Zambeef Prod. Share Price (ZAM)

Im in, fundamentals look sound! Expanding prof, should be reflected in sp soon! GLA

Someone’s loading up today. Will hopefully be reflected in the SP soon

Another top up 5.2p today .

Not much chat on this BB .

Two bits of good news last week this the second

Alliance NewsThu, 07th Dec 2023

Zambeef Products profit surges despite tough environment

Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - For the financial year ended September 30, reports revenue of ZMW6.05 billion, about USD331.5 million, up from ZMW5.39 billion a year earlier. Pretax profit surges to GBP203.7 million from GBP55.2 million.

"Despite a tough operating environment, demand for our products grew, bolstered by a customer focused approach to pricing. Our management team, through a concerted effort, prioritized both revenue maximisation, volume growth and cost management, thereby, positioning the group on the path to actualise its strategic goals," Chair Michael Mundashi says.

"The enduring stability of the economy hinges on the successful resolution of the government's debt restructuring negotiations. We foresee a positive trajectory for copper prices, a vital contributor to our foreign exchange earnings, fuelled by a rising global demand, notably from China and the burgeoning electric vehicle market."

Current stock price: 6.20 pence

Surprised to see my GTC order for 5.98p executed at *5.75p today on small dip at 11am .

Reversing the mistake of 6/7/23.

Patience as I said in park interview yesterday .

GTC on for 5 months one week.

Spread shown above 4.545% I noted 9.1% in July.