Bulls n Bears Investors Notebook Issue 426: 31 January 2020

Fri Jan 31 03:55:25 CAT 2020

 <http://www.bulls.co.zw/> Bulls.co.zw        <mailto:info at bulls.co.zw?subject=View%20and%20Comments> Views & Comments        <http://www.bulls.co.zw/blog> Bullish Thoughts        <http://www.twitter.com/BullsBears2010> Twitter         <https://www.facebook.com/BullsBearsZimbabwe> Facebook           <http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn          <mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

Bulls n Bears Investors Notebook Issue 426: 31 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

Delta Q3 revenue up   

Beverages giant, Delta Corporation Limited reported revenue growth for the third quarter and nine months to December 31, 2019 although sales volumes tumbled across most segments. Revenue for the quarter rose 27 percent in inflation adjusted terms (646 percent historical) reflecting the changes in product mix and price increases. For the nine months to December 2019, inflation adjusted revenue increased by 2 percent and 346 percent in historical terms.  <http://www.bulls.co.zw/> Read more »

ZSE-listed exporters tipped to rally

As economic uncertainties weigh on businesses across sectors, foreign investors, who are the major contributors on the Zimbabwe Stock Exchange (ZSE) are also likely to adopt a wait-and-see attitude. It is, however, stocks with access to foreign currency that are projected to remain rich picks for investors and survive the turbulence. Already, 2019 has seen a flight of foreign investors from the market, the stock market registered gains in local RTGS$ terms but suffered a massive decline in USD terms.  <http://www.bulls.co.zw/> Read more »

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

No Januworry for investors

Last year ended on a high note. Equity markets surged in December and 2019 turned out to be a good year for investors with almost all global asset classes posting positive returns. This was the exact reverse of 2018, when virtually every major global asset class was negative, offering investors nowhere to hide. The macro-worries that caused the late-2018 slump — rising US interest rates, trade wars, Brexit and a slowing global economy — faded in 2019.  <http://www.bulls.co.zw/> Read more »

Exodus & Co to complete road project by year end   

Local construction firm Exodus and Company says it has invested $30 million for its 20 kilometre (km) stretch of the Harare-Masvingo-Beitbridge road reconstruction project. The company expects to complete the stretch by the end of this year. In an interview with the Herald Finance and Business on the sidelines of its ISO certification by the Standard Association of Zimbabwe (SAZ) on Wednesday, Exodus and Company chief executive Progress Mambo said:  <http://www.bulls.co.zw/> Read more »

IDC rolls out industrial development fund   

The Industrial Development Corporation of Zimbabwe (IDCZ) is offering loan facilities ranging from a minimum of $3 000 000 to a maximum of $20 000 000 to manufacturers, exporters and importers as part of its development financing role. In a statement released yesterday, IDCZ invited bankable applications from all parts of the country for consideration for funding under the industrial development fund. This follows recent resourcing of IDCZ by Government, during last year’s 2020 National Budget announcement whereby Finance and Economic Development Minister Mthuli Ncube allocated $240 million to the corporation.  <http://www.bulls.co.zw/> Read more »

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

Work on Zim’s largest houseboat starts   

ZAMBEZI Cruise and Safaris says construction of its magnificent and would-be Zimbabwe’s largest houseboat has started and the adventure watercraft is expected to be launched later this year. The vessel, MV Zambezi Adventurer, will be the fourth addition to Zambezi Cruise and Safaris’ fleet of three houseboats. It is a 26 cabin vessel with two pools, two reception areas and numerous outdoor decks.  <http://www.bulls.co.zw/> Read more »

Women exporters get training   

The Netherlands Embassy in Zimbabwe in collaboration with Hivos, have partnered ZimTrade, PUM Netherlands and Zimbabwe Agricultural Development Trust (ZADT) on an initiative that will see 20 female entrepreneurs acquire skills and knowledge to exploit opportunities in the export markets. Dubbed “Food for Export Masterclass” (FEM), the programme seeks to grow the capacity of female entrepreneurs in agriculture particularly those in horticulture, dairy, food processing and other export sectors. Hivos, a Dutch based non-governmental organisation (NGO) said it will release in excess of €50 000 for the initiative this year, while PUM will take the lead in individual mentorship of the selected entrepreneurs.  <http://www.bulls.co.zw/> Read more »

 <mailto:info at bulls.co.zw> 

New Great Dyke platinum mine opens   

Great Dyke Investments yesterday started mining on its Darwendale concessions after years of preparation. The first box cut, a single rectangular hole made in the surface of the earth was made yesterday and this serves as the opening of most new mines. The box cut provides a secure and safe entrance to an underground mine. Great Dyke Investments is a joint venture between Russia’s Vi Holdings and Zimbabwe’s Landela Mining Venture (Pvt) Ltd. President Mnangagwa’s visit to Russia last year helped to unlock the platinum deal that is worth US$2 billion. The visit also saw the release of $300 million, part of which has helped to start the implementation of the project.  <http://www.bulls.co.zw/> Read more »

Zupco brings joy to long-distance travellers   

THE Zimbabwe United Passenger Company (Zupco) has dispatched about 80 of its newly-acquired 122 buses to long-distance routes countrywide, bringing relief to travellers. The buses charge subsidised fares as part of the Government’s efforts to provide safety nets for the poor. Zupco buses, including hundreds of franchised kombis, have made a mark on most urban routes countrywide. The sharing of the transport utility’s buses between rural and urban routes follows President Mnangagwa’s decision that rural communities should also benefit from the affordable mass public transport project. Zupco now also services cross-border routes like Malawi, Botswana and Zambia.  <http://www.bulls.co.zw/> Read more » 

Delta renews bottlers deal   

DELTA Corporation Limited has renewed the bottler agreements with The Coca-Cola Company (TCCC) for the next three years to September 2022 and this effectively nullifies the cautionary notice that has recently been issued to stakeholders. Prior to finalising the renewal of the three-year agreements, Delta has of late been reminding shareholders to exercise caution when dealing in the shares of the company and should consult professional advisers until such time as a further announcement is made. The cautionary issued is with respect to the notice Delta received from TCCC in 2016 of its intent to terminate the bottler arrangements that also involved Delta’s associate, Schweppes Holdings Africa Limited, which produces and sells TCCC brands.  <http://www.bulls.co.zw/> Read more » 

‘Utilise 10m Euro funding facility to regain market share’

LOCAL companies should now focus on improving product competitiveness to regain market share in the European Union (EU) taking advantage of the 10 million Euro funding facility availed to the country by the bloc. According to ZBC News, this was said by the ZimTrade chief executive officer Mr Allan Majuru on Wednesday following the unveiling of Zimbabwe Economic Partnership Agreement Support Projects meant to revive the country’s exports to the EU.  <http://www.bulls.co.zw/> Read more »

Firm appeals to Govt on forex   

ONE of the few companies in Bulawayo operating at full throttle, Justin Clothing Private Limited has appealed to Government to allocate foreign currency to all performing companies in the manufacturing sector. The Government introduced the interbank foreign currency market in February last year on a willing-buyer-willing seller arrangement to address the challenges previously faced by companies in sourcing forex to acquire raw materials and spares.  <http://www.bulls.co.zw/> Read more »

Small-scale millers want to partner Govt   

The Small to Medium Millers Association of Zimbabwe (SMMAZ) is willing to partner Government in ensuring the availability of affordable maize meal on the market, an official has said. The SMMAZ was formed late last year to cater for the interests of small and medium-scale players in the milling industry. In a statement on Wednesday, SMMAZ interim chairman Mr Davis Muhambi said the association’s main focus was to ensure that small-scale millers play a bigger role in providing affordable maize-meal to the nation, especially at this point when there are shortages.  <http://www.bulls.co.zw/> 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 

Telephone:      <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:       <mailto:info at bulls.co.zw> info at bulls.co.zw  

Website:         <http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AFQjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ> www.bulls.co.zw 

Blog:            <http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw> www.bulls.co.zw/blog

Twitter:         @bullsbears2010

LinkedIn:       Bulls n Bears Zimbabwe

Facebook:      <http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimbabwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA> www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200131/d3552c76/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 34769 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200131/d3552c76/attachment-0005.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 37594 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200131/d3552c76/attachment-0006.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 23061 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200131/d3552c76/attachment-0007.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.jpg
Type: image/jpeg
Size: 30139 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200131/d3552c76/attachment-0008.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image005.jpg
Type: image/jpeg
Size: 4846 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200131/d3552c76/attachment-0009.jpg>