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.
    lightbulb Created with Sketch. 106
    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!
watchlist Created with Sketch. Add ZEN (ASX) to my watchlist
(20min delay)
Mkt cap ! $54.65M
Open High Low Value Volume
49.0¢ 50.0¢ 49.0¢ $33.80K 68.13K

Buyers (Bids)

No. Vol. Price($)
1 10736 49.5¢

Sellers (Offers)

Price($) Vol. No.
50.0¢ 72133 4
View Market Depth
Last update - 12.48pm 25/06/2019 (20 minute delay) ?
ZEN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.