Zambeef Products Share Discussion Threads

[pre] 06/12/2019 18:58

farm sale for $10m, current mkt cap circ. £14m, 77% rise in eps and significant growth and most recent director buys at 10.5p, agree mkt cap way too low. Think many missed rns and probably will have missed the after mkt close egm rns too. Monday should be interesting:-)

[value viper] 06/12/2019 18:41

It's odd price didn't really move todayMaybe despite what they have said, the dire FX situ lessens the net effect to the co or something ?The farm sale whilst good news for realising cash was already in the public domain .... even if it's positive that it will be official soon.At face value, I think market cap way too low but are we missing something here ?I aware of boat loads of pref shares out there ?Asset value of all their farms should be material for starters I think.

[pre] 06/12/2019 18:33

well nice surprise rns after the bell...EGM to sanction £10m farm sale due early in new year....don't forget directors paid alot more (10.5p in feb 19) and eps is a whopping 73% higher and achieved significant grwoth...pretty certain this one has been missed off the radar.

[value viper] 06/12/2019 18:26

Sorry what ??This is Zambeef thread.

[costax1654x] 06/12/2019 15:53

If any of you interested in Mining, EMH is the only serious Lithium mining project on AIM,CEZ(billions company),subscribe for 51 % of the project paying Emh 29 millions (more than Emh mcap)!Mine is next to Germany!Expecting a very big rerate there!

[pre] 06/12/2019 13:19

Zambeef achieved significant growth...not even priced in!

[pre] 06/12/2019 13:17

rns out...anyone seen this, blimey that's excellent performance: '.. Earnings per Share for the financial year ended 30th September 2019 is expected to be approximately 73% higher (in Kwacha terms) than the corresponding period last year for the Group...'

[value viper] 05/12/2019 14:09

Decent bid for the stock currentlyCan't buy any

[value viper] 21/11/2019 21:33

hopefully nothing to worry about by delaying the results a smidgen i have just counted 9 NEDS at the company ?? any thoughts cat ?

[value viper] 12/11/2019 10:28

Results due on 22nd

[value viper] 15/10/2019 12:45

Think they could use a bit of company promotion

[catsick] 02/10/2019 12:55

Yes very nice

[value viper] 02/10/2019 12:28

Nice updateChart turning

[catsick] 18/9/2019 08:10

Maybe it does go to 1p but the assets of the company are worth a lot, its the largest company in the country and the currency is not of a major concern if the farms can be sold for usd as can the produce, if you are going look at emerging markets its a risk you have to deal with

[fmscw] 18/9/2019 07:55

the "Redemption Price" definition under the DEFINITIONS section at the end of your document. Obviously the doc is written in such a way to make it difficult to understand!

[catsick] 18/9/2019 07:34

Im probably an idiot but I am buying more down here, at 5p these are crazy cheap given the underlying assets, the farms are now validated as probably worth 100m usd and then they have 200+ shops and a host of other businesses, at some point they will put 2 solid years together and we will be at 50p+ I can wait ....

[profit7] 17/9/2019 18:03

Should rise on every trade tomorrow, since sellers out

[profit7] 17/9/2019 17:50

Sellers out!!! Large print after hours

[smackeraim] 17/9/2019 15:40

Not saying you're wrong! I'm probably being blind! ;-)

[smackeraim] 17/9/2019 15:38

Interesting. Can you tell me which section in the agreement states that? I can't seem to see it. https://uk.advfn.com/stock-market/london/zambeef-products-ZAM/share-news/Zambeef-Products-PLC-Investment-Agreement-with-CDC/72134505 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).

[fmscw] 17/9/2019 15:14

$55.5m of Convertible Redeemable Pref Shares. Accrues at 12% p.a. until paid off or converted. Its basically debt but you can't see it.

[smackeraim] 17/9/2019 13:12

From the CDC deal?

[fmscw] 17/9/2019 12:50

pref shares have been accruing at 12% for the last 3 years. watch out.