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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.75 | 5.50 | 6.00 | 5.75 | 5.75 | 5.75 | 556 | 07:32:53 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Poultry & Poultry Prods-whsl | 6.2B | 118.61M | 0.3946 | 0.15 | 17.28M |
Date | Subject | Author | Discuss |
---|---|---|---|
13/8/2013 18:34 | Two of the 'headwinds' that ZAM have been facing are maybe now starting to ease !!. 1; Cargill to buy 80,000 tonnes of maize 2; Kwacha posts significant gains hxxp://ukzambians.co Just the Tax issue to be resolved and the impact from the contaminated Offal to be counted. I wonder if Zambeef can claim damages from the British company that suppied the offal ?. | tenapen | |
12/8/2013 21:37 | The level of vertical integration (both upstream and downstream ) is quite staggering...may be we will hear of a fertilizer / bone meal and chicken pellet plant in the not too distant future :) | multibagger | |
11/8/2013 11:19 | Its why i like ZAM so much ! hxxp://ukzambians.co Zambeef Products' Zamleather division unveils Zambia's first locally designed and manufactured football boots Zambeef Product's Zamshu brand has launched a new model of football boot, the first to be locally designed and manufactured in Zambia Cont... | tenapen | |
11/8/2013 10:16 | And then we only have the TAX issue to be resolved !. Hae Ho. Good Luck to you's, Multibagger and Peartree. | tenapen | |
11/8/2013 08:18 | Thanks tenapen. We should have the outcome of the appeal known in the next 6 weeks or so and it appears that ZAM has been given "political reprieve" at the moment....so hopefully onwards and upwards. | multibagger | |
10/8/2013 20:35 | Zambia: Zambeef Meat Contagion From Source - - Kasonde GOVERNMENT has established that the contamination of Zambeef meat products was from the source in the United Kingdom where the food was imported from Cont... | tenapen | |
30/7/2013 07:10 | Thanks peartree.... | multibagger | |
28/7/2013 19:35 | From IC this week.....It seems to sum up the topsy-turvy ride that Africa offers investors. No sooner are the City's analysts - and its financial journalists - piling praise on Zambia-based foods processor Zambeef (ZAM) than the company serves up a profits warning. Granted, there is some irony that importing contaminated beef from the developed world - quite possibly from the UK - is a factor that forces a developing-world star into this admission. But stock markets don't do irony. Where there is failure, they punish. And Zambeef's shares have been duly chastised. At 42p, they now cower 30 per cent below their 2013 high.More to the point, Zambeef's rating is down to about 12 times earnings, assuming a limited hit to profits for the year ended September caused by the contaminated beef and, more importantly, selling surplus wheat at lower-than-expected prices. And that rating makes a stark and inviting contrast with shares in similar consumer companies that are listed on Africa's stock markets and other exchanges in the developing world.For example, on Nigeria's Lagos stock exchange there are locally-listed subsidiaries of developed-world giants. Shares in Nestlé Nigeria trade on 19 times earnings; in GlaxoSmithKline Consumer Nigeria the rating is 18 times; in Guinness Nigeria it is 29 times; and in Unilever Nigeria it is 43 times. Further afield, shares in Nestlé's Sri Lankan subsidiary trade on 30 times earnings and in Hindustan Unilever the rating is 39 times.True, these subsidiaries have a pedigree that Zambeef can't match. For example, Unilever (ULVR) - via its Brooke Bond subsidiary - traces its links to India back to 1900. More relevant, Hindustan Lever was founded in 1931 and got its listing on the Bombay Stock Exchange in 1956. Guinness - now owned by Diageo (DGE) - has been brewed in Nigeria since 1963 and the Nigerian subsidiary was listed in the Lagos exchange in 1965. By contrast, Zambeef was founded by its chief executive, Francis Grogan, in 1994, got its listing on Zambia's Lusaka exchange in 2003 and a quotation on London's Alternative Investment Market in 2011.In addition to being so deeply embedded into the fabric of the places where they operate, these mini Unilevers, Nestlés and whatever get a turbo charge to their rating by having such strong links to the bluest of the developed world's blue-chips. Currently that even gets a special booster because the blue-chips are sought out as safe havens in times of global turmoil. Yet the presumption of global recovery would undermine that particular support. Meanwhile, it could be eroded by what's happening to GlaxoSmithKline (GSK) in China, where the pharma giant is being investigated for allegedly bribing customers. At least it's easy to frame the thought that, if Glaxo's Chinese operations can be dragged into a corruption scandal, then why should any part-owned subsidiaries of blue-chips be better at resisting the endemic graft that afflicts the developing world? That's code for saying 'they are all at it', which, almost by definition, would include Zambeef; except, of course, Zambeef's shares don't have the exalted rating to lose.Being takeover targets is the final factor boosting the rating of the mini blue-chips. In India, Unilever has just spent £2.1bn increasing its holding in its subsidiary from 52 per cent to 67 per cent and GSK spent £568m raising its stake in its consumer healthcare business to 73 per cent. GSK also wanted to raise its holding in its Nigerian consumer arm to 80 per cent. However, that scheme has been withdrawn partly because Glaxo's offer was too mean, but also because it looked badly thought out - GSK wants to raise its holding in a subsidiary whose key role is to distribute brands such as Lucozade and Ribena, while simultaneously it wants to sell its global interests in those brands - confusing or what?No confusion with Zambeef, however. Unlike the listed subsidiaries of blue-chips - where there is only one predator that can't buy all the shares anyway - Zambeef can be taken over lock, stock and barrel by anyone. The directors control just 12 per cent of the equity and 'significant' shareholders - assorted emerging market funds - another 38 per cent.True, Zambeef has not yet managed to turn growth into consistent profits. This year cash profits - what's labelled 'Ebitda' - will probably be little changed from the $16.2m that Zambeef generated in 2007-08. Still, in that period the group has almost tripled revenues in local currency (and almost doubled it in dollars to $255m). And the company offers an ideal exposure to the fast-growing middle classes of Zambia, but also of Nigeria - sub-Saharan Africa's second-biggest economy - and Ghana.Its vertically-integrate | peartreegardens | |
26/7/2013 07:00 | Appears that a line has been drawn under this saga and "interests" have been appeased. Hopefully the share price will be back on course.... Article from the Daily Mail, Zambia Zambeef products safe, good July 26, 2013 ZAMBEEF is one of the most successful companies in Zambia and has expanded to West Africa, where it has subsidiaries in Nigeria and Ghana. It is one of the largest employers in the agriculture sector with about 5,500 permanent employees other than the jobs created as a result of its business. The issue of questionable beef products imported from Ireland, the United Kingdom and the USA has been hounding the company for the past one month and we hope this can now be behind us. We say so because yesterday the company laid to rest fears that some of its imported beef products contained a chemical that could cause disease. But it is important to note that the preservative that was found in imported meat products is widely used as a preservative in many other foods. The issue should be put to rest because yesterday the company burnt all imported beef products after removing them from circulation with an assurance that the firm will only deal in local beef products. Ministry of Health director of technical support services Kamoto Mbewe and Zambeef board chairperson Jacob Mwanza set ablaze to the meat at Huntley farm in Chisamba as an assurance to customers that the firm is now only dealing in local beef products. The Zambia National Farmers Union (ZNFU) and the Ministry of Health witnessed the burning of the meat products and customers must therefore be assured that Zambeef products are safe and sound without any unauthorised preservatives. It is a good development that Zambeef has adhered to the law to assure customers that there are no strange preservatives in the firm's products. As board chairman Dr Jacob Mwanza has noted, management decided to dispose of all its imported beef products in consultation with the Ministry of Health, to give people a 100 percent commitment that from now onwards, the company will only provide meat that is locally produced in all outlets throughout the country. We support the firm's decision, which has been welcomed by the government and the ZNFU since this will allay any suspicions that there are unauthorised preservatives in beef products. That is why we entirely agree with ZNFU president Jervis Zimba who congratulated Zambeef for taking a bold decision to voluntarily destroy all imported beef products. We also agree with Mr Zimba that "What has happened in the last one month must be put behind us. I would like to appeal to Zambian customers to trust Zambeef as the beef and meat products currently in retail shops are 100 per cent local." This is also our message to Zambeef customers that they should trust the company because it has stopped importing any beef products and the meet products currently in circulation are all from local suppliers. This firm should not be demonised considering that it is one of the rare success stories in sub-Saharan Africa and has a dual listing on the Alternative Investment Market and the Lusaka Stock Exchange. It also supports thousands of peasant farmers from who it buys cattle which ensures that the small-scale farmers have an income to support families and send their children to school. It is, therefore, important that we put the issue behind us and let the company do what it is good at doing; which is feeding the nation and supporting peasant farmers apart from contributing to the national Treasury and creating thousands of jobs. | multibagger | |
20/7/2013 18:22 | Sorry for being a ...... ! Awise. Nothing new in the RNS but ZAM is a hold at best. With all of this bad news about i think we have more chance of having the Divi re-introduced ! it would bring a little bit of stability to the share price and confidence for shareholders. Happy to keep holding for the long term. | tenapen | |
20/7/2013 10:15 | Fair enough, I hadn't realised the market already had an idea about the contamination, thanks | awise355 | |
19/7/2013 17:52 | awise, your calling 30p on that up-date ? classic :) No reason for the fall IMO. The Sp had fallen already on the contaminated (!) beef news to take into account the negative public reaction. The price of wheat as been falling along with most other soft commodities for some time now, as traders jumped back into a rising $$$$ / DOW, so again nothing new. You can track all soft commodities prices on hxxp://www.agrimoney A bit of a shock today for any SHARES magazine readers who bought on what was writen this week. | tenapen | |
19/7/2013 09:00 | Doesn't sound great but might create a buying opp around the 30p mark... | awise355 | |
19/7/2013 08:44 | Thats a very poor update. | the count of monte_cristo | |
18/7/2013 19:28 | ZAM reiterated as a buy in latest issue of Shares... | multibagger | |
09/7/2013 06:26 | Ditto, Valhamos. | tenapen | |
08/7/2013 20:50 | Thanks tenapen for the updates. I'm still in here though disappointed with the last results because of the currency movements. There is still a good story here despite the best efforts of some in Zambia to discredit the company. A real test for the Zambian government as well. | valhamos | |
08/7/2013 19:38 | hxxp://allafrica.com Zambia: Zambeef Vindicated After Smear Campaign By George Mwenya, 8 July 2013 Cont... -------------------- hxxp://www.daily-mai IMF thumbs up Zambeef July 8, 2013 Cont... | tenapen | |
06/7/2013 18:21 | hxxp://allafrica.com Zambia: Britain Refutes Toxic Substance in Zambeef Products By George Mwenya, 5 July 2013 Britain has refuted claims by the Patriotic Front government that they have been exporting toxic meat products to Zambia through Zambeef. A smear campaign launched by the PF aligned Post Newspaper was launched recently suggesting Zambeef used chemicals to embalm dead bodies as preservatives. Cont... | tenapen | |
02/7/2013 15:30 | Tried calling 00260 211 369000 - no one available to take the call, including operator with message that "post box is full....try again later". | multibagger | |
02/7/2013 07:18 | No worries tenapen. I am still holding and shall try and speak to Grogan, if he takes my call. I guess he must be feeling quite isolated at this time and I think he is a genuine guy - so he may appreciate some words of support. Unfounded attacks on a person's integrity is one of the most difficult things to deal with. | multibagger | |
01/7/2013 19:31 | Sorry for not flagging this news earlier, Multibagger. I did not beleave the story from the outset and the market in Lusaka did not react so i kept an eye on it waiting for an RNS from ZAM (still waiting). Only when we had two 500k sales on the AIM market did i sell my third. I think their beef sales only account for 13% of their overall turnover so it is not such apanic but a close eye will have to be kept on the Zambian goverment statements from here on. fingers crossed. | tenapen | |
01/7/2013 06:46 | Gosh ! I did not know about this allegation till you raised here Tenapen. On googling, it sounds like this is a smear campaign that may portend more malicious acts. I do hope that we do not see a repeat of what has happened in Zimbabwe by politically orchestrated extortion and worse. It would indeed be a sad day for Zambia. It is neigh impossible for a company to fight a government if that is what they intend to do. If Grogan is arrested/ taken into custody, then this would be strong signal of things to come. Killing the golden goose has happened before. I wonder if the tax dispute is also part of this conspiracy... ZAM does not appear to have released any statement so far that has been reported here. The market already appears to have factored this into the share price and reacted downwards - there may be further to go, I fear. I invested in ZAM as it was located in Zambia which as far I knew was one of the more politically stable countries in Africa. Having watched the Youtube presentation by Grogan late last year, I felt that he felt genuinely proud of Zambia and identified closely with the country. I personally feel that ZAM is "innocent" and this is yet another smear campaign. Good luck all | multibagger | |
30/6/2013 19:30 | Thanks for the pointer, Multibagger. ZAM as become a loose loose for me. If Zambeef have been treating thier imported offal with aromatic aldehydes (Embalming-Fluid) then they should face the full rath of the law. But if it is a smear campaigne with President SATA in the background, then that would be more dangerous, imo. Zambia borbers Zimbabwe and Sata is a big fan of Mugabe and we all know what Mugabe did for white farmers and is now doing to large companies in Zinbabwe, ie taking 51% of their company to give to the working class Zimbabweians, (indigenisation). When Mugabe visited Zambeef last year it crossed my mind what the conversation would be later with Sata !. I sold 30% of my holding and will probably sit on the rest on a 'money i can afford to loose' basis. good luck. | tenapen |
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