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LZM Lonzim

17.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lonzim LSE:LZM London Ordinary Share IM00B28CVH58 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Lonzim Share Discussion Threads

Showing 651 to 673 of 875 messages
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
DateSubjectAuthorDiscuss
11/2/2010
15:10
LZM's Year End Results to 31/8/09 reported a NAV of 101.6p/share and breakthrough to profitability.

The economy in Zimbabwe has continued to improve so the NAV should now be even higher.

Even allowing for the political risks in Zimbabwe LZM shares should be trading well above their current 37p share price.

Most companies would already be trading on a multiple of NAV.

ecohouse
09/2/2010
18:48
Some spike at the close :-)
tenapen
06/2/2010
18:15
back in for 10,000 at 32.7 - shown as a sell, as below mid price. Spread 32.6/32.7 thats as tight as it gets. Great buying level imho. No stamp duty also reduces trading risk. Will re-assess at 39p, if we break through that then who knows ?? - there's just no reisistance whatsoever.
davidwilkin
05/2/2010
19:21
British delegation to Zimbabwe sees 'signs of positive growth'



By Moses Muchemwa

Published: February 4, 2010

Bulawayo - A visiting delegation of British Members of House of Commons has
expressed satisfaction at the economic recovery progress in Zimbabwe
although they called for a quick conclusion of the Global Political
Agreement outstanding issues.

The eight Members of House Commons arrived in Zimbabwe on Monday and are on
tour of provinces.

In Bulawayo, the head of delegation Malcom Bruce of the British's
Conservative Party said they were impressed by the significant economic
improvement achieved by the coalition government.

"We have noted recovery and improvement in the country's economy. There are
signs of positive growth," he said.

Bruce said his team would make recommendations to the British Parliament on
how Zimbabwe can be assisted as well as the lifting of sanctions.

Britain's Department for International Development Zimbabwe (DFID) head,
Dave Fish, said ever since his stay in the country for the past five months,
he has noted notable economic recovery.

He expressed hope that relations between Zimbabwe and Britain will improve
but was also quick to suggest that the Global Political Agreement
outstanding issues should be ironed out urgently.

The visiting delegation of the British Members of the House of Commons
consist of Malcolm Bruce (Conservatives), Hugh Bayley (Labour), Nigel Evans
(Conservative), Richard Burden (Labour), John Battle (Labour), Andrew
Stunell MP (Liberal Democrats) Daniel Kawcynski (Conservative) and Mark
Lancaster (Conservative).

tenapen
05/2/2010
16:37
I can empathise with that . Too many AIM stocks in my portfolio that have yet to do what they said on the tin when I bought them ! If gold tanks then I'm in even more trouble. Dollar strength is short term, gold will have it's day again (soon I hope !)
kenone
05/2/2010
15:54
Afraid my LZM investment is about as much Africa as I am comfortable with. Plenty of other even dodgier companies in my portfolio tho, which I would be too embarrassed to name until they come back up a little.
thanksamillion
05/2/2010
15:04
Thanks a million! Do you hold MWA as well ? They both look good side by side although my profits in both have eroded badly in last few days.
kenone
05/2/2010
14:59
Do you KenOne Peel.



Sorry, that is what old age does to you(me).

Welcome Ken.

thanksamillion
05/2/2010
14:46
Bought another 5000 @ 32.5. I like this alot ! Great prospects as the country pulls back from the brink.
kenone
05/2/2010
14:41
We David to re buy his 100k +

He knows it makes sence.

tenapen
05/2/2010
14:36
Looks like my little whinge did some good.
thanksamillion
05/2/2010
12:27
we're on support and i can buy back for 32.6p - waiting just a little longer.
so many bargains out there and so little cash.

davidwilkin
05/2/2010
12:23
The fall seems a bit overdone.
thanksamillion
05/2/2010
09:16
Taken from the LONRHO trading update;

Quote;
LonZim Plc

· Lonrho has a 24.61% shareholding in LonZim (AIM:LZM).

· LonZim has invested £26m on acquiring a portfolio of companies that are well placed to benefit from economic recovery across key sectors in Zimbabwe. The current market capitalisation of LonZim represents a 51% discount on the acquisition cost of the portfolio.

· On 4 December 2009, LonZim announced it had raised a further £1.17m gross by way of a private placing of 4,255,525 new ordinary shares. At year end LonZim had cash reserves of £2.4m.

· On 26 January 2010, LonZim announced its results for the year ending 31 August 2009, reporting a turnover of £2.6m and profit before tax of £0.9m. Each operating company is cash flow positive.

· LonZim has reported a significant improvement in the commercial environment and the economy in Zimbabwe since the formation of the Government of National Unity and the US dollarization of the currency in February 2009. Hyperinflation has gone and businesses are starting to trade normally.

tenapen
02/2/2010
19:54
Well done on your sale David. I also though 40p could be a ceiling and a wee retrace from there. I did not sell as i am rubbish at knowing when to buy back in :-(.

Regards.

tenapen
02/2/2010
19:22
waiting to buy in again,i sold last week thinking that we couldnt go through 41p, but that we would on our 3rd attempt at it, just can't see on the chart how far we may come back - i thought 31 but that seems too much of a pullback, chartists out there anyone ?? i'll settle for another penny weakness tomorrow and then i'll be back in.
davidwilkin
02/2/2010
13:50
I'm in for the long term. Just lurking....:)
petemorr
02/2/2010
10:09
Looks like a tree shake today.

Received my Annual Report today, All facts and figures, no photos of the great and the good which is what I like to see.

thanksamillion
30/1/2010
18:40
Ecohouse,
His motives were to spread worry so investors sold out lower so he/she could buy cheap. His motive now is to ramp the share price with talk of it reaching 100p + and so encouraging people to buy higher so he could sell for a fast profit with not a care for anyone stranded at the top. We all trade shares to make money but this should not be at the detriment of other investors, IMHO.

Regarding your comparisons between LZM and LONR. NAV should be at a heavy discount for LZM on the basis of the political risk in Zimbabwe. As we see in Northen Ireland & Kenya, power shareing government are by their nature risky in themselves. LZM are picking up cheap assets and investing wisely (hopefully) for the future 5-10yrs. LONR are a lot more diversified over the whole of Africa and so a lot less risky.

I hold both.

tenapen
30/1/2010
12:22
whatever his motives he made some interesting observations about LONR's market capitalisation.

LZM's Net asset value exceeding 101p/share, the LZMs strong revenues growth, indicate a higher share price should come soon for LZM, and the current and target share price/market capitalisation of closely related LONR, all point that LZM should be heading much higher.

ecohouse
29/1/2010
13:51
tenapen,

LOL

Indeed he is, suspect he and others have now sold, I wonder if he managed to recoup his losses on the short he had out earlier, I hope not.

I am happy to stay onboard.

thanksamillion
29/1/2010
11:52
Davos 2010: Zimbabwe 'needs reward for progress'

He told the BBC at the World Economic Forum that he had come to Davos to clarify misconceptions about Zimbabwe.

He said the country was now on an "irreversible path to change".

"It's not as if I'm here as a salesman of Zimbabwe, I'm here to clarify certain misconceptions because I think there's been so much negative perception about Zimbabwe," he told the BBC's Today programme.

Cont.....

tenapen
29/1/2010
11:20
He's not a De / Ramper, Hes a very naughty Boy, lol.
tenapen
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older

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