ZFX - Zinifex Limited
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Yes the dividend yield and "no debt" status of this company attracted me to pick up a few yesterday at $14-40. In fact I sold 2 of my more speculative Ni shares (incurring a loss of 30%) and used the funds to enter this stock which was also at least 30% off its recent highs.... I guess I reason that I'm in the same boat (financially) but now holding a less speculative stock, with a great dividend yield, and perhaps with the potential to recover faster at some time in the future. MAYBE less downside than the speccies too... but in this market who knows? The M&A potential also a minor consideration.
Cheers, MF
Cheers, MF
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With the drop in the AUD this below may even out anyway -
Miningmag, Aug 18 2007 11:05PM - Zinifex, Umicore may get less for smelters - Zinifex Ltd, the world`s third-largest zinc producer, and Umicore SA may raise as much as 13% less from the initial public offering of their smelters after a global rout in equity markets, Credit Suisse Group said.
The planned IPO of Nyrstar, a joint venture between Melbourne-based Zinifex and Brussels-based Umicore, may raise between A$1.8 billion (US$1.4 billion) and A$2 billion, analysts Peter O`Connor and Pablo Kohen said in a report. That compares with their July forecast of A$2 billion to A$2.1 billion.
Global equity markets have fallen this week on deepening concern a global credit crunch will sap earnings and erode economic growth. Asian stocks on Thursday had their-biggest two-day drop since June 2006.
Zinifex has fallen 27% this month in Sydney trading and zinc prices have declined 15%. The latest date for an IPO lodgment for a share sale before Christmas is November 12, Credit Suisse said. Should that deadline pass, the deal will roll over to some time in second quarter of 2008, the report said.
Miningmag, Aug 18 2007 11:05PM - Zinifex, Umicore may get less for smelters - Zinifex Ltd, the world`s third-largest zinc producer, and Umicore SA may raise as much as 13% less from the initial public offering of their smelters after a global rout in equity markets, Credit Suisse Group said.
The planned IPO of Nyrstar, a joint venture between Melbourne-based Zinifex and Brussels-based Umicore, may raise between A$1.8 billion (US$1.4 billion) and A$2 billion, analysts Peter O`Connor and Pablo Kohen said in a report. That compares with their July forecast of A$2 billion to A$2.1 billion.
Global equity markets have fallen this week on deepening concern a global credit crunch will sap earnings and erode economic growth. Asian stocks on Thursday had their-biggest two-day drop since June 2006.
Zinifex has fallen 27% this month in Sydney trading and zinc prices have declined 15%. The latest date for an IPO lodgment for a share sale before Christmas is November 12, Credit Suisse said. Should that deadline pass, the deal will roll over to some time in second quarter of 2008, the report said.
Everybody wait a great rebound after the USA event. Freeport lifted 5,24%, Teck 3,22%, BHP 4,84%. I think miners in Australia will follow this trend....so, the open price will be (would be...must be!!) around 15.30.
And: How can the weaker AUD influence the price of ZFX? Normally, weak currency helps export so it's good for exporting companies like Zinifex...but...but
But, I have an other question. How much is the rate of international investors in aussie market? (For ex. 60-80% in Hungary). So, if AUD will getting more and more weaker...declining won't be good for investors from USA...so, this impact can influence ZFX prices again.
What is good for ZFX? Weaker or stronger AUD?
Well, I am a bit confused...if my post also, sorry
And: How can the weaker AUD influence the price of ZFX? Normally, weak currency helps export so it's good for exporting companies like Zinifex...but...but
But, I have an other question. How much is the rate of international investors in aussie market? (For ex. 60-80% in Hungary). So, if AUD will getting more and more weaker...declining won't be good for investors from USA...so, this impact can influence ZFX prices again.
What is good for ZFX? Weaker or stronger AUD?
Well, I am a bit confused...if my post also, sorry
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I have trippled my holdings of zfx this morning at $15 (should have bought on friday but had no balls!) and look forward to Mondays end of year results.. Will the dividend be annouced within these results.. ?
Profits announced Monday 27th.. says so in the release they issued this morning.
--
20 August 2007
Full Year Financial Results – Clarification of release date
Zinifex wishes to clarify some confusion surrounding the release date of its
Full Year Financial Results.
The Results will be released to market on Monday 27 August 2007.
--
20 August 2007
Full Year Financial Results – Clarification of release date
Zinifex wishes to clarify some confusion surrounding the release date of its
Full Year Financial Results.
The Results will be released to market on Monday 27 August 2007.
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Zinifex delivers a record profit..
Net Profit $1,335 million a 24% increase
Productionlower 5% on previous year due to maintenance
Cash Inflows of $1586 million
70c Dividend fully franked total for 2007 $1.40 per share fully franked
Net Profit $1,335 million a 24% increase
Productionlower 5% on previous year due to maintenance
Cash Inflows of $1586 million
70c Dividend fully franked total for 2007 $1.40 per share fully franked
Hm. I am courious about what will Zinifex do with this large profit.
Well, I am a smallinvestor, so I would have to be happy because the great dividend.
But.
Probably I woulg gain more than 70c per share if the management wants to acquire an other company or two. A large part of the profit will be paid for dividends...I think the rest of profit will not be enough.
Production is less than last year. I don t have informations about the tunisien, swedish projects...are these large ones or can t influance production of ZFX too much? And waht's with Nunavut?
So, have you got info's about it?
Well, I am a smallinvestor, so I would have to be happy because the great dividend.
But.
Probably I woulg gain more than 70c per share if the management wants to acquire an other company or two. A large part of the profit will be paid for dividends...I think the rest of profit will not be enough.
Production is less than last year. I don t have informations about the tunisien, swedish projects...are these large ones or can t influance production of ZFX too much? And waht's with Nunavut?
So, have you got info's about it?
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Last time back in April 06 when POZ was @ around $1.30, ZFX SP was about $9, now it is close to $17. Why should it be such a difference? ZFX over priced?
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If ZFX was $9 the dividend would be round 15% full franked ?!
If anything ZFX is cheap ..
Are you trust trying to spruil poz ?!
If anything ZFX is cheap ..
Are you trust trying to spruil poz ?!
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15% dividends doesnt mean much in this situation, because expected mine life for Century is only a few years... after that the profits would drop unless they find something else to replace it
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Hopefully their acquisitions/ventures like Wolfen find stuff.
ZFX's P/E ratio is only 6 I think, such cheap valuation and even more cash out of Nyrstar.
ZFX's P/E ratio is only 6 I think, such cheap valuation and even more cash out of Nyrstar.
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I suggest you have a read of their recent reports.
Roseberry has about 3 years, Century about 10 years, and Dugald at least 15 years once it's up and running.
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ZFX was cheap @ $9 and is not cheap @ $16. May be reasonable price should be $13 @ the present POZ. I won't be surprised if POZ hits $1.
What do you mean by the last sentence?
Cheers.
Hard to put a value as they are not a full on mining company. When the smelting business is gone then yes do try to value as a miner. I have read, but have no clue to be honest, that the smelting business will be worth more per share separated than as a part of Zinifex. So happy days ahead.
Attempted downramping but it won't work with a large cap resource company. Suggest you read latest publications by ZFX as to their strategies for the future. regards YN.
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Thank you, but I know this company more than any other ASX Co already.
I have been trading in and out of it for 2 years, quite successfully.
I don't want to down ramp it as I still have some shares in it, just comparing some figures that's all.
I know there are some strategies up their sleeves, but none more dependent than POZ. (They actually publish graphs to correlate their profits to POZ!). All the other strategies are semi-speculative, but mostly ALSO dependent on POZ.
Cheers.
I guess it all depends on your outlook on things. On the pessimism-optimism spectrum, I tend to be up the optimist end. I feel confident about ZFX, particularly as they have done well for me in the past and have a solid business plan for the future. regards YN.
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There appear to be some pretty ominous signs here for Zinifex in my humble opinion.......
The one thing I have to continually remind myself, especially in a numbers based job, is that fundamentals always lag the market - ZFX has fantastic numbers, but for whatever reason, there is a dark cloud over this stock.
On a daily view, unlike BHP and RIO that have gone on to get close (or in the case of BHP, 1 cent away) to the highs pre the sub prime jitters, ZFX's rally was light. The 200 dMA that was pierced appears now to be acting as dynamic resistance and all of MA's are pointing down - this looks IMO to be the formation of a major downtrend.
But, the biggest issue here is the magnificent trendline established back at the beginning of this run that turned ZFX into a 1,000 % in 2 years stock appears broken and a full 5 wave count appears to have played out.....
All in all, looks like a short to me - it's been a magnificent stock to watch, but margin wise, this beast is as sensitive as they get.
Cheers
The one thing I have to continually remind myself, especially in a numbers based job, is that fundamentals always lag the market - ZFX has fantastic numbers, but for whatever reason, there is a dark cloud over this stock.
On a daily view, unlike BHP and RIO that have gone on to get close (or in the case of BHP, 1 cent away) to the highs pre the sub prime jitters, ZFX's rally was light. The 200 dMA that was pierced appears now to be acting as dynamic resistance and all of MA's are pointing down - this looks IMO to be the formation of a major downtrend.
But, the biggest issue here is the magnificent trendline established back at the beginning of this run that turned ZFX into a 1,000 % in 2 years stock appears broken and a full 5 wave count appears to have played out.....
All in all, looks like a short to me - it's been a magnificent stock to watch, but margin wise, this beast is as sensitive as they get.
Cheers
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Many, maybe even the majority of stocks out there at the moment are exhibiting a similar pattern however after the recent correction, and there is still more to come.
I would expect some retractment, but with over $1bn profit (and similar forecast for next year), and some further developments in the pipeline, does not make a stock that will continue a downward slide for too long, unless any negative news comes out to push things differently.
That top, of $21 also was strongly based on takeover rumours that never eventuated, and not 'normal' sp movements. If you take that out somewhat, and that massive dip during the correction, a price around the $17 marks seems average, and in fact your 200 MA shows this.
You mention BHP and RIO as comparisons, however these stocks now are also sparked with takeover activities, leading to peaks in these stocks, just as ZFX was a month ago.
However I will say on a purely T/A perspective, the chart would definitely indicate what you are saying.. IMO (only) charting at the moment is a little uncertain during times of such great volatility.
I would expect some retractment, but with over $1bn profit (and similar forecast for next year), and some further developments in the pipeline, does not make a stock that will continue a downward slide for too long, unless any negative news comes out to push things differently.
That top, of $21 also was strongly based on takeover rumours that never eventuated, and not 'normal' sp movements. If you take that out somewhat, and that massive dip during the correction, a price around the $17 marks seems average, and in fact your 200 MA shows this.
You mention BHP and RIO as comparisons, however these stocks now are also sparked with takeover activities, leading to peaks in these stocks, just as ZFX was a month ago.
However I will say on a purely T/A perspective, the chart would definitely indicate what you are saying.. IMO (only) charting at the moment is a little uncertain during times of such great volatility.
