Bulls n Bears Investors Notebook : 23 May 2023

Tue May 23 10:48:43 CAT 2023

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Bulls n Bears Investors Notebook : 23 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

Producers accused of diverting goods to black market

THE price madness besetting the country can partly be traced to manufacturers who have benefited from foreign currency acquired cheaply from the Reserve Bank of Zimbabwe (RBZ) Auction System to … <https://bullszimbabwe.com/> Read more »

Millennium Heights project progresses according to plan

WORK on the development of top-notch apartments at Millennium Heights is progressing according to plan, with Block 4 now selling off plan while construction of Block 3 is halfway through … <https://bullszimbabwe.com/> Read more »

 <mailto:info at bulls.co.zw> 

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

Invictus’ oil, gas funding raising oversubscribed

INVICTUS Energy, the Australian firm scouting for oil and gas in Mashonaland Central province, north of Zimbabwe, has received strong support for its Share Purchase Plan (SPP) meant to raise … <https://bullszimbabwe.com/> Read more »

Zimplow to conclude 49pc Barzem stake acquisition

Zimplow Holdings Limited is set to conclude the acquisition of a 49 percent stake in Barzem from Barloworld, a development expected to restore and reaffirm the group’s dominant position in  <https://bullszimbabwe.com/> Read more »

‘Business letting Government down’

PRESIDENT Mnangagwa is disappointed by some members of the business communitywhose conduct continues to frustrate Government efforts to stabilise the economy andthe current wave of price increases obtaining in the … <https://bullszimbabwe.com/> Read more »

Price stability being restored. . . Speculators toface disciplinary action

THE market should expect significant restoration of stability in the pricing of basicgoods in response to comprehensive Government measures while disciplinary action willbe swiftly meted against businesses that fuel exchange … <https://bullszimbabwe.com/> Read more »

Mining firms seek EPOs strategic minerals

TWO mining entities, Castlegold (Private) Limited and Hexagon International (Private)Limited, have lodged separate Exclusive Prospective Order (EPOs) applications with theMining Affairs Board to prospect for an array of globally strategic … <https://bullszimbabwe.com/> Read more »

 <mailto:info at bulls.co.zw> 

BCC cancels Makokoba redevelopment tender

THE redevelopment of Bulawayo’s oldest suburb, Makokoba, into a modern high-rise residential area could be off the rails after Bulawayo City Council cancelled a tender that sought to engage a …  <https://bullszimbabwe.com/> Read more »

Kazungula, Victoria Falls borders set for upgrades

GOVERNMENT plans to upgrade Kazungula and Victoria Falls border posts into modern state-of-the-art “one stop” facilities. Kazungula, the border with Botswana and Victoria Falls leading into Zambia, are two land … <https://bullszimbabwe.com/> Read more »

RTG occupancies back to pre-Covid-19 era

Listed hotelier, Rainbow Tourism Group (RTG), reported that its first quarter to March 31, 2023 occupancies were back to near pre-Covid-19 period. In a trading update, company secretary, Tapiwa Mari … <https://bullszimbabwe.com/> Read more »

Govt spending spurs demand for construction inputs

Government spending on construction has markedly increased in the past few years, some industry players said, giving the already booming sector an additional impetus. Over the past four years, the … <https://bullszimbabwe.com/> Read more »

Analysts warn of economic meltdown as businesses resist stabilisation measures

Some analysts have warned of a “sharper” economic slowdown following the recent measures put in place by Government meant to stabilise the economy already threatened by massive depreciation of the … <https://bullszimbabwe.com/> Read more »

Invictus awards seismic contract for phase 2 exploration campaign

AUSTRALIA-HEADQUARTERED Invictus Energy has awarded Polaris Natural Resource Development a contract to provide 2D seismic acquisition services for its phase two exploration campaign in the Cabora Bassa Basin. Polaris is … <https://bullszimbabwe.com/invictus-awards-seismic-contract-for-phase-2-exploration-campaign/> Read more »

High parastatals debt miffs Parly

THE Parliamentary Portfolio Committee on Budget, Finance and Economic Development is conducting public hearings to determine the level of debt held by State-owned firms, with early signs suggesting that all … <https://bullszimbabwe.com/high-parastatals-debt-miffs-parly/> Read more »

BAT volumes decline

CIGARETTE manufacturer and tobacco exporter, British American Tobacco Zimbabwe (BAT) has reported an 18% fall in volumes for the first quarter of this year owing to depressed demand. In a … <https://bullszimbabwe.com/bat-volumes-decline/> 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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