ZIM ZIM Integrated Shipping Services Ltd.

Stock Price & Overview

@Dinesh S I’m looking at it, I think a better opportunity to do this will come later, perhaps in July or August. Q2 disappointment potential could open the door here.

@John_III_XVI Although I was intending to stay away for the summer, and possibly because I went from 100% invested to sitting on a lot of cash, I made three purchases in the last couple of days: GOOG at 167, DX at 12.05, and ZIM at 15.60 (which was a price point I picked months ago if I could buy it before the next dividend). Despite the market run up, I felt each was fairly priced. I will try to maintain my discipline on the other cash funds and wait to see how the Summer plays out.

I sold January 2026 calls for $3 recently. That hedged me enough to stay in the position.

@Himself Naturally Thanks. Still holding DX now & some USOI until oil tanks (unintended pun). Want to see how this Iran/Israel truce holds up. Iran's supported terrorist cult followers may screw it up. Iran does not like being the primary target for USA bunker busters & Israeli rockets. Global trade & all of us could use an extended break. ZIM dropping near $16 is making my buy finger itch. ;>))

@bananawhopper Banana yes it has been crazy and WTI is at $65 this morning.
Certainly was not on my crystal ball.
We appreciate your analysis. Enjoy the Holiday.
Remember there is No Normal with ZIM

Shippers all taking a big hit this morning. HAFN, FRO, ECO, AMKBY, NAT, STNG, DHT, ZIM, LNG, GLNG, TNK, TK, SFL, NMM, GOGL and more

NORMAL INSTABILITY RETURNS!

With Trump announcing "the war is over" we should within a day or two see market conditions affecting Zim and other ocean liner companies revert back to the usual "normally unstable" conditions we are accustomed to. What fun this roller coaster ride is! For about 12 days we have been in a wild and woolly war zone situation with Iran, Israel, and briefly the USA all shooting at each other.

Oil prices moved briskly higher to now fall quickly lower today. Insurance costs, bunker fuel costs, and other expenses moved higher too. Freight rates pushed up also. But that was yesterday. As Scarlett said, "tomorrow is another day." And we may see all of those things rapidly reverse, leaving investors back at square one, but with share prices lower for Zim and other ocean shippers.

It's so good to be back to the normal drama of Zim's daily instability! I was nervous when everything was all trending UP. Seemed too stable and predictable didn't it?

After this crazy adventure over the past couple of weeks, I think I need a break. So as the Independence holiday approaches, I am going to step back a little and take some time out. Going to attend some BBQ functions, watch some fireworks shows, see some friends, and just chill for a while. Here in Mississippi, this is a big holiday so celebrations start this weekend and continue all week through the 4th. Not much gets done, frankly, but precisely what I want is a "time out."

Hope all this war dust up settles down and after the Independence holiday we can get back to the business of ordinary investing!

@bananawhopper Of course Iran sent operatives into the USA when Biden eliminated our Border.
Only a Fool would think otherwise. Probably flown to their desired destination put up in 4Star Hotel with prepaid credit cards.
Courtesy of you and I and all the other Tax payers.
This truce will put a dampener on Freight Rates for now.

@Desert Wolf That's the eternal optimism of Wall Street for you! They see everything going quiet, the war slowing down and rolling to a dead stop, and the price of oil dropping back to its May lows under $60 for WTI.

For that to happen, Israel has to stop flying bombing missions into Iran and Iran has to stop lobbing missiles, rockets, drones, and other weapons at Israel...and as of today the US also. Everyone has to zip up their mouths and stop inciting more conflict. And PEACE has to bloom like a flower all over the Middle East...including at the Houthi's, at Hamas, and at Hezbollah. Someone must also light a big bonfire out on a sand dune and everyone of those parties must hold hands singing Kumbaya around the fire, hugging each other when it is all over.

If it doesn't happen like that oil isn't going to drop back down to $57 per barrel as it was just a few weeks ago. Wall Street believes the fairy tale scene I described will take place. I don't thing so! But for now, oil traders are betting that we are about to see an end to this war so oil prices are declining.

As for me, I bought 200 more shares in the pre-market session this morning of my oil tracking ETF. I doubled down on my LONG bet on oil prices moving higher, at least in the short term of the next few weeks. I'm betting this war is NOT over by a long shot. I'm also betting Trump will be entirely UNABLE to resist hitting Iran again. Just because he can, and just because it makes him feel good to bully someone and toss his weight around. Trump will justify it by saying Iran hasn't come around to "unconditional surrender" yet and he has allowed enough time for them to reach that decision. So another hit or two is just to apply more pressure on them.

And thus the DRAMA continues!

@Desert Wolf Taking out Iran's oil storage is a good tactic, in that it robs Iran of oil it is HOLDING but isn't selling. That hurts its economy.

But taking out export terminals is more problematic in that it robs Iran from being able to "ship out" its oil to customers. That is the same effect as bombing and destroying production facilities so that Iran cannot produce more oil. If Iran's ability to actually produce, sell, and deliver its oil to customers is eliminated, that puts Iran in a position where it will reason:

"If we our oil can't reach our customers, YOUR oil isn't going to reach its customers either!"

And that leads to closure of the Straits of Hormuz along with deliberate targeting of Western oil transporting ships. In essence, destroying Iran's oil capabilities gives it nothing to lose by harming everyone else's oil marketing and use.

I understand you and others feel the US and possibly others will immediately send in their military to clear minefields and keep the Straits open. Here is the problem with that idea.

First when the Straits become the place where American military must stay in order to keep the channel open, it puts those American ships in a very small strip of water, making Iran able to target them like shooting fish in a barrel. Missiles and drones can be easily sent to target those American ships, leaving the Americans to have to constantly defend against incoming weapons while they try to get useful work done clearing the water of mines.

It then becomes hell for American troops in that they have to worry about inadvertently hitting mines in the water and exploding some of them while also tracking subs which might fire torpedoes at them. At the same time they have to be alert around the clock for incoming cruise missiles, drones, or just simple rockets. Although American navy sailors can certainly do all those tasks, they can't get a lot of useful work clearing mines done while trying to defeat incoming destructive weapons targeting them. Plus being under constant but irregular attack gets on the nerves of soldiers when it goes on day by day for a long time.

At some point also, commercial ships stop going through the Strait even if American ships are there to protect them because NOTHING is worth putting their own assets and lives at risk in a war that they are not a part of. Thus we get to a point of no return where it costs America millions to defend a strip of water that most shippers stop using anyway. That asymmetrical approach to retaliation is typical of Iran's tactics.

The US has a history of spending millions to deal with a low cost alleged "threat." Witness as a case in point of our governments use of a $400,000 AIM-9X Sidewinder missile fired from a $143 million F22 Raptor jet to destroy a $13 hobby balloon sent up by a teen hobby club. This level of sheer folly is not lost on anyone in the civilized world. Thus the Houthi attacks often used drones costing a few thousand dollars to cause the US to shoot expensive missiles from huge ships that cost tons to operate even for just a single day.

So what's my point? YES, America can indeed destroy some low dollar targets inside Iran or launched by them but America will do it a GREAT expense. About the same ratio as using a $143 Million jet with a $400,000 missile to destroy a $13 balloon. But who WINS in a battle where the costs are so overwhelmingly one sided? Not the one paying the high price. And that is why we, meaning American, cannot ultimately prevail over opponents who taunt us in this manner.

We just dropped 14 of the largest bombs ever built on Iran this weekend. Those bombs cost....wait for it....$2.1 BILLION EACH! We dropped 14. I'll let you do the math. The planes we put at risk cost $2.13 BILLION EACH. We sent 7 planes in the war zone. What's my point here?

That the evidence does not show that there was ANY 60% enriched uranium or other important items needed for bomb making left in any of the facilities we targeted. Yes, buildings were destroyed. Empty buildings. with NO bomb making materials left inside. The Iranians moved everything out days ago. The PROOF of what I just wrote is that no detection of radiation at Fordo has been detected. If the 16 batches which totaled 800 pounds of 60% enriched radioactive material had been still inside, the level of radiation released would have been off the scales!

Thus despite Trump's bragging, nothing critical to Iran's bomb making was destroyed by American's raids. The only real damage to Iran's bomb making capability has been the scientists that Israel already killed on Day One. And thus Iran has cost US taxpayers a ton of money for very little hindrance of their bomb making ability. That is asymmetrical warfare at its best. One side spends little and loses little, while the other side spends exorbitant amounts of money to accomplish next to nothing.

The last issue I will tackle is your statement that Iran will run out of missiles. YES that is correct, if the war stretches out long enough. But Israel will run out of defensive missiles too, again if the war stretches out long enough. How long it will take for one of them to run out and WHO runs out first is pure speculation.

But what we do know, is that each Israeli "Arrow" defender missile which is used for long range interception of ballistic missile costs about $3 Million. The intermediate range "David's Sling" missiles Israel uses in PAIRS cost $700,000 each, or $1.4 Million per pair launched. So to block out the really big missiles Iran launches, it costs Israel $1.4 to $3 Million per incoming missile to shoot down, when long or intermediate range missiles are used. Even then, some missiles get through. With the short range "Iron Dome" missiles about 10% of the incoming missiles manage to get through.

So despite the high cost, Israel is a sitting duck in that it CANNOT keep everything out, no matter how much it spends. Every missile that hits causes considerable damage. So yes, Israel can make Iran look like swiss cheese by continued aerial bombardment of targets. But while they are doing that, Iran can turn Israel into swiss cheese too, and cost Israel a lot of money to both defend itself and attack Iran at the same time.

This war therefore will boil down to who is the last man standing, or essentially how much damage and expense is too much for one of them to withstand. Anyone's guess is as good as mine as to who lasts the longest or who gives up first.

Let’s see what Monday, Tuesday brings for ZIM and Rates.

@bananawhopper The USA will not put boots on the ground and should not. It may take a few more months of Israel controlling Iranian airspace and eliminating Iran’s threats. At some point Iran will run out of missiles. There are many more targets that Israel or the USA can take out. I assume Oil storage and export terminals are high on the list. Follow the $$.

NOT ONE AND DONE!

Wall Street's operation thesis has been, until the US attacked Iran that is, the Iran-Israel conflict would remain a two party war, with no one else joining in. There would be, Wall Street believed, no expansion of the war and no serious regional or world wide repercussions. Until the US stepped in, that thesis had a small chance of being true. But that is out the window now.

The question now, with the US solidly into the fray: "Is the single sortie to bomb Iran's facilities a "One and Done" effort?" The follow up questions are whether or not the US completely pulls back into a "defensive only" mode and ceases all further direct hostilities against Iran. And, will the next step be a return to talks designed to diplomatically settle the issues and end the fighting because all sides understand the nuclear sites are gone so further fighting over nuclear bomb possession by Iran is senseless? Or will Iran seek to expand the battle with punitive retaliation in whatever manner is possible against the US and/or the Western world in general? I say the odds favor the latter.

Theoretically, with the bomb making facilities blown up, the time needed for Iran to regroup and make bombs is now measured in multiple years, not weeks or months. So why not agree to a treaty now? Iran has nothing to lose by doing that, as cheating on a treaty agreement doesn't really count in today's world. (Of course, Iran might just BUY a nuclear bomb from some other country (N. Korea maybe?), but that would be too easy and simple.)

And thus Wall Street STILL sees the current set of events as limited and contained in nature, because there is nothing worth fighting over if the US has destroyed Iran's bomb making capacity. And thus upcoming MARKET REACTION is going to be fairly limited UNLESS something else happens that is more drastic in nature.

Specifically because there are many more actions whereby Iran could retaliate asymmetrically against the US in particular, this is not likely to be a "One and Done" situation. I've posted many of those actions here before so I won't list them again. The point here is I don't think we will see the war activities cease nor will the US involvement prove to be limited to just this one attack. There's more chapters to read in this war saga, I think!

Meanwhile back at the ranch, very early market indications are that oil prices are climbing a little bit higher, as I predicted they would. BTW, for those who care to know, I expect WTI to eventually hit $85 per share with Brent possibly hitting $90 per barrel, WITHOUT closure of the Straits of Hormuz. The climb up could take a few weeks time however. If the Straits are closed, the price will zip higher overnight. Right now, Brent oil is up almost 30% above its May low. For Brent to get to $90 per barrel, that requires less than a 20% rise from where prices are now.

How is this impacting shipping, one surely must ask? Freightwaves has a good article out today on what has happened to TANKER rates. The article says:

"The rate for a 270,000-metric ton tanker surged 22 points, or about 50%, on the Worldscale (WS) global index to about 75, on a baseline of 100. This translates to a roundtrip time charter equivalent (TCE) of more than $57,000 per day, according to published reports.
That rate was approximately $21,000 per day as of June 11."

June 11 was just 11 days ago right before the war started That's a HUGE jump in a very brief period of time. I have not seen freight rate data yet for container rates, which of course is what affects Zim directly, but with tanker rates jumping this much, it's likely container rates will also be pushed up by this war conflict. Zim's operations are keyed so that when it gets paid high freight rates and can find plenty of containers to haul, it rakes in MASSIVE profits. Since the June freight loadings wind up putting their income on the July books, Q3 is shaping up to be a very strong quarter for Zim.

Zim and everyone else does get hit by higher costs for fuel due to oil and gas price hikes. But Zim has a lot of its bunker fuel under contract with Shell and others so that it isn't as heavily impacted by the fluctuations in fuel costs. Still costs will be higher for trip insurance, fuel, and even labor costs for "hazard pay" when transiting through war zones. So higher rates are helpful but they may not produce quite as much profit as many think they will.

Since we don't see the profits from Q3 (or even Q2) for a few months when they are announced, the stock price right now for Zim is likely to be pushed lower by the war impacts. The City of Haifa where Zim is headquartered is under fire from Iran missiles and drones. Some ARE getting through and causing heavy damage when they do hit. There has been one hit close to the actual port to the southwest of the water itself. The risk is that any given minute another missile might get through and hit somewhere that affects Zim itself. The more the attacks continue, the more likely it is that Zim itself gets impacted in a costly manner by Iran's strikes.

Iran isn't tossing snowballs at the Israelis. When their weapons do break through Israel's defenses, anything hit gets destroyed to some degree. War, as I have stated, is all about Death and Destruction....and nothing else. Neither Hamas nor the Houthis, or any other Iran proxies, have the kind of heavy firepower that Iran has and is using in this war to target Haifa and other Israeli cities. So we are now in the phase of this war where death and destruction are becoming more real inside Israel every single day.

Iran isn't tiny little Gaza. Iran is 90 million people in a large land territory with a decent sized economy and a lot of military resources. Israel with its 9 million people cannot wipe out that many enemies using only a strategy of aerial warfare, unless of course it nuclear bombs Iran. If that happens we open a whole new chapter in world history as only the USA has ever nuclear bombed anyone.

So was this weekend's USA attacks a "One and Done" scenario? Frankly I don't see how it can be. But time will tell.

WHAT WILL MONDAY BRING?

We likely need to wait until tomorrow to see what tomorrow brings in this new situation where the USA has now entered the Iran war before trying to plan for Monday's stock action. I correctly predicted Trump would attack, even getting the day right for the attack. However Trump move the start up by 12 hours or so due to his normal "shoot first" mentality. I don't know why I even bother to sit in on Hegseth's unsecure Signal chats as the President doesn't listen to the actual war plans they go over!

Just kidding on that last remark. I don't want the FBI showing up at my door. I've never actually used Signal chat for anything.

Anyway, literally ANYTHING might happen now that the USA is in this war. BE PREPARED for surprises and for impactful shocks in the market, especially related to oil and gas.

Despite tons of speculation and FEAR, we are not likely to see Iran take any action at this time to close the Straits of Hormuz. That's a card they WILL NOT play unless their own oil and gas facilities are destroyed by the war. If Iran does see its own facilities destroyed so that it can't ship out its oil, then it has a lot to gain by closing the Straits at that point in time. Essentially the theory becomes if Iran can't itself ship out oil, everyone else needs to suffer an inability to ship oil too.

If the war drags on, as it likely could, then over time I expect Israel to take out some of Iran's oil and gas facilities, either intentionally or via collateral damage as it targets missile defense launchers surrounding these facilities. So expect oil prices to go higher, but for now only incrementally and fairly slowly over time.

What I do expect come Monday is a start of a progression of other liner companies skipping service to any Israeli and Red Sea ports, and likely some ports on the Persian Gulf. Maersk made the announcement Friday to skip service to HAIFA. (Got it spelled right this time!) It's just too unsafe and overall RISKY to send ships into an active battle zone with an escalating war in play. This won't have a huge impact overall but it will not help any liner companies either. Rising oil prices lead to higher fuel costs and skipped ports of call leads to lost business, so liner companies will see impacts from an escalating and longer war.

I fully expect Houthis and others to step back into attacks that target anything Israeli related, which could easily be Zim ships sailing anywhere in the region within range of any rockets. These other players in the game may be less effective due to having been hit earlier themselves but it only takes ONE successful missile hit to sink a ship. With a new container ship costing $200 Million or more, and Zim having a whole fleet of costly newer ships on the water, Zim becomes a choice target for attack. It isn't going to be easy to avoid getting hit. If the war continues long enough, I fully expect Zim to suffer physical damage to its ships or facilities.

We are in a new chapter of the war that will generate spillover impacts on stocks in general and Zim in particular. Zim has an adept management team and in its more than 75 year history had navigated around wars all over the planet. So they are very well aware, and I hope, capable of skirting this war as much as possible until conditions settle down.

We will see what the US entry into the war generates but I don't expect it to help much when it comes to improving investments. We just need to prepare for MORE CHANGES that were not even on the horizon at the start of this year.

@bananawhopper "BTW, a 70% "disagree" rating should give cause for an author to sit and down and think about why so many in the audience are throwing rotten tomatoes at him!"

Probably b/c they own shares

@nyc3053 Australia Set the first post aside for a minute and look at this one. The first post has a different "timing of purchase" pattern than this one. It isn't that the first post won't work as stated, it's just that the timing of share purchases may not fit well with what happens in the market. So I got to thinking about an alternative PLAN B. This one should be accurate, but you and others can check me out to be sure it is. BTW, I like this one better.

Plan B:

Step 1) $10,000 needed to buy new 1,000 shares @ $10 per share before Q2 Sept 2 ex dividend date. Buy any time a dip appears, likely in late August.

Step 2) Collect Q2 dividend on all 9,468 shares which will be about $3,550 NET paid on Sept 9 after 25% tax. (Dividend estimated at $0.50 before tax.) Unrecovered cost for the 1,000 new shares drops to $6,450.

Step 3) $5,320 needed to buy the remaining 532 shares before Dec. 2 ex dividend date for Q3. Purchase price needs to be $10 or less. Unrecovered cost for all new shares increases to $11,770 temporarily but you now own 10,000 shares, which is the goal.

4) Collect Q3 dividend on all 10,000 shares on Dec. 9 which will be about $9,375 after 25% tax. (Dividend for Q3 estimated at $1.25 before tax.) Unrecovered costs for new shares now drops to $2,395. OR, $2,40 rounded per share in the new stock!

This Plan B requires:

a) Price dips to allow buying Zim shares for $10 to occur TWICE, once before the Q2 dividend goes ex and once before the ex dividend for Q3. If that does not happen and you pay, say $12 per share, then you would need to invest $2 more per share for the new shares, raising each of the above cost levels accordingly. The plan still works, but the final share cost is higher.

b) Applying 100% of all dividends earned for EVERY share you own and the new ones you buy towards recovery of the fund you invest. This requires you to earmark spending BOTH the Q2 and the Q3 dividends for buying the new shares. But the beauty of this plan is you don't have to wait the extra time for the delayed Q4 dividend to be almost fully recovered.

I'm projecting a $1.56 dividend with the true up for Q4 and that is before taxes. The net to you on 10,000 shares for Q4 would be about $11,700, so no matter if you do choose to pay a higher per share price than $10 (say up to $12) you will STILL be fully recovered by early April 2026 when the Q4 dividend gets paid out.

The way I see it, you need can ever borrow money to buy the new shares will and still come out smelling like a rose. This plan will need 9 months to fully work through the steps. But at the end, you will own 10,000 shares with all the new shares being paid for from dividend income paid on your shares. Diverting 3 quarters worth of dividends to buy the new shares makes more sense to me than selling any of your excellently performing Civi stock right now.

But that's your call to make, not mine. I'm only presenting options to consider, not trying to suggest what you decide to do with your own money.

One word of caution. Zim is so unpredictable and the wars are even MORE unpredictable which means the share price may dip pretty strongly. Owning more shares of Zim therefore causes a WORSE loss of capital on paper when and if the stock really does dip low.

Keep in mind the reason Zim stock sold for under $7 per share back in late 2023 was because Israel was seriously attacked by an aggressor. Iran has now joined in a war against Israel along with the others already hitting the country. So if Iran does hit Israel a very HARSH blow, killing perhaps thousands, we could easily see Zim stock dip back to that previous low.

I know neither of us are trying to sell our Zim stock. We intend to keep it. However, we must be willing to potentially suffer some very large dips from time to time that cause big "paper losses" in our brokerage accounts. Are we ready for that?

@Steve Fischer Alerts don't work well for me. As a single person, I don't need an alert to know when lunch is ready. I'm the one preparing my lunch!

With stocks, if I set an alert on my desktop trading platform the odds are I won't be anywhere nearby when it goes off. I'm constantly going everywhere with my work and can't sit at a stock market terminal waiting for a price to hit. So I have to put in an order with my best guess of the price I think might show up. If I get it right, the order gets executed. Otherwise I just keep trying. Most of the time I get my orders filled.

For appointments I do let my smart phone alert me the day before and then again 1 hour before. Don't miss anything that way. Of course I am NEVER on time because there isn't enough hours in my schedule to cram everything in.

Your life is organized. Mine is more disorganized. But at least I do have one issue solved. I have taught my cat how to communicate with me effectively. So when she wants something from me, she lets me know. If I want her to do something, she is so well trained I only need to verbally tell her what to do and she obeys. She comprehends a large number of basic human words in the form of simple commands.

I've taught her boundaries and she respects what is mine, not bothering ANYTHING ever that she isn't supposed to touch. I've even taught her not to step on my keyboard when she is on my desk!

@bananawhopper Getting out of all of my mReits with positive total returns on all of them and LTCG's on all but two of them was a very prudent move. Except for MFA, which I sold for a very minor cap loss whilst collecting very good dividends and RC which turned out to be a real bow-wow, I sold first. In fact, I sold 400 of those to buy the 600 ZIM that I picked up at $7 in November, 2023. Getting out at $8.87 in early 2024, those shares are down exactly 50% from my sell point today, at $4.43. Equity destruction by these boneheads who run it has been breathtaking with very poor acquisitions being made over and over.

BTW, it was very cold this morning here as the temperature dropped down to -7.5 degrees C. or 19 degrees F. We have had minimums close to this all week, although today was the lowest so far this season. It was the winter solstice today, the sun though, was brilliant this afternoon with crystal clear, bright blue skies today. Tonight is likely to produce another hard freeze with heavy frost.

@nyc3053 Australia No need to do that. See my post I just made where I work out the ENTIRE math showing how very little money you will need from your own funds to get the extra shares. Zim will provide ALL the rest of the money! And you likely will get enough Civi or other dividend income to actually fund the entire purchase of all the new Zim shares. Take a look at my math work. See how I put it together. I think you will be pleased to follow the path I laid out.

You do have to make two purchases, timed appropriately, and pay no more than $10 per share. If you do pay more than that, you will simply need more money out of your pocket.

My plan will work. If you see pitfalls or holes in it, let me know. NO NEED to sell CIVI. That stock is going to be a big, big winner if oil prices spike. You can sell shares then when oil is at $100 per barrel!

@nyc3053 Australia Since you want another 1,532 shares, buying maybe 1,000 in an August (or earlier) dip makes sense. Those extra 1,000 would collect the full Q3 dividend. Then that Q3 dividend from those 1,000 shares could help pay for the remaining 532 shares in December.

Let's say we get paid $1.25 for the Q3 dividend on December 2. Your 1,000 shares bought in August would give you a $937.50 net dividend after the 25% tax. If you buy all 1,532 shares for, say, $10 per share, that costs you $15,320, less the 937.50 applied, for a net investment out of your pocket of $14,382.50. But we are not done.

Your 1,532 new shares will get the final Q4 dividend plus the true up. Roughly speaking, my calculations call for that total Q4 and true up dividend to be about $1.56. So those new share bring you $1,792.44, net after the 25% tax. Taking that from the above $14,382.50 means your cost from your own capital for 1,532 new shares would be only $12,590.06 or 8.22 per share! You don't get to that point until they pay the Q4 and true up in early April, 2026 but adding in more shares at that price should really lower your cost.

Of course none of the above includes ANY dividends you earn on the 8,000+ shares your already own! I'm just looking purely at the new shares. Just so you don't forget, this is figured at all new shares costing $10. If you get them for less, even better! So just to be clear you will ultimately need $12,590 of capital to invest to get all these share at $10 each. Your dividend on your other 8,468 shares will provide you $7,938.70 of the funds you need, assuming my dividend calculation is correct. So out of pocket you will ONLY need $4,651.36 of your own money. Zim will provide the rest!

How good is that? Fantastic. No charge for doing the math!