ZEN 2.06% 49.5¢ zenith energy limited

I'm getting rid of this stinking pile of cat turd soon - if we...

  1. 773 Posts.
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    I'm getting rid of this stinking pile of cat turd soon - if we revisit their report, you'll notice it takes ~5 years for FCF to breakeven, and remaining 5 years is free cash. The problem is thus:

    - their power plant lifespans are ~10ish years before they need to refresh/renew assets, at which point more massive CAPEX
    - their debt repayments will mean most likely depressed FCF until it's 100% paid, and with only $1m of cash on hand, it'll be depressed for a while
    - this is not infrastructure where people will need their power supply indefinitely - mines can run out/deplete, hence there's the risk here

    I was immature to buy ZEN, and now I've had an opportunity to learn and wisen up, this is a horrible investment. Can't wait to be out. Good riddance!
 
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