Bulls n Bears Investors Notebook Issue 274: 24 June 2019

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Bulls n Bears Investors Notebook Issue 274: 24 June 2019

 


 

 


 <mailto:info at bulls.co.zw> 

 


 

 


Bulls 'n Bears Investors Diary: Today's Events

 


RioZim

AGM

1 Kenilworth Road, Highlands

24 June 2019, 10:30am

 


 

 


Quotable Quote:

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

 

Meikles Hotel sale approved  

Zimbabwe's world acclaimed five-star hotel, Meikles Hotel, is set to change
hands after the Competition and Tariff Commission (CTC) approved its sale to
Albwardy Investment, a Dubai-based entity. In a board resolution released
last week, the CTC said it had approved, without conditions, the proposed
acquisition of the Meikles Hotel business from Meikles Hospitality by
Albwardy Investment through its firm ASB Hospitality Zimbabwe Ltd. ASB
Hospitality Zimbabwe is a special purpose vehicle of Albwardy Investment,
which was recently incorporated in Zimbabwe. <http://www.bulls.co.zw/> Read
more >

 


 

 

 


 

Bulawayo power station saga rages

The Zimbabwe Electricity Supply Authority (Zesa) has insisted that it plans
to go ahead with the demolition of two cooling towers at the Bulawayo Power
Station in spite of strong resistance from the city's residents, who insist
that the structures must be kept intact. In a lengthy statement, the power
utility insisted that cooling towers 1 and 2 had to be demolished, as they
had outlived their design life and "manifest advanced symptoms of
deterioration, including holes and cracks right through their hyperbolic
shells, which compromises structural and functionality integrity".
<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

 

Army offloads stake in $4bn project

Zimbabwe's military has disposed of its stake in a $4 billion platinum joint
venture with Russian investors, President Emmerson Mnangagwa, has said.
Mnangagwa revealed this in an interview with Bloomberg in Mozambique during
the just-ended US-Africa Business Summit, where he sought to appease the
Americans who are insisting on political reforms as a precondition for the
scrapping of the Zimbabwe Democracy and Economic Recovery Act (Zidera).
<http://www.bulls.co.zw/> Read more >

 


 

 

 

 


 

 

'Health Institutions May Collapse Due To Load-shedding'

The ongoing load-shedding regime is threatening the viability of private
health institutions in Belgravia, it has been learnt. Health institutions in
the area include Health Point Hospital, Corporate 24, Diagnostic Imaging
Centre, Haemodialysis Centre, Well Women Clinic and Target Laboratories.
Health Point Hospital head Peter Annesley said that the institutions may end
up closing as the high cost of using generators is not sustainable.
<http://www.bulls.co.zw/> Read more >

 

	
 


 

 

EcoSure US$ packages unveiled   

CASSAVA Smartech Zimbabwe's EcoSure has unveiled United States dollar
denominated packages that will give Zimbabweans the opportunity to get
insurance cover without worrying about the challenges of value erosion on
their policies. In recent months, the RTGS dollar has been losing value
against the US$ due to financial distortions in the parallel market. In a
statement, Cassava Smartech Zimbabwe chief executive officer Mr Eddie Chibi
said the new packages would further drive insurance inclusion and ensure
customers' policies maintain their value. <http://www.bulls.co.zw/> Read
more >

 


 

 

 

 


 

 

	 


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SECZ joins UK-funded Africa programme   

THE Securities and Exchange Commission of Zimbabwe (SECZ) has joined the
United Kingdom (UK)-funded Africa Regulator Support Programme which is part
of a continent-wide initiative designed to support capital market regulators
to attain international standards.  The programme is a flagship of the
UK-based organisation, Financial Sector Deepening Africa's (FSDA).
<http://www.bulls.co.zw/> Read more >

 

	
 

 

 

	
 

'Think investing back home'.Zanu-PF UK gears up Vision 2030 diaspora
promotion   

ZANU-PF United Kingdom branch has moved a gear up to promote Vision 2030 by
mobilising Zimbabweans in the diaspora to invest back home as well as
spearheading self-help income generating projects in the country. The
revolutionary party recently launched the Scotland branch which also seeks
to pursue the national agenda, Vision 2030 by creating intergenerational
projects around Zimbabwe.. <http://www.bulls.co.zw/> Read more >

 

	
 

	 


 <mailto:info at bulls.co.zw> 

 

	
 

	
 

Comesa urges members to set up road network funding   

THE Common Market for Eastern and Southern Africa says 15 of its 21 member
states have established dedicated Road Funds and Road Development Agencies
to undertake maintenance and development of national and regional road
networks. The 15 nations are Zimbabwe, Zambia, Malawi, Swaziland, Uganda,
Burundi, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar,
Rwanda, and Sudan.  <http://www.bulls.co.zw/> Read more >

 

	
 

 

 

	
 

ZMDC withdraws partnership tenders   

THE Zimbabwe Mining Development Corporation (ZMDC) has withdrawn tenders for
joint venture partnerships it sought to resuscitate its defunct mines as
some of the creditors were attaching assets of the said mines. In July last
year, ZMDC announced that it had shortlisted Canadian and South African
investors for joint venture partnerships to resuscitate its gold and
graphite mines dotted across the country.  <http://www.bulls.co.zw/> Read
more >

 

	
 

	 

	
 

	
 

	
 

	 

	
 

Drought affects cotton production   

Manicaland is expected to record a decrease in the volume of cotton this
year following a poor season where the quality and weight of the crop was
affected by the drought which hit the province. Despite the effects of
drought, the cotton has also been affected by frost as the bolls are failing
to split, making it difficult to produce the 5 000 tonnes targeted this
season. <http://www.bulls.co.zw/> Read more >

 

	
 

 

 

	
 

Zesa power cuts cost hospitals   

Health institutions operating in the Belgravia area of Harare have appealed
to the Zimbabwe Electricity Supply Authority (ZESA) to spare them of
load-shedding to save lives and ensure they continue in business. The health
centres said relying on generators for power was not sustainable due to the
high costs incurred in buying fuel and the uncertainty of effective power
supplies for their big machines. The health institutions were under a heavy
load-shedding schedule the whole of last week, going for 11 hours 14 minutes
on Tuesday, 12 hours 27 minutes on Wednesday and 15 hours 59 minutes on
Thursday. <http://www.bulls.co.zw/> Read more >

 


 

 

 

 

	
 

	
 

Mineral database will stop leakages   

It is exciting news that Zimbabwe is sitting on a bountiful of 17 rare earth
minerals, over and above the diamonds, gold, platinum, chrome and glut of
other minerals we have already known. The minerals, sometimes referred to as
rare-earth elements (REE), some of which sell for more than US$1 000 a
kilogramme, and have been known to investors, make Zimbabwe a strong
alternative source market. The elements are used in the production of
glasses, electronics, hybrid vehicles, wind turbines, microphones and
speakers, among other multiple uses, raising the stakes for Zimbabwe on the
global market. <http://www.bulls.co.zw/> Read more >

 

	
 

 

 

	
 

Tongaat gazettes retail sugar prices   

Tongaat Hulett has gazetted recommended retail sugar prices for the
commodity which is being overpriced. The prices for brown sugar are $4,99
for 1kg, $9,98 for 2kg, $24,95 for 5kg and $49,90 for 10kg. White sugar
recommended prices are $5,22 for 1kg, $10,44 for 2kg, $26,10 for 5kg and
$52,20 for 10kg. Meanwhile, the Zimbabwe Sugar Association (ZSA) assured the
country that there are adequate sugar supplies and there is no need for
panic buying.Read more

 

	
 

 

 

	
 

ZSE amasses $2 billion in a week   

Stocks maintained an upward trajectory on firming demand as investors on the
Zimbabwe Stock Exchange (ZSE) amassed a cumulative $2 billion last week
alone. In the week to Thursday, all the key market indicators finished in
the black, week on week as investors seek safety from a volatile economic
environment characterized by foreign currency shortages and inflationary
pressures. Week on week, the ZSE All Share Index was also 7 percent above
prior week to close pegged at 221,70 points sustained by gains across board.
<http://www.bulls.co.zw/> Read more >

 

	
 

	
 


 

INVESTORS DIARY 2019

 


Company

Event

Venue

Date & Time

 


 

 


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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