Lonzim Share Discussion Threads

[kvrr] 22/12/2010 13:19

Mugabe was on the television last week saying they will 100% nationalise all foreigh companies unless the British remove sanctions.

Goodbye Lonzim?

[thanksamillion] 08/12/2010 15:09

Nice find GOLDFEVERRUSH, do I detect a rare hint of pragmatism from Harare, if so it is good news.

[goldfeverrush] 07/12/2010 18:31

Govt freezes indigenisation

MUNYARADZI MUGOWO | HARARE - Dec 06 2010 19:21

Government says it has shelved its indigenisation legislation until "the local economy recovers" and will be selling least 10 parastatals to foreign investors, ceding controlling stakes way above the statutory ceiling of 49%.

The landmark policy climb-down comes as a shock to everybody who heard government officials swearing categorically and repeatedly at every public forum that the country would never recoil from the programme, treating it with the same sanctity they gave the fast-track land reform programme.






GOOD NEWS FOR ZIM STOCKS Mwana Africa mwa etc

[tenapen] 29/11/2010 07:12

Placing of £4.98 million



LonZim Plc (AIM:LZM) is pleased to announce that £4,987,904 has been placed with new and existing institutions and shareholders, at a placing price of 28 pence per share. The placing will provide working capital for the Group's existing businesses and will provide the Company with the ability to continue implementing its investment strategy.
Cont...

------------------------------
Only a 1p discount to the closing price on Friday.

[gingerplant] 19/11/2010 20:35

After hours announcement of finals to end Aug:


I don't know why so late (5.58pm) unless it was to wait for the NAV per share quote depending on the closing price?:

They say:

As a result of the improving economic stability in Zimbabwe, LonZim has seen tangible progress in its operations during the year.

Turnover £4.9m (2009: £2.6m) - up 90% "demonstrating the start of the recovery for the economy".

Then crucially:

The majority of Lonzim's subsidiary companies are not expected to require any further head office support for their operations going forward.

AND:

NAV per share of 87.2p compare to a closing market price on 18 November of 28.5p per share.

Personally, I can't see why it isn't a lot closer to NAV - particularly if they don't need cash. And what will the NAV be once the Zimbabwean recovery is fully underway and the nutters no longer running the show?

All in all - it remains an interesting punt and has to be worth some tuck away and forget money?

[davidlloyd] 19/11/2010 09:53

Couldn't help topping up this morning - results look to be promising given the rise....lets see how things pan out.

DL

[tonerona] 19/11/2010 09:31

Looking up here at last.

[tedg41] 02/11/2010 16:35

Have added to my small holding today. Hopefully investing in tommorow's world today!

[markspeed] 02/11/2010 15:04

Never mind - figured it out.

[markspeed] 02/11/2010 14:53

Anyone care to fill me in on the reason behind today's rise? I have a small holding, and never devote much time to it.

[tonerona] 02/11/2010 12:26

These are hard to get, cant get a price online even small amounts.

[tenapen] 29/10/2010 21:46

I took another nibble at todays closing bell. 1700 @ 26.2p

[tenapen] 22/10/2010 11:13

Thanks CEOHunter,
I hope it went well.

For those outside of London, Proactive Investor should look into streaming these presentations. Charge a few pounds to the viewer to cover your costs and everyone one is a winner.


Regards.

[ceohunter] 22/10/2010 11:01

To view LonZim's presentation from last night's Proactive Investors One2One Forum, please click here:

[tenapen] 17/10/2010 20:00

Cont..

..... while LonZim, down fom 40.5p to 23.75p, also has potential, though it is clearly a significantly riskier bet.

[ceohunter] 13/10/2010 11:28

The directors of Gold Resource Corp (NYSE: GORO), Ferrexpo (LSE: FXPO), LonZim PLC (AIM: LZM) and Ovoca Gold (AIM: OVG) will be presenting on Thursday 21st October 2010 at the Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB.

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

REGISTER YOUR ATTENDANCE HERE:

[tenapen] 09/10/2010 18:54

LonZim's (LON:LZM) 51%-owned telecoms business ForgetMeNot Africa has signed new deals with Globacom and Essar Telecom in Nigeria and Kenya, respectively.

[jonno1] 07/10/2010 08:51

...ain't looking too well is he?

[thanksamillion] 24/9/2010 11:53

8.1% growth this year

[petemorr] 17/9/2010 05:18

Still here

[tenapen] 16/9/2010 18:38

:-)

ZIM Elections next year.

Fingers crossed for the right outcome.

[thanksamillion] 16/9/2010 10:52

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz