ZFX - Zinifex Limited
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tech/a
No Ordinary Duck
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Re: ZINIFEX..ZFX
Well done Chicken.
The benifit of long term holding a winner.
What are your plans from here?
Well done Chicken.
The benifit of long term holding a winner.
What are your plans from here?
Re: ZINIFEX..ZFX
At present into another company called St Barbara Mines,,, like the look of them....bought in at 11.5c....to 16.5cents....they bought the gold assets of SWG....if you have time read what was said on the board......As far as Zinifex is concerned they are healthy and will go higher in price..just my observation....also one of the directors of ZFX also on the board of SBM...intresting I thought....might there be a connection ? The market seems to like SBM reuvination and results so far...one of the directors of SBM just added another 300000 shares to his holdings and has now 2.8 million of them I bought 500k and am sitting on them....I feel this one will be a winner also...the market seems to think so as well...check it out.......tech/a said:
tech/a
No Ordinary Duck
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Re: ZINIFEX..ZFX
Oh
Ive been watching SBM director accumulation is a good thing.
As you bought more than one of the directors perhaps a take over bid is looming?
For a noisy chicken your doing OK nothing like a Golden Egg or 2
Oh
Ive been watching SBM director accumulation is a good thing.
As you bought more than one of the directors perhaps a take over bid is looming?
For a noisy chicken your doing OK nothing like a Golden Egg or 2
michael_selway
Coal & Phosphate, thats it!
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Re: ZINIFEX..ZFX
hm ZFX is still doing good atm.....still ok to buy u think?
Fleeta said:
hm ZFX is still doing good atm.....still ok to buy u think?
RichKid
PlanYourTrade > TradeYourPlan
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Re: ZINIFEX..ZFX
Michael,
Please read the forum code of conduct (link at foot of page next to paypal logo) and posting guidelines (thread at top of each forum) and please refrain from asking for (or providing) financial advice on these forums as you will need to consult a licenced financial adviser. It's ASIC rules and we don't want to get into trouble.
Thanks!
RichKid
moderator
michael_selway said:
Michael,
Please read the forum code of conduct (link at foot of page next to paypal logo) and posting guidelines (thread at top of each forum) and please refrain from asking for (or providing) financial advice on these forums as you will need to consult a licenced financial adviser. It's ASIC rules and we don't want to get into trouble.
Thanks!
RichKid
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Re: ZINIFEX..ZFX
Richkid,
I read this as an opinion and confirmation by asking for opinions.
It is simply too vague to be construed as financal advice, or a solicitation for advice. If he had disclosed how much capital he was willing to risk and his objectves then that would be a different situation. There is a lot of grey area in what people believe to be advice or opinion. My belief is opinions are vague on detail and intent.
Regards
Snake Pliskin
RichKid said:
Richkid,
I read this as an opinion and confirmation by asking for opinions.
It is simply too vague to be construed as financal advice, or a solicitation for advice. If he had disclosed how much capital he was willing to risk and his objectves then that would be a different situation. There is a lot of grey area in what people believe to be advice or opinion. My belief is opinions are vague on detail and intent.
Regards
Snake Pliskin
RichKid
PlanYourTrade > TradeYourPlan
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Re: ZINIFEX..ZFX
Different people will construe the statement in different ways, I can only be cautious as there is a real possibility that some may take it as I suggested. This site is not for profit and we don't get any financial benefit out of it so if ASIC clamps down on us we could go down the gurgler very fast as lawyers are expensive, I'm willing to be a bit cautious to be on the correct side of the law. Having said that only a small number of posts actually come up on my radar. I hope you understand.
Snake Pliskin said:Richkid,
I read this as an opinion and confirmation by asking for opinions.
It is simply too vague to be construed as financal advice, or a solicitation for advice. If he had disclosed how much capital he was willing to risk and his objectves then that would be a different situation. There is a lot of grey area in what people believe to be advice or opinion. My belief is opinions are vague on detail and intent.
Regards
Snake Pliskin
Different people will construe the statement in different ways, I can only be cautious as there is a real possibility that some may take it as I suggested. This site is not for profit and we don't get any financial benefit out of it so if ASIC clamps down on us we could go down the gurgler very fast as lawyers are expensive, I'm willing to be a bit cautious to be on the correct side of the law. Having said that only a small number of posts actually come up on my radar. I hope you understand.
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Re: Zinifex... ZFX
Michael,
Thanks for bringing up my quote, I really appreciate it! Doesn't make me look stupid at all!
Regards,
Fleeta
Michael,
Thanks for bringing up my quote, I really appreciate it! Doesn't make me look stupid at all!
Regards,
Fleeta
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Re: Zinifex... ZFX
What forces are affecting ZFX now?
http://www.aireview.com/index.php?act=view&catid=8&id=2955
What forces are affecting ZFX now?
http://www.aireview.com/index.php?act=view&catid=8&id=2955
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Re: Zinifex... ZFX
You do what ever you see fit Chicken. I posted that just for the forum's benefit.
chicken said:
You do what ever you see fit Chicken. I posted that just for the forum's benefit.
michael_selway
Coal & Phosphate, thats it!
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Re: Zinifex... ZFX
PE is like 10 atm at 4.70, so thats why people like it?
Snake Pliskin said:
PE is like 10 atm at 4.70, so thats why people like it?
michael_selway
Coal & Phosphate, thats it!
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Re: Zinifex... ZFX
Anyone notice Comsec changing forecasts for ZFX
Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 35.9 92.8 132.3 126.7
DPS 4.0 27.2 30.0 31.9
They lowered it but still pretty good, esp the 2008 one, where most of the danger lie for zfx, as analysts predict supply will be increasingly more than demand
Anyone notice Comsec changing forecasts for ZFX
Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 35.9 92.8 132.3 126.7
DPS 4.0 27.2 30.0 31.9
They lowered it but still pretty good, esp the 2008 one, where most of the danger lie for zfx, as analysts predict supply will be increasingly more than demand
Kipp
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Re: Zinifex... ZFX
ZFX has had a great run over the last 12 months but where is it headed now that P.E. ratio has reached 15? Can't be too much room for profit growth as production was basically the same as previous year levels (going by the Sept QTR updates). So where are the Commsec (see previous post) EPS growth predictions coming from?
Directors where buying up last week (as shown in the AFR) maybe some good announcements round the corner?
ZFX has had a great run over the last 12 months but where is it headed now that P.E. ratio has reached 15? Can't be too much room for profit growth as production was basically the same as previous year levels (going by the Sept QTR updates). So where are the Commsec (see previous post) EPS growth predictions coming from?
Directors where buying up last week (as shown in the AFR) maybe some good announcements round the corner?
michael_selway
Coal & Phosphate, thats it!
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Re: Zinifex... ZFX
The forecasts are from www.comsec.com.au
CONTRIBUTING ANALYSTS
MERRILL LYNCH (INTERNATIONAL RESEARCH), UBS, RBC CAPITAL MARKETS (CANADA), GOLDMAN SACHS JB WERE, MORGAN STANLEY, CS FIRST BOSTON AUSTRALIA SECURITIES,LTD, CITIGROUP, DEUTSCHE BANK SECURITIES, MACQUARIE RESEARCH EQUITIES
Current PE with SP at $6.79 (thursday close) is 10.39 which uses 2005 EPS & 2006 forecast EPS & weights them using number of days from each one. Since we are in Early Jan, its about in the middle so (35.9+92.8)/2 = 64.4
So PE = 6.79/0.644 = 10.54 or there abouts
2005: 35.9
2006: 92.8
2007: 132.3
2008: 126.7
At current SP of $6.90, 2008 PE would be 6.90/1.267 = 5.45
2008 amd beyond is where the danger lies for ZFZ......
Btw what price did AFR say the directors bought ZFX?
Kipp said:
The forecasts are from www.comsec.com.au
CONTRIBUTING ANALYSTS
MERRILL LYNCH (INTERNATIONAL RESEARCH), UBS, RBC CAPITAL MARKETS (CANADA), GOLDMAN SACHS JB WERE, MORGAN STANLEY, CS FIRST BOSTON AUSTRALIA SECURITIES,LTD, CITIGROUP, DEUTSCHE BANK SECURITIES, MACQUARIE RESEARCH EQUITIES
Current PE with SP at $6.79 (thursday close) is 10.39 which uses 2005 EPS & 2006 forecast EPS & weights them using number of days from each one. Since we are in Early Jan, its about in the middle so (35.9+92.8)/2 = 64.4
So PE = 6.79/0.644 = 10.54 or there abouts
2005: 35.9
2006: 92.8
2007: 132.3
2008: 126.7
At current SP of $6.90, 2008 PE would be 6.90/1.267 = 5.45
2008 amd beyond is where the danger lies for ZFZ......
Btw what price did AFR say the directors bought ZFX?
Kipp
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Re: Zinifex... ZFX
Sorry All, I am a twat. 5 directors acquired shares bu just as part of their Non-Executive Director share plan. (only 1-2000 each). But Michael, wasn't their 2005 Earnings 47cps not 35.9?
Sorry All, I am a twat. 5 directors acquired shares bu just as part of their Non-Executive Director share plan. (only 1-2000 each). But Michael, wasn't their 2005 Earnings 47cps not 35.9?
michael_selway
Coal & Phosphate, thats it!
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Re: Zinifex... ZFX
Maybe this had to do something with it, exc income tax benefit?
Headline FY05 NPAT quadrupled compared to FY04 to $234.7m. The previous year only included three months production and profits. The headline result was boosted by an income tax benefit of $55.6m. Stripping out the tax benefit, adjusted NPAT roughly tripled to $179.1m. Sales revenue was increased fourfold to $1.92bn due to a full years production.
Kipp said:
Maybe this had to do something with it, exc income tax benefit?
Headline FY05 NPAT quadrupled compared to FY04 to $234.7m. The previous year only included three months production and profits. The headline result was boosted by an income tax benefit of $55.6m. Stripping out the tax benefit, adjusted NPAT roughly tripled to $179.1m. Sales revenue was increased fourfold to $1.92bn due to a full years production.
