Kauri
E/W Learner
- Joined
- 3 September 2005
- Posts
- 3,428
- Reactions
- 11
eMark said:
Horrible phrase... terrible habit..
eMark said:Bottom pickers (huh huh snort snort). Such a horrible phrase:
Kauri said:The first group of bottom pickers tried at 16, they haven't made a pile, yet, the next group picked 15.90, it will be interesting to see if they come up smelling of roses...
michael_selway said:ZFX @ 16, a clear bottom?
thx
MS
pacer said:Try $15 Mike....the market is sentiment....the lads have made thier $$ and are leaving the ship.........
Share price has stuffall to do with projects or management or profits.......it's overall sentiment that rules....no way is getting into the new gig in Sweden gonna help...that just says to investors that they have a limited life in OZ and are spending profits on a hope and a dream....it happens all the time....
Santos did the same thing on thier last project....hopes and dreams have been dashed there aswell, and the company is grabbing at straws to try and take over undervalued stocks...and not winning....lol....zfx will possibly end up the same....
10 year mine life, maybe a touch more, no real results yet from more drilling,.......but thats it...finito.....
My opinion only...DYOR....
Originally Posted by Kauri
The first group of bottom pickers tried at 16, they haven't made a pile, yet, the next group picked 15.90, it will be interesting to see if they come up smelling of roses...
michael_selway said:ZFX @ 16, a clear bottom?
thx
MS
ANZ!!1???18!?/pacer said:No wurries crazy....was just bored and having a bit of fun, it's always good to keep everyone on thier toes.....hard facts are just that...HARD.
want me to ramp some?....wow, anz and wpl....there ya go.....a nice safe investment.....for now.hehe.
rico01 said:Zfx is going to announce its dividend soon.Last year it was 5 cents in feb but this year it could be as high as 80 cents going from reports/ expectations of the major brokers
eMark said:Does that announcement usually accompany the half yearly results, (around Feb 22)?
rico01 said:Earnings Downgrade - Interim estimate trimmed 5% to A$745m on inventory build and production issues at Clarksville. Lower NPAT and working capital build has reduced our dividend by A30 ¢ to A90 ¢/share. FY07 estimate also downgraded 3% to A$1.75b due to the ongoing roaster issues at Clarksville.
From the citigroupweath advisors site
eMark said:Is this direct from citigroupweath advisors? Is this what they think ZFX's half yearly is going to reflect? Excuse my ignorance, but I'm just trying to understand where this fits in.
This is just there opinion and you should seek your own advice or form your own opinion
.Production a Bit Light On - December quarter production was slightly weaker than our expectations with strong results from aluminium, nickel, diamonds and manganese offset by lower petroleum and coking coal production.
Capex Costs Still Under Pressure - The capex cost for the Alumar alumina refinery expansion has increased by 40% to US$725m, in addition to start-up being delayed 6 months. Atlantis capex has also increased by 50% to US$1.5b (already allowed for). Neptune and Stybarrow are also experiencing capex pressures and we have allowed for an increase of 20%, or US$60m each.
FY07 estimate down 6% - We have downgraded our FY07 estimate by 6% to US$13.2b, driven by 2Q production weakness and impact from provisional pricing. Our estimate for the interim result on 7 February is US$6.53b with a dividend of US20 ¢/share. There is upside risk to the dividend if the board is prepared to signal belief in the cycle by stretching the progressive US$ dividend policy and declaring a larger increase.
Buy Recommendation Maintained - The reduction in our FY07 estimate has reduced our target price by A$2 to A$35/share, but we maintain our Buy/Medium Risk (1M) recommendation. While we expect continued volatility around conflicting data and commodity price signals in the 1Q, we expect a recovery in 2H07 copper prices and looming 2008 production growth to ultimately drive the stock higher.
rico01 said:eMark said:Is this direct from citigroupweath advisors? Is this what they think ZFX's half yearly is going to reflect? Excuse my ignorance, but I'm just trying to understand where this fits in.
This is just there opinion and you should seek your own advice or form your own opinion
.Production a Bit Light On - December quarter production was slightly weaker than our expectations with strong results from aluminium, nickel, diamonds and manganese offset by lower petroleum and coking coal production.
Capex Costs Still Under Pressure - The capex cost for the Alumar alumina refinery expansion has increased by 40% to US$725m, in addition to start-up being delayed 6 months. Atlantis capex has also increased by 50% to US$1.5b (already allowed for). Neptune and Stybarrow are also experiencing capex pressures and we have allowed for an increase of 20%, or US$60m each.
FY07 estimate down 6% - We have downgraded our FY07 estimate by 6% to US$13.2b, driven by 2Q production weakness and impact from provisional pricing. Our estimate for the interim result on 7 February is US$6.53b with a dividend of US20 ¢/share. There is upside risk to the dividend if the board is prepared to signal belief in the cycle by stretching the progressive US$ dividend policy and declaring a larger increase.
Buy Recommendation Maintained - The reduction in our FY07 estimate has reduced our target price by A$2 to A$35/share, but we maintain our Buy/Medium Risk (1M) recommendation. While we expect continued volatility around conflicting data and commodity price signals in the 1Q, we expect a recovery in 2H07 copper prices and looming 2008 production growth to ultimately drive the stock higher.
...... ZFX????
Kauri said:BHP more likelyrico01 said:...... ZFX????
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?