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Stable little company this one, I wouldn't expect any sharpe movements in SP. Up just over 10% at the moment, add in the Divi + Special Divi and it's a good little earner. Expect to see 60 at some point this year...
Looks like it's just you and me (now in), profitable little company, maiden divi +special divi soon, lowish production cost etc etc and not too volatile. Hopefully back up to the 60p mark soon.
Not putting them down just stating it's not all sorted yet. Real estate deals can often be very length processes. Assuming that's how they intend settling of coarse.
They still need to pay the hedge or refinance it so aren't quite home and dry yet. Assuming they can sell some of their empty real estate it shouldn't be an issue but they only have till October.
I don't do Zim by choice, still begins with an R as far as I'm concerned.... Probably just my age and a few of the ex residents I've met over the years...
As Mr Jolly says, has to be discounted for political risk? On a side note they seem to be building up their stakes in NYO, hedginging against Egypt with Ethiopia. Good move by the BOD IMO, they won't then be a one trick pony.
Maybe, to be honest haven't done alot of research on it yet, just picked up on it on a couple of notes and like the look of the last couple of RNS's. No rush as I'm all tied up at the moment but need to start picking the next batch.
Either of you have a view on AR.?
ps. Lodan, dropped shg, still holding cgh, worth keeping an eye on could be news on the chineese buy in which got Chineese Gov approval back in November.