Lonzim Share Discussion Threads

[david77] 13/6/2009 19:35

I can't find it now but there's a picture of Obama and Tsvangirai together. The script says that the USA will give Zimbabwe about $73 million(???) in overseas aid but won't give it to the govt 'cos there is too much corruption. I didn't read it all but I think that the USA will feed the aid somehow to give max benefit to the people of Zimbabwe.

The report sounded positive for Zimbabwe.

[tenapen] 12/6/2009 16:15

Zimbabwe PM Tsvangirai To Visit France In June - French Government

PARIS (AFP)--Zimbabwe Prime Minister Morgan Tsvangirai will travel to France later this month as part of a foreign tour to drum up support for his government, the French Foreign Ministry said Friday.

Tsvangirai will visit June 24-26 and hold talks with Foreign Minister Bernard Kouchner June 25.

"This visit will provide France with an opportunity to reassert its support for the national unity government, in particular the prime minister, as they strive to restore the rule of law in Zimbabwe," said Foreign Ministry spokesman Eric Chevallier.

Tsvangirai's government says it needs more than $8.5 billion in aid to rebuild its shattered economy after years of hyperinflation and massive job losses.

[tenapen] 09/6/2009 07:08

TAKEN FROM TODAYS Lonrho's Interim Results,



Lonzim Plc ('Lonzim') (24.53% holding)


Zimbabwe has seen a difficult six months and both the economic and political environment have been challenging. However significant progress has been made and there is optimism that Zimbabwe has entered a period of consolidation and the economic decline of a country, once so successful, is coming to an end.


LonZim continues to focus on commercial opportunities in Zimbabwe and the Beira corridor and looks to invest in industries that the Board believes will show strong and speedy recovery when Zimbabwe begins economic growth.


The historic investments made by LonZim in Zimbabwe continue to trade in the difficult economic environment. The focus for each company has been to retain quality staff and the capabilities necessary to grow and gain market share as and when Zimbabwe recovers. Each is well positioned to do so, and with LonZim backing, the portfolio of investments is strategically placed to be able to benefit from the recovery.

[tenapen] 08/6/2009 20:42

Celsey's Share price rises again to USc 0.4 UP 0.1

[tenapen] 06/6/2009 18:36

Jan Raath in Harare

The United States, Britain and Europe will welcome a Zimbabwean leader on an official visit to their shores for the first time in nearly a decade next week as Morgan Tsvangirai, the Prime Minister in the new power-sharing Government, embarks on an international tour to try to win support to rebuild his shattered country.

Cont.....

[tenapen] 03/6/2009 21:05

A few days away and i miss AMB increasing their holdings to 22% on the 27 May.

Followed the next day with the Chairman & a Director also buyin more LZM.

Good for the share price and interesting to watch & learn.

regards

[tenapen] 27/5/2009 10:26

27 May 2009
LonZim Plc


("LonZim" or the "Company")


Interim Results 2009

LonZim Plc (AIM: LZM), an investment company focussed on Zimbabwe, is pleased to
announce its interim results for the period from 1 September 2008 to 28 February
2009.


David Lenigas, Executive Chairman of LonZim commented:


"We are extremely pleased with the progress made by the Company during the
period to 28 February 2009. The results showing a loss of GBP746,000 reflect
that the Company has continued to deliver on its mandate to identify key
investment opportunities in strategic sectors in Zimbabwe. These will position
the Company to grow and expand in the event of an economic recovery. We remain
confident that our chosen sectors demonstrate considerable potential to create
value for shareholders as well as benefit the people of Zimbabwe as change
occurs."


"Recently we have seen some very positive progress made in Zimbabwe as
international support for the country grows. We are positive that the investment
potential in Zimbabwe remains strong and that Zimbabwe has a very bright future
as it looks to re-establish its presence as one of the major economies on the
African continent."

Cont.....



LonZim remains the only company on the London Stock Exchange (AIM) that is
solely focused on investing in the economic recovery of Zimbabwe. The Board
continues to believe that Zimbabwe will become, once again, one of the leading
economic drivers in Africa in the medium term and that the commercial
opportunities to partake and invest in Zimbabwe's eventual recovery are
significant.


Geoffrey White
Director and Chief Executive Officer
27 May 2009

[tenapen] 26/5/2009 16:25

The Herald (Harare)
Published by the government of Zimbabwe
Zimbabwe: LonZim Invests in Pharmaceuticals

26 May 2009

Harare - LONDON Stock Exchange-listed investment firm, LonZim is investing US$2,34 million in a new company, which will import, wholesale and distribute pharmaceutical products in Zimbabwe.

According to the LonZim website, the company would supply public and private hospitals and retail pharmacies with the essential drugs and equipment to allow the level of healthcare service in the country to improve.

Products would range from pre-filled immunisation syringes through to complex theatre packs; radiology equipment; specialist pharmaceuticals and chronic medication.

It would also negotiate distribution agreements for several international pharmaceutical brands.

The company is being launched via a new investment company, Quickvest Ltd, which is a joint venture between LonZim and the De Robillard Family Trust.

Quickvest Ltd would own 90 percent of the new pharmaceutical distribution company, with the remaining 10 percent being owned by Dr Richard Botha, who would lead the management team responsible for the development of the company.

Dr Botha is a pharmacist with many years experience in building and managing pharmaceutical businesses.

He qualified as a pharmacist from the University of Potchefstroom in 1987, and, obtained an MBA from UCLA Berkeley in 1999.

He has worked as Group Manager for Pharmarama in South Africa and as operations director at Protector Group Holdings where he engineered the turnaround of the 158 pharmacies in the Clicks chain.

LonZim, which would have board control of Quickvest, would own 51 percent of the investment company, with the remaining 49 percent being owned by the De Robillard Family Trust.

LonZim Executive Chairman, David Lenigas said "LonZim invests in commercial opportunities that support the economic recovery of Zimbabwe.

"Positive signs are appearing that this recovery has begun, with international financial packages in place from Southern African Development Community and this week the World Bank agreeing to give Zimbabwe its first assistance since 2000.

"Zimbabwe needs a quality pharmaceutical distribution network that can import, distribute and deliver medical supplies throughout the country using a modern, high quality distribution system, refrigerated where necessary.

"It is imperative that products are distributed in

the best possible condition to ensure their effectiveness and meet the requirements of international manufacturers."

The lack of a reliable supply of medical equipment and pharmaceutical products crucially needed to support health care services is one of the challenges faced by the Zimbabwean health care system today.

This is after the country health system, that has historically been very robust, with one of the highest percentages of the population being immunised in Africa, was devastated by the recent hyper inflationary economy.

[thanksamillion] 26/5/2009 13:38

Tenapen

Not really - just a phone call.

Well all resolutions passed at AGM, tho raiders may be keeping their powder dry.

Only a hunch but I think LZM board has sufficient backing. Raiders already have 26 or so percent. Unless two or more of the Insti's support the Resolution they won't win, and it is difficult to see that happening. 40 percent in small holdings, I believe these are unlikely to vote let alone support either side. It could be closer than we would wish, but I agree with all of your main paragraph.

I could play safe and sell now for a small profit, but that would go totally against my principles. I am actually in this one to support the people of Zimbabwe as much as to make money so my decision is an ethical one. In addition I agree with Warren Buffets mate Charlie, derivatives are invidious parasites, and actually work to destroy what would otherwise be perfectly profitable commercial operations, all in the name of making a quick buck.

PS If this goes totally T-UP I can afford to write it of, but that would be a very extreme development.

[tenapen] 26/5/2009 13:16

That a lot of effort Thanksamillion.

Have you an opinion on percentages to each camp going into the EGM ?.

I can not see the raiders getting anywhere near ousting the board !. Celsey's share price as risen from USc0.1 to USc0.3 and LZM have made two prestige investments in Hotels and leisure. And not to forget last weeks RNS where they have Establishes pharmaceutical distribution company :-).
Maybe 3-4 months ago but at present Zimbabwe is finaly getting some investment from the Southern African States and the World bank then after c 150 days (?) of this government the Europeans / China / US and finaly the UK will start to offer money ! but not before LZM cherry pick the best investments !.

Set Fair IMO.

(Do not invest what you can not afford to loose)

[thanksamillion] 26/5/2009 10:37

Well, I have managed to transfer my holding from my Nominee account to my Crest personal membership account(free as it was internal to my online broker), so looking forward to receiveing my voting papers, and supporting the board.

[sagem] 24/5/2009 07:37

LonZim files defamation suit against rebel shareholder

Director's comments to a magazine lead to legal action as fight for company enters new round

By Mark Leftly

Sunday, 24 May 2009

* Share

The Independent Close


The battle for LonZim, the Aim-listed company that claims to be "playing an integral role in the revival of Zimbabwe", has turned nasty with the introduction of legal action.

The LonZim board has issued a writ for alleged defamation against a director of Johannesburg-based activist shareholder AMB Capital. Mishcon de Reya, the City law firm, is acting for LonZim.

AMB, which owns more than 20 per cent of LonZim, called last month for an extraordinary general meeting this summer at which it will look for support to replace the current board and break up the company. Asset sales would mean that cash would be returned to shareholders by the end of next year.

The LonZim board has rejected AMB's arguments, stating in a letter to investors: "To close LonZim abandons Zimbabwe and its people at the worst possible time." The letter added that divestment now would be "badly timed" given the worldwide crisis.

The EGM will see AMB pitched against Lonrho, the conglomerate once run by the late Roland "Tiny" Rowland. Lonrho spun-off LonZim in 2007, but still has a near 25 per cent stake and manages the group. David Lenigas and Geoffrey White are, respectively, chairman and chief executive at both companies.

AMB is supported by fellow investor Damille Partners IV, which has a stake of more than 6 per cent.

The LonZim board has applied for the writ through the High Court in England, though South Africa-based AMB director Andrew Sprague will not be formally served for a few weeks. The writ relates to comments Mr Sprague made to a South African business publication about the company's direction, as well as alleged conversations with other shareholders. Mr Sprague is one of the candidates that AMB has put up to replace the existing LonZim board.

Mr Lenigas said: "Mishcon de Reya has served papers for defamation, libel and loss of earnings."

An AMB spokesman said that the hedge fund was aware that the writ had been filed, but was awaiting details of the allegations. Mr Sprague could not be reached for comment, but is believed to have appointed lawyers. He has previously warned that the battle over LonZim was a "potentially hostile affair".

The company has pledged to invest in a range of Zimbabwean sectors including infrastructure, property and natural resources. LonZim shares closed at 30.75p on Friday, up 6 per cent on the start of trading, valuing it at £10.6m.

[dubois] 22/5/2009 22:22

Good report on the news tonight. Shelves full in supermarkets and people starting to believe. Still concearn over the white farmers and mugabe men, but overall it was very positive.

[tenapen] 22/5/2009 14:17

Got to say i thought this would fly on today's RNS.

Re this morning statement,
QUOTE;
David Lenigas, LonZim Executive Chairman, stated:

' LonZim invests in commercial opportunities that support the economic recovery of Zimbabwe. Positive signs are appearing that this recovery has begun, with international financial packages in place from SADC ( Southern African Development Community ) and

this week the World Bank agreeing to give Zimbabwe its first assistance since 2000.

[tenapen] 22/5/2009 07:32

Yes ;-)

have a good day.

[bullsru5] 22/5/2009 07:30

u mean lose ;)

[tenapen] 22/5/2009 07:30

Re the above,

LZM is unloved at the moment but IMHO it will deliver good growth moving forward. This is a long term investment but one to tuck away.

Never bet what you can not afford to loose.

I still hold.

[tenapen] 22/5/2009 07:27

22nd May 2009

LonZim Plc

('LonZim' or the 'Company')

LonZim establishes a wholesale pharmaceutical distribution company for Zimbabwe


LonZim Plc (AIM: LZM), an investment company for Zimbabwe, is pleased to announce that it has entered into an agreement to establish a new company which will import, wholesale and distribute pharmaceutical products in Zimbabwe.

Cont.....

[tenapen] 12/5/2009 22:12

raginghippo,
Do not invest in LZM if you are adverse to loosing money, but if you were that way inclined you would not be looking at investing in am emerging market.

IMO there is limited downside and yet multi bagger upside over the long term. The upside is blue sky and requires LZMs investments to come good. But the limited downside stems from the fact that LZM is valued £11.12m with the share price at 30.5p. LZM stated on the 24 April that they had Cash reserves of £6.2million and have since sold some of their holding in Lonrho raising £2.83m = £9.03m leaving their investment worth £2.09m. I do not know if the investments are valued that much but even if they are valued down to zero and bear raiders win out and money is returned to share holders we should still get back 25p.

25p x 36,450.000 (shares issued) = c £9.1m

regards.

[carterdl] 12/5/2009 18:22

Hippo.. the share is under the cloud of uncertainty created by activist shareholders seeking to sell all the assets and return money to shareholders. An EGM will be called to vote on the proposal. If these shareholders get their way, it will result in a destruction of value and ultimately LZM's shares are likely to decline from here. If they don't get their way, LZM will then have disaffected shareholders holding around 30% of the shares - and if they then decide to sell in the market there will be an almighty overhang for sometime.

It's a shame, because the underlying assets are likely worth more than 50p. I'll keep watching and following what happens, just in case there is a good buying opportunity sometime.

[tenapen] 11/5/2009 19:09

Could have been this large delayed trade ! a sell ?

11:40:44 11-May-2009 30.00 199,626 59,887.80 Ordinary Trade - Delayed

(taken from the FT)

[raginghippo] 11/5/2009 09:32

anyone know the reason for this drop. Not a share I follow too closely but it is on my watch list..

[taffee] 11/5/2009 09:20

looks like whatever happens shareholders will get nothing good

[dubois] 11/5/2009 09:17

Whats happening here then?