Bulls n Bears Investors Notebook Issue 425: 30 January 2020

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Bulls n Bears Investors Notebook Issue 425: 30 January 2020

 


 

 


 <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

 

Zimra beats revenue target

The Zimbabwe Revenue Authority (ZIMRA)’s 2019 fourth quarter to December 31, revenue collection totalled $11,7 billion, which is 47 percent ahead of the net target and 651 percent above same period in the prior year, as the tax authority improves on revenue collection. General inflationary pressures also caused the prices of goods and services to increase, resulting in higher sales values, which drove a positive performance of revenue heads.  <https://www.facebook.com/BullsBearsZimbabwe/posts/2988828274482020?__xts__%5B0%5D=68.ARC8bwpRB1RHh-DUa9AZ_o8sY0QJTjaHFiEjV0gWmhBy6xX0xK8XHm7z7NOdjStaZZiC7YXvxKZVxIeVw_-fb80icL0hr_DribcLfksh9R0pjYBx7mAC5OJwI-mj7OOrPZZnFAcDzPW7abJzAKBT4e67WgjRdXQwLsMAFAe2KKx7kBYxR5-wJ4oUqXWajI0ragAC6XZVZD9XboI5-RnhsyCYluKA03ng_TuHdnQhbdPcYtf8wgslR4nMyngRZm8HtiLXkto6YBdoE3TtCgcXvxPbN-fPv37motN_m-HGND2P9q5E47BIcOXaHESVGf7OK0OZQY5N4Jfo418rwPjSemqUww&__tn__=K-R> Read more »

 


 

 

 


 

Fastjet expands Zim network

Budget airliner, Fastjet Zimbabwe has added two new additional direct routes to its network. Fastjet currently connects the three major cities in Zimbabwe by flying between Harare and Victoria Falls, Harare and Bulawayo and Bulawayo and Victoria Falls. Read more »

 	



 


 

 


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

 

Tongaat in talks with JSE to lift share suspension

Tongaat Huletts shares could be back for investors to trade on the JSE next month, as the company is due to release its financial statements for the six-months ended September 30 on Friday..Read more »

 


 

 

 

 


 

 

Cottco gets new board since 2016

THE Cotton Company of Zimbabwe (Cottco), the country’s largest financier of the cotton crop, has a new board to be chaired by academic, Dr Abraham Babs Nyoni. Dr Nyoni, a senior lecturer at the National University of Science and Technology will be deputised by Ms Onai Muvhingi, the Ministry of Lands, Agriculture, Water and Rural Settlement said in a statement on Tuesday....Read more »

 

	
 


 

 

Zim, EU launch € 10m project

Government and the European Union yesterday officially launched the €10 million Zimbabwe Economic Partnership Agreement Support Project that is expected to boost small to medium scale enterprises. The ZEPA project was officially launched by Foreign Affairs and International Trade Deputy Minister David Musabayana who was standing in for Minister Sibusiso Moyo.... Read more »

 


 

 

 

 


 

 

	 


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

 


 

 

	 

		
Zesa loses 632m units to bad coal

Zesa Holdings says it lost about 632 gigawatt hours (632 million consumer units) worth US$54 million last year due to bad quality coal, a claim rejected by the Coal Producers Association. Zesa adds that a further US$1,5 million was spent on diesel, while about US$1 million was given to contractors to repair equipment damaged by poor coal.... Read more »

 

	
 

 

 

	
 

Power supply for irrigation improves

Irrigation activities in most farming areas have improved following Government’s intervention to prioritise electricity allocation for crop production to boost national food security. However, farmers are calling for an extension of hours and days of power supply....Read more »

 

	
 

	 


 <mailto:info at bulls.co.zw> 

 

	
 

	
 

	 

	
 

 

 

	
 

Boost for Seke Road vending market . . . as Govt releases $15m to city council

Harare City Council is finally working on constructing proper vending stalls at the Coca Cola Corner in Harare after Government released $15 million. The vending site, at the corner of Seke and Dieppe roads, commonly referred to as the Coke Corner, accommodates some of the vendors removed from unsanctioned wending sites last year....Read more »

 

	
 

	 

	
 

	
 

	
 

	 

	
 

UK reaffirms commitment to Africa’s economic transformation: AfDB

THE African Development Bank (AfDB) says the United Kingdom has reaffirmed its commitment to Africa’s economic transformation as the European country is the top donor to the bank’s concessional lending arm. Through its concessional arm, African Development Fund (ADF), AfDB has been rolling out a number of financial packages to fund projects anchored on economic transformation on the continent.... Read more »

 

	
 

 

 

	
 

UK firm acquires 70pc of Hwange coal project

A UNITED Kingdom-based firm, Contango Holding Plc has conditionally acquired 70 percent of the Lubu Coal project (Lubu) located in Hwange district in Matabeleland North. In a statement, Contango said the attaining of Lubu coal project would be subject to regulatory and shareholder approval next month...Read more »

 


 

 

 

 

	
 

	
 

Poverty datum line increases

THE country’s poverty datum line (PDL) was $4 188 last month having increased by 14,5 percent from $3 656 in November as the cost of living remains high, latest official figures show. According to the Zimbabwe National Statistics Agency (Zimstat), the PDL measures the basic needs for an average family of five...Read more »

 

	
 

 

 

	
 

Zim-EU launch economy support project

Government and the European Union yesterday officially launched the 10 million euro Zimbabwe Economic Partnership Agreement Support Project that is expected to boost the country’s economic reform agenda and operations of small to medium scale enterprises. The ZEPA project was officially launched by Foreign Affairs and International Trade Deputy Minister David Musabayana who was standing in for the Minister Sibusiso Moyo....Read more »

 

	
 

 

 

	
 

Delta Beverages Predicts A Gloomy 2020

Delta Beverages Zimbabwe, an integrated beverage company with a diverse portfolio of local and international brands in lager beer, traditional beer, Coca-Cola franchised sparkling and alternative non-alcoholic beverages has released an update which reflects the erosion of incomes. The trading update for the year which ended 31 December 2019 indicated that beer volumes went down over the Christmas period, once a traditionally strong quart...Read more »

 

	
 

	
 


 

INVESTORS DIARY 2020

 


Company

Event

Venue

Date & Time

 


 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


REST OF AFRICA

 

 

 

 


 

 

 

 


 

 

 

 


 

 

 

 


 

 

 

 


Counters Trading Under Cautionary

 


 Bindura Nickel Corp

 

CBZH

Dawn

 


Delta

 

Falgold

Fidelity

 


MedTech

 

Meikles

Turnall

 


Unifreight

 

 

 

 


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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