Bulls n Bears Investors Notebook : 16 May 2023

Tue May 16 07:20:16 CAT 2023

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Bulls n Bears Investors Notebook : 16 May 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

Caledonia gross revenues down 16%

GROSS revenues at the Victoria Falls Stock Exchange-listed Caledonia Mining
Corporation fell by 16% to US$29,4 million during the first quarter of this
year due to lower production and higher 

<https://bullszimbabwe.com/caledonia-gross-revenues-down-16/> Read more »

Vast Resources boss jets in to recover seized diamonds

VAST Resources chief executive officer Andrew Prelea is in the country as
the London-based firm finalises the recovery of its historic parcel of 129
400 rough diamonds held in safe 

<https://bullszimbabwe.com/vast-resources-boss-jets-in-to-recover-seized-dia
monds/> Read more »

 <mailto:info at bulls.co.zw> 

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

Telecel placed under corporate rescue

TELECEL Zimbabwe has been placed under corporate rescue as creditors work to
save the business and defend it from a number of lawsuits. A court plea made
by the Communication 

<https://bullszimbabwe.com/telecel-placed-under-corporate-rescue/> Read more
»

Govt shuts down Bikita Minerals

ZIMBABWE’S largest lithium mine Bikita Minerals, currently owned by China’s
Sinomine Resource Group, has been ordered to suspend operations until it
complies with legal provisions that include labour, environmental and 

<https://bullszimbabwe.com/govt-shuts-down-bikita-minerals/> Read more »

Govt moves to mechanise agric sector

GOVERNMENT has scaled up efforts to mechanise the agricultural sector in
order to boost food security, Lands, Agriculture, Water, Fisheries and Rural
Resettlement secretary John Basera has said. Basera recently 

<https://bullszimbabwe.com/govt-moves-to-mechanise-agric-sector/> Read more
»

Zimplow to secure another original equipment supplier

Agriculture and earthmoving equipment supplier, Zimplow Holdings Limited,
says it will leverage on Barzem’s property portfolio to secure another
original equipment manufacturer (OEM) after buying out Barloworld from the
joint 

<https://bullszimbabwe.com/zimplow-to-secure-another-original-equipment-supp
lier/> Read more »

Afdis forecasts US$49,4 million forex revenue

Volumes, a key indicator of demand, for Afdis, rose 18 percent for the year
ended March 31, 2023, compared to the comparative period, as it now focuses
on cost cutting 

<https://bullszimbabwe.com/afdis-forecasts-us494-million-forex-revenue/>
Read more »

 <mailto:info at bulls.co.zw> 

Beta Holdings seeks dedicated power supply for Shamva plant

BETA Holdings is engaging the Zimbabwe Electricity Transmission and
Distribution Company (ZETDC) to connect its aggregate plant (stone crusher)
in Shamva to a dedicated power line that is waived from 

<https://bullszimbabwe.com/beta-holdings-seeks-dedicated-power-supply-for-sh
amva-plant/> Read more »

Industry calls for Zim$ strengthening

CAPTAINS of industry have implored the Government to create policies that
boost demand for the local currency while expressing concern over the
resurgent exchange rate volatility emanating from the increasing 

<https://bullszimbabwe.com/industry-calls-for-zim-strengthening/> Read more
»

Zulu Lithium investor seeks £1,7m boost

MULTI-COMMODITY mining and natural resource development company, Premier
African Minerals, is in the market seeking to raise £1,759,500 to assist
with further operational funding of the ongoing optimisation operations and

 <https://bullszimbabwe.com/zulu-lithium-investor-seeks-17m-boost/> Read
more »

Minister Nyoni to headline Lupane Business Expo

MINISTER of Women Affairs, Community, Small and Medium Enterprises
Development, Dr Sithembiso Nyoni, is set to headline the second edition of
the Lupane Business expo targeting Small Medium Enterprises (SMEs) 

<https://bullszimbabwe.com/minister-nyoni-to-headline-lupane-business-expo/>
Read more »

Truworths working capital to fund expansion projects

CLOTHING retailer Truworths plans to issue a rights offer to raise working
capital requirements and fund expansion initiatives. In a cautionary
statement to shareholders on Monday, the firm did not 

<https://bullszimbabwe.com/truworths-working-capital-to-fund-expansion-proje
cts/> Read more »

ZMX set to onboard livestock, horticulture

The Zimbabwe Mercantile Exchange (ZMX) expects to start trading livestock
and horticulture products on the commodities platform, as the exchange
continues to gain traction. This will effectively bring the number 

<https://bullszimbabwe.com/zmx-set-to-onboard-livestock-horticulture/> Read
more »

Can pension funds regain public trust?

‘Fool me once, shame on you; fool me twice, shame on me,’ so goes a popular
proverb.It is encouraged for people to learn from their mistakes and past
experiences. Pension 

<https://bullszimbabwe.com/can-pension-funds-regain-public-trust/> Read more
»

Cafca records 444% increase in income

REVENUE at cable manufacturer Cafca Limited increased by 444% to $15,7
billion in the half year ended March 31, 2023 compared to the prior period,
buoyed by exports to regional 

<https://bullszimbabwe.com/cafca-records-444-increase-in-income/> Read more
»

INVESTORS DIARY 2023

Company

Event

Venue

Date & Time

Africa Day

May 25

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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