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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lonzim | LZM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 17.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.75 | 17.75 |
| Top Posts |
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Posted at 30/11/2011 15:16 by tenapen A overview of the Zimbabwe investment situation from a company report released today.xxxxx There are still a number of challenging issues facing potential investors in Zimbabwe, particularly with regard to the indigenisation proposals and energy constraints. In addition the impact of the proposed increase in mining royalties will be considered carefully by the directors in assessing any potential investment. END. |
Posted at 29/6/2011 10:59 by tenapen With thanks to HJFe on the Mwana Africa thread for posting,Into Africa Created: 14 June 2011 Written by: Maike Currie Most investors understand emerging or frontier markets to mean Asia and Latin America. But perhaps a far more exciting frontier market opportunity lies in Africa. The past few years have seen more ways to invest in Africa emerge, but old stereotypes and new conflicts have dented sentiment - creating an opportunity for the patient and the risk-tolerant. Cont... After a decade of decline, Zimbabwe's economy is recovering. The economy recorded 8.7% growth in 2010 and is forecast to grow by a further 9.3% in 2011. This growth is supported by an increase in production output of the country's mining sector. |
Posted at 21/6/2011 22:06 by tenapen Putrajaya - President Mugabe has urged foreign investors, particularly those from countries under the ambit of the Smart Partnership Dialogue, to take advantage of limitless opportunities in Zimbabwe's economic sectors where they are guaranteed of getting the highest return on their investment.Cont... |
Posted at 08/5/2011 16:55 by qs9 Anyone read the article today about all the hundred year olds that have been "registered" by Mugabe in run up to election? Looks like the political risk could be a lot higher if he tries to rig electionss in a big way so watch out. Zim IMO is a cracking country but ruined by Mugabe and his henchmen and SADC is turning a blind eye, something that will not go un-noticed by investors around the world!Cheers |
Posted at 21/3/2011 17:27 by tenapen fallen to 19p Mid price :-/ I am sorely tempted but the old saying about catching a falling knife, will hold me back from pressing the Buy button.Not so good for the investors who bought into the fund raising at 28p in December 2010. Lonrho being one of them. Regards |
Posted at 07/12/2010 18:31 by goldfeverrush Govt freezes indigenisationMUNYARADZI MUGOWO | HARARE - Dec 06 2010 19:21 Government says it has shelved its indigenisation legislation until "the local economy recovers" and will be selling least 10 parastatals to foreign investors, ceding controlling stakes way above the statutory ceiling of 49%. The landmark policy climb-down comes as a shock to everybody who heard government officials swearing categorically and repeatedly at every public forum that the country would never recoil from the programme, treating it with the same sanctity they gave the fast-track land reform programme. GOOD NEWS FOR ZIM STOCKS Mwana Africa mwa etc |
Posted at 22/10/2010 11:13 by tenapen Thanks CEOHunter,I hope it went well. For those outside of London, Proactive Investor should look into streaming these presentations. Charge a few pounds to the viewer to cover your costs and everyone one is a winner. Regards. |
Posted at 22/10/2010 11:01 by ceohunter To view LonZim's presentation from last night's Proactive Investors One2One Forum, please click here: |
Posted at 20/8/2010 14:05 by gingerplant Today's free email from MoneyWeek mentions Lonzim in the very last paragraph: Zimbabwe: a world leader in hyperinflation Mention Zimbabwe to almost all investors and you'll probably get a very negative reaction. And that would be no surprise at all. It's an African state that's gone horribly wrong - and then some. Now I'm not going to attempt even a potted political history here. That's not what Money Morning is about. But this quote from the independent Zimbabwean economist Vince Musewe, writing in MoneyWeb, just about sums it up. After Zimbabwe got its independence in 1980, "in our naiveté we assumed we'd witness the rise and rise of a liberal and democratic social economy", he says. "With an educated populace, our expectations were that we'd inevitably become the 'intellectual' capital of Southern Africa, if not Africa. How wrong we were!". To cut a long story short, the economy became a total disaster area. The government mismanaged things badly. The 'land grab' from white farmers ten years ago led to a collapse in food production. GDP and exports slumped, while unemployment hit a staggering 80%. The country got involved in the war in the Congo, which proved terribly expensive. And the whole place has been riddled with corruption. Indeed the only area where Zimbabwe actually became a world leader was in its inflation rate. Or to be more precise, its hyperinflation rate. The country had long had a nasty inflation problem. But when the government started minting money by the ton to pay its bills, the rate really took off. It reached over 100% a year in 2001. Yet the printing presses were simply cranked up even more. Arrears owed to the IMF, salary payments for public workers and soldiers - they were all paid for by simply producing more and more banknotes. Of course, this doesn't create any more wealth. It just pushes up prices. By December 2008, the cost of living was rising at "6.5 quindecillion novemdecillion %" a year, according to Wikipedia. I'll take their word for it - but in practice, it means prices were doubling every 1.3 days. That puts the problems of Bank of England governor Mervyn King, who's wrestling with the UK's cost of living rising at just over 3% a year, right into perspective. Why would anyone invest in Zimbabwe? In fact, Zimbabwe seems like it's been on a completely different planet. So why on earth, you're probably asking, would anyone want to invest good money in a country like this? Surely there's no point in even thinking about such a place? Well, here's the surprising bit. The outlook for the country is gradually picking up. Just over a year ago, the government stopped printing the Zimbabwean dollar. Zimbabwe now allows trade in the US$ and the euro, sterling, South African rand and Botswana's pula. Inflation actually fell below zero within weeks of the move. Sure, the inflation danger hasn't gone away. And there are still "smart" economic sanctions in place. Without getting into the politics, President Mugabe doesn't have a good reputation on the human rights front. But the economy is starting to recover. Civil servants are being paid again, which has meant schools and hospitals could re-open. There are plans for a privatisation programme. And the economy is backed by significant mineral wealth that's yet to be exploited. It could yet realise those hopes of 30 years ago. Now we've heard this sort of thing before about Zimbabwe. At the end of last year it was described as the "ultimate recovery story" by Ambrose Evans-Pritchard in The Telegraph. Yet the economy is still hugely dependent on imports to survive. But this month, another reason for eyeing Zimbabwe has just appeared. Top fund manager Neil Woodford has just used over £15m of the money he manages for Invesco Perpetual, to buy a near-30% stake in a Zimbabwean firm called Masawara (LN: MASA). The group invests in the country's agro-chemical, insurance and property sectors. It's also planning to move into oil, mining and agriculture, as well as buy privatised assets. Masawara has just floated on London's AIM market at 50p/share - the shares were trading at 54p yesterday, and 59,000 changed hands according to Bloomberg. Should you invest in Zimbabwe? So what should private investors make of all this? And should they follow Woodford by buying into Zimbabwe? Of course, the Invesco Perpetual star player doesn't get it right all the time. He's backed a few wrong horses, and clearly Zimbabwe is a high risk and controversial bet that could yet go very awry. But Woodford is no short-term punter. He's a long-run income fund investor who can sniff out a real bargain, and is prepared to give it enough time to be recognised by the rest of the market. So when he put that amount of money into somewhere as offbeat as Zimbabwe, it's enough to make me think it's worth doing likewise. To repeat, this would be a high risk, long-term investment. It would be sensible to keep it as a relatively small part of your portfolio. But over several years it could pay off incredibly well. Remember China. If you feel like following Woodford, but don't like the idea of Masawara, alternatively there's LonZim (LN: LZM). This deals in hotels, pharma distribution and electronic payment services, and is planning to invest in a wide spectrum of businesses in the country. |
Posted at 18/2/2010 18:46 by tenapen Oil and Gas, Nice work with the new Thread, :-).While looking for the link / post about a duel listing i found this Gem. tenapen - 12 Jul'09 - 19:02 - 405 of 676 edit Zimbabwe stable, says Mutambara Herald Reporters THE Zimbabwe International Investment Conference ended in Harare yesterday with Deputy Prime Minister Arthur Mutambara assuring investors of political stability in the country during and after the tenure of the inclusive Government. Cont... "After the constitutional review process, the principals would then meet to decide if there is need to go for elections but I do not see us going for elections in the five years as long as things are going well for the country," he said. ------- His remarks follow assurances by President Mugabe on Thursday that the conference should project Zimbabwe as a conducive investment destination in sub-Saharan Africa. ------ In an earlier interview, Deputy PM Mutambara hailed the convening of the conference that had shown the world the direction the country was taking. "What we have managed to showcase is on the way we are conducting our programmes and that is the 'Team Zimbabwe' approach." Cont... Deputy PM Khupe said the economic development being experienced since the formation of the inclusive Government also indicated that Zimbabwe was ready to do business with the world. Cont... Minister Mangoma said there has been a clear and consistent message from President Mugabe, PM Tsvangirai and Deputy PM Mutambara that they wanted the economy to move with Government playing a facilitatory role. He said the country's investment policies were robust and ranked among the best in the world for anyone who wanted to do business in Zimbabwe. Minister Mangoma said the conference fundamentally changed the outside world's perceptions on the country and the way Zimbabweans viewed themselves. He described the inclusive Government as a team "that will speak with one voice and in one direction". More than 400 local and international investors took part in the conference held under the auspices of the Short-Term Emergency Recovery Programme and the 100-day Action Plan that is expected to turn around the country's economy. END |
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