ZFX zinifex limited

Patersons have just issued a research note which among other...

  1. Caprera
    346 Posts.
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    25/01/08
    12:58
    Post #: 3288596
    Patersons have just issued a research note which among other things says:

    - "With its vast cash reserves (A$2.3b)ZFX is trading at a discounted EV/EBITA multiple of less than 3X for FY08 and FY09. Our valuation is $16.53. BUY"

    It bases its outlook on a number of factors including:

    - ZFX has no debt.

    - Better production outlook now that the planned maintenance at Rosebury has been comleted.

    - As a result of Nyrstar sale the company now has significant capital gains tax credits putting a share buy back back on the agenda.
    ZFX Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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