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Yeah, didn't really reveal much..........but reassuring enough. No trades reported today so clearly didn't capture the imagination!
Not sure why they issued a trading statement 6 days before they release the actual results that cover the statement
any thoughts on the update? pretty bland imv
pretty tight 7.75-7.9, so derisked a tad
10p may seem cheap soon enough
Some chunky buys today, looks like someone is stake building
always Zambian country risk
but even through much worse times (1970s, 80s, 90s) farms in Zambia (many managed by CDC) did fairly well, I think
any export (or import substitution) will benefit from lower Zambian costs...it's the USD debt that has been a serious issue (but hopefully less so now)
My average is now around 11 which is roughly where I came in. Agree it looked cheap at 15 and has grown since. There was a moment where I thought I had been caught out by a hidden threat - the chicken farm clauses that could have wiped us out but that came good in the end. The Zambian Government and how it behaves is now the main niggle.
Due in a couple of weeks.
I'm looking for continued steady growth to keep faith this will eventually have to come good.
Comfortable with low/lower profits or small loss as paying taxes right now is helping no-one - just a cavernous hole in Zambian finances. Everyone should be expecting a default on government debt and shenanigans with the coming election. Kwacha likely to get significantly worse imho.
tick UP
tempting...to add
10p would still seem cheap imv
Very much agree with JL..........I've been in this a long time - i first bought at 49p! My average is now around double the current SP. I used to think that was cheap too, but it has turned out to be a tortoise. I still believe in the company and like them but certainly hasn't performed as I expected. Happy to hold and one day it may turn into a blockbuster, it has potential
I have no crystal ball TTNY! Zam has never done me any favours these last 3 or more years. My timing has been off. I thought it was cheap at 15 so at current? As good or bad as any other in the mrkt for a pure spin of the wheel punt. If your buying for a turn there are better more volatile shares out there, Zam is a bit of a tortoise in that respect.
However on a 2-3 year look has potential but plenty of headwinds surround this stock.
Politics, currency swings, etc..can knock the price regardless of trading. You have to be very lucky to grab a 'bagger' Do you feel lucky?
Thanks for your thoughts folks. Fingers crossed it's onwards and upwards for Zam.
ThisTimeNextYeer,
ZAM's growth potential is very good. I don't know if it will be 2-3 times, or even more.
I like ZAM because it creates many thousands of jobs.
Today, ZAM is one of Zambia's largest employers.
Things that will help this share meet your growth needs:-
** Peaceful election with change to anticorruption politicians
** Global Copper price improvement
** Sale of further legacy farms to clear debt
This is basically held back by the high $ loans, clear those or make them less expensive through improvement in Kwacha rate, and get some money into the hands of ordinary Zambians. Africans love their beef.
sure could be 20p...if the market conditions are right, and management is effective (and we're lucky)...they have what have been seen as good assets in a market that could boom (if everything goes well)...
but could tend towards zero...
DYOR & enjoy (or don't) the ride/punt
Does anyone have any thoughts on the potential here ?
I'll be honest and say I'm a very small holder here with approx £500 of shares. When I've this value in a stock I want something that has the potential to double or treble in a few years.
I basically want boom or bust on an investment of this amount (and will accept a bust of any share I have in this category). What I don't want is something that ticks along doing very little, even 5 to 10% plus or minus annually.
My question is therefore, do you think Zam has this 2 to 3 times growth potential in the coming few years or is it likely just to tooter along without much drama ?
Ta for any replies and fingers crossed Zam can take off upwards. Good luck all.
but more likely just a rollover
could be good old Zambian Understatement
Fascinating buy, and this follows on from the 3,000,000 share purchase on 28th April @ 7.50 pence. This should underpin the sp nicely, even though the RNS on 4th May was anything other than upbeat. OR, was it just mischievous?
Well it's as good a buy as anything else, cos nothing seems to relate to fundamentals so Zam is def a buy if you believe it will get rerated anytime this century.
.....Best cash up and give any pennies left over to holders.
Multiply that by hundreds of companies who shouldn't be listed on any exchange given the costs and the management have long since had their money out leaving the crumbs for you and me, then if you must have a listing do so on the Mogadishu 100 they are very welcoming and have a 'beck and call' trading floor with cash settlement only during the dry season as computers are non existent. So you will have to have an agent to manage your dealings. Gluck!
a modest buy
a whole bundle of risks
but many uncorrelated
with the wider world markets
love Zambia, Love Zambians, Love ZAM
Agreed, it was quite a cautious update that's for sure, certainly not upbeat. However, I do see the copper market rebounding in months to come, as the market returns, which should aid FX and our financial performance. I would expect ZAM to look at what other non core assets it can dispose of though to further reduce debt. The sale of Sinazongwe farm provided a great return
The three C's impact on Zams financial performance, Copper, costs and currencies none going the right way will see PBT in the loss column. Oh well cost of doing business I guess?