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RealDutch

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RealDutch

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Re: MaterialMind post# 12888

Tuesday, 05/23/2023 3:42:45 AM

Tuesday, May 23, 2023 3:42:45 AM

Post# of 12924
What to make of ZIM

Positives
- Cash flow is ok
- Guidance unchanged, EBIT positive for 2023
- Trading at 41% of book with strong balance sheet (accounts for the dividend paid)

Negatives
- Q2 won't be any better
- $700M charge in Q2 from the $6.4 dividend paid in April.
- No dividend paid in Q1

Perhaps it will trade in the $14 - $16 range for a while?
We should see $20+ later this year if/when things improve.

I have a target of $15.20 and $16.20 for my call options.

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