Share Name Share Symbol Market Type Share ISIN Share Description
Zambeef Prod. LSE:ZAM London Ordinary Share ZM0000000201 ORD ZMW0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 16.875p 16.50p 17.25p 16.875p 16.75p 16.875p 335,768 14:00:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 145.6 -3.3 -2.4 - 41.85

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Date Time Title Posts
05/10/201620:57Zambeef 2016 : a tasty bullish play ?76
24/3/201612:32ZAMBEEF ::: 1 of 13 for 2013 says Panmure Gordon552
08/1/201313:38ZAMBEEF ::::::::::::::::: A steak in developing Africa220

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Zambeef Prod. Daily Update: Zambeef Prod. is listed in the Food Producers sector of the London Stock Exchange with ticker ZAM. The last closing price for Zambeef Prod. was 16.88p.
Zambeef Prod. has a 4 week average price of 16.58p and a 12 week average price of 14.50p.
The 1 year high share price is 17.88p while the 1 year low share price is currently 5p.
There are currently 247,978,195 shares in issue and the average daily traded volume is 62,130 shares. The market capitalisation of Zambeef Prod. is £41,846,320.41.
catsick: 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 only regret is not buying more sub 8p
valhamos: Paul Given the existence of the RCL put option and the effect of events over the last few years (tax dispute, disagreement with Zambian government of beef quality, and forex impact of USD debt) on the share price I don't think Zambeef had much choice. I agree that in essence the convertible is a 12% loan for a minimum of 3 years with interest rolled up with with CDC getting the benefit of any upside should the share price increase beyond where it was a while back. Also bear in mind that the cost of debt in 2015 was 11.7% anyway. And as CDC do not have the right to receive cash (interest, dividend or repayment) then from an accounting perspective I do not think the convertible will be accounted for as a debt. So Zambeef will be largely debt free and if it can consistently produce EBITDA at the level it did in the interims ($15m for 6 months) then it should not have any problems redeeming the convertibles before year 8.
paul the octopus: Exactly Valhamos, they are attempting suicide and betting the house on the share price in 8 years.If they couldn't pay RCL options due now then how on earth they going to pay back the pref shares. The thing they most don't get here that this is just another form of debt issuing, it isn't really an equity investment.In 8 years time this will be called CDC group if not way before that.Watch out for a heated voting in the EGM, won't go down easy for existing big shareholders!!!
catsick: No the pref shares are sold at 55 cents , if the share price is below 18 cents in the 8 year end preiod they get the shares at 3 per pref which is 13.5 p , if the shares are up at 1 quid they convert at 1 share per pref = 41p so they are selling these shares somewhere between 13.5p and 41p depending on where the shares end up, in the interim they get the same divs , and we have no debt and no interest to pay, awesome deal
spooky: My interpretation was that they need to pay out a lot of cash that they currently don't have. Solutions would appear to be more debt or an equity issue, result is falling share price - poor management really.
value viper: wtf is all that about ?? would need 15 cups of coffee and 3 hours to try and understand.....anyone had a go ? certainly the share price has tried to understand it ....?
multibagger: Good to hear of USD debt reduction and prioritisation of this area and also trading update....the market is in an unforgiving mood towards ZAM and this update sadly may not be adequate to stem the share price drift at this time. RNS Number : 4551E Zambeef Products PLC 04 November 2015 4 November 2015 Zambeef Products plc ("Zambeef" or the "Group") Further re Year End Trading Update and Update on US Dollar debt position Zambeef (AIM: ZAM), the fully integrated agribusiness with operations in Zambia, Nigeria and Ghana, is pleased to provide a further update on its performance for the year ended 30 September 2015 ("FY14/15"). An update on the Group's US Dollar ("USD") debt position is also included in light of the recent macro-economic challenges facing many African countries, including Zambia, and the recent volatility of Zambeef's share price on AIM. This update follows the announcement made by the Group on 30 September 2015. The FY14/15 audited results are expected to be announced on 25 November 2015. In pursuit of the strategic priority to reduce its net debt position, as set out in the 2014 annual statement, Zambeef is pleased to report significant progress. Net debt at 30 September 2015, stated in USD, was USD74.7m, a reduction of USD 43.3m from the USD 118.0m as at 30 September 2014. Debt reduction continues to be a major strategic priority. During the year, the Group has been actively working at converting its USD denominated debt to Zambian Kwacha (ZMW). Whilst USD debt carries a significantly lower interest cost than ZMW debt, it carries with it significant risks from exchange rate movements - during this financial year, the ZMW has approximately halved in value against the USD (depreciating from approximately ZMW6.27 to ZMW12.02 per USD). At 30 September 2014, 71 per cent of Group debt was in USD. At 30 September 2015, this had reduced to 65 per cent and, since the year end, this has reduced further to approximately 55 per cent. The Group continues to look at ways of reducing exposure to the US dollar even further in order to mitigate future earnings volatility arising from exchange rate fluctuations, whilst also seeking to preserve the most efficient capital structure. By way of update to Zambeef's 30 September 2015 announcement, Group USD revenue (unaudited) invoiced in USD was USD39.7m representing approximately 15.5 per cent of total Group revenue. Zambeef continues to increase the range of products it exports into the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA) regions and expects this USD revenue to continue to grow during the coming year. As previously notified, we expect that FY14/15 operating profits and cash generated from operations will be ahead of market expectations while adjusted profit before tax will be in line with market expectations, despite absorbing significant realised losses from repaying US Dollar debt and converting US Dollar debt to ZMW. In the first month of the current financial year it is encouraging to see continued robust demand in our core markets (retailing of cold chain meat and dairy products). As a result, we continue to expect growth in revenues and profits in ZMW terms in the current financial year. For further information, please contact: Zambeef Products plc Tel: +260 (0) 211 369003 Carl Irwin, Joint Chief Executive Officer Francis Grogan, Joint Chief Executive Officer
multibagger: It is unfortunate to see all the progress made by ZAM unravel by a set of circumstances outside its control. At some point,the share price may only reflect asset value and the rest of the company and its potential/prospects fully discounted. I still think it is a good company, but agribusiness in Africa is not for the faint hearted. I sold out ZAM a long time ago, but on a watching brief now. I may buy if it becomes a value play...but feel for the existing share holders.
grollfam: tenapen your points are relevant and well made I think management have totally underperformed & the company will be bought out in the next 18-30 months and broken up if earnings do not improve as the sum of the parts are a lot more than the current share price.... The sale of Zamanita Limited ("Zamanita"), to Cargill Holdings BV was the first part of the disposal programme to unlock value
tenapen: Speculation Grows on Zambia Leadership Mulenga Sata (file photo): Rumours of President Michael Sata's failing health has given rise to speculation on the leadership of the country, including that one of Sata's sons may run for president. ----------- Pres Sata as not been good for the ZAM share price, but sad to read he is ill.
Zambeef Prod. share price data is direct from the London Stock Exchange
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