Bulls n Bears Investors Notebook Issue 178:01 October 2018

Mon Oct 1 10:24:13 CAT 2018

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Bulls n Bears Investors Notebook Issue 178:01 October 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

Govt debt to hit $20bn by year-end

THE Parliament Budget Office (PBO) expects Zimbabwe's sovereign debt to grow
by 8,69% to a record high of $20 billion by year-end, stoked by continuous
public borrowings to finance persistent budget deficits through Treasury
Bills (TBs) and central bank overdrafts. Based on figures from the Reserve
Bank of Zimbabwe (RBZ) and National Budget, local fact-checking firm,
Zimfact, estimated Zimbabwe's public and private, foreign and domestic debt
at $18,4 billion by the end of 2017. <http://www.bulls.co.zw/> Read more >

Innscor reports good performance in all business portfolios

INNSCOR Africa Limited posted a $48,6 million profit after tax in the
full-year ended June 2018 from $34,4 million in prior period, as all its
business portfolios reported good performance. The group has three segments
such as Mill-Bake, Protein (Colcom and Irvines) and other light
manufacturing and services (Probrands, Natpak and Capri). During the review
period, the group posted revenue of $631,2 million, a 9% increase from
$580,3 million on the comparative 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

RBZ boss faces reality check

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya today finds himself
literally skirting on thin ice as he presents his first post-election
monetary policy statement with all sectors 

of the economy looking up to him to swing the magic wand to end the current
cash crisis. In the past few weeks, prices of basic commodities and other
services have shot through the roof as the surrogate currency, bond note
kept plunging deep into the abyss, amid growing calls for its
decommissioning as legal tender.  <http://www.bulls.co.zw/> Read more >

Major boost for Zim firms   

Zimbabwean firms could benefit from lines of credit being offered by
regional and international lenders to recapitalise and boost operations,
delegates attending the Confederation of Zimbabwe Industries conference
heard last week. Presenters from the African Development Bank, Industrial
Development Corporation of South Africa and Export-Import Bank of India said
last Friday, at the CZI conference, that their institutions had capital
headroom for local companies seeking to revive and expand operations.
<http://www.bulls.co.zw/> Read more >

Zimpapers profit up 41pc   

Listed diversified media group Zimbabwe Newspapers (1980) Limited's profit
after tax for the six months to June 30, 2018 rose 41 percent to $1, 6
million as all divisions recorded improved performances during the period.
Group revenue for the period rose 10 percent to $20,2 million from $18,3
million, which management attributed to "organic growth" across all its
operational divisions. <http://www.bulls.co.zw/> Read more >

ED calls for swift action on climate change   

President Emmerson Mnangagwa has declared that climate change "respects no
borders" and called on world governments to act with speed to prevent the
potential dangerous impacts of the science, especially on the developing
world. "Climate change presents a threat to all of humanity and its impact
respects no borders," President Mnangagwa told world leaders attending the
UN General Assembly in New York, US, on September 26.
<http://www.bulls.co.zw/> Read more >

Understanding investment risk   

Risk is the possibility of financial loss. Below are some of the most common
investment risks: Capital risk - the risk of not getting your initial
investment money back. Currency risk - the risk associated with currency
movements against that which your investment is based on. Inflation risk -
the risk that your investment does not keep pace with inflation, reducing
its worth overtime. Volatility risk - the extent and frequency that
investments rise and fall. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Ingwebu looks to go national

BULAWAYO brewer, Ingwebu Breweries is seeking to expand beyond the southern
parts of the country while it also fortifies its present markets as part of
a survival and growth strategy meant to pluck the company out of the black
hole. The company has over the years underperformed and lost most of its
market share to rival breweries due to use of antiquated machinery. The
Bulawayo Municipal Commercial Undertaking run entity was weaned from the
Bulawayo City Council last year as part of trying to commercialise its
operations. <http://www.bulls.co.zw/> Read more >

Tourism sector calls for Air Zimbabwe revival

THE Tourism Business Council of Zimbabwe (TBCZ) has exhorted Government to
facilitate speedy resuscitation of ailing Air Zimbabwe, which is a key
enabler to the country's tourism industry.  Air Zimbabwe has been performing
poorly over the years resulting in failure to effectively service
traditional routes due to a myriad of challenges among them a depleted
fleet. With tourism as one of the key economic sectors in the country,
industry players believe the ailing national airliner has become a missing
link to both domestic and international travel.  <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

Zimbabwe inflation rate is 69,9%, says US economist

RENOWNED United States economist Steve Hanke says Zimbabwe's annual
inflation rate is 69,9%, much higher than the official figure of 4,83%. "At
present, Zimbabwe's annual inflation rate, by my measure, is 69,9%. I
measure the inflation rate daily by using high-frequency data. "At elevated
inflation rates, the method I use, which is based on purchasing power parity
(PPP), is very accurate.  <http://www.bulls.co.zw/> Read more >

Mnangagwa banks on Chinese bailout

Harare City Council says it is yet to receive the remainder of a loan to
upgrade its water infrastructure from a Chinese bank, seven years after the
deal was struck. Mayor Herbert Gomba said contrary to reports that the money
was abused by the local authority, the Chinese funder stopped disbursements
after a dispute arose over repayment terms. "Let me put this on record: we
only received $72 million from the Chinese loan, which is an equipment-based
loan," he said.
<http://www.bulls.co.zw/2018/09/26/retirement-planning-ensures-old-age-is-en
joyed/> Read more >

Zimbabwe will retain bread basket status

Zimbabwe has the potential to retain its status as a breadbasket for the
Sadc region if farmers embrace Government policies such as Command
Agriculture and maximise the use of local resources, Vice President Dr
Constantino Chiwenga said yesterday.   In a speech read on his behalf at the
official opening of the Victoria Falls Agricultural Show by Minister of
State in his office, Evelyn Ndlovu, VP Chiwenga challenged farmers to
produce for export and contribute towards the vision of turning the country
into a middle-income economy in 12 years' time. <http://www.bulls.co.zw/>
Read more >

RBZ to address prices, forex woes   

The monetary policy to be announced by Reserve Bank of Zimbabwe Governor Dr
John Mangudya today is expected to proffer solutions to prices that have
been going up and announce measures to create financial stability in the
economy. Speaking ahead of the Monetary Policy Statement yesterday, Dr
Mangudya said the statement will be designed to deal with the various
challenges facing the economy. <http://www.bulls.co.zw/> Read more >

HCCL remains in red zone. . . Reports $23 million half year loss   

HWANGE Colliery Company Limited (HCCL) reported a $23 million loss in the
half year period ended June 30, 2018 compared to $24,5 million in the same
period last year, as the giant coal miner battles working capital
constraints, debts and a depleting asset base. Although production inched
819 859 tonnes from 565 298 tonnes achieved in the same period in 2017,
production performance was 22 percent short of the budgetary target of 1 047
026 tonnes. Total sales tonnage for the period was 682 152t from 450 452t
for the same period last year against a budget of 1 242 880 tonnes.
<http://www.bulls.co.zw/> Read more >

Govt moves to stabilise prices   

Government has started working on a cocktail of measures to ensure
stabilisation of prices of essential commodities and their availability, an
official said yesterday. Early this month, Government set up a technical
committee co-chaired by the National Competiveness Committee (NCC), the
Ministry of Industry and Commerce and the Reserve Bank of Zimbabwe (RBZ) to
look into prices and make recommendations on tackling the challenge. NCC
chairman Kumbirai Katsande yesterday said the technical committee's brief is
also to establish the availability of basic goods. Mr Katsande said this
while addressing delegates during at this year's Confederation of Zimbabwe
Industries (CZI) conference. He said the committee will also look into
foreign currency allocations in light of shortages that have seen businesses
struggling to import critical raw materials and spare parts.
<http://www.bulls.co.zw/> Read more >

Strict measures needed to protect tobacco exports   

Government should introduce stiff penalties for tobacco growers who are
non-compliant to set rules and regulations if it is to stop the spread of
diseases that could potentially affect the country's tobacco exports. This
was revealed at a workshop held by the Tobacco Research Board yesterday
which was running under the theme, "Tobacco Production: An industry under
threat". Tobacco is the country's highest foreign currency earner followed
by gold. Last year tobacco exports topped $900 million, which was a marginal
decrease from $933 million from the previous season. Across the country, the
area put under tobacco has slightly decreased from 110 518 hectares last
year to 104 397 hectares. <http://www.bulls.co.zw/> Read more > 

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

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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