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Zambeef Prod. Share Discussion Threads
Showing 876 to 899 of 900 messages
|tenapen - a company disappointing the market within a year of listing? Quelle surprise! That's why it's best to buy later when the price has fallen a lot.
The company has grown a lot since then and the share price has fallen 3/4. The problem is working out the value of that growth through all the currency variation and some equity dulution. Therein lies the challenge.|
|Aleman - agreed. For this year other things being equal we will have higher profit because Zamchick and Zamhatch are 100% owned with lower borrowing costs offset by the dilution of the extra shares issued to CDC. In addition if there is a dividend declared to ordinary shareholders there will an equivalent dividend for the preference shares; this will then be deducted in calculating earnings per share attributable to ordinary sharesholders. Based on that working on the US dollar numbers I get a figure of approx. 4 cents so the 2.72p for 2017 does look conservative (2017 forecast was the equivalent of 4 cents before the results). It has probably been reined in a little because of the change in the US mood with the strength of the dollar and expected impact on emerging economies - the kwacha has fallen since September though should be helped going forward if the recent rise in copper is sustained.|
|Zambeef came to AIM as a divi paying company, they paid once.
|There are the full results and some excellent presentations on the companies websiteOne thing I would note is that the company have totally dropped all mention of palm oil from everything they have just released, they have invested over 20 million usd to date in palm which has a large tax advantaged domestic market and plan to increase this to total 40 million over the project life, they have just commissioned a crushing mill and should be just about reaching maturity on the early plantings, yet zero communication .I suspect this lack of communication relates to the CDC , palm is a dirty word to western investors as a result of heavy EU funding of ngos campaigning against anything palm related, it is impossible for the eu to compete in edible oils with palm as it is natures super oil producer , ngos are trying to kill feronia over the border in drc who are the only employers in a devastated region, cdc are shareholders in feronia and i suspect at some point it may make sense to roll this investment into zambeef but they will be taking a lot of flack from euro ngos for the position in feronia and I suspect the cdc have asked for silence on palm despite it all being done on unused non deforested land ...It will be interesting to see how cdc influence zambeef, I thing they will be a good long term holder but political influence over what zambeef farm and do would be unwelcome ....|
|VSA Capital comment on the results can be found on the proactive investors website.
Regrettably ADVFN does not seem to allow me to link to the proactive investors website but here are some of the salient points:
"These results confirm these more positive trends, with 10.8% volume growth in cold chain food products and 15.3% volume growth in stock feed reported, delivering a much improved group adjusted PBT...
This year ZAM has provided additional clarity on the specific financial impact on the group from its retailing operations, which contributed 20.7% of group gross profit in the year, up from 17.8% in 2015. This, combined with the strong reported volume growth, is evidence to us that the group’s macro store expansion strategy and general renewed focus on its retail network is starting to achieve results.
..we believe the stock still offers compelling value at these levels.."|
|There is quite a lot to delve through in the results, the fx effects are all over the place and you have to try strip out the cdc transaction, the debt is still higher than expected but all the operational updates seem good and they seem to be expanding all over the place at the same time as operating most of the facilities at max capacity, the start of divs in 2017 should provide a boost at some point, the patient is out of intensive care now happy to hold these ...|
|The 3.82 cents basic eps - continued operations is comfortably ahead of the 2.78 cents forecast (which was recently revised upwards to take reflect the "materially higher than current market expectations" update at the end of September).
It will be interesting to see if the current year forecast of 4 cents is revised upwards following these results. Current year P/E is presently under 6.|
|well they seem pretty decent results at the first squiz, helped by forex gains and tax write-back in some areas but low gearing and growing with upbeat statement...DYOR...|
|There is a lot of potential news this weekUpdate on palm production project, this should now be coming to fruition.Result of fx moves should be very positive boost after years of negative effectNew post restructure balance sheetProfit growth from strong underlying performance hinted atImproved local economy should be feeling the results of better copper prices which the economy is highly leveraged to ...In short many of the effects that have been working against the company are now in reverse, they have hinted results are good, the shares are priced still for the company to fail even after the rally ...|
|well someone seems to like the potential results!|
|Moving to new highs, not a lot of stock sround, these are still very cheap IMO.|
|when are results?|
|Heavy volume today for no apparent reason, has someone got a sniff of the results ?|
|Breaking out today, nice and cheap still|
|moving along nicely|
|looks a decent RNS IMO|
|Just bought some and showing as a sell|
|Hmmm profits much higher than expected well eps based on unchanged first half was going to be 6p , so lets say 7p , even with the new shares the pe is going to be less than 3 .... And growing fast now too....|
|And there's the reason for 1m director buy - "materially higher than current market expectations"|
|I've just got home from work to see a director buy of 1m shares.|
|I still think compared to the 250m of dilution that was due to happen this is an excellent outcome, minimal current dilution and in effect they have 3 to 8 years to be able to buy back these prefs, there is a huge incentive to get the share price higher now, they have very strong ebitda and over the next three years I am sure they can get the shares re-rated and do a placement or rights issue at better levels to buy back the prefs...my only regret is not buying more sub 8p|
|.... or a dilution is coming :-0
Meeting in Lusaka yesterday (September 8), shareholders agreed plans for the company to raise US$65 million in new capital in order to take full ownership of the subsidiaries, as well as further reduce its debt levels and fund capital investment plans. The transaction will also lessen Zambeef’s exposure to exchange rate fluctuations.
|Going up almost every day, maybe we se a substantial holder rns soon , someone is buying ...|