forward pe 6 or 12

Gann is of thebelief that zfx is currently on a pe of 12, the same as BHP.

it appears the rest of the universe is wrong, including the ferrett who today states:


Zinifex may have announced a more-than-trebled first-half net profit - from $227 million to $751 million - but the shares fell 29c to $16.91.

That's probably because the profit, although up threefold on comparable period, was only "close" to the June half record.

Also, tax losses have been all but used up, costs are rising and metal prices are unlikely to start soaring again like last year.

The sharemarket only likes "good growth stories".

However, there would appear to be a lot of leeway in Zinifex.

It had an EPS of 154c in the first half.

Annualise that and Zinifex is on a forward p/e of less than 6.