Zambeef Products Share Discussion Threads

[paul the octopus] 05/2/2015 18:57

directors speak for themselves too, the bought 6.5m shares of the seller

[paul the octopus] 04/2/2015 14:27

chart speaks volume, lets see what the market will do to the price

[grollfam] 03/2/2015 08:21

Why multibagger ?

book value was USD26.2 million , Zambeef acquired Zamanita for US$16.0 million in January 2008, & sold for USD25.7 million , not sure about the tax though...

[multibagger] 03/2/2015 07:31

My reading is that Cargill have had ZAM over a barrel in these negotiations....clearly a distress/fire sale in my book. Unfortunate for ZAM.

[dhickmott] 30/1/2015 19:51

Thanks for the reply Boonkoh. I must admit, I only did limited research into this stock and bought after the tip 'One for 2014' now looking at a 70% loss!

[boonkoh] 29/1/2015 23:29

Small cap shares always drift downwards when there's no information flow. Also lots of uncertainty on the macroeconomic factors of Zambia's economy and the new policies of the new president.

[dhickmott] 29/1/2015 20:37

What's going on with this stock!?

[paul the octopus] 01/1/2015 01:01

https://www.daily-mail.co.zm/#article/15818Zambia Daily MailKALONDE NYATI, LusakaZAMPALM, a subsidiary of Zambeef Products Plc, is soon expected to process its first palm into edible oils, a development that will cut down the importation of oil.The development is also expected to transform the outlook of Zambia's edible oil industry.Zambeef Products Plc joint chief executive officer Carl Irwin said in an interview that the company has since started erecting a mill that will crush the palm at the Mpika-based company.The over US$20 million investment becomes the first commercial palm project in Zambia, which will remove Zambia from being an importer of edible oil to a producer."Zampalm will in 2015 crush its first palm from the 2010 flagship plantation and the palm will become Zambia's first commercial project," he said.Mr Irwin, who, however, could not state how many tonnes of palm oil will be processed at initial stage, said the first crop will be harvested on 980 hectares with the next crop expected to be harvested on 1,300 hectares.In September, Zambeef chief executive officer Francis Grogan said the country is expected to save over US$50 million a year in foreign exchange expenditure once the company begins to process the commodity.Mr Irwin said the palm project is a long-term one with the company expected to generate profits after five years.

[paul the octopus] 30/12/2014 23:17

The PostZAMBEEF Products Plc next year plans to spend US$15 million to expand operations and boost exports.The company, Zambia's largest producer of beef products, said it wanted exports into the COMESA/SADC region to go beyond the US$30 million recorded in 2014."Our capital expenditure on expanding existing operations in 2015 will be around US$15 million," Carl Irwin, the joint chief executive officer, told journalists in Lusaka over the weekend.Irwin said Zambeef had long term plans to boost exports into the COMESA/SADC region."We see real growth in COMESA and SADC and we are not looking to try and compete with Europe or North America. Our long term goal is to try and be the main supplier into the SADC/COMESA region and we will focus on that," he said.Irwin said the company's exports into the COMESA/SADC region had been growing steadily from US$5 million in 2011 to US$30 million in 2014.The COMESA/SADC region accounts for around 10 per cent of Zambeef's total turnover, while the West African market accounts for about seven per cent, Irwin said, adding that, this was the more reason COMESA/SADC would remain the company's absolute focus going forward.The company is the largest integrated agribusinesses in Zambia, slaughtering more than 80,000 beef cattle and six million chickens, and processes eight million litres of milk per year.

[paul the octopus] 30/12/2014 22:54

https://www.daily-mail.co.zm/#article/15611Zambia Daily MailKALONDE NYATI, LusakaZAMBEEF Products Plc has earned US$30 million from exports to the southern African region this year.The Lusaka-based company exported to the Common Market for Eastern and Southern Africa (COMESA) and Southern African Development Community (SADC).Zambeef Products Plc, which is involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, dairy produce, eggs, edible oils, stock feed, flour and leather products, this year exported products worth US$30 million to the two regional economic blocs with the company expected to increase exports next year.Company joint chief executive officer Carl Irwin said in an interview on Friday that  exports have increased steadily from the US$5 million recorded in 2011 and the soon-to-be signed COMESA-SADC – Eastern and Southern African Community (EAC) free trade area will further stimulate the company's goal of expanding exports to the region."We want to create Zambia as key supplier of agricultural products in the COMESA and SADC markets by developing a strong value chains. We have fully positioned ourselves for the regional markets," Mr Irwin said.He said the regional markets remain key in the firm's growth strategy with COMESA and SADC accounting for about 10 percent of Zambeef's turnover while the Nigerian and Ghanaian markets account for about seven percent.In the last six years, the company has invested about US$150 million in the country's economy.He said Zambeef is next year anticipated to invest US$15 million as it continues to position itself as the largest integrated agri-businesses company in Zambia and the region.Mr Irwin also said the company has continued to contribute to Zambia's growth as demonstrated by taxes amounting to about US$18 million annually and the creation of about 5,800 jobs to date.

[paul the octopus] 23/12/2014 11:31

anyone reckon how much they can got from the disposal of Zamanita? i mean in estimated valuation terms

[paul the octopus] 16/12/2014 01:35

Edison research report is out today, they estimate the NAV per share as 53p, although once Zamanita is sold this will pay off big chunk of the debt.

[guernseymoney] 12/12/2014 11:09

Was also tipped in the last investors chronicle as a speculative BUY.

[paul the octopus] 12/12/2014 10:58

https://www.daily-mail.co.zm/?p=13881Japan to promote agro sector investmentKALONDE NYATI – ChisambaJAPAN has pledged to promote investment particularly in the agriculture sectorby wooing investors from that country to invest in Zambia to boost economicgrowth.Japanese ambassador to Zambia Kiyoshi Koinuma said the growth of Zambia'sagriculture sector is important in growing the local economy, hence the need toassist in wooing investors in that sector."Zambia's agriculture sector remains one of Japanese foreign direct investment(FDI) priority," he said in an interview after touring Zambeef Products Plcoperations on Tuesday.Mr Kiyoshi said Zambia's agriculture sector offers significant opportunities forJapanese investors."Zambeef is one of the success stories in the agriculture sector in Zambia andthe sector is one of the priorities for Japanese companies; that is the reason Icame here to visit Zambeef," he said.Mr Kiyoshi observed that many agricultural machinery companies from Japanwere previously operated in Zambia, but, are now non-existent although itpromotes Zambia as an investment destination of choice.He said boosting the agriculture sector will enable Zambia export more agro-based products in the region.Some Japanese investors are expected to visit Zambia in March next year toexplore investment opportunities particularly in the agriculture sector.Mr Kiyoshi said the investors will also visit Zambeef Products Plc.At the same occasion, Zambeef Products Plc chief executive officer FrancisGrogan said there is need for more companies to invest in Zambia."If the Japanese are interested in developing agribusiness in Zambia, there areenormous opportunities to produce food locally and to supply the region," hesaid.

[paul the octopus] 03/12/2014 15:16

loading up beef in the run for xmas...

[paul the octopus] 03/12/2014 15:15

Zambia ready for transition shocks – Zambeef

Posted in Business on November 25, 2014 by Online User
ZAMBEEF GROGAN MASTERPORK
ANGELA CHISHIMBA, Lusaka
ZAMBEEF Products Plc says Zambia’s macro-economic fundamentals are strong and can withstand shocks that might be experienced during the transition period.
“Zambia is a fortunate country because we have been very peaceful and therefore I am very confident of a peaceful transition. As for business, it is business as usual. We have very strong macro-economic fundamentals and that’s a great platform for our economy,” Zambeef joint chief executive officer Carl Irwin said.
Mr Irwin said Zambia is one of the fastest growing economies in the world.
“It’s an exciting time for Zambia, and there is no doubt that this country is one of the fastest growing economies in the world. In addition, it’s a country with a growing population with growing incomes,” he said.
Mr Irwin said being the largest food provider in the country, there are challenges for Zambeef to pick up and sustain the increased demand for its products.
He said Zambia is one of the few countries in southern Africa that are self-sufficient in most food products.
“This is something we can be proud of. As Zambeef, we will continue to contribute to the food security of this country,” said Mr Irwin.

hxxps://www.daily-mail.co.zm/?p=12158

[paul the octopus] 03/12/2014 15:13

Zambeef increases milk production

Posted in Agri-business on December 03, 2014 by Online User
ZAMBEEF GROGAN MASTERPORK
KELLY NJOMBO, Lusaka
ZAMBEEF Products Plc has increased its milk production capacity from last year’s 6 million litres to 6.5 million litres this year, despite a reduction in milk sourced from the small-scale dairy farmers.
Recently, the company told Government that it has a deficit of over 300,000 litres of milk per month because small-scale dairy farmers are unable to supply the commodity.
But according to the company’s latest annual report availed to the Daily Mail in Lusaka recently, the firm has increased the average daily yield per cow to 27 litres this year from about 21 litres last year.
The report says although the company is only able to process about 35,000 litres per day, it has the capacity to process over 100, 000 litres.
Commenting on the report, company quality control manager Musonda Sikazwe said, “Our dairy produced 6.5 million litres of milk this year, compared to six million last year, and milk sourced from the small-scale dairy sector increased significantly to about 2.4 million litres this year from about 952000 litres last year, despite having a reduction in milk sourced from small-scale farmers.
“Our milk processing capacity is about 130, 000 litres every day, but we are currently processing about 35,000 litres due to a shortfall of about 300,000 litres per month.”
Mr Sikazwe, however, said the new milk processing plant that was commissioned in November last year has increased daily milk processing capacity to about 65,000 litres, from about 25,000 and that it is currently running at 35,000 litres per day.
Mr Sikazwe said the new plant has allowed Zambeef Plc to target supply growth more aggressively and increase the number of value added products, which now include 40 product lines which earn better margins.
He said the division will continue to be a key focus area and continued growth is expected next year.

hxxps://www.daily-mail.co.zm/?p=12997

[paul the octopus] 03/12/2014 08:08

interesting days ahead

[paul the octopus] 03/12/2014 01:26

Zambeef Flags Openness To Tie-Ups, Asset DisposalsZambeef signalled its enthusiasm for tie-ups, and a willingness for asset sales, even as it revealed a recovery in its performance in the second half of its financial year, helped by a stable currency a strong Zambian wheat harvest.The Zambia-based soybean crusher-to-dairy group unveiled a pre-tax loss of $3.60m for the year to the end of September, compared with earnings of $4.11m a year before, on revenues down 6.9% at $279.5m.However, the decline into the red disguised a marked improvement in the April-to-June period, when Zambeef achieved a pre-tax profit of $2.7m - contrasting with the $6.3m loss in the first half of the financial year, reflecting dents from a slide in the kwacha, weak crop prices and an outbreak of African swine fever.While none of the group's animals contracted the disease, the outbreak effected Zambeef through restrictions imposed on animal movements into February, hitting profits at its pork operations.'Realising some value'Despite the improved performance, Zambeef hinted as its willingness for disposals, saying it was investigating ways of "realising some" of the value in its assets, after accounts last year revealed "significant capital gains".The valuation uplift "was a pleasing reflection of the investment we have made in recent years to establish Zambeef," Jacob Mwanza, the group's chairman, said."There is an opportunity for us to unlock some of this value into order to strengthen our financial position," Dr Mwanza said, flagging the potential for reducing the company's dollar-denominated debt, and cut exposure to exchange rate movements.He also noted the potential for joint ventures, after the formation last year of tie-ups with RCL Foods in poultry, a move which was allowing Zambeef to "leverage [RCL's] vast experience and impressive track record" in the industry.Market reactionThe potential for deals was viewed as positive by house broker Panmure Gordon, which restated a "buy" rating on Zambeef shares with a price target of 35p.The potential to "unlock value" from the group's $212m of net tangible assets ? equivalent to 56p per share - "could be a significantly accretive strategy", Panmure analyst Jeremy Grime said.He noted that Zambeef had $115m of net debt to reduce with any sale proceeds.However, VSA Capital took a more cautious view of Zambeef's prospects, noting that the group would not, as initially forecast, pay a dividend this year, and indeed had no target date for a payout."Improving markets should allow a recovery but this is likely to take some time," VSA Capital analyst Edward Hugo said."Consensus estimates points to a recovery to profit levels achieved in 2012 only in 2017."Zambeef shares, which are listed in London, closed unchanged at 12.875p.Second-half recoveryZambeef said that its cropping division, its biggest earner, had recovered from a disappointing first half performance to come in "ahead of expectations" for the April-to-September period, "with wheat prices slightly ahead of budget, and excellent yields".The division's gross profit for the full year fell 9.3% to $26.4m.The edible oils unit saw a slump of 42% to $11.1m in full-year gross profits, hurt by the use of high priced soybeans bought forward last year, although these supplies had not been exhausted, implying a "better 2015" for the division.In beef, full-year gross profits dropped by 7% to $18.2m, despite a 53% revival in the second-half of the period, compared with the first, helped by a campaign to promote domestic supplies."Zambeef's commitment to buying only Zambian beef has been well received and, with the increased focus being given to the beef division, as the largest contributor to cold chain food products, this division is expected to continue to grow in 2015," the group said.

[paul the octopus] 01/12/2014 22:01

Zambeef, Pep-Z To Sign MoUBy Kennedy MupeseniZAMBEEF Products will be signing a Memorandum of Understanding with the new United Kingdom (UK) government-funded Private Enterprise Programme - Zambia (PEP-Z) to reinforce market linkages for small-scale farmers and entrepreneurs across the country.Zambia's leading food processor is among the first anchor companies set to sign such the MoU with PEP-Z, which aims to build and strengthen the capacity of Zambian micro, small and medium enterprises (MSMEs) in the private sector to create jobs and contribute to economic diversification.In statement released at the weekend Zambeef chief executive officer Francis Grogan said Zambia's farmers had the capacity to feed the nation without the need for imports.Mr Grogan said contrary to reports, Zambeef was expanding its meat processing operations and had no intention of closing abattoirs or lay-off workers.PEP-Z business linkages manager Andrew Kambobe said the company was looking forward to working with a core of Zambia's best and most innovative companies to support the entrepreneurs who will become the conglomerates of the future.

[boonkoh] 26/11/2014 18:17

Whoa, don't take out your frustrations on me, Paul! I'm not the enemy here :)

[paul the octopus] 26/11/2014 16:55

brining the results forward is not a big of a deal, maybe a way to stop the share price going down when thing turnedaround in the 2nd halfand regarding the unrest, not sure how this would stop people eating beefis there unrest actually in Zambia? or is there a country that has no unrest nowadays? life keeps on boy.and btw, the 2 jv mentioned are outside Zambia, but i guess you might com back saying what about eboula.

[boonkoh] 26/11/2014 14:30

I'm still wondering why they brought the results forward. Nothing unusual. Maybe they just made a mistake with the original date? I think this share will stay low for a while. Potential political unrest in Zambia due to the jostling of power until elections. I need to work through all the numbers, variously quoted in ZMW and USD, to get a true picture. Certainly very positive statements from management in the results.