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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Masawara | LSE:MASA | London | Ordinary Share | JE00B42XFD25 | ORD USD0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 24.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 23.00 | 25.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 24.00 | GBX |
Masawara (MASA) Share Charts1 Year Masawara Chart |
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1 Month Masawara Chart |
Intraday Masawara Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/2/2012 | 19:59 | Masawara - Investing in a Zimbabwean Recovery | 16 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 19/2/2012 19:59 by plunge Indigenisation: Masawara given 14-day ultimatumFriday, 17 February 2012 11:08 Chris Muronzi/ Gamma Mudarikiri THE Youth Development, Indigenisation and Economic Empowerment ministry has given Masawara plc a 14-day ultimatum to demonstrate that it complied with indigenisation requirements that were pre-conditional to its acquisition of BP & Shell Marketing Services (BPSMS) Zimbabwe. Masawara is said to have misrepresented its shareholder composition, amid indications that 74% of the shares could be held by off-shore non-indigenous shareholders. Permanent Secretary in the ministry, George Magosvongwe, told the Zimbabwe Independent that government wanted to know whether any conditions were breached before taking action. Among some of the conditions were that the company that would acquire BPSMS would be an indigenous company, honour agreements with dealers, dispose of some of the service stations to indigenous Zimbabweans, come up with an employee share-option scheme and stick to the same conditions of employment of staff post the acquisition, Magosvongwe said. He denied reports his ministry would cancel the deal. He said: "Our primary concern is to see whether the conditions have been fulfilled. We met them (Masawara) last week and they reaffirmed their commitment to the conditions. They could be lagging behind in terms of implementation of some of the conditions but we believe they are on course to implement the conditions." Magosvongwe said it was up to the minister (Saviour Kasukuwere) to give Masawara a chance to respond to the allegations and then make a decision. "The minister has requested FMI (Masawara's operating company) to respond to the questions," he said. "Until we get a response, we cannot take any action. We want to retain the stability and integrity of the economy. Our intention is not to destroy the companies that we are dealing with and other companies but to expand the economy and have a strong national economy." Kasukuwere was not available for comment at the time of going to print as his phone was not reachable. The National Indigenisation and Economic Empowerment Board has recommended the cancellation of the acquisition deal but Magosvongwe said the company had to respond to the board's findings and recommendations first. The initial proposed structure at the time of the acquisition provided for three entities, Masawara plc, Masawara Mauritius Ltd (MML) and FMI Zimbabwe. FMI Zimbabwe is wholly-owned by MML, while in turn MML is wholly owned by Masawara plc. Shareholders in Masawara plc are institutional and private investors, primarily based in the United Kingdom. The only single shareholder is Invesco plc which holds approximately 29,5% of Masawara. According to the National Indigenisation and Economic Empowerment Board (NIEEB) the indigenous partner, Shingi Mutasa, through his FMI Zimbabwe (Pvt) Ltd in the Masawara group has possibly far less than 26%, with the balance being held by non-indigenous off-shore groups. The NIEEB feels the transaction was approved through misrepresentation and fraudulent non-disclosure of information, an offence in terms of the regulations. Masawara is also behind schedule in terms of implementing an employee share-ownership scheme that would see workers getting 10% of the company's equity. |
Posted at 22/8/2010 00:46 by down_under I will buy this only when it drops below 50p placing price. |
Posted at 20/8/2010 15:36 by wstirrup Hope you're not talkin' to yourself there Darkin...:¬)) Anyway, if you are already in these, perhaps you'd like to check out my thread over - Little known Zimbabwean Miner with a Gold mine, Nickel Mine (or three) smelter, and Refinery. Just needs a little cash to bump-start things, but WAAaaayyy under valued in this author's opinion... (and that of many others too) I almost considered setting up a MASA thread, some days ago when someone on my board gave it a mention, and I did a bit of digging. I've been watching LGO too which has a diversified asset base and several businesses in that part of the world, it'd be interesting to swap notes... You'd be welcome over on the MWA thread too... Cheers. W. |
Posted at 20/8/2010 14:23 by darkinbad Investments40% stake in Joina City - Largest Commercial and Retail Development in Harare Intial 30% stake in TA Holdings Ltd (ZSE:TA) - Investment Holding Company Increased to 33.88% then again to 35.09% in 2011 18 January 2011 - 50% stake in Telerix Communications for $5M consideration 25 March 2011 - 100% stake in BP Zimbabwe and Shell Zimbabwe (subsequently renamed Zuva Petroleum) for $30M consideration including $21.8M third party structured finance. Effective 51% economic stake because of other structured funding arrangements in JV as Masawara Energy (Mauritius) Limited Additional Fundraising 9 May 2011 $23.5 M (GBP 14.5M) at 97c/share (60p/share) taking Invesco stake to 42% Listing Details Shareholders FMI Holdings - 63M shares (51%, was 63.4% at listing) EWDM Trust- 3.7M shares (3.0%, was 3.7% at listing) Invesco - 52.1M shares (42.1%, was 29.9% at listing) Took GBP 15M stake in IPO plus 14.5M in May 2011 placing Presentations May 2011 - Imara |
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