Bulls n Bears Investors Notebook : 15 May 2024

Wed May 15 10:05:16 CAT 2024

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Bulls n Bears Investors Notebook : 15 May 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

NMB

AGM

Head Office 19207 Liberation Legacy Way

15 May 2024 | 3pm

Appropriate mortgage loans needed to grow real estate: WestProp

WESTPROP Holdings Limited says local banks and the Government should work on
mechanisms to drive the provision of mortgage facilities and provision of
"formal funding" channels to grow the property .
<https://bullszimbabwe.com/> Read more >

UAE's Albwardy eager to invest more in tourism

ALBWARDY Investment, which owns Hyatt Regency The Meikles Harare, has
expressed willingness to further invest in Zimbabwe's tourism industry
following its acquisition in 2020. The United Arab Emirates (UAE) investment
.  <https://bullszimbabwe.com/> Read more >

Breakdowns affect RioZim gold production

DIVERSIFIED mining group RioZim experienced minimal growth in gold
production due to ongoing plant equipment breakdowns. The company only
realised 940kgs in the year ended December 2023 compared to 924kgs .
<https://bullszimbabwe.com/> Read more >

Continuous innovation keeps us going - PPC Zimbabwe

GIANT cement producer, PPC Zimbabwe, has vowed to continuously innovate and
re-engineer its products in a bid to improve quality in line with customer
expectations. Sales manager Mr Wonderful Dube .
<https://bullszimbabwe.com/> Read more >

IDCZ plans first-ever Continental Bank in Zimbabwe

IN a move set to revolutionise the business landscape in the country and
across the African region, the Industrial Development Corporation of
Zimbabwe (IDCZ) Limited is in the process of .  <https://bullszimbabwe.com/>
Read more >

Agriculture, tourism sectors lose US$320k to veldfires annually

THE agriculture, tourism and hospitality sectors lost infrastructure
estimated at US$320 000 through veld fires last year with the Environment
Management Agency (EMA) intensifying strategies of reducing prevalence
rates. Veld . <https://bullszimbabwe.com/> Read more >

Agronomists warn farmers of potential frost losses

AGRONOMISTS have urged horticulture farmers to protect their crops during
the winter season to avoid potential damage from frost, as well as embrace
value addition to avert post-harvest losses. Post-harvest .
<https://bullszimbabwe.com/> Read more >

RioZim seeks alternative power sources to stabilise production

The strategy comes as the group saw an 870% increase in cost of sales to
ZWL$190,68 billion in the year ended December 31, 2023, from a 2022
comparative of ZWL$19,66 .  <https://bullszimbabwe.com/> Read more >

Padenga banks on increased gold production

The expected increase in gold production and fulfilling its crocodile skin
contract volumes is set to leave the firm with increased foreign currency
earnings, the company said. In its trading .  <https://bullszimbabwe.com/>
Read more >

Edgars to remodel business to 'seize' market opportunities

The huge increase in profit after tax was due to a net monetary gain of
ZWL$142,81 billion during the period under review. Edgars recorded the
profit after tax from a . <https://bullszimbabwe.com/> Read more >

Afdis abandons local currency financial reporting

This comes as the period under review saw the former local currency,
Zimbabwe dollar, taking a sharp depreciation which rendered reporting of
financial results inflationary. The increase in profit after .
<https://bullszimbabwe.com/> Read more >

Strong mortgage system can grow local property sector, WestProp

WESTPROP Holdings Limited says the local banking sector and Government
should work on introducing more mortgages and "formal funding" in order to
grow the property sector. Sentiments by the property .
<https://bullszimbabwe.com/> Read more >

Tigere REIT reports steady growth in Q1

In its first-quarter trading update, property firm Tigere REIT, reported a
resilient performance, with the real estate market demonstrating significant
stability despite prevailing currency headwinds. The REIT attributed this
stability . <https://bullszimbabwe.com/> Read more >

Afdis decries harsh economic operating environment

Spirits and wines maker, Afdis, says the group navigated a complex economic
environment in the year ended March 31, 2024, to deliver a revenue increase
despite facing stagnant sales volume. .  <https://bullszimbabwe.com/> Read
more >

Tech, partnerships key for African businesses to seize growth opportunities

Zimbabwean and African businesses are being told to focus on technology and
collaboration to tap into the continent's booming youth market. This call to
action comes after the recent BPL .  <https://bullszimbabwe.com/> Read more
>

VFEX launches product to deepen local capital markets

THE Victoria Falls Stock Exchange (VFEX) in partnership with VCG Markets, a
Mauritius-based broker, yesterday launched a new product called Contract for
Differences (CFDs) that is expected to deepen local .
<https://bullszimbabwe.com/> Read more >

INVESTORS DIARY 2024

Company

Event

Venue

Date & Time

NMB

AGM

Head Office 19207 Liberation Legacy Way

15 May 2024 | 3pm

Old Mutual Zimbabwe

AGM

22 May 2024 | 3pm

Nampak

EGM (to approve the change of auditors to Axcentium)

Virtual

23 May 2024 | 9am

Africa Day

25 May 2024

REST OF AFRICA

Counters Trading Under Cautionary

CBZH

GetBucks

EcoCash

Padenga

Econet

RTG

Fidelity

TSL

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 Cellphone:            +263 71 944 1674 | +27 79 993 5557 

Email:               bulls at bullszimbabwe.com

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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.

 (c) 2024 Web: www.bullszimbabwe.com Email: bulls at bullszimbabwe.com Tel: +27
79 993 5557 | +263 71 944 1674

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