ZFX - Zinifex Limited

[Kimosabi]

Yes it was a red day for every share I keep an eye on...

since offloading most of my holdings last week I'm stilling on the sidelines waiting to buy back in...If ZFX drops below $14 I might jump in... I'm also keeping a close eye on CBH...

I guess it's a game of wait and see.

Considering some of the largest bank in America appear to be insolvent and many of the biggest US companies and Investors (people in the know) are relocating overseas, I think don't think we've seen anything yet.

Looks to me like America is being deliberately destroyed, with the poor and middle classes that are going to cop the worst of it.

We've only had one round of musical chairs so far, I think there are a few more rounds to go before all of the chairs are removed and "we all fall down".

 

[Stan 101]

It is teetering awfully close to the 52 day low..it's one of the reasons this stock stresses me out! Far too much zig-zagging.

That's exactly why I like this stock. Plenty of buy in - sell off quick opportunities...The only issue is it's five long months until the pack start buying up for the dividend... I wonder due to this last ex whether the pack will be scared off come next dividend wind up?





cheers,

 

[Nyden]

That's exactly why I like this stock. Plenty of buy in - sell off quick opportunities...The only issue is it's five long months until the pack start buying up for the dividend... I wonder due to this last ex whether the pack will be scared off come next dividend wind up?





cheers,

Yes, it's great for traders; but not investors like myself! :
As I said last page - ZFX's growth this year has been non-existant... At least in reflection to the SP. Surely, they've made money & have grown as a company? Whats the deal :

 

[michael_selway]

Yes, it's great for traders; but not investors like myself! :
As I said last page - ZFX's growth this year has been non-existant... At least in reflection to the SP. Surely, they've made money & have grown as a company? Whats the deal :

They need the takeovers!

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 274.1 222.7 163.6 111.9
DPS 140.0 130.0 94.8 57.5

thx

MS

 

[Nyden]

They need the takeovers!

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 274.1 222.7 163.6 111.9
DPS 140.0 130.0 94.8 57.5

thx

MS

Yes, but I mean - everyone knows they're cashed up, and I believe no one thinks 'this is it' for Zinifex?

I'm just surprised the market hasn't really factored in the fact that they're going to be making money soon enough from commodities that aren't Zinc? I don't think it's an issue of them being overvalued with a P/E rating of 6.

I understand that the price of Zinc is going down the hole right now, but $14 seems too low. Ugh, I hate subprime

They should get back into talks with Oxiana for that friendly merger! I hold both, so I'd be smiling

As I said, I believe their dividends are too high - it encourages far too much selling afterwards, and could be spent better elsewhere. What's the point of collecting a 70c dividend when the price drops $4?

 

[prawn_86]

Perhaps the management are happy holding heaps of shares and getting fat dividends, because by the time the mine runs out they will have retired.

Then ZFX will become Pasminco again

They dont seem to promote themselves very much, but i dont follow them too closely

 

[YELNATS]

They dont seem to promote themselves very much, but i dont follow them too closely

That's quite right. Since Greg Gailey, who was a brilliant presenter, has left, there hasn't been anyone to emerge as a good PR person for ZFX.

They still haven't named a replacement for Gailey. Until they do, it seems all the intense speculation over the future direction of ZFX will continue, to the detriment of the share price.

 

[eMark]

I should certainly hope it doesn't drop that low, my average entry was 16.5!
Oh well, hopefully this'll make for a buy opportunity.

I sure wish sub-prime would just go away I'm feeling the pain here!

They should just announce all the write-downs, & what-nots in one big black day, then we can recover : Instead, it's more like an agonizing slow death. Just when things recover, some company announces that they lost 10b. It's really getting old.

It is teetering awfully close to the 52 day low..it's one of the reasons this stock stresses me out! Far too much zig-zagging.

Oh the irony! I made the swap out of ZFX into PDN back in April, and I am still riding that rollercoaster. ZFX went up PDN went down. Now at least for me PDN is up while ZFX is down; as I am still sailing with that same ship being PDN. But in todays climate, I'm not sure which ship to sail. Good luck Nyden, you're welcome back into the PDN thread at any time. There may be a ship with your name on it again soon.

 

[uhu]

Zinifex CEO or other boss said ZFX would give high dividend from NYRSTAR project and probably from the 2008 profit.

I would NOT like more dividend. They gave 1 aud before taxes and I lost 4 aud after exdiv day. In my opinion it would be better to buy as large company as it possible, so, they should not pay dividend.

They have more than one milliard usd from nyrstar, other hundred millions from 2007 and 2008 profit, so they have at least 2 milliard without credits.

What is the price of whole Oxiana? Probably the 2 milliard won't be enough...(?)

 

[edvisor]

Oxi is not far behind in market cap to Zinifex , so they will need 8 B to buy Oxi, imo. Hegarty won't give it away for cheap.

Ideally, they should do a friendly with Oxr, form a combined gold/copper/zinc mid tier powerhouse and then together go on an investment spree for nickel or iron ore companies (WSA ,SMYor MXG). I like to see Owen head the new company.

Plenty of guesses and hypothesis floating round, that's just one of them

I like Prawn's strategy of waiting for the DOW to rally before capitalising. You reduce your gains but there's alot more certainty in that. smart, considering there is more risk on the downside than there is upside potential right now.

UBS and CreditS's purchase last couple days was the sign I needed to enter today, though tentatively. they've done their research(though its just research, its much more thorough than what I could do myself) or better still they are buying for a client on the prowl.

 

[Nyden]

Oh the irony! I made the swap out of ZFX into PDN back in April, and I am still riding that rollercoaster. ZFX went up PDN went down. Now at least for me PDN is up while ZFX is down; as I am still sailing with that same ship being PDN. But in todays climate, I'm not sure which ship to sail. Good luck Nyden, you're welcome back into the PDN thread at any time. There may be a ship with your name on it again soon.

: Was waiting for one of you PDN boys to come over & give me guff!
I've got some pocket change I might throw over into PDN, but - I still think ZFX is potentially hot for some M&A; and at this price...not only as the aggressor! Especially now that the climate for it has certainly heated up

I got out of PDN because it had just fallen and was in a total downtrend...I'm not sure if ZFX is in a downtrend; or rather following it's usual little zig-zag. We've had the zig, just gotta hold out & hope for the zag now!


Agreed Prawn, it's hard for me not to get angry at the buggers - they really don't seem to be thinking long term...most miners don't give out large (if any) dividends for a reason

 

[thewahaman]

Oh the irony! I made the swap out of ZFX into PDN back in April, and I am still riding that rollercoaster. ZFX went up PDN went down. Now at least for me PDN is up while ZFX is down; as I am still sailing with that same ship being PDN. But in todays climate, I'm not sure which ship to sail. Good luck Nyden, you're welcome back into the PDN thread at any time. There may be a ship with your name on it again soon.

I'm on both the ZFX and PDN rollercoasters, as one goes up, the other goes down... Don't seem to be getting anywhere

 

[porkpie324]

When comparing ZFX against other resource companies it's obvious that ZFX has not recovered from the August sell off, infact zinc stocks have not genenally recovered as well as nickel stocks so perhaps its a case of investing in the wrong sector.
But more importantly to me is the sell off in ZFX on heavy volume the last 3 weeks. porkpie

 

[edvisor]

Looks like AXA has finished their ZFX portfolio rebalancing. Sellers are waning.
Market rally losing steam but ZFX SP is still gaining.

Commodity stocks like this is definitely not for the faint hearted. Probably best to look at it on a weekly basis instead of hour to hour/day to day movement. Not good for the heart

 

[michael_selway]

Looks like AXA has finished their ZFX portfolio rebalancing. Sellers are waning.
Market rally losing steam but ZFX SP is still gaining.

Commodity stocks like this is definitely not for the faint hearted. Probably best to look at it on a weekly basis instead of hour to hour/day to day movement. Not good for the heart

Hi looks pretty good

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 274.1 222.7 163.6 111.9
DPS 140.0 130.0 94.8 57.5

thx

MS

 

[overule]

Personally, I think it's better to buy a put and call option with ZFX. That's what i did this afternoon. ZFX can only go one way, ie up all the way or vice-versa. I am confident that i will get something out of either call or put option.

 

[mfp]

ZFX finally had a very strong day on a relatively moderate rise for our market on Friday. However, with the DOW off 223 Friday our market will no doubt have another very tough day Monday. How do people think ZFX will go? Another massive drop to give up all Friday's gain? a more modest drop? possibly even a positive close? With all the beating it has copped since going ex-div it surely deserves to perform well on a negative day for a change. Opinions would be much appreciated.

 

[Nyden]

ZFX finally had a very strong day on a relatively moderate rise for our market on Friday. However, with the DOW off 223 Friday our market will no doubt have another very tough day Monday. How do people think ZFX will go? Another massive drop to give up all Friday's gain? a more modest drop? possibly even a positive close? With all the beating it has copped since going ex-div it surely deserves to perform well on a negative day for a change. Opinions would be much appreciated.

To be honest I'm hoping this BHP/RIO business will keep our markets afloat for the week, I'm not exactly expecting a positive rally on Monday; but rather a neutral day. Our markets have had the weekend to relax after seeing all the red in the US, & I know I'm personally feeling rather positive because of BHP...who knows, maybe other investors are as well!

Then again, we may plunge straight down
ZFX could quite easily give up the 4% gains made on Friday, as someone else stated - this stock isn't for the faint hearted :

 

[overule]

Then again, we may plunge straight down
ZFX could quite easily give up the 4% gains made on Friday, as someone else stated - this stock isn't for the faint hearted :

I believe so, US markets dropped overnight. With the low ZINC prices, this could happen easily. I am sure most ZFX's shareholders (short term ZFX holders) are disappointed with the SP at the moment. Thus, they will be happy to sell eventhough they will incur a loss.

 

[Nyden]

I'm just anxiously waiting out to see who takes the reigns over as CEO (apparently before end of 07, so - not too far off).

I feel that the right person being made CEO could have a fair influence over the SP - either way

True Overule, but - the whole BHP/RIO acquisition; may keep resource stocks afloat...let me hope