ASX:ZFX re: Zinifex possibly about to get slaughtered
ZFX has just issued profit guidence for half year to 31/12/07.
EBIT from continuing operations (mines) $250 to $275 million or 36 cents to 40 EPS for the half or 72 to 80 cents for the full year.
Only have about $1.2B in the bank, worth $2.50 a share.
Place ZFX on a PE ratio of 8 and add $2.50 and it is worth $9 a share. On a PE ratio of 10 is worth $10.50.
Takeover of AGM could add 20 cents EPS, at US$25K tonne nickel. On US$16K tonne = 13 cents EPS.
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- announcement just released
ZFX
zinifex limited
announcement just released, page-27
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