others in a falling market.

Still you pay ya money you take your chance.

 

[chicken]

Re: ZINIFEX..ZFX

One broker really trying to push it down ,why???...the results should be out I hope next week...as SH price below valuation..also noticed on kitcometals ZINC is UP...and stocks holding are falling...will rise higher in price..due to chinas demand.....opportunity to buy into blue chip stock at low price...will jet supprise I am staying in as I can see value..you buy you sell..your choice

 

[RichKid]

Re: ZINIFEX..ZFX

One broker really trying to push it down ,why???

ANY evidence for this? if so POST IT!! This is not a one broker stock, if you think it is prove it. I'm getting sick of you imagining things or making them up- are there commies under your bed too??? or maybe the Martians are behind the fall in ZFX???? Let's just blame the US govt and Area 51- maybe that's where that broker is shorting the stock from.

...the results should be out I hope next week...as SH price below valuation..also noticed on kitcometals ZINC is UP...

Zinc is not 'UP', in fact it's been down for awhile after what appeared to be a short term correction but could now turn into a trend reversal or consolidation- but not 'UP' the way you suggest, certainly not yet. The way you suggest it even a tiny move up is supposed to send ZFX much higher. You are misleading people and destroying the quality of posts and the reputation of ASF imho. We will only attract people like you (read selfish rampers) and not well meaning and experienced investors to these forums by encouraging posts like yours. You are really pushing the boundaries without being banned imho, so far that is...

and stocks holding are falling...will rise higher in price..due to chinas demand.....opportunity to buy into blue chip stock at low price...will jet supprise I am staying in as I can see value..you buy you sell..your choice

How can you say something is certain to rise ('will')?? Do you control the Zince price and ZFX?? Clearly not. Your posts clearly stand out here at ASF, maybe you should go to a forum like hotcopper and stay there. Your post was worth 0c imo.

To those holders of ZFX who think that those ramping a stock on a forum are doing you a favour or are going to make you rich be aware that it is mere psychological DECEPTION. Think car salesman or blackbox spruikers. Chicken is NOT doing you a favour. We are mainly beginners here, he is an old hand, you are being taken advantage of imo.

This doesn't mean that ZFX will go up or down or sideways- that is for the market to decide- rampers just can make you believe (consciously and subconsciously) that a stock will only go in one diirection. This is not how it works- last week is proof. Don't put yourself in all sorts of emotional and financial trouble by being manipulated like this, I'm sure you have enough to worry about as it is.

I neither hold nor intend to hold ZFX at this point in time (I have never shorted it either so I have nothing to gain if it goes down).

 

[dutchie]

Re: ZINIFEX..ZFX

I agree with you RK (one of your better posts).

I enjoy and benefit from ASF because it is a quality forum.

I think it needs the more experienced members to keep the quality up by questioning postings which are misleading/repetitive/ramping etc, as you have done here.

 

[Porper]

Re: ZINIFEX..ZFX

I think Chicken is pushing the boundaries here as well, maybe Joe is thinking about deleting his/her posts or banning him/her.

As for Richkids point about taking what Chicken says and using that as a possible decision to buy, well you would have to be a dipstick to do that, even the most basic beginner should be able to spot a ramp when they see one, still it shouldn't be allowed and hopefully all ramping will be dealt with by Joe.:behead:

 

[chicken]

Re: ZINIFEX..ZFX

You are a funny man...look at what you just posted..saying ZINC is not rising your KITCOMETALS graph shows a positive trend or as you say a reversall...well I said it was going up you said its a trendreversal..well it shows clearly its GREEN..so up in my thoughts or trendreversal..read what Macqurie says CHINA will be going and producing higher outputs for till the year 2012..so far as you said my prediction were right..so where is the problem...but I am not hear to have an argument with you but say check www.kitcometals.com on all your mining stock...on monday we will see another fall but thats not the fundamentals but just due to the fall of the dow...might see another $10 billion wiped from the ASX...ZFX should make about 36cents to 40cents profit..and the forecasts for 2006 even higher...also I said DO YOUR OWN research..and if you want to be criticall why not but post the results on the company and dont attack me...do you get the what I am getting at and being barred because I posted facts ?????

 

[chicken]

Re: ZINIFEX..ZFX

Re the one broker check your sales on monday..you most probably see someone..broker selling 100000 shares at well below the previous day its not a privat induvidual but a BROKER who has DEEP pockets he takes the price up but also brings the price down..check your SHORTSELLS on the ASX..745000 shares were sold short so that induvidual..will try and pick up the stock CHEAPER on monday see how he manipulates the stock..but I am only telling you that you should know it yourself..if you sell or buy thats your business..I started posting when the stock was $2.36..and everyone who bought made MONEY..I hold stocks in ZFX..because I posted why I like their business principal..little or no DEBT...against the former company which had $3.5 billion debt...mind you this group will most probably being taken over because the big boys are looking for companies such as this one..potential...and great assets...now tell me am I ramping..as I said before I just post facts as I see them..if you know something lets hear it...because I am running out of what to say...

 

[Joe Blow]

Re: ZINIFEX..ZFX

now tell me am I ramping..as I said before I just post facts as I see them..if you know something lets hear it...because I am running out of what to say...

Chicken, nobody objects to hearing the facts.... ONCE.

What I have a problem with is the facts being repeated again and again just to bump a thread. It does become irrititating and it clogs up the thread with the same information being posted again and again.

I'll ask you once more to only bump a thread when you have some NEW information to add.

RichKid and others have made some good points and I think you should take what they have said on board. We all know you're a supporter of ZFX and that you believe its price will go up. That doesn't mean we want to be reminded of it every day.

Please, from now on only post new information, not the same spiel repackaged on a daily basis.

Thanks.

 

[chicken]

Re: ZINIFEX..ZFX

ZFX are buying more ,now market will bounce...maybe around these figures for the MAY.June months and then this stock will rise...ZFX picked a good time of buying their own stock as that helps it in underpinning this stock..notices another 1565 tonnes of world stock ZINC gonne...check www.kitcometals.com