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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% 7.75 7.50 8.00 7.75 7.75 7.75 0.00 07:38:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 207.1 2.6 0.4 19.7 19

Zambeef Products Share Discussion Threads

Showing 776 to 799 of 1000 messages
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DateSubjectAuthorDiscuss
03/12/2015
11:51
ZAK Mir's bull call of the day: Zambeef Products (ZAM): Sharp Bear Trap Reversal Shares of Zambia of products have been on the radar as a potential recovery situation for the best part of two months, but it would appear that in the wake of a final November bear trap rebound towards the 5p level we have finally seen some traction achieved by the bargain hunters. Indeed, the current charting figuration shows how we are knocking on the door of the 50 day moving average at 7.88p. The ideal scenario now is that we see a weekly close above this feature ahead of a move over the following 1 to 2 months as high as the 12p level. This would be just above the 200 day moving average at 11.75p, which is expected to be hit even if the shares then revert to the post 2014 breakdown that we have become accustomed to. Only cautious traders would wait on a clearance of the 50 day line as a momentum trigger before going long. - See more at: hxxp://www.shareprophets.com
aishah
02/12/2015
10:39
ZMW gained around 30% vs USD over last couple of weekshttp://www.bloomberg.com/quote/USDZMW:CUR
paul the octopus
27/11/2015
16:15
Http://uk.advfn.com/stock-market/london/glencore-GLEN/share-news/Zambia-Unveils-Austerity-Measures/69501706 KAMPALA Uganda—Mineral-rich Zambia has announced a program of austerity measures to try to close a gaping budget deficit and restore confidence in southern Africa's third-largest economy Cont...
tenapen
26/11/2015
09:45
got steaks in both beefy and looking to keep filling my plate, like it well done@zOctopuz on twitter
paul the octopus
25/11/2015
20:17
Funny you should mention AGTA as ZAM indicated tete province as a new area to drive into and that's AGTA's main area. Potential ZAM could buy AGTA? AGTA's cocoa and palm area in sierra leone would be complimentary and they would have ready made distribution network and pick it up on the cheap.
cyfran101
25/11/2015
11:30
yes , i am expecting director deals - gotta be
value viper
25/11/2015
10:21
results out, best thing to do is to read it 5 times, 3 times without the exchange rate effects and 2 times with, then you should find your answer.would like to see the directors buying big between 5-7p as they did early on the year when they put up ~£650k in aggregate, take that as a confirmation.another African agricultural play to look at is AGTA, results out last Friday and trading contract for 500Mt coca.
paul the octopus
12/11/2015
20:59
Kwacha surges in best day in 2 decades; Google Zambia news....
value viper
11/11/2015
21:58
Zambia has called in the IMF for potential assistance with the plunging kwacha.It seems they have resisted wanting such interventions , say having to owe more money (on top of existing debt interest) but maybe needs must now due to their many economic strains : power probs, commodity price slumps, govt debt level havoc cause of hammered kwacha etc etc
value viper
06/11/2015
04:24
The tax issue is excellent news, The big seller is gone, the price can now converge back to the onshore price of 15p , its not without risk but I dont think they will have problems with this usd debt as long as the business can produce free cashflow they will be fine CIC is busy buying assets like this at full prices ...
catsick
05/11/2015
06:28
HTTP://www.agrimoney.com/news/zambeef-shares-revive-as-debt-cutting-drive-bears-fruit--8973.html Nothing new but wider notice
jhan66
04/11/2015
17:23
Resolution of Zamanita Tax Assessment. "Following the success of the Appeal, the provision which has been held in the Group's accounts since the Assessment, of ZMW 49.15 million was made, will now be released. Zambeef expects to receive a full written judgement in due course."
valhamos
04/11/2015
12:08
check out the @zOctopuz on twitter, 55% of debt in USD which equates to ~= $37m vs $40m revenue in USD, so currency devaluation is not much of a risk now, more importantly the revenue growth keeps going- 15.6% of rev = $40m, now go figure the rest- a subsidiary sold for $30m back in June to pay debt, go figure what the value of existing assets enough said for now, momentum turning and selling drying up, let's see it back to 10p before 25/11, at least it was just 12p after last update so 10p is doable
paul the octopus
04/11/2015
10:58
Interesting update. More positive than I expected given recent events. Panmure retain BUY and 25p target.
aishah
04/11/2015
10:35
interesting and informative post cat. I had wondered why we hadn't seen the Lusaka line move (down) in price. assumed it was just fx killing the London price
value viper
04/11/2015
10:01
I bought into this today after going through recent events, The situation here is similar to the situation cresud in argentina has faced for a long time with dollar debt and a quickly unravelling currency, however they cope with it . The farms are really dollar assets , most large farms will attract global buyers , the dollar value of these will not be impacted by the ccy movements, if anything it pushes costs lower while producing a globally traded product, the stores are a much more domestic affair so they will be impacted but long term its a real businessAnother interesring point is this huge selling by investec all of which is in London has caused a big difference in the price of the local shares which are still at 15p equiv ! I would say the local market has a better understanding of what is going on ....
catsick
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
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