Bulls n Bears Investors Notebook Issue 152:20 August 2018

Mon Aug 20 09:52:17 CAT 2018

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Bulls n Bears Investors Notebook Issue 152:20 August 2018

 <http://www.nicozdiamond.co.zw/> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

New player penetrates energy sector

Bulls Power Fuels, a new entrant in Zimbabwe's energy industry, says it is
targeting 200 000kg of liquid petroleum gas (LPG) within the next 36 months
as it looks to grow market share through its subsidiary, Bulls Gas. We have
five locations where we distribute our product to customers. Our target
storage capacity country-wide is 200 000 kg within the next 36 months. This
will, in turn, create employment which is the national focus at present,"
the company's chief executive officer Michael Munhuwei said during the
official launch of a-$1 million gas plant in Fairview Estates in Zvimba on
Friday.  <http://www.bulls.co.zw/> Read more >

Forex shortages, high input costs weigh on Dairibord performance

Input prices, which affect price competitiveness and operating margins,
increased 21% in the first half of 2018 - 150% higher than the growth in
volumes - and might continue in the outlook, according to Dairibord Holdings
Limited (DHL). The milk, foods and beverages maker achieved an operating
profit of $0,720 million in the first half of 2018, a 239% improvement on a
loss position of $653,297 reported over the comparable period last year.
<http://www.bulls.co.zw/> Read more >

 <http://www.firstmutualproperties.co.zw/> 

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

Powertel ventures into IoT

Powertel Communications, a subsidiary of the Zesa Holdings Group, has
ventured into internet of things (IoT) business with new lines of services
that include vehicle tracking and generator monitoring. Speaking to NewsDay
yesterday, Prosper Mutswiri, Powertel head of marketing and corporate
branding, said the company had launched the products with an aim to simplify
doing business and had yielded positive results in the first 100 days.
<http://www.bulls.co.zw/> Read more >

Product innovation to boost Rubber Products' solvency prospects

RUBBER Products Manufacturers (Rubber Products), currently under judicial
management, plans to launch new products and services that will help it to
move abreast with market trends and return to solvency. The company is
saddled with a debt of over $3,8 million, which could take about six years
to clear, according to Nyasha Motsi, the company's provisional judicial
manager.  <http://www.bulls.co.zw/> Read more >

Industry expresses concern over poor quality imports

CONFEDERATION of Zimbabwe Industries (CZI) has raised concern over the
influx of substandard imports, which are easily evading the Bureau Veritas
pre-importation assessment system in a development likely to frustrate
ongoing efforts to resuscitate local industry. CZI president Sifelani
Jabangwe told NewsDay that some of the mechanisms put in place to plug
smuggling and restore industrial productivity were facing serious threats.
<http://www.bulls.co.zw/> Read more >

Organic fertiliser firm eyes 30k tonnes   

Organic fertiliser manufacturing company, Agriman Fertiliser Zimbabwe is
targeting an annual production of 30 000 tonnes when it commissions its
Mutare plant later this year. Acting chief executive officer Liberty Mtetwa
said production lines at the Mutare plant should be active by December 2018,
and targets the local market, reducing imports and export into the region.
"We plan to contribute over 30 000 tonnes per year by the end of year two
from the Mutare plant," he said by email.  <http://www.bulls.co.zw/> Read
more >

Stock brokers critical for C-Trade   

C-Trade will not dilute the role of stock brokers as they will remain
relevant in the workings of the local capital market, Securities and
Exchange Commission of Zimbabwe (SECZ) chief executive Tafadzwa Chinamo has
said. C-Trade is a platform that enables investors, both local and foreign
to purchase securities from anywhere in the world anytime, using mobile
devices. The platform was launched in July. According to the current rules
of the exchange, trading goes through a broker. This way, Mr Chinamo said,
helps ease any challenges that may arise when individuals are allowed to
trade directly on their own from the exchange.  <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

OK opens new outlet   

Zimbabwe Stock Exchange listed entity OK Zimbabwe Limited opened a new
outlet in Harare's Glen View suburb last week as the grocery retailer
continues to consolidate its market share in the retail space. The new store
becomes the retailer's 49th OK Store and brings the Group's total outlets to
63 including eight Bon Marche' and six OK Mart stores. Speaking at the
company's annual general meeting last month chief executive Alex Siyavora,
said the new outlet was in a good location and should be a positive addition
to the group.  <http://www.bulls.co.zw/> Read more >

Dairibord net profit up 131pc   

Dairibord Zimbabwe Holdings overturned a loss position with 131 percent in
net profit to $269 844 during the half year to June 30, 2018 from a loss of
$846 588 in the same period last year on volumes growth and restructuring.
Its regional subsidiary, Dairibord Malawi posted a loss for the period of
$293 000 on depressed performance. Earlier this year, the group indicated
the board was assessing the Malawi unit after it continued on a perennial
loss making performance, which weighed down the group's earnings.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Egyptian firm to turn tonnes of rubbish into electricity, bio-diesel   

Emerging energy firm Tawanda Energy Ltd has agreed a deal with Egyptian
financier and project developer MAFGAIB for the construction of a $140
million plant that converts waste to energy. The deal is still at
feasibility stage, but once complete, aims to turn up to 800 tonnes of
municipal rubbish, including human faeces and food waste, to 150 000 litres
of bio-diesel, and to between 30 to 40 megawatts of electricity each day,
officials say.  <http://www.bulls.co.zw/> Read more >

Inputs distribution is a safety net intervention: Govt

Government agriculture support programmes including Command Agriculture and
the Presidential Inputs schemes are national safety net interventions in
lieu of monetary pay-outs found in other countries, a Cabinet Minister has
said. Addressing farmers in Chakari while handing over maize and cotton
inputs last week, Lands, Agriculture and Rural Resettlement Minister
Perrance Shiri, said while acting as a buffer against hunger, the programmes
help boost Zimbabwe's food reserves.  <http://www.bulls.co.zw/> Read more >

NSSA to construct houses for injured members

The National Social Security Authority has reaffirmed its commitment to
building permanent houses for its members who get injured at their
workplaces. In an interview, NSSA spokesperson for Mashonaland West Mr
Melusi Moyo said the project is being run under the organisation's
initiative termed PROJECT DZIMBA. "We are constructing two roomed units, a
hut kitchen and a toilet for all those workers who were and are injured at
their respective workplaces resulting in them being bed-ridden or wheel
chair bound," he said.  <http://www.bulls.co.zw/> Read more >

Moti Group, ZMM deal to boost chrome output

Chrome output by small-scale producers is projected to hit one million
tonnes, a triple jump from 200 000 tonnes at present, under a funding deal
with South Africa's Moti Group, which operates African Chrome Fields Ltd in
Zimbabwe. Through its small-scale chrome mining subsidiary, Zimbabwe
Motivational Mining (ZMM), the Moti Group launched a $50 million facility
for small-scale chrome mining development in the country towards the end of
the year 2017. Wellington Takavarasha, the CEO of the Zimbabwe Miners'
Federation (ZMF), an association of artisanal and small-scale miners, said
the deal would be signed next month.  <http://www.bulls.co.zw/> Read more >

Poll dispute pushes up forex rates

Economists expect real-time gross settlement (RTGS) and EcoCash transfers to
initially gain against the United States dollar for a while once the dispute
over election results is finalised, before slumping again at the end of the
tobacco selling season currently underway. Tobacco is the country's second
largest source of foreign currency after gold. The selling season for the
golden leaf usually draws to a close at the end of September. Over the
short-term, RTGS and EcoCash rates against the dollar are seen dropping to
between 50% and 60% from current rates of between 75% and 80%.
<http://www.bulls.co.zw/> Read more >

Crazy gold stats as miners haul 21 tonnes

Gold miners have hauled 21 tonnes in seven months to July 31 this year,
shredding all records set since 2009, spurred by the exploits of small-scale
miners who have delivered. <http://www.bulls.co.zw/> Read more > 

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

The Harare Agricultural Show

The Harare Agricultural Show

The Harare Agricultural Show

August 27- September 1

REST OF AFRICA

Counters Trading Under Cautionary

NicozDiamond

Ariston

Barclays

Dawn

Unifreight

Hwange

RTG

Post your event (AGM, EGM, Analysts Briefing, etc) on the Investor Diary
free of charge and reach out to the market. We have annual gold prices since
1900, monthly since January 1971 and daily prices since January 2000. We
also provide historical ZSE prices on request.

DISCLAIMER: This report has been prepared by Bulls 'n Bears, a division of
Faith Capital (Pvt) Ltd for general information purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy or
subscribe for any securities. The information contained in this report has
been compiled from sources believed to be reliable, but no representation or
warranty is made or guarantee given as to its accuracy or completeness. All
opinions expressed and recommendations made are subject to change without
notice. Securities or financial instruments mentioned herein may not be
suitable for all investors. Securities of emerging and mid-size growth
companies typically involve a higher degree of risk and more volatility than
the securities of more established companies. Neither Faith Capital nor any
other member of Bulls 'n Bears nor any other person, accepts any liability
whatsoever for any loss howsoever arising from any use of this report or its
contents or otherwise arising in connection therewith. Recipients of this
report shall be solely responsible for making their own independent
investigation into the business, financial condition and future prospects of
any companies referred to in this report. Other  Indices quoted herein are
for guideline purposes only and sourced from third parties.

Invest Wisely!

Bulls n Bears 

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