ZincOx Resourceswww.zincox.com TICKER: ZOX EXCHANGE: AIM
ZincOx's ambition is to become the global leader in the recycling of EAFD, a hazardous waste which is generated as a by-product of recycling scrap steel, operating a network of recycling facilities in all major recycling regions. Existing technology for the recovery of zinc aims to optimize the recovery of zinc with an energy efficient, high output approach, providing an economically and environmentally superior solution to the problem of EAFD. The company's recycling projects and zinc smelters are currently located in the United States, Turkey, and Yemen.
Follows funding for the Jabali zinc mining project announced in January 2008
Total $280m raised in the last six months in debt and equity, against a forbidding market background
Target price 411p against current price of 175p
- ZincOx well advanced in plans to be a low cost producer of Zinc
- Processing technology provides a new, economic source of the metal
- Support (technical and on register) of Teck Cominco
- Current share price (280p) appears to significantly underestimate potential - medium term target 496p - Fair Value 558p
Foreign buyers gorging on UK stocks
Document can be downloaded here: UK plc ‘going for a song’
Being a shareholder in a company that receives a juicy takeover offer is a marvellous feeling. Something that many fortunate investors have experienced over the past 3 years. Thanks to a spate of M&A bids by deep pocketed overseas buyers – partly triggered by the June 2016 Brexit result, which sent the £ tumbling and adversely affected the FTSE.
Consequently today, given this trend is unlikely to end anytime soon, we’ve highlighted 30 possible acquisition ideas in the attached research paper. Spilt equally between large and smallcap stocks – covering a broad selection of industries.
What’s more we believe most of these businesses are underpinned by strong fundamentals and substantial upside in the event of predatory interest.
According to Factset Mergerstat/BVR, the average bid premium paid for such deals between 2004-14 was 30% – with the figure trending upwards since the global financial crisis.
Happy investing. Published 27th August 2019