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Tipped in the New Year edition of Shares magazine. It certainly skipping upwards, which is good news for me as it comes nearer to the buying price I paid a few years back.

Kibu, no one is denying that people who bought on the basis of a tip in the Times lost money - Waller's point is that is the risk in penny shares where large fluctautions in price can happen without anything affecting the fundamentals.They will have aslo lost money in some of the bigger shares too. But look, everyone should make up their own minds base on research. Also, Lenigas's swashbuckling, but now ghostly presence has contaminated the brand, perhaps?

Lonrho was one of last New Year's share tips from the Tempus column written by Martin Waller. In today's paper, he reviews his selections, which include Glencore, Vodafone, and BG Group (all down), and Associated British Foods, Anite, and Rolls-Royce (all up). Lonrho was also one of the fallers with a share price decline of 13.2%. So why the fall? Here is what Waller says: "Lonrho was my penny share. This is what remains of the old Empire created by Tiny Rowland, taking in agribusiness, hotels and other activities across Africa. In September, David Lenigas, the Australian entrepreneur who has run it for the past seven years, quit to concentrate on its fledgeling airline, a link-up with Sir Stelois Haji-Ionnou. There is no rational reason for the shares' decline, as the group is progressing on all fronts. Penny stocks are often volatile." So there you are.enthusiats and critics make of that what you will.I'm in for the long term though. Africa, as I have said before, is a big growth story.

Nice to see my faith in this stock rewarded. Higher, higher.

The gist of the article was that Leni was an 'entrepreneur' rather than a 'manager', thus no longer the right guy to have at the helm. Interesting that the share price is ticking upwards though.

Two page write up-- largely positive -- of Lonrho in this week's Shares mag. For the long term. Leni fans will be interested to read it.

Fastjet in talks with Emirates according to Reuters-- perhaps Lenny can fly!

Nice one Kibu.

Sage, jollyspeculator is right. Lenny has gone off to get his pilot's license so he can fly lots of aeroplanes.

Yes, interesting that Investors Chronicle tips it as a contrarian play. I already own shares in AC, but I will ponder in the next few minutes whether it is worth buying some more.

Good analysis, Kibu. Also, I think the FT was right on 18 November to suggest that Lonrho's management have to come good on a promise to pay a dividend next year. But stand back from all the micro stuff, and the big story is that many countries in Africa are growing at a fantastic rate as investment and consumption increase significantly. Lonrho is very well placed to benefit. I am taking advantage of the weakness in the share price to buy a few more.

You should read the FT article – Lenny, who is described as "ebullient" in the piece, left in September to focus on FastJet. According to CEO Geoffery White, Lonrho has now reached a "more grown-up phase". Make of that what you will.

Interesting write up in the FT --basically the share price will take off when Lonrho pays a dividend. http://www.ft.com/cms/s/0/bf9ab6ec-316f-11e2-b68b-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_uk%2Ffeed%2F%2Fproduct#axzz2CebwnLX3

Tipped by Shares magazine's resident chartist in this week's issue.

Nice write on Africa up in today's Independent by chief economics commentator Hamish McRae. He says:China is expected to grow by 7.8 per cent this year and 8.2 per cent next, India by 4.9 per cent and 6 per cent. Those are pretty meaty numbers. Growth in what the IMF calls developing Asia is expected to speed up in the second half of this year to 7.25 per cent. Of the rest of the world, Latin America is forecast to increase to 4.75 per cent growth by the end of next year, and Russia and its associates to keep growing at more than 4 per cent. But the figure I find most compelling is this one: sub-Saharan Africa is growing at 5 per cent a year and expected to keep doing so. Of course, this is from a very low base and there are huge social and other problems. But to see Africa as a growth engine is a bit different from much of the stuff loaded on to us every day.

Nice write up in this week's Shares magazine -- tipped as a 'buy'.

The share price move upwards today might be something to do with the fact that global securities and investment banking group Jefferies International announced earlier today that it is putting a target price of 15 p on Lonrho. Hope the well-paid analysts are right.

Many thanks for the clarification.

Of course, what's spooked investors is Ms Priestley's latest sale of a lot of her shares. If directors don't have faith in the company – or don't have a good explanation for selling – it's difficult to convince the market of price momentum.

Interesting that Phytopharm gets a write-up in this week's Shares magazine. Resident chartist Simon Griffin reckons that it has already broken out of its box and indicates a 25p price. I hope he's right!