Zambeef Products Share Discussion Threads

[fmscw] 18/9/2019 08:55

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 08:34

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 19:03

Should rise on every trade tomorrow, since sellers out

[profit7] 17/9/2019 18:50

Sellers out!!!
Large print after hours

[smackeraim] 17/9/2019 16:40

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

[smackeraim] 17/9/2019 16:38

Interesting. Can you tell me which section in the agreement states that? I can't seem to see it.



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 16:14

$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 14:12

From the CDC deal?

[fmscw] 17/9/2019 13:50

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

[smackeraim] 17/9/2019 13:27

Director was buying in February at 10p and year before at 12.4p

[smackeraim] 17/9/2019 13:15

Decent balance sheet also tbh..

[mcrudden] 17/9/2019 13:03

Very big chunk of cash lovely.

[smackeraim] 17/9/2019 12:38

Pretty big chunk of cash compared to market cap.

[catsick] 17/9/2019 12:07

Sale of the farm which represents less than 2pct of ebitda or revenue for about 2/3 of the market cap seems decent enough!Also validated the valuation of the much larger other farms in the estate, some day this will come good and trade over 50p , just may take a good few years......

[newtothisgame3] 30/3/2019 20:39

#Zambeef #Products PLC (LON:#ZAM), which had its share price chopped by 9.6% to 9.8p after its profits for 2019 were predicted to be over a third lower than the market expected.

[pugugly] 12/2/2019 07:14

resignation of Mr. Craig Harris as Chief Financial Officer of Zambeef Products PLC and all Group Companies, with immediate effect.
Hummmmm - Whats up??


Should be good for a mark down this morning,

[catsick] 04/2/2019 22:36

Director sales but interesting to see he sold them at 3 zmw on the local market which is equivalent to 19p so an 80 percent premium to where they trade in london, I would love to see an rns where he bought some or all back in London cheaper, that is what a smart cfo would be doing , otherwise its a bit worrying to see a director dumping !

[catsick] 21/11/2018 08:04

280m usd of revenues growing at 10-15 pct a year makes the sub 50m usd valuation a bit crazy

[catsick] 21/11/2018 08:01

Yes seem very good , and very bullish for the future with margins improving as well as revenues, now they are fully integrated and the shop formats are seeing very good like for like growth they are going to start looking like a very cheap growth story ...

[tenapen] 20/11/2018 19:26

I don't hold and have called this a dog for so many years, but it is good to see the company turn the corner towards growth !.

But as with most, if not all African stock you have to play the long game !,

No good for traders :-).

[fmscw] 20/11/2018 17:30

$55.5m compounding at 12% since August 2016?? what is the profit for this year?