ZFX zinifex limited

zfx downturn overdoneZINIFEX (ZFX) @ $10.02 ST: Buy* Share price...

  1. Bongo67
    550 Posts.
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    17/01/08
    12:11
    Post #: 3255350
    zfx downturn overdone


    ZINIFEX (ZFX) @ $10.02 ST: Buy
    * Share price corrected 45% from A$18.70 in October 2007, ~A$4.0bn in lost market capitalisation.
    * Trading at a discount to NPV of up to 30% based on our numbers using US$0.80 zinc and US$0.85 lead long term.
    * Dividend yield of >13.0%.
    * PE for 2009 of 10.2x.
    * Bid for Allegiance Mining (AGM) ongoing.
    * Recommendation upgraded to a Buy/High Risk following price weakness, with a revised 12-month price target of A$15.00ps.
    ZFX Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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