Lonzim Share Discussion Threads

[thanksamillion] 17/4/2009 16:54

Superb buy and strategy, I now look forward to LONZIM making me rich enough to stay there.

Now awaiting the next deal we were lead to believe was on its way.

[dubois] 17/4/2009 08:55

Good prog on television last night about zimbabwe. The finance minister was very open and frank about what was going on with the white farmers and gave a good answer as to why they cant stop it. They simply cannot do everything at the same time. They showed the supermarkets with empty shelves a few months ago and now they are nearly full. Yes some people have no money for food, but those that do can at least buy it. If Mugabe was taken out six months then the country would have been in civil war as there was nobody to take over. Give it another few months and you could lose Mugabe with nothing negative happening.

The prog at least showed that they are traveling in the right direction. Bodes well for future

[sagem] 13/4/2009 20:42

GOOD FOR LONZIM:-

Thulasizwe Simelane, Harare

South Africa's industry players have pledged their commitment to pump investment into Zimbabwe in an effort to stimulate the country's stalled economy.

A high-powered delegation of executives led by billionaire entrepreneur Patrice Motsepe met with the country's leadership including Zimbabwe's President Robert Mugabe and Finance Minister Tendai Biti.

Motsepe says the meeting was to obtain guarantees for business about the stability and consistency of the new government's policies. President Mugabe described the delegation's arrival as yet another sign of South Africa's confidence in the fragile administration comprising former rival factions.

Over the years, business in Zimbabwe has been subject to drastic policy changes that have adversely affected industry. But, there is a new order and it promises to be different. "I personally have no doubt that in the next few months or next few years, the private sector not only in South Africa but worldwide will realise that Zimbabwe is a good place for business," says Motsepe.

[dubois] 08/4/2009 19:16

As per the news on television tonight, more whites been having their farms taken from them this week under the orders of Mugabe. I dont see the publicity of this as a bad thing. The more this is reported the sooner it will stop and stability resume.

[sagem] 08/4/2009 19:03

AND SO DOES LONZIM................

SA entrepreneurs pledge to invest in Zimbabwe April 06 2009 , 4:54:00

Thulasizwe Simelane, Harare

South Africa's industry players have pledged their commitment to pump investment into Zimbabwe in an effort to stimulate the country's stalled economy.

A high-powered delegation of executives led by billionaire entrepreneur Patrice Motsepe met with the country's leadership including Zimbabwe's President Robert Mugabe and Finance Minister Tendai Biti.

Motsepe says the meeting was to obtain guarantees for business about the stability and consistency of the new government's policies. President Mugabe described the delegation's arrival as yet another sign of South Africa's confidence in the fragile administration comprising former rival factions.

Over the years, business in Zimbabwe has been subject to drastic policy changes that have adversely affected industry. But, there is a new order and it promises to be different. "I personally have no doubt that in the next few months or next few years, the private sector not only in South Africa but worldwide will realise that Zimbabwe is a good

[sagem] 06/4/2009 07:26

taffee Could be these changes that are holding up the announcements regarding the 2 big deals as mentioned in this article;-



LonZim to Report 'Big' Zimbabwe Acquisitions, Director Says
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By Carli Lourens

Feb. 12 (Bloomberg) -- LonZim Plc, the investment betting on a recovery in Zimbabwe's economy, will announce "big" acquisitions, Executive Director Geoffrey White said.

"We'll be announcing a couple of really big deals in the next two to three weeks," White said in an interview in Cape Town today.

Zimbabwe has experienced a decade of recession. Inflation was estimated in July at 231 million percent. Zimbabwe's health, sewage and water systems have collapsed, exacerbating a cholera outbreak that has killed 2,971 people, according to the United Nations.

LonZim, which is based in London, will still be "fine" should the economy fail turn around in the next five years, said Chairman David Lenigas, who was interviewed alongside White. The two are also chairman and chief executive officer respectively of Lonrho Plc, the conglomerate that has a 20 percent stake in LonZim and which manages the investment company.

While LonZim's existing investments are "commercially sound, basically none of them are making money," White said.

Adopting neighbor South Africa's currency, the rand, would "bring an element of stability" for businesses in the country, White said. Zimbabwe should adopt the currency to stabilize the economy, the Herald, a state-owned newspaper that often carries government announcements, said yesterday.

Lonrho, which is based in Liverpool, plans a $150 million expansion to double the size of its Luba port in Equatorial Guinea.

"We're looking at possible options including private equity and bank debt," Lenigas said. He added that the company has invested $80 million in the port, where companies including Exxon Mobil Corp. now operate from. Lonrho acquired 63 percent of Luba Freeport Ltd. in 6.

Lonrho also operates East Africa's biggest private airline and plans to start operating its Fly540 airline in Angola in the next few weeks, in Ghana in May, and in Zimbabwe "at some point in the future," White said.

[taffee] 03/4/2009 11:18

rubbish.....there is something we do not know imo......never seen such bad corporate governance

What did the advisers do wrong....ask questions?

[sagem] 03/4/2009 09:22

Lets be positive perhaps they want the BEST and Lonzim know what they want the previous ones were no the best as far as Lonzim were concerned

[yohoho] 03/4/2009 07:39

Third adviser in as many months? This cannot be good!

[taffee] 03/4/2009 07:30

another change of broker/advise?.....something really cannot be right here

[taffee] 31/3/2009 16:51

looks like a classic 'pump and dump' at the moment...bring on some news

[sagem] 31/3/2009 16:21

Still waiting for the two big deals that White spoke about a few weeks ago, we should hear news very soon.

[taffee] 30/3/2009 07:50

Reforms spur Zimbabwe's gold industry
By WilliamR01;MacNamara in London

Published: March 29 2009 20:39 | Last updated: March 29 2009 20:39

Zimbabwe's gold trade could be reviving, making gold the first industrial sector to benefit from recent economic reforms in the country.

Mwana Africa, a mining group listed on London's Aim market, plans to reopen the Freda Rebecca gold mine, one of Zimbabwe's largest, by September.

It has been closed for the past three years, a period that was "impossible" for gold producers, one sector analyst said, as the central bank bought gold but failed to pay producers in either foreign currency or increasingly worthless Zimbabwean dollars.

[sagem] 28/3/2009 14:46

THIS IS INTERESTING


Could Zimbabwe's 'basket-case' stock market rally 250%?

Feb 25, 2009
Zimbabwe stock exchange

Zimbabwe: set for huge gains?

Zimbabwe's stock market could easily double by the end of this year. And if you have the taste for adventurous investing in search of higher returns, there are a few easy ways for UK investors to play this turnaround...

To start with there is LonZim (LON:LZM), an investment company listed on the Alternative Investment Market (AIM) that invests in and manages businesses in Zimbabwe. It got in at the height of Zimbabwe's crisis, snapping-up assets on the cheap. And it says that it will announce a few huge deals in the coming weeks. That's one that's worth looking at more closely.

[sagem] 27/3/2009 12:07

taffee ...Its got to be news

[taffee] 27/3/2009 10:59

either some news or a pump and dump

lets hope its news

[sagem] 27/3/2009 09:11

Expecting news of the two big deals that White mentioned a few weeks ago.....don't know what they are but he mentioned TWO BIG DEALS, when talking to BLOOMBERG :-

JUST A COPY FROM PREVIOUSLY POSTED

LonZim to Report 'Big' Zimbabwe Acquisitions, Director Says

By Carli Lourens

Feb. 12 (Bloomberg) -- LonZim Plc, the investment betting on a recovery in Zimbabwe's economy, will announce "big" acquisitions, Executive Director Geoffrey White said.

"We'll be announcing a couple of really big deals in the next two to three weeks," White said in an interview in Cape Town today.

Zimbabwe has experienced a decade of recession. Inflation was estimated in July at 231 million percent. Zimbabwe's health, sewage and water systems have collapsed, exacerbating a cholera outbreak that has killed 2,971 people, according to the United Nations.

LonZim, which is based in London, will still be "fine" should the economy fail turn around in the next five years, said Chairman David Lenigas, who was interviewed alongside White. The two are also chairman and chief executive officer respectively of Lonrho Plc, the conglomerate that has a 20 percent stake in LonZim and which manages the investment company.

While LonZim's existing investments are "commercially sound, basically none of them are making money," White said.

Adopting neighbor South Africa's currency, the rand, would "bring an element of stability" for businesses in the country, White said. Zimbabwe should adopt the currency to stabilize the economy, the Herald, a state-owned newspaper that often carries government announcements, said yesterday.

Lonrho, which is based in Liverpool, plans a $150 million expansion to double the size of its Luba port in Equatorial Guinea.

"We're looking at possible options including private equity and bank debt," Lenigas said. He added that the company has invested $80 million in the port, where companies including Exxon Mobil Corp. now operate from. Lonrho acquired 63 percent of Luba Freeport Ltd. in 6.

Lonrho also operates East Africa's biggest private airline and plans to start operating its Fly540 airline in Angola in the next few weeks, in Ghana in May, and in Zimbabwe "at some point in the future," White said.

For Related News and Information: Zimbabwean economy stories: TNI ZIMB ECO Top African stories: AFTO African mining stories: TNI AFRICA MNG LonZim share prices: LZM LN GPO

Last Updated: February 12, 2009 08:03 EST

[dubois] 26/3/2009 14:14

There are some decent buys coming through now. Is there something afoot? Have no idea what it could be.

[taffee] 26/3/2009 13:38

looks like a massive tree shake there......40p here we come

[dubois] 26/3/2009 12:43

Sometimes we get it wrong and sometimes we get it right. I got this one right yesterday as I had come out and then got back in at 16.8, talk about lucky.

[sagem] 26/3/2009 12:40

What I find difficult to understand is that for months no body seemed to talk much about Lonzim, but after the last downturn in the share price all of a sudden Lonzim is being talked about its potential/worth.....I realised this a long time ago....remember these shares were worth 1.16p per share at one stage and thats when Lonzim did not own all the new properties. The share price should be at least 60p now in the present economic climate and we also now have power sharing Goverment in Zimbabwe

[carterdl] 26/3/2009 11:39

Correction to my last post, before people get too excited ... the book value of the assets acquired is around £24 million (not £70m), equating to almost 70p per share.

[carterdl] 26/3/2009 10:27

Simon,
The cash level now is probably around £11 million, after recent deals. The book value of the assets they hold, including Lonrho, is around £70 million.
I'm very happy to hold, despite the recent gyrations of the share price, as value will out.

Good luck to all holders!

[simonparker5] 26/3/2009 09:32

Sagem I think it is more to do with teh seller being finished and the MMs shifting nearly all the stock.
What amazes me is that they have 55m shares in Lonrho which themselves at 7p are woth £4m to Lonzim. This is about 10p per share. At the current price of 21p the market is pricing £21m of cash plus all other assets at only £4m!