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https://www.facebook.com/Zambeef/posts/2168253789918446?__tn__=-R
What a shame this stock is slowly petering away with little value for holders. The strong US $ must be wreaking havoc with 3rd world economy's and now with higher fuel prices must be difficult for family's to make a living and feed them selves. I am watching this stock and hope next year we might see the $ decline giving a boost to the Kwacha and other related currency's. On the brighter side metals have been doing rather well so some will benefit .
Sat watching......................
Mrkt Cap £25m well overdone if your holding long term. Given the assets which the mrkt never bothers with especially in far flung countries almost persuaded me to re-buy for a few quid. However given the lack of interest cannot commit here even at 5 a share which is utter nonsense, I know..... Because much better opportunities exist elsewhere, even among dirt cheap o...lies throwing off bundles of cash. Retired Banker I hope you outed at 9ish, else your trapped here for a very long haul. Not a stock to average down imo. This requires a huge leap of faith in too many variables for my liking so best of luck to those still holding.
This should be a good play on Africa growth and potential to get above 20p high.
But Mgmt don't appear heavily invested or commited so this continues to under-deliver.
Might need to crystalise my losses and move on
Can see no reason to invest here anymore they have disappointed once to often for my liking. Lucky I had the good sense to get out higher up though my friend hung on. Will drift with lack of news, trades and interest. One of my bad picks despite awareness of the business and Africa region.
I probably still have the rose-tinted on, but still suspect it is not wise to be seen to have pots of money when the government has run out! Obviously lack of money in system would be affecting potential transactions over the tills, but, have they postponed/delayed their store opening program? No news on that so spending to reduce observable profits and continue growth looks positive.
Could it be a case of ‘do as I say not as I do’ with a board advising not to invest?
Well currency losses are what they are, hedged or not. They see a turnaround of sorts in H2 but advise holders caution in dealing in the Co shares. First time I've heard a board say that!
.....but the Chairman bought £30k worth. He probably has a closer finger on the pulse of what is actually going on in Zambia and the company!
Disappointing, albeit perhaps unsurprising. Didn’t get a good feeling when the FD resigned not long ago
Agreed excellent results given the various cost increases, fuel, finance costs & expenditure on infrastructure. Net debt reduction to US$56m still dwarfs the mrkt cap of c.£36m.....as does shareholder equity of c.£253m. Largely ignored by UK investors which is not surprising given the state of global mrkts one to tuck away for the long term. I comment on behalf of a pis friend of mine who still holds a chunk here.
Good news finally and a pleasant surprise...........seems they may have been downplaying performance previously, as suspected. Let’s hope for a significant and sustained increase in the SP to 20p+
It depends how much is hedged.
Odd to see this dropping on the back of the fairly positive year end trading update on Friday
ZMW fall 15% in 3 days following suspension of donor funding, evidence of systematic fraud by senior gocernment
government officials-and growing concerns over debt burden. Big forex loss coming up as before close of 2018 year end
Zambeef Detects Common Bacterial Disease In Winter Wheat Crop
Zambeef Products PLC said Wednesday that it detected the common bacterial disease, Bacteria Leaf Streak, in its winter wheat crop.
The chain foods business with operations in Zambia, Nigeria and Ghana said that the bacteria will result in "lower that budgeted" yields.
However, the company does not anticipate any financial impact as a result of the disease as wheat sales contracts have been concluded at "higher than budgeted prices per ton".
Additionally, the company said that the ban on the movement of live animals in the Chisamba and Chibombo districts, which was a result of the foot and mouth disease, has now been lifted.
The disease resulted in Zambeef losing 175 animals and receiving USD240,000 in compensations from its insurance payout policy.
"Zambeef also confirms that the volume of milk being produced by the dairy herd has fully recovered to levels that existed before the outbreak of the disease," the company added.
Zambeef will publish a trading update during the week starting September 24.
Moving on up.............finally
Nearly 5m sells (I'm assuming) late on at 10 kinda says it all here. Disappointing considering the half decent nos. I'm out now at a loss (as bloody usual) I hung around here too long, my first and last African venture...that's for sure. Good luck to all still holding.
I ,disappointed that the share price not only did not progress further but has actually retreated back down There seem three reasons 1 People are worried about the Zambian economy the implications for the growing government debt the slowdown in the.economy and.the implications for consumer spending. Tje.comparative stability of the ZMW.is not.sustainable.and.BOZ will have to raise interest rates 2 The sharp decline in,soft commodity prices esp soya which is now.barely above.$,900 probably a victim of the USD CHINA trade spat 3 Rising USD interest rates so the non core disposals better happen soon Retail is very positive and there should be no repeat of rhe wheat disease disaster so hopefully the obstacles can be overcome by the end of year report
I was that impressed with the RNS and outlook (although sceptical on that part), that I ended up topping up at 11.22 to bring my average down to 13p. I still think it's cheap at that.
Yes, they're better than I expected. I'm surprised the SP hasn't responded more - I expected at least a 10% rise based on that. Interesting comments (and somewhat surprising) were: "The volatile economic conditions in Zambia over the previous two years, including sharp depreciation of the Kwacha against the US Dollar and relatively high inflation, presented challenges for the business. I am pleased to say that this period of uncertainty appears to be behind us. We are entering a period of relative stability in the economy, supported by tight fiscal and monetary control by Zambia's Ministry of Finance and the Bank of Zambia." Is it really behind us? I thought it was very much ongoing........
Interim res out...looking much better.
Hopefully there will still be some gains !!!!!
My take is that the headline figures for the half-yearly results will be good. Unfortunately I think that the guidance may be more guarded. I have to admit to being toally caught off guard by the deterioration of GRZ finances highl;ighted by the revelations in Africa Confidential and the uncovering of mega corruption in loan arragement and tenders that points to some sort of of state capture. Worse case scenarios indicating.total debt exceeding 100% of GDP and a growing liquidity crisis. No doubt responding to this backcloth, the ZMW//USD exchange rate has declined around 12% from its 90 day peak ( all of this post the March 31 cut off date for financial reporting ) with the yield for Zambia's Eurobands pushing through 10%. I suspect domestic interest rates could move noticeably higher as GRZ relies incresingly on this channel of fundign as access to overseas funding closes. Will look to book any 2018 gains and watch from the sidelines in 2019.
Alternative thoughts:- 1. Tree shake before results and good news on fmd 2. FMD effect significant and big holder dropping out while they can 3. Irwin selling up 4. Pension fund selling up to give funds to cash strapped government 5. Other My view with rose (wine variety) tinted specs is number 1, although 3 seems credible too.
250gbp at 10p. Things should start moving one way or other over next few weeks leading to results with update on FMD. The results come out in same week as by-election which should give an idea of political winds too. I�m looking for turnover rather than profits that would just feed a tax hungry government.