Lonzim Share Discussion Threads

[thanksamillion] 13/10/2009 10:36

Correct me by all means if I am wrong.

From Interims

Cash and cash equivalents 13,220m

Less Post Interim

Medalspot ,640m
Leopard Rock 5,800m
Purchase of shares 1,300m
Refurbishment and others-est 1,000m
--------
8,740m

--------
Remaining cash 4,480m
========

Still thats 14p a share for starters.

Personally given the worlds current credit problems, which can only get worse, I would want to see this cash held for now.

[empirestate] 13/10/2009 08:18

either way, gbp1.3m spent on buy back they still should be maintaining a healthy premium cash position to mcap

[tenapen] 12/10/2009 16:47

A nice rise all the same Thanksamillion.

They bought back a lot of shares for cancelation so i also do not beleave they have £13m in the bank. We should have the results coming around, so hopefully we will get a good idea of where they are going.

Regards,

[tonerona] 12/10/2009 15:47

Dont think they have 13m cash left.

[empirestate] 12/10/2009 15:31

will go back over the trade pattern and try and work it out

[empirestate] 12/10/2009 14:38

thanks, that action on the half mill going through is a sale order being cleared and the weight comes off the share price is the mcap really GBP8m as shown on adv, can't believe it with a GBP32m Nav AND GBP13m on the book in cash.looks a cracking term investment and these fellas appear to have come to market, in terms of zimbabwe market when it was in the doldrums, which is pretty smart.
to save me looking, is AMB a seller?

[thanksamillion] 12/10/2009 09:47

Wouldnt count on it tenapen.

AMB had 3+m shares at the last count and they may have need of the cash at some point.

The share price is still within the downward band.

Sorry to be so downbeat, I expect this to be a temporary phenomena(one more leg down).

[tenapen] 09/10/2009 19:14

I had expected more falls today, but a wee tick up is a nice surprise. the 500,00 sell may well have been the reason for such a bad week for the share price ! but now that as cleared hopefully we can get some stability to the share price

A good weekend All.

[thanksamillion] 09/10/2009 16:44

Somethings cooking - 500,00 sold today but only a few thousand in buys and the price goes up.

[thanksamillion] 09/10/2009 10:32

Looking around on the web, it seems the Fly540 flights are not now expected to start till October. On the bright side informed opinion has it that they are operating the right type of plane to make a success of it.

[thanksamillion] 08/10/2009 10:59

Certainly no offence taken tenapen.

I see Lonzim as along term investment. So where the share price goes in between my buying and my selling is pretty much irrelevant to me.

You are right to put a hold on buying.

For what its worth I dont see any logical reason for the drop, just poor sentiment, and selling by short term investors. In time it should come right, but when is the question.

[tenapen] 07/10/2009 18:23

No offence intended but i hope you do not get them at anywhere near 18p. What started as a punt as turned into a big investment for me £3k. I can not afford to buy more on a 'do not gamble what you can not afford to loose' basis. So watching the share price tick lower when IMO there is a good story to be told in ZIM is ..... nipping my head.

Roll on the results.

My Best Wishes to you Thanksamillion.

[thanksamillion] 07/10/2009 17:19

tenapen

Which is great for anyone waiting for 18 before picking up a few more.

[tenapen] 07/10/2009 16:45

its not helping the share price or confidence :-(.

Down again.

[thanksamillion] 07/10/2009 12:29

New FD - seems suitably qualified.

[andy] 29/9/2009 09:05

Lonrho are in town this week!


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[tenapen] 29/9/2009 06:58

There must be a mistake or some other reason that i can not see this morning !! but the Celsys share price as risen from USc0.2 to USc18. = 9,900.00%




--------------------------------------------------------

Geoff Goss - CEO Celsys Limited as updated his blog.

He starts by saying the Celsys is in a closed period and he can not say anything but goes on to comment on new product....s.

[tenapen] 28/9/2009 19:45

Signs of life stir Zimbabwe's stock market



GODFREY MARAWANYIKA
September 27, 2009 - 3:54PM
AFP

Zimbabwe's moribund economy is slowly stirring, with signs of life in
once-shuttered businesses helping to revive a stock market that was closed
amid scandal last year, analysts said.

Hammered by world-record hyperinflation, the Zimbabwe Stock Exchange was
shut down last November as the central bank sought to curb traders using dud
cheques as well as activities of market speculators.

Trading resumed in February, after the local currency was abandoned and a
unity government was formed between President Robert Mugabe and his
long-time rival, Prime Minister Morgan Tsvangirai.

Since then the value of monthly trade is up 20-fold, though that's coming
off a base of just 2.5 million US US dollars. ZSE boss Emmanuel Munyukwi
told AFP that still shows signs of at least cautious optimism in the
country.

"This is a sign that confidence is coming back to the bourse when compared
to last year," he said.

"There has been huge interest on our counters. Most of the buyers are
foreigners especially from South Africa and United Kingdom."

Monthly trading peaked in June at 57 million US dollars but has since
slowed. Munyukwi expects the September figures to register around 50 million
US dollars.

Without a local currency, trading is now conducted in US US dollars,
limiting currency risks for foreign investors, Munyukwi said.

That's brought stability to a market ravaged by inflation estimated in
multiples of billions last year, said Dzikamai Danha, an analyst with
Renaissance Capital, a Russia-based company that tracks emerging markets.

"The real reason why the economy has stabilised and the real reason why the
stock exchange has had a fine rally... is as result of confidence in the use
of the US dollar, which does not fluctuate like the Zimbabwe dollar," Danha
said.

"Last year, the ZSE in terms of business was actually smaller to that of
Botswana, Malawi and Zambia", some of the world's smallest markets, he said.

Danha expects ZSE market capitalisation to be 4.1 billion US dollars by year
end, representing a 138 percent increase over the quarter ending in June,
but still tiny even compared to neighbouring South Africa's bourse.

Significant political risks remain, as Mugabe and Tsvangirai publicly feud
over key appointments, including the naming of the central bank governor.

"Although the political noise surrounding these disagreements has
intensified in recent months, we do not believe any break in the government
is imminent," Danha said.

But Jonathan Waters, analyst at the economic and financial data group Zfn,
said that despite the gains this year, the market remains far off its
historic peaks.

The ZSE had a market capitalisation of about nine billion US US dollars in
mid-1997, before inflation began surging.

Last year at the height of the hyperinflation, the market was capitalised at
about four billion US dollars, against 3.5 billion US dollars last week, he
said.

"So in fact it's gone backwards," Waters said.

But as companies adjust to doing business in a dollarised economy, some are
performing surprisingly well, while foreign investors have begun returning
to Zimbabwe, he said.

"Between 50 to 150 million US dollars has certainly come into the country"
this year from foreign investors, Waters said, adding that banks had
performed well in their first quarterly results under the new financial
regime.

"Our first dollarised results for the period to June have just been
released, and we have been surprised by the performance of the banks," he
said.

Although 79 firms are listed on the ZSE, 10 dominate trading -- most of them
local subsidiaries of banks such as Barclays and Old Mutual, as well as
local telecom Econet.

[tenapen] 17/9/2009 15:32

Thanks amillion,

I will pay more atension next time :-(

[thanksamillion] 16/9/2009 19:52

I posted a week or so that the trend indicated to me a drop to around the 25p mark. I always have in the back of my mind that AMD might want/have to sell some or all of their holdings. If they did we would not know about it till after the event but a very weak share price might give some indication of selling in the background. If this were to happen then we can expect the share price to overshoot 25p (on the downside), possibly by quite a margin at some point, followed by an equally dramatic rise once trading returns to normal. Might be worth watching for another incredible buying op.

Who will buy this one pound coin, I'm not talking 50p, not even 25p, no its yours for only 18p.

[tenapen] 16/9/2009 17:04

A long list of SElls :-( ... not good.

As any news leaked out that i have missed ?

or are the lemmings jumping for no reason ? (no offence intended)

Any thoughts are much appreciated.