Australian (ASX) Stock Market Forum

ZFX - Zinifex Limited

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uhu said:
Can is this true?
Wel, it's a bit funny. I have been waiting for a long time....but when I bought ZFX and OXR in the summer, I hoped ZFX will be the buyer.
So, there are some articles in the main newspapers, but maybe you can "smell" better in Australia than me in Hungary.

So, without exact facts, what are your noise saying?
Click to expand...

I know you're not talking to me but..

Actually for me, I'm glad OXR is rumoured to be the buyer and not the other way around. If they make a scrip offer as per the rumours say that should result on OXR going down while ZFX heads the other way, similar to what we're seeing now with BHP and RIO. When that happens I'll have my hands in both pots and at the end of the day, if it all goes ahead as planned, we'll still have ZFX in the form of OXR but without the management. Hopefully they'll be equally as good running a larger and diverse (global) company.
 
shinobi346 said:
I know you're not talking to me but..

Actually for me, I'm glad OXR is the buyer. If they make a scrip offer as per the rumours say that should result on OXR going down while ZFX heads the other way, similar to what we're seeing now with BHP and RIO. When that happens I'll have my hands in both pots and at the end of the day, if it all goes ahead as planned, we'll still have ZFX in the form of OXR but without the management. Hopefully they'll be equally as good running a larger and diverse (global) company.
Click to expand...


Watch the wording there, sounds awfully like you're stating it as a fact in your first sentance! :p: None of us know if a bid is even in the works, little alone if there is a buyer.

I'm just concerned people may read this, and think it's already happening
 
Understood, agreed and I've edited my post. I wasn't meaning to say something else there and no I don't have any inside information. I'm only commenting on a rumour, guys and what mightttt happen. :)
 
This ought to keep you ZFX holders happy :p!

I think Oxiana and Zinifex need each other to survive, they are marriage material.

OXR has the long-term capacity and copper/gold assets, Zinifex milks money out of its Zinc/smelting operations and its chosen some really nice small hopefuls like Wolfden and it has a fair few projects coming online.

Zinifox would be a great stock!
 
Last day there was an other event what could mobilise ZFX and OXR share prices: the earthquake in Chile, so, there were (are) jitters about copper-zinc supply.
So, I think aussie miners had to go up without the roumor. So, two things will influence the tomorrow trading:
- the roumor will continue or not
- news about the s am mines

So, these aspects can lift more ZFX prices or can send back to the hell...well, the likely scenario is: large volume, profit realising, but there won't be dropping.
 
Personally, I think i am well equipped with a call and put option :D. Either way, I will be alright. Thinking about tomorrow, ZFX might surge up again. If not, it will stay within what it's at the moment. Honestly, i don't expect a big drop tomorrow.
 
I just bought on Wednesday @$14.40. Very nice rise, should see a few more rises on Friday. So glad I did buy only wish I had more money to buy more...
 
Well, I don't tell you my entry price to ZFX...it was very-very high. :(

So, if OXR-ZFX roumor is true, maybe I will be given back my money... :)
 
Was a bad day for all mining stocks so the 4.35% fall wasn't too bad. Nothing came out, but I am expecting something over the weekend at least, if it is happening.:D
Volume was 2x normal, so still cooking something.
 
uhu said:
Well, I don't tell you my entry price to ZFX...it was very-very high. :(

So, if OXR-ZFX roumor is true, maybe I will be given back my money... :)
Click to expand...

Don't be ashamed mate - I re-bought in a while ago at about 17.5! Your entry can't be much higher then that

I'm doubting if anything is happening legs - one article mentioned a lot of this could be due to shorts.

Stressful weekend! Waiting for the answer from the PNG government for FNT, waiting for a takeover bid for/from ZFX, and I also hold OXR! Ugh, no rest for the wicked eh :p:


I need a holiday, anyone know anything about that new P&O liner? :p:
 
Hi Guys,
Zinifex is really a great stock to trade. I 've been buying and selling Zinifex for more than 3 years now - and truthfully, have never made a loss.

At times I thought I was done, in fact my highest buy was at $19.95 - wow - that was only 4 months ago :eek:

I have been blessed with dividends nearly every 6 months, except the most recent one as it became obvious the SP was starting to struggle and I ditched out all at a profit and missed out on the dividend. :mad:

Having traded ZFX for so long, just like any stock, you get to know it and you become more aware of the market conditions that effect the SP, the emotions of the traders and most importantly you develop a "gut" feeling for the stock - it's a bit hard to explain and a lot of technical traders will be in total disagreement.

My approach with Zinifex is never to go in too heavy, pick a low entry point and take your profit if it rises. If it falls, then grab another packet. Trading from here depends on your budget. For me, I will continue picking up packets every $0.50 or so as it falls. If I am going for dividends I will leave an "orphan" behind (my lowest packet) and play it out to kill the top packet - either by waiting it out or to average the remaining packets to free up the cash and make a profit. Then the cycle starts again.

Patience has always been the key for me with Zinifex, I generally won't buy on a green day, or a rumour day - just too many profit takers around to give you a headache.

I am still holding some ZFX, my average is around $16.50, so currently I have a buy target of below $15.00. For people who got caught in the rumour hype, I would suggest they hold, average down at this level (if they have the budget). There should be no need to take a loss on Zinifex - be patient, it really is a great stock:D

These are just my personal opinions and are not to be treated as anything more. I am not an advisor, please do your own research.
 
Green day?????????????? Whats that excuse my ignorance.. If ones got 100k to invest at what amounts shell one enter and re-buy if it goes down????
Talk to me if ur still logged in???
 
I think a green day is when the stock goes up as appose to a red day when it goes down. I just hope it goes up more on Monday.. :)
 
roland said:
Hi Guys,
Zinifex is really a great stock to trade. I 've been buying and selling Zinifex for more than 3 years now - and truthfully, have never made a loss.

At times I thought I was done, in fact my highest buy was at $19.95 - wow - that was only 4 months ago :eek:

I have been blessed with dividends nearly every 6 months, except the most recent one as it became obvious the SP was starting to struggle and I ditched out all at a profit and missed out on the dividend. :mad:

Having traded ZFX for so long, just like any stock, you get to know it and you become more aware of the market conditions that effect the SP, the emotions of the traders and most importantly you develop a "gut" feeling for the stock - it's a bit hard to explain and a lot of technical traders will be in total disagreement.

My approach with Zinifex is never to go in too heavy, pick a low entry point and take your profit if it rises. If it falls, then grab another packet. Trading from here depends on your budget. For me, I will continue picking up packets every $0.50 or so as it falls. If I am going for dividends I will leave an "orphan" behind (my lowest packet) and play it out to kill the top packet - either by waiting it out or to average the remaining packets to free up the cash and make a profit. Then the cycle starts again.

Patience has always been the key for me with Zinifex, I generally won't buy on a green day, or a rumour day - just too many profit takers around to give you a headache.

I am still holding some ZFX, my average is around $16.50, so currently I have a buy target of below $15.00. For people who got caught in the rumour hype, I would suggest they hold, average down at this level (if they have the budget). There should be no need to take a loss on Zinifex - be patient, it really is a great stock:D

These are just my personal opinions and are not to be treated as anything more. I am not an advisor, please do your own research.
Click to expand...

Yes its still a great stock

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 274.1 200.1 156.0 110.0
DPS 140.0 130.0 90.4 60.0


Date: 16/11/2007
Author: Andrew Trounson
Source: The Australian --- Page: 25
It has been speculated that Zinifex could be acquired by Oxiana or Xstrata.Shares in the Australian lead and zinc miner increased $A1.69 to $A16.09 on 15November 2007 amid rumours that Oxiana is about to launch a four-for-one scripbid with a cash incentive of $A4 a share. Swiss group Xstrata is also believedto be interested in Zinifex. Zinifex meanwhile announced the appointment ofAndrew Michelmore as its new CEO. Michelmore, who defended a bid from Xstrata ashead of WMC Resources, said he will focus on maximising value from existingassets and seeking opportunities for growth

Date: 16/11/2007
Author: Michael Vaughan
Source: The Australian Financial Review --- Page: 61
On 15 November 2007, Zinifex declared that it has not received a takeoverapproach from Oxiana. The group also confirmed that former WMC Resources CEO,Andrew Michelmore, has been appointed as Zinifex's new CEO.Michelmore's appointment helps reduce the Australian-listed zincminer's vulnerability to a takeover bid, but the group is thought to remaina target. Zinifex shares closed $A1.69 higher at $A16.09. Meanwhile, NorilskNickel has taken steps to raise $A2.5 billion via the sale of 3.9 per cent ofits treasury stock. The move has fuelled speculation that the Russian group maytarget an Australian miner for takeover

Back
Date: 16/11/2007
Author: Barry FitzGerald
Source: The Age --- Page: B3
Rumours of a $A10 billion Oxiana takeover bid for Australian zinc miner,Zinifex, have been disputed. On 15 November 2007, a spokesperson for Zinifexsaid that no group has made any offer for it. Investors were not going to beleft out, and on the day the share price of Zinifex rose by 11.7% to close at$A16.09. It has also announced that it has appointed a new CEO. The former WMCmanaging director, Andrew Michelmore, will take on the job from 1 February 2008.He will have a base salary of $A1.9 million as well as a performance-basedincentives. He will also get $A1 million worth of Zinifex shares
Click to expand...
 
Can someone please enlighten me on something? When the rumour came out that OXR might gobble up ZFX, how is it that a rumour can get so specific in detail as to name the potential terms of the offer i.e 4 for 1 plus $4? I'm sure it would have been enough to just mention that there may be a takeover for the price to skyrocket. Considering now that the stock is back to its usual recent downward trend not a few days after the rumour, who's behind this rumour and what right do they have to mention it at all?
 
michael_selway said:
Yes its still a great stock

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 274.1 200.1 156.0 110.0
DPS 140.0 130.0 90.4 60.0
Click to expand...

LOL im not into fundies anymore but surely decreasing EPS and decreasing DPS don't make this a great stock?

$21+ maybe was the peak.
 
I would agree so unless there's another takeover rumours, i see ZFX diving. Probably bad timing for those traders who got in just for dividends.
 
Well, someone had better announce something soon :p: With Zinc ever-plummeting, this one's going to be hard pressed staying afloat unless ZFX announce some profitable acquisitions, or someone else announcing the acquisition of ZFX!

I might just have to change my signature smiley back to dead horse if ZFX drops today the length Zinc did - and with the dow behaving the way it did last night; certainly looks to be a probability :(
 

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