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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 0.0% 8.60 8.20 9.00 8.675 8.35 8.60 63,734 08:00:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 185.5 29.9 -1.6 - 21

Zambeef Products Share Discussion Threads

Showing 751 to 775 of 1000 messages
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DateSubjectAuthorDiscuss
04/11/2015
08:24
mm syndicate killing it, smells a big fat finger
paul the octopus
04/11/2015
08:23
not sure if they can buy now though, given what's they done before, they can easily take any quantity out of the market.
paul the octopus
04/11/2015
08:19
i wonder if the directors have timed well this RNS knowing seller is done ? they have proven quite shrewd in this way b4
value viper
04/11/2015
08:11
if 15.6% of revenue in USD which is $40m, which is 50% or more of the remaining debt, then exchange rate won't hurt much, most of their cost already in local currency, they are doing the right thing paying of the debt faster now
paul the octopus
04/11/2015
07:55
I interpreted that the rest of the revenue (84.5%) is Zambian Kwacha denominated. What are the assets ?
multibagger
04/11/2015
07:46
that rns took me by surprise, but it should help a lot, $40m USD = 15.5% of revenue, then full revenue = ???
paul the octopus
04/11/2015
07:33
thats gotta help
value viper
04/11/2015
07:14
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
multibagger
03/11/2015
22:56
Zambia's central bank has pushed up interest rates from 12.5% to 15.5% in an effort to curb soaring inflation. Consumer prices nearly doubled in October to 14.3% from 7.7% in September as Zambia's currency weakened sharply. Zambia's kwacha has halved in value against the dollar this year as lower copper prices have hit Africa's second-biggest producer of the metal. In October the country held a national day of prayer to try to counteract its economic crisis. The increase in Zambia's benchmark lending rate was the first by the southern African nation since November 2014. "In arriving at our decision the committee took into account the inflationary outturn. Keeping inflation expectations anchored in single digits is critical," central bank governor Denny Kalyalya said. The kwacha rose around 0.6% against the dollar following the announcement. Globally, copper prices hit a six-year low in August. Growth in demand for the metal has slowed as China looks to reposition its economy towards consumer-led growth and away from exports and investment. Zambia's kwacha has been hit in the past year, falling more than 50% against the dollar, and around the same against the pound. Food prices have soared in the country, and power shortages have also been triggered by low water-levels in Lake Kariba, where hydropower plants supply much of the country's electricity. BBCNews
aishah
03/11/2015
19:59
I see Zambia central bank has just raised interest rates which has seen kwacha rally small vs dollar It has halved in value vs dollar this year mindClearly Zambian economy he hit very hard times Looking at zambeef price says it allValuation very depressed but seems to be stabilising at 6p (for now) I believe we have another holding RNS at some point with the volumes high
value viper
03/11/2015
19:46
Viper, as I posted early on the day @zOctopuz this share is very hectic to watch atm, and L2 is even more pointless, it is under the mercy of the broker and mm syndicate.Given that Investec are out at 5p, and there were loads of buys around 6p, then the 5p-6p range should work as a strong support till the results rns on 25/11.trading it before from 10p to 15p, it feels like mm walk it down before a good rns, and walked it up before a bad one, just look at 2015 rns's and price actions.with current mcap of £15m while £20m received from selling a subsidiary back in June to pay debt, it shows how undervalued it is, but it won't stop the price from being walked down with mr dumper help.talking it off my watch list, and building a stake at very 1p drop started at 6.5p ends at 0.5p and expires on 25/11 should be a sound planlooking forward to see directors loading once closed period ends
paul the octopus
03/11/2015
18:52
Vv: you're assuming those are buys. That's just based on the price vs spread, which is very wide atm and not a good indicator of buy/sell. Those could easily have been sell trades...
boonkoh
03/11/2015
11:19
amazing shenanigans continuing - loadsa buys yet stock doesnt move appears still stock being sold somewhere ?
value viper
03/11/2015
09:29
that's what I'm talking about, more games more fun
paul the octopus
02/11/2015
18:00
the 1,752,000 at 6.3p is from the 29th, so it is a buy, it follows the exact buy trade with exact size at 6.2p which ticked it up.I think it was all about 10,000,000 they offloaded at 5p, and the big chunky 900k and 1.7m are more likely to be buys given the context.Now it is a time game awaiting the results, so tell then it up to mm games than seller dumpingif everything bad is already factored in then it will pop up on any positive news, the last update was really a mixed bag so anything can happen
paul the octopus
02/11/2015
17:30
and further prints @ 6.3 and 6.25p - Investec now out ? wait and c
value viper
02/11/2015
16:44
300k sale - Investec dumping last few is my guess
value viper
01/11/2015
19:00
hhmm....let's see if we get another RNS saying who has bought (more) then. interesting.
value viper
01/11/2015
15:40
actually the 900k at 5.5p on 27 now looks like a buy
paul the octopus
01/11/2015
12:30
given the 10mil they dumped at 5, and looking back t the trades on the day, now the multiple 900k @ 5.875 where actually buys, followed by more chunky buys the next day, like the 900k at 6.95surprised how quite Friday was, but the 120k at 6.65 was a nice buy just 3 mins before close.
paul the octopus
31/10/2015
13:05
Investec (didn't clock them) appear thus to have sold 10 million shares leaving them with an indirect (?) 2.7% exposure : were these the guys who have just dumped in the market then ? assume so......
value viper
29/10/2015
18:07
looking at the holders list its more likely to be M&G which holds 44 million as of 31/07/2015, reference www.morningstar.com
paul the octopus
29/10/2015
18:07
M % G have 17.79 % , they could possibly have reduced the stock clicked up today and could be moving back up now (NRI)
value viper
29/10/2015
18:05
the National Pension Scheme Authority holds 10.07 % ? (or did) my money is on them........................ that said, SSB Emerging Mkts Funds hold 9.93 % could be them
value viper
29/10/2015
18:01
so in money terms that's roughly £1.5million offloaded, that's about 10% of £15million mcapwho got that holding?
paul the octopus
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