Bulls n Bears Investors Notebook : 28 June 2023

Wed Jun 28 09:16:56 CAT 2023

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Bulls n Bears Investors Notebook : 28 June 2023

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Fidelity records 481% revenue growth

FIDELITY Life Assurance of Zimbabwe posted a 481% growth in revenue in the
first four months of this year, driven mainly by increases in net premiums
received and investment income. .
<https://bullszimbabwe.com/fidelity-records-481-revenue-growth/> Read more >

PPC Zim records 19% decline in revenue

REGIONAL cement maker, Pretoria Portland Cement (PPC) says its Zimbabwean
unit recorded a 19% decline in revenue in the financial year ended March 31,
2023 due to an extended kiln .
<https://bullszimbabwe.com/ppc-zim-records-19-decline-in-revenue/> Read more
>

 <mailto:info at bulls.co.zw> 

For more business & financial updates log onto
<http://www.bullszimbabwe.com> www.bullszimbabwe.com

Banks fail to exhaust USDs on RBZ auction as RTGS dry up

Local financial institutions only managed to buy a third of the foreign
currency available on the Reserve Bank of Zimbabwe (RBZ)'s wholesale foreign
currency auction today as Zimbabwe dollar liquidity .
<https://bullszimbabwe.com/banks-fail-to-exhaust-usds-on-rbz-auction-as-rtgs
-dry-up/> Read more >

DPC reviews deposit protection cover

The Deposit Protection Corporation has reviewed upwards the Zimbabwean
dollar deposit protection cover with effect from June 23 in line with rising
inflation. According to the DPC, deposit protection cover .
<https://bullszimbabwe.com/dpc-reviews-deposit-protection-cover/> Read more
>

FMBCH posts strong performance

FMB Capital Holdings Plc (FMBCH), the parent company for First Capital Bank,
has recorded a 51 percent spike in profit after tax of US$61,2 million
across the group in the .
<https://bullszimbabwe.com/fmbch-posts-strong-performance/> Read more >

Premier shares nosedive

Zimbabwe lithium miner, Premier African Minerals (Premier)'s shares took a
nosedive on Monday, falling 40 percent, following the release of an update
on their offtake and prepayment agreement with Canmax .
<https://bullszimbabwe.com/premier-shares-nosedive/> Read more >

Fifty percent forex corporate tax payment in Zim$ requirement still in force

TREASURY has reiterated that it will not accept forex payment for the 50
percent local currency tax component, which will be converted at the
Wholesale Auction Exchange Rate in order .
<https://bullszimbabwe.com/fifty-percent-forex-corporate-tax-payment-in-zim-
requirement-still-in-force/> Read more >

 <mailto:info at bulls.co.zw> 

UK company signs US$1m Matabeleland gold exploration deal

LONDON Stock Exchange-listed mineral exploration company, Kavango Resources,
has signed an exclusive two-year option to acquire a gold exploration
project in Matabeleland region, a major development set to transform the .
<https://bullszimbabwe.com/uk-company-signs-us1m-matabeleland-gold-explorati
on-deal/> Read more >

Import duty suspension widens trade deficit

THE country's trade deficit grew by 29 percent to US$196,8 million in May
2023 from US$152,6 million in April this year, a trend that has been
attributed to the recent .
<https://bullszimbabwe.com/import-duty-suspension-widens-trade-deficit/>
Read more >

'Modernise product distribution', insurance sector urged

THE Insurance and Pensions Commission (Ipec) has challenged players in the
insurance sector to modernize distribution modelling through technology
adoption to widen coverage and ensure improved product accessibility to
clients. .
<https://bullszimbabwe.com/modernise-product-distribution-insurance-sector-u
rged/> Read more >

Wholesale forex auction overwhelms banks

ONLY US$10 million was purchased by banks today from the US$30 million on
offer for the wholesale foreign exchange auction, the Reserve Bank of
Zimbabwe has said. In the first .
<https://bullszimbabwe.com/wholesale-forex-auction-overwhelms-banks/> Read
more >

ZB Holding goes full throttle on digital

LISTED financial services group, ZB Holding, has gone full throttle on the
digital sphere following the launch today of an online platform called
'International Virtual Service Centre (IVSC)' meant to .
<https://bullszimbabwe.com/zb-holding-goes-full-throttle-on-digital/> Read
more >

Monthly export earnings jump 17pc

ZIMBABWE'S export earnings grew by 17,8 percent to US$654,2 million last
month from US$555,5 million recorded in April as Government policy reform
measures continue to impact positively on the domestic .
<https://bullszimbabwe.com/monthly-export-earnings-jump-17pc-2/> Read more >

Padenga to invest US$2m into croc business

Victoria Falls Stock Exchange-listed (VFEX) Padenga Holdings plans to spend
about US$2 million on capital expenditure programmes for its crocodile
business. The group's crocodile breeding division is working on crocodile .
<https://bullszimbabwe.com/padenga-to-invest-us2m-into-croc-business/> Read
more >

Short-term insurers see 582pc jump in GPW

COMBINED Gross Premium Written (GPW) by short-term insurers jumped 582
percent in nominal terms to $51 billion during the quarter to March 31, 2023
from $7,49 billion in the same .
<https://bullszimbabwe.com/short-term-insurers-see-582pc-jump-in-gpw/> Read
more >

INVESTORS DIARY 2023

Company

Event

Venue

Date & Time

Heroes' Day

Aug 14

Defence Forces Day

Aug 15

REST OF AFRICA

Counters Trading Under Cautionary

CBZH

GetBucks

EcoCash

TSL

Econet

Turnall

First Capital Bank

ZBFH

Fidelity

Zimplow

FMHL

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.

 Invest Wisely!

Bulls n Bears 

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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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