Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Investments lower than $100 million ¤ Konnoco Zambia 20.0% - Evaluation US$63 million (and probably the double in 2 years) ¤ Copperbelt Energy Corporation Plc 20.0% - Evaluation US$29 million ¤ Albidon Limited (Munali Nickel Project) 1.0% - Evaluation $0.37 million Investments without evaluation (for the moment) ¤ LCM Luanshya Copper Mines Plc 20.0% - Evaluation NC ¤ NFC Africa Mining Plc 15.0% - Evaluation NC ¤ Chibuluma Mines Plc 15.0% - Evaluation NC ¤ Chambishi Metals Plc 10.0% - Evaluation NC ------------------------------ Some comments / valuations about them: ¤ Ndola Lime Company Limited 100.0% -> ZCCM-IH has 100% shareholding in Ndola Lime Company Ltd (NLC) -> Website: [http://www.ndolalime.co.zm] For 4 months (from January to April 2011), lime production is 144.8 Kt (Limestone 64,438t, Quicklime 50,899t, Hydrated lime 7,395t and Agricultural lime 22,035t). From Ndola Website: Our Vision Ndola Lime Company's vision is to produce world-class quality Limestone products through team work at low cost. Lime News - February 2011 Recapitalisation Project takes shape The recapitazation project has made strides following the arrival of the hydrating installation. (...) Lime News – April 2011 Ndola Lime Company Limited recorded a quicklime production of 173, 669 tonnes for the financial year ended March 2011. This was the highest production achieved since the financial year 1996/97 when production was 198,535 tonnes. The 2010/11 production output represents an increase of 25% on the previous financial year 2009/10. The increase in production was a result of Management’s commitment to improve operations which saw refurbishment of the Rotary Kiln Electrostatic Precipitator (ESP) at a cost $3.75m. Ndola Lime engaged J and C, a South African firm for the dust abatement restoration project. The ESP was commissioned on 20th August. With the dust abatement unit (ESP) fully restored, the Rotary Kiln can be operated for longer campaigns without environmental concerns as the emissions have been reduced from about 7000mg/Nm3 to within the statutory limit of 50mg/Nm3. (…) -> Cost of the Recapitalisation Project: $74 million http://www.postzambia.com/post-read_art ... cleId=9128 Govt evaluating Ndola Lime shares sale options By Kabanda Chulu in Kitwe Wed 12 May 2010, 18:20 CAT MINES minister Maxwell Mwale has said (…) (…) “Because that operation (lime production) as a business is supposed to be very, very profitable business compared to copper mining since in terms of price fluctuation is not there but you just supply lime to the mining industry and even agriculture lime and even road construction and for the whole industrial sector, so Ndola Lime is not able to meet the demand which is there.” However, production estimates from Ndola Lime indicates that the demand for lime is set to grow since the mining sector and the e
http://forum.aboutzccmih.com/viewtopic.php?f=78&t=4747 ZCCM Investments Holdings Plc (ZCCM-IH) is an investments holdings company listed on the Lusaka Stock Exchange and listed on the London and Paris Euronext Stock Exchanges. The company has a capital of 89,296,428 shares. The shareholders of the Company are the Government of the Republic of Zambia (GRZ) who hold 78,155,636 shares (87.6%), and private equity holders who hold 11,140,792 shares (12.4%). The private equity holders are domiciled throughout the world. Listing on the LuSE (Lusaka Stock Exchange) - Currency zambian kwacha (zmk) Isin ZCCM - No. shares available to trade: 104,633 (0.12%) (only!) Source: http://www.stockbrokerszambia.com.zm/in ... &Itemid=53 (-> choose to download one of the "monthly flash" file, on page 3 of the "monthly flash", on the left on "Market Sectoral Analysis", into "Security" you found "ZCCM-IH" and corresponding to ZCCM-IH you found "No. Shares in CSD" is 104,663 and you found "% of share in CSD" is 0,12%). Listing on the Paris EURONEXT - Currency € ISIN ZM0000000037 - No. shares available to trade: 14,954,382 (16,7%) (http://www.euronext.com/trader/summariz ... ectedMep=1 choose "Caractéristiques" => Nombre total d'actions 14,954,382) So, regulars ZCCM trades'share take place only at the Paris Market place (mnemonic code is mlzam, and there are a quotation once time by day at 15h00 Paris time). At present, the Company’s portfolio is largely in the copper mining sector where most shareholdings range between 10% to 20% held in various established and significant copper mining operations. You may found a recent presentation of ZCCM with correct participation into different subsidiaries (because they are not correct on ZCCM website) on this webpage http://www.afrikaverein.de/_uploads/med ... rofile.pdf (It's a presentation make the 13th and 14th April 2011, a very recent one). INVESTMENTS PORTFOLIO ZCCM-IH has the following shareholding interests (1): ¤ Ndola Lime Company Limited 100.0% ¤ Maamba Collieries Limited 35.0% ¤ Konkola Copper Mines Plc 20.6% ¤ Kansanshi Copper Mines Plc 20.0% ¤ Copperbelt Energy Corporation Plc 20.0% ¤ Konnoco Zambia 20.0% ¤ LCM Luanshya Copper Mines Plc 20.0% ¤ NFC Africa Mining Plc 15.0% ¤ Chibuluma Mines Plc 15.0% ¤ Chambishi Metals Plc 10.0% ¤ Mopani Copper Mines Plc 10.0% ¤ Equinox Minerals Limited (Lumwana Copper Mines) 2.3% ¤ Albidon Limited (Munali Nickel Project) 1.0% (1) as at end February 2011 -- RESUME: INVESTMENTS PORTFOLIO (see below for details) ZCCM-IH has the following shareholding interests, with the evaluation for the ZCCM-IH portfolio: Investment superior to $1 billion ¤ Konkola Copper Mines Plc 20.6% - Evaluation around $1.27 to $1.5 billion (for ZCCM) ¤ Kansanshi Copper Mines P
The developments relate to the following:- Offer by Barrick Gold Corporation: · Barrick Gold Corporation of Canada has offered to purchase all outstanding common shares of Equinox Minerals Limited ("Equinox") by way of a negotiated take-over bid as detailed in the announcement posted on the Equinox website [http://www.equinoxminerals.com]. Equinox currently owns 100% shares in Lumwana Mining Company Limited which operates in Zambia. Offer by Vale Limited: · Vale Limited has issued an announcement of a firm intention to acquire the entire issued and to be issued ordinary share capital of Metorex Limited ("Metorex") as detailed in the announcement posted on the Metorex Limited website [http://www.metorexgroup.com]. Metorex owns 85% shares in Chibuluma Mines Plc which operates in Zambia. Investors and the general public are hereby informed that ZCCM-IH has a circa 2% shareholding in Equinox Minerals Limited and a 15% shareholding in Chibuluma Mines Plc. Accordingly shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
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CAUTIONARY ANNOUNCEMENT Shareholders of ZCCM Investments Holdings Plc ("ZCCM-IH") are advised that there are circumstances and developments relating to some companies where ZCCM-IH Plc has a shareholding, the full impact of which are currently being determined and which may have a material effect on the price of the company's securities. The developments relate to the following:- Offer by Barrick Gold Corporation: · Barrick Gold Corporation of Canada has offered to purchase all outstanding common shares of Equinox Minerals Limited ("Equinox") by way of a negotiated take-over bid as detailed in the announcement posted on the Equinox website [http://www.equinoxminerals.com]. Equinox currently owns 100% shares in Lumwana Mining Company Limited which operates in Zambia. Offer by Vale Limited: · Vale Limited has issued an announcement of a firm intention to acquire the entire issued and to be issued ordinary share capital of Metorex Limited ("Metorex") as detailed in the announcement posted on the Metorex Limited website [http://www.metorexgroup.com]. Metorex owns 85% shares in Chibuluma Mines Plc which operates in Zambia. Investors and the general public are hereby informed that ZCCM-IH has a circa 2% shareholding in Equinox Minerals Limited and a 15% shareholding in Chibuluma Mines Plc. Accordingly shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
http://www.investegate.co.uk/Article.aspx?id=201105111352504012G
Cont The cost of turnover for the group increased to K146, 661 million for the period to 30 September 2010 from K137, 920 million for the corresponding period to September 2009. This was largely due to an increase in NLC cost of sales of K32, 233 million attributed to the use of the rotary kiln which uses twice the amount of Heavy Fuel Oil as compared to the vertical kiln. ZCCM-IH's cost of turnover reduced to K20, 134 million for the period to 30 September 2010 from K28, 321 million for the period to September 2009. This reduction is attributed to a change in the provision of permanent employee benefits that was undertaken in the period to 30 September 2009. MCL cost of turnover only accounts for K15, 525 million for the period to 30 September 2010 compared to K30, 831 million for the period to September 2009. However, K30, 831 relates to a nine months period where as K15, 525 relates to approximately four months. The Company's share of profit from associate companies for the period 30 September 2010 is K500, 037 million compared to K125, 311 million for the period to 30 September 2009. The increase is as a result of operational improvements by some associate companies and the general increase in activity in the Mining industry. The Group achieved an operating profit for the period under review of K105, 905 million compared to K1, 058 million as at 30 September 2009. This was as a result of the increase in turnover for this period. However, share of profits as well as the depreciation of the Kwacha against the United States Dollar in the period under review resulted in a retained profit of K545, 029 million compared to a profit of K103, 942 million for the period to September 2009. The exchange movements were attributable to the Kwacha depreciating against the US$ from K4, 651.88 as of 1st January 2010 to K4, 850.00 as of 30 September 2010 resulting in an exchange loss of K42, 776 million (after the translation of foreign denominated liabilities) for the period to 30 September 2010 compared to an exchange loss of K1, 089 million for the period to 30 September 2009. By Order of the Board C Chabala
ZCCM INVESTMENTS HOLDINGS Plc And its subsidiary DIRECTORS' INTERIM SUMMARY For the nine month period ended 30th September 2010 In compliance with the requirements of the "Securities Act, Cap 354 of the Laws of Zambia" and the Listing Rules of the Lusaka Stock Exchange, ZCCM Investments Holdings Plc announces the unaudited results for the nine month period ended 30 September 2010. On 26th April, 2010 ZCCM-IH Plc divested 65% of the Maamba Collieries Limited (MCL) shares to Nava Bharat Singapore (Pte) Ltd. Consequently, only approximately four months have been consolidated in the accounts to 30 September 2010. The Group achieved a turnover of K252, 566 million during the nine month period ended 30 September 2010 which was 82% above the turnover of K138, 978 million for the nine months to 30 September 2009. This increase in turnover was mainly as a result of dividends of K107, 580 million received during the period under review compared to K29, 623 million for the nine months to September 2009. These dividends include a special dividend paid out by Kansanshi Mining Plc (KMP) of K86, 173 million ($18.1 million) for the years 2007-2009, interim dividends of K9, 349 million ($2 million) from CEC, K9, 349 million ($1.9 million) from KMP and K2, 579 million ($528, 668 million) from NFC Africa. In addition, Ndola Lime Company (NLC) turnover of K139, 314 million during the period ended 30 September 2010 was 39% above that of K100, 238 million for the corresponding period to 30 September 2009 owing to an increase in exports to DRC during the period, as well as an increase in selling price of Lime products as of June 2010 to account for increase in the cost of production such as fuel and electricity costs as well as inflation. MCL turnover for the four months period from 1st January 2010 to 26th April 2010 which is included in the consolidation was K1, 566 million whilst a turnover of K4, 755 million was achieved during the nine months to September 2009.
http://www.investegate.co.uk/Article.aspx?id=201104121610127822E
Finally got to 6 this morning. May go higher.
You'll soon have caught me up, buddy.
Been a tad busy with TQC today ! Amazing where all the quick buck merchants and pirates come from. Barmy. Anyway, looks like I may soon have some funds, so don't let ADH take off without me ! RR
I see you bought again today, buddy. Are you at 17 yet? Keep smiling, it will come good. RR
I only buy at inflated prices ! You're right about the HUSSLE number plate. Amazing all the "new" names that cropped up on Tuesday that I have seen on other boards when there has been a spurt in an sp. We should see this starting to grow again after the Hambro disposal and after the 10% boys have disappeared.
Can buy adh at 0.295 today Rich if you need more and have spare cash all the best Riot
A pretty good day for ADH today !
Good luck with PXS. I was fortunate enough, a year or so ago, to have bought PXS at 2.5p and sold at 14p, so it could happen again for you and I hope it does. Mind you, I needed it at the time as my entire portfolio went bottoms up with the rest of the financial world. Thankfully, now fully recovered and more from what was a precarious situation at the time and learnt a lot about markets and myself (but not about buying in small chunks !). I have a good feeling about 2011 for both of us. RR
And season's greetings to you as well my friend. This is beginning to look good for the New Year. I think it will only take a couple of deal announcements now that it is clear that there is cash in the bank and they have clearly changed the team around to meet the new challenge. One of my three for 2011 and you know the other two ! All the best. RR
Merry Christmas and a happy new year things are looking good for next year with ADH Rich in my opinion, i think we could be on a real winner with ADH, what do you think?
Was that you buying today?
I am happy that ADH will come good, so will continue buying until I have 6m, so 2.5m to go and then, if I have some free funds, will top up further. I'll keep you posted and realise that the 6m would only be small compared to your 15m (or thereabouts). I have ADH, TQC and HDD all destined to get me my villa in Spain, so I hope to buy three ! Still not sure why JOHCM would release 2.5m given their massive total holding. I need a couple of my smaller shares to go up a small way in order to release funds. Whilst I could sell them at a profit now I have set each of them a goal which I would like them to reach. Thanks for keeping in touch and I think this board should suit us nicely. RR
JOHCM wins funds europe award 201003 December 2010Investment boutique J O Hambro Capital Management received the European Asset Management Company of the Year (assets under €20 billion) award at last night’s funds europe awards 2010 ceremony. Rich i have just been doing a little work on the investment group who own around 77 million shares in ADH there name is Jo Hambro Capital management Group limited and this is what i found Acknowledging the award, Suzy Neubert, Director of Sales & Marketing, commented: “We are obviously very pleased to win this award against some strong competition. It has been a great year for the group, marked by excellent inflows, especially within the institutional arena, and robust performance across our fund range. We hope to build upon this success next year.”
Hi Rich. i think the 2.5mil disposal was a sign too us, probably saying keep this low chaps for a little while longer, what do you think Rich. They are ok because they hold over 90 million shares in the little jem ADH, one day Rich one day, i will keep buying in Asia digital at these low prices. I recon the value in my opinion is worth at least 2 times what it is now, you saw how fast it moved Riot
Nice clean board!
DELAY IN PUBLICATION OF 2006, 2007 AND 2008 ANNUAL ACCOUNTS 8 JANUARY 2010 Further to our message of 10 December 2009 concerning the delay of the publication of Annual Accounts for the financial years ended 30 June 2006, 2007, and 2008, we would like to inform all Shareholders and Stakeholders that the audit of the Financial Statements for the years ended 30 June 2006 and 2007 was finalised in December 2008. The Board of Directors approved the respective Annual Reports at the meeting held on 18 December 2009. However, issuance to Shareholders and presentation of these reports at an AGM awaits the completion of the audit of Financial Statements for the period to 30 June 2008 which has progressed significantly. The decision to issue the three reports simultaneously arises from the need to reduce costs resulting from undertaking subsequent events review for each year separately. An update on the state of completion of the Accounts will be issued again in the next three weeks following the date of this statement. The delay in the publication of the afore-said Annual Reports is deeply regretted. ZCCM-IH8 JANUARY 2010LUSAKA.