Share Name Share Symbol Market Type Share ISIN Share Description
Zambeef Products Plc LSE:ZAM London Ordinary Share ZM0000000201 ORD ZMW0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 7.375 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
7.00 7.75 7.375 7.375 7.375
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 207.06 2.55 0.40 19.6 18
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 7.375 GBX

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Date Time Title Posts
29/5/202012:35Zambeef 2016 : a tasty bullish play ?188
24/3/201612:32ZAMBEEF ::: 1 of 13 for 2013 says Panmure Gordon552
08/1/201313:38ZAMBEEF ::::::::::::::::: A steak in developing Africa220

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Zambeef Products Daily Update: Zambeef Products Plc is listed in the Food Producers sector of the London Stock Exchange with ticker ZAM. The last closing price for Zambeef Products was 7.38p.
Zambeef Products Plc has a 4 week average price of 7.13p and a 12 week average price of 6.88p.
The 1 year high share price is 8.05p while the 1 year low share price is currently 4.04p.
There are currently 247,978,195 shares in issue and the average daily traded volume is 27,708 shares. The market capitalisation of Zambeef Products Plc is £18,288,391.88.
cjohn: Hello pre and Value Viper. There are about 300m ordinary shares in issue. There are also about 100m preference shares in issue. These preference shares were sold to CDC, the UK development finance institution, in July 2016, for a total consideration of $55.5m. They accrue 12% annual compound interest should Zambeef CHOOSE to redeem the shares. Meanwhile, they receive the same dividend as the ordinary shares - currently, zero. They are convertible by CDC into ordinary shares at a rate of 1 to 1 until July 2024. Thereafter they are convertible at a rate of just over 3 to 1, 3 ordinaries for every preference share. So let's say, Zambeef choose not to or can't raise the cash to redeem the shares before the 2024 cut-off date. At that point, CDC will convert the shares which will give them 50% of the company. CDC are already a major shareholder here. They hold about 17% of the company (arranged simultaneously with the preference shares in July 2016.) So post-July 2024, CDC will hold 58.5% + of the expanded ordinary share capital, if the preference shares aren't redeemed. Some time ago, Zam expressed the intention of prioritising redeeming the preference shares. This has not happened. To redeem the shares currently, they'd need to raise around $82.5m! My belief is that they are highly unlikely to raise this money. (Nor would it be a sensible use of cash, unless they can take on a new loan at very favourable interest rates.) So it's likely that CDC convert in summer 2024. This will double the number of ordinary shares (and eliminate the preference shares.) and so half the share of all other shareholders. It could also serve as a catalyst for outing value…. So irrespective of the preference shares, I believe the current share price is too low. I have a very small position here - a few thousand pounds. But I think the risk/ reward profile is attractive.
smackeraim: Interesting. Can you tell me which section in the agreement states that? I can't seem to see it. Only thing I can find is this below, that states the pref shares can convert to 3 ord shares if they have been held for over 8 years. Other than that.. I must have missed it. a) if the Preference Shares are being converted before the eighth anniversary of Completion, each Preference Share shall convert into one Ordinary Share; or b) if the Preference Shares are being converted after the eighth anniversary of Completion, each Preference Share shall convert into 3.0833 (recurring) Ordinary Shares (rounded down to nearest whole number of Ordinary Shares).
newtothisgame3: #Zambeef #Products PLC (LON:#ZAM), which had its share price chopped by 9.6% to 9.8p after its profits for 2019 were predicted to be over a third lower than the market expected.
cjohn: So foot and mouth will have a one-off impact on one part of the business. The dairy business accounts for around $14m out of ZAM's total $200m turnover. It's pushed the share price down 10%, but there is clear value on asset and trading grounds at this bargain level. Trading at around 0.16 PTBV.
catsick: Actually not so terrible, selling a non income producing business for half the market cap and close to book while the shares are at a big discount to book is bearable, the growth part if the business is doing well and poor crop prices are creating a short term problem ... given the current share price I dont think its that bad ....
aleman: tenapen - a company disappointing the market within a year of listing? Quelle surprise! That's why it's best to buy later when the price has fallen a lot. The company has grown a lot since then and the share price has fallen 3/4. The problem is working out the value of that growth through all the currency variation and some equity dulution. Therein lies the challenge.
valhamos: Paul Given the existence of the RCL put option and the effect of events over the last few years (tax dispute, disagreement with Zambian government of beef quality, and forex impact of USD debt) on the share price I don't think Zambeef had much choice. I agree that in essence the convertible is a 12% loan for a minimum of 3 years with interest rolled up with with CDC getting the benefit of any upside should the share price increase beyond where it was a while back. Also bear in mind that the cost of debt in 2015 was 11.7% anyway. And as CDC do not have the right to receive cash (interest, dividend or repayment) then from an accounting perspective I do not think the convertible will be accounted for as a debt. So Zambeef will be largely debt free and if it can consistently produce EBITDA at the level it did in the interims ($15m for 6 months) then it should not have any problems redeeming the convertibles before year 8.
catsick: No the pref shares are sold at 55 cents , if the share price is below 18 cents in the 8 year end preiod they get the shares at 3 per pref which is 13.5 p , if the shares are up at 1 quid they convert at 1 share per pref = 41p so they are selling these shares somewhere between 13.5p and 41p depending on where the shares end up, in the interim they get the same divs , and we have no debt and no interest to pay, awesome deal
multibagger: Good to hear of USD debt reduction and prioritisation of this area and also trading update....the market is in an unforgiving mood towards ZAM and this update sadly may not be adequate to stem the share price drift at this time. RNS Number : 4551E Zambeef Products PLC 04 November 2015 4 November 2015 Zambeef Products plc ("Zambeef" or the "Group") Further re Year End Trading Update and Update on US Dollar debt position Zambeef (AIM: ZAM), the fully integrated agribusiness with operations in Zambia, Nigeria and Ghana, is pleased to provide a further update on its performance for the year ended 30 September 2015 ("FY14/15"). An update on the Group's US Dollar ("USD") debt position is also included in light of the recent macro-economic challenges facing many African countries, including Zambia, and the recent volatility of Zambeef's share price on AIM. This update follows the announcement made by the Group on 30 September 2015. The FY14/15 audited results are expected to be announced on 25 November 2015. In pursuit of the strategic priority to reduce its net debt position, as set out in the 2014 annual statement, Zambeef is pleased to report significant progress. Net debt at 30 September 2015, stated in USD, was USD74.7m, a reduction of USD 43.3m from the USD 118.0m as at 30 September 2014. Debt reduction continues to be a major strategic priority. During the year, the Group has been actively working at converting its USD denominated debt to Zambian Kwacha (ZMW). Whilst USD debt carries a significantly lower interest cost than ZMW debt, it carries with it significant risks from exchange rate movements - during this financial year, the ZMW has approximately halved in value against the USD (depreciating from approximately ZMW6.27 to ZMW12.02 per USD). At 30 September 2014, 71 per cent of Group debt was in USD. At 30 September 2015, this had reduced to 65 per cent and, since the year end, this has reduced further to approximately 55 per cent. The Group continues to look at ways of reducing exposure to the US dollar even further in order to mitigate future earnings volatility arising from exchange rate fluctuations, whilst also seeking to preserve the most efficient capital structure. By way of update to Zambeef's 30 September 2015 announcement, Group USD revenue (unaudited) invoiced in USD was USD39.7m representing approximately 15.5 per cent of total Group revenue. Zambeef continues to increase the range of products it exports into the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA) regions and expects this USD revenue to continue to grow during the coming year. As previously notified, we expect that FY14/15 operating profits and cash generated from operations will be ahead of market expectations while adjusted profit before tax will be in line with market expectations, despite absorbing significant realised losses from repaying US Dollar debt and converting US Dollar debt to ZMW. In the first month of the current financial year it is encouraging to see continued robust demand in our core markets (retailing of cold chain meat and dairy products). As a result, we continue to expect growth in revenues and profits in ZMW terms in the current financial year. For further information, please contact: Zambeef Products plc Tel: +260 (0) 211 369003 Carl Irwin, Joint Chief Executive Officer Francis Grogan, Joint Chief Executive Officer
tenapen: Speculation Grows on Zambia Leadership Mulenga Sata (file photo): Rumours of President Michael Sata's failing health has given rise to speculation on the leadership of the country, including that one of Sata's sons may run for president. ----------- Pres Sata as not been good for the ZAM share price, but sad to read he is ill.
Zambeef Products share price data is direct from the London Stock Exchange
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