Bulls n Bears Investors Notebook Issue 273: 21 June 2019

Fri Jun 21 04:26:02 CAT 2019

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Bulls n Bears Investors Notebook Issue 273: 21 June 2019

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Masimba Holdings

AGM

Head Office, 44 Tilbury Road, Willowvale

21 June 2019, 12:30pm

Quotable Quote:

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

Zimbabwe's currency hits new low, firms demanding payment in U.S. dollars

(Reuters) - Zimbabwe's interim currency fell to a new low on the black
market on Thursday and local firms were demanding payment in U.S. dollars as
a hedge against inflation, which is running at its highest in a decade.
<http://www.bulls.co.zw/> Read more >

Internal probe delays Hippo Valley financials   

Allegations of financial misappropriation of South Africa-headquartered
sugar manufacturer Tongaat Hullet Limited (THL) has forced Zimbabwean
subsidiary, Hippo Valley Estates Limited to postpone publication of its
FY2019 results. The Zimbabwe Stock Exchange (ZSE) has given Hippo Valley
leeway to publish its financial results by the end of next month, from the
initial publication deadline of 30 June, 2019. <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

Inflation: Fiscal consolidation alone not enough   

Show me someone who says inflation is going to end the year in single digits
or anywhere near 10 percent, and I will show you someone hallucinating. It's
simply not going to happen unless the monetary policy leg comes into the
equation. To many, the 2019 economy now feels like 2008, and we are slipping
into another hyperinflation era. This comes as the year-on-year inflation
for the month of May, which came out early this week, stood at 97,85
percent, the highest level post dollarisation. <http://www.bulls.co.zw/>
Read more >

NRZ makes US$6m from selling scrap metal   

The National Railways Zimbabwe (NRZ) earned over US$6 million in the period
2017-2018 from the sale  of 30 000 tonnes of scrap metal, with part of the
proceeds being used to finance refurbishment of about 600 locomotives,
according to general manager Lewis Mukwanda. Scrap belonging to the
parastatal has triggered a lot of interest from both local and foreign
industries given the mineral rich deposits that are found in the metal for
example copper. <http://www.bulls.co.zw/> Read more >

Zesa mess, not drought, causes load shedding   

The present vicious load-shedding by Zesa exposes a quarter century plus of
short-term management, poor national energy planning with a lot of debate
but no action, an operational model that goes against all professional
advice, and an over-reliance on imports in a region that is now has a
generation deficit thanks to growth in our neighbours.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zim to earn US$140m from cattle semen exports   

The launch of a cattle production facility at Chinhoyi University of
Technology (CUT) is likely to see Zimbabwe earning more than US$140 million
annually from cattle semen exports. Besides foreign currency earnings, there
is huge economic spin-offs potential as farmers, small abattoirs and even
the Cold Storage Company are likely to benefit from the new farming
technology. <http://www.bulls.co.zw/> Read more >

Land reform,private investment go hand-in-hand   

The debate around land expropriation without compensation has dramatically
cooled off since the middle of last year when the topic was on just about
every South African's lips. The topic briefly made the headlines again this
week with President Cyril Ramaphosa and Deputy President David Mabuza
receiving the final report of the Presidential Advisory Panel on Land Reform
and Agriculture. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Diaspora essential to economic development   

It is a steep climb to the Hill Complex at Great Zimbabwe. In the gasps for
breath, the decision to pause and look up on the seemingly endless steps
ahead or to cast an eye back on the Great Enclosure down there can be as
tormenting as the throbbing muscles. But once up on the Hill, one can easily
be transported back to the life in the ancient city, a city said to have
reached its most prosperous state in the 15th century. Then of course,
something jolts the minds back to this modern state where the inflation rate
is breaching 100 percent. The walk down downhill is a thoughtful one.
<http://www.bulls.co.zw/> Read more >

Stock Market Weekly Review   

Bulls continued to charge on the Zimbabwe Stock Exchange (ZSE) in the week
to Wednesday (June 19, 2019), as all key market indicators closed the period
in the black. Not a single faller was in recorded, as the positive market
breadth trend extended across stocks. The appetite for stocks has increased
across the board as investors seek cover against the volatile economic
environment characterized by inflationary pressures.
<http://www.bulls.co.zw/> Read more >

Zim economy's inflation poser.l When is the runaway train going to stop?   

"We all know that inflation is an evil thing, but when it runs its course
unplanned it brings certain natural correctives. Today, these correctives
have not been allowed to come into play, and the result is most unhealthy.
"The making of large paper profits, which is a natural concomitant of
inflation, enabled industry to maintain its real capital intact; the
restriction of money profit at a time of rising prices is denuding industry,
not of real profits, but of real capital." <http://www.bulls.co.zw/> Read
more >

Zimpapers exceeds revenue targets   

Zimbabwe's largest diversified media group, Zimpapers (1980) Limited,
surpassed its revenue and profitability targets for the first five months of
the year, despite battling a significant exchange loss impact resulting from
the change of functional currency earlier this year. Zimpapers CEO Pikirayi
Deketeke, told shareholders at the group's annual general meeting yesterday
that strategic focus had allowed the company to sidestep a number of
macroeconomic challenges to perform ahead of targets.
<http://www.bulls.co.zw/> Read more >

Summit 2019: Milestone in reengagement drive   

Some positives continue to pile on the Zimbabwean cause as re-engagement
efforts once more find an efficient catalyst at the US-Africa Business
Summit in the Mozambican capital of Maputo. The summit  is expected to
discharge sound trickle down effects on the Zimbabwean economy as the
country is strategically located on the way of Foreign Direct Investment
(FDI) flow from northern surplus countries among which the US trends.
<http://www.bulls.co.zw/> Read more >

Zupco revival creates 1 200 jobs   

THE revival of the Zimbabwe United Passenger Company (Zupco) has created
jobs for more than 1 200 people and more drivers and conductors are set to
be hired countrywide starting next month. Zupco acting chief executive Mr
Everisto Madangwa said the bus company is set to increase its fleet to
service more routes countrywide for the convenience of the public.Read more

Zim, Moza sign air service agreement   

Zimbabwe yesterday signed a bilateral air service agreement with Mozambique,
which paves the way for resumption of passenger and cargo air services
between the two countries. President Mnangagwa witnessed the signing
ceremony. Transport and Infrastructural Development Minister Joel Biggie
Matiza represented the Government, while his Mozambican counterpart, Mr
Carlos Mesquita, signed on behalf of Zimbabwe's eastern neighbour. Minister
Matiza said the agreement had previously been discontinued owing to
viability issues.  <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Masimba Holdings

AGM

Head Office, 44 Tilbury Road, Willowvale

21 June 2019, 12:30pm

RioZim

AGM

1 Kenilworth Road, Highlands

24 June 2019, 10:30am

Proplastics

AGM

Palm Court, Meikles

25 June  2019, 10am

Fidelity Life

AGM

Great Indaba Room, Crowne Plaza Monomotapa

26 June 2019, 10am

GB Holdings

AGM

Cernol Chemicals Boardroom,  111 Dagenham Road, Willowvale

26 June 2019, 11:30am

Dawn Properties

AGM

Ophir Room, Monomotapa Hotel

27 June 2019, 10am

Unifreight

AGM

Royal Harare Golf Club

27 June 2019, 10am

African Sun

AGM

Ophir Room, Monomotapa Hotel

27 June 2019, 12pm

FMP

AGM

Palm Court, Meikles

27 June 2019, 12pm

MedTech

AGM

Boardroom, Stand 619, corner Shumba/Hacha Roads, Ruwa

27 June 2019, 2pm

FML

AGM

Palm Court, Meikles)

27 June 2019, 2:30pm

FBC

AGM

Royal Harare Golf Club

27 June 2019, 3pm

ZHL

AGM

Aquarium Room, Crowne Plaza Monomotapa Hotel

30 June 2019, 10am

Edgars

AGM

Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue/Jason Moyo St,
Bulawayo

11 July 2019, 9am

REST OF AFRICA

Counters Trading Under Cautionary

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.

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