ZFX zinifex limited

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  1. 875 Posts.
    This is what my advisor is saying ............ (today's advice)

    "ZFX indicated at the time of the quarterly that the February dividend would be based
    on operational earnings and will not include any capital return related to the asset
    sale. This seems reasonable to us as the board and incoming CEO should take time to
    assess the acquisition and capital expenditure programme before undertaking a
    capital management initiative. We expect that in the absence of an acquisition, this
    may take place at the full year result."


    Sort of means we can't miss ......... unless they make a dodgy acquisition.

    They also say .........

    and ...........
    "Following the spin off of the smelters, we see potential upside to our price target if ZFX re-rates to trade on the higher multiples of its global peers."

    cheers,
 
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Currently unlisted public company.

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