Bulls n Bears Investors Notebook Issue 543: 24 July 2020

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Bulls n Bears Investors Notebook Issue 543: 24 July 2020

 


 

 


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

 


 

 


Bulls 'n Bears Investors Diary: Today's Events

 


 

 

 

 

 


 

 

 

 

 


 

 


Quotable Quote:

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

 

Alrosa hunts for diamond deposits

The world's largest diamond producer, Alrosa, has begun preliminary
exploration work for commercially viable primary diamond deposits in
Zimbabwe in what can potentially catapult the country among the world's
leading.
<http://www.bulls.co.zw/2020/07/24/alrosa-hunts-for-diamond-deposits/> Read
more >

 


 

 

 


 

Landela targets more Zim mining assets

Following an aggressive 2019, Landela Mining Venture said investing in
Zimbabwe's mining industry remains central to its overall strategy going
forward. And the company is showing no loss of appetite.
<http://www.bulls.co.zw/2020/07/24/landela-targets-more-zim-mining-assets/>
Read more >

 	

 <mailto:info at bulls.co.zw> 

 


 

 


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

 

What are the limits to auction rate

The auction system is working ever better as the process of price discovery
becomes more exact, with just $12 between the top bid and the lowest
successful bid in the.
<http://www.bulls.co.zw/2020/07/24/what-are-the-limits-to-auction-rate/>
Read more >

 


 

 

 

 


 

 

Edgars extends capital raise period

The closure of the Zimbabwe Stock Exchange has forced Edgars Stores Limited
to extend its rights offer period by an additional three weeks. The clothing
retailer and manufacturer is currently.
<http://www.bulls.co.zw/2020/07/24/edgars-extends-capital-raise-period/>
Read more >

 

	
 


 

 

Late tobacco selling season dampens TSL profits

Diversified firm, TSL Limited recorded a slight decline of 2 percent in
profit to $105 million for the half year to April 30, 2020 compared to $107
million recorded prior.
<http://www.bulls.co.zw/2020/07/24/late-tobacco-selling-season-dampens-tsl-p
rofits/> Read more >

 


 

 

 

 


 

 

	 


 <mailto:info at bulls.co.zw> 

 


 

 

	 

		
ZimAlloys' furnace upgrade to add 350 jobs

FERROCHROME producer, ZimAlloys, says its furnace refurbishment programme is
now 60 percent complete with the company optimistic that the project will be
operational in the next six months, creating an.
<http://www.bulls.co.zw/2020/07/24/zimalloys-furnace-upgrade-to-add-350-jobs
/> Read more >

 

	
 

 

 

	
 

May merchandise trade up 55pc

Zimbabwe's total merchandise trade registered a 55,1 percent jump to
US$659,8 million for the month of May compared to the preceding month having
previously taken a huge knock. The knock.
<http://www.bulls.co.zw/2020/07/24/may-merchandise-trade-up-55pc/> Read more
>

 

	
 

	 


 <mailto:info at bulls.co.zw> 

 

	
 

	
 

Mid-term Budget: Mthuli owes us revised figures

There is need for greater transparency in the national budgeting process,
says independent research firm Sidewaos. The think-tank has pointed to
disparities around revised inflation and revenue targets in Finance.
<http://www.bulls.co.zw/2020/07/24/mid-term-budget-mthuli-owes-us-revised-fi
gures/> Read more >

 

	
 

 

 

	
 

Forex auction system outperforms expectations

Following introduction of the foreign exchange trading system on June 23,
2020, the market sentiment was mixed. We predicted that the authorities had
adopted the correct approach and that this.
<http://www.bulls.co.zw/2020/07/24/forex-auction-system-outperforms-expectat
ions/> Read more >

 

	
 

	 

	
 

	
 

	
 

	 

	
 

Zim engages WB on telecom giants sale

Zimbabwe has engaged the World Bank's International Finance Corporation
(IFC) to be transaction advisors for privatisation of its telecommunications
companies NetOne Cellular Limited and TelOne after cancelling a contract it.
<http://www.bulls.co.zw/2020/07/24/zim-engages-wb-on-telecom-giants-sale/>
Read more >

 

	
 

 

 

	
 

Govt plans to tax in forex conflicting

Government's plans to start levying tax in hard currency for businesses
charging goods and services in US dollars sends the wrong signal on the
standing policy thrust and process to.
<http://www.bulls.co.zw/2020/07/24/govt-plans-to-tax-in-forex-conflicting/>
Read more >

 


 

 

	 

	
 

	
 

Auction suppresses excess liquidity: RBZ

THE Reserve Bank of Zimbabwe (RBZ) believes the bank's Tuesday weekly
foreign exchange auction platform has drained significant liquidity from the
banking system and created perfect conditions for sustainable exchange.
<http://www.bulls.co.zw/2020/07/24/auction-suppresses-excess-liquidity-rbz/>
Read more >

 

	
 

 

 

	
 

ZSE in drive to broaden offering

The Zimbabwe Stock Exchange Limited (ZSE) says it is looking at finishing
all the projects it initiated in the financial year 2019 that are meant to
enhance the bourse into.
<http://www.bulls.co.zw/2020/07/24/zse-in-drive-to-broaden-offering/> Read
more >

 

	
 

 

 

	
 

213 mining concessions to be repossessed

Under the use-it-or-lose-it policy, 213 mining concessions will be
repossessed in the first phase while 21 000 hectares of mining land have
been reclaimed following failure by owners to pay.
<http://www.bulls.co.zw/2020/07/24/213-mining-concessions-to-be-repossessed/
> Read more >

 

	
 

	
 


 

INVESTORS DIARY 2020

 


Company

Event

Venue

Date & Time

 


 

 


NMB

AGM

Virtual

28 July 2020 | 10am

 


FMP

AGM

Ground Floor, First Mutual Park, 100 Borrowdale Road, Borrowdale

29 July 2020 | 9:30am

 


FML

AGM

Ground Floor, First Mutual Park, 100 Borrowdale Road, Borrowdale

29 July 2020 | 11:30am

 


ZBFH

AGM

Board Room, 21 Natal Road, Avondale

30 July 2020 | 10:30am

 


OK Zimbabwe

AGM

Virtual

30 July 2020 | 3pm

 


ZHL

AGM

virtual

31 July 2020 |

 


Delta

AGM

Virtual, Head Office, Northridge Close, Borrowdale

31 July 2020 | 12:30pm

 


FCB

AGM

virtual

06  August 2020 | 3pm

 


Zimbabwe

National Heroes Day

Zimbabwe

10  August 2020

 


Zimbabwe

Defence Forces' Day

Zimbabwe

11  August 2020

 


Old Mutual Zimbabwe

AGM

Virtual

12  August 2020 | 3pm

 


CBZ

AGM

Virtual

14  August 2020 | 6pm

 


Lafarge

AGM

virtual

18  August 2020 | 12pm

 


REST OF AFRICA

 

 

 

 


 

 

 

 


 

 

 

 


 

 

 

 


 

 

 

 


Counters Trading Under Cautionary

 


 

 

 

 

 


Africansun

 

RioZim

CBZH

	

Turnall

 

Dawn

Unifreight

 


Falgold

 

Zimplow

Zimre

 


Fidelity

 

FM Holdings

ZPI

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


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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