<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=utf-8"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
        {font-family:Wingdings;
        panose-1:5 0 0 0 0 0 0 0 0 0;}
@font-face
        {font-family:"Cambria Math";
        panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
        {font-family:Calibri;
        panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
        {font-family:"Segoe UI";
        panose-1:2 11 5 2 4 2 4 2 2 3;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
        {margin-top:0cm;
        margin-right:0cm;
        margin-bottom:8.0pt;
        margin-left:0cm;
        line-height:105%;
        font-size:11.0pt;
        font-family:"Calibri",sans-serif;
        mso-fareast-language:EN-US;}
a:link, span.MsoHyperlink
        {mso-style-priority:99;
        color:#0563C1;
        text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
        {mso-style-priority:99;
        color:#954F72;
        text-decoration:underline;}
p.MsoListParagraph, li.MsoListParagraph, div.MsoListParagraph
        {mso-style-priority:34;
        margin-top:0cm;
        margin-right:0cm;
        margin-bottom:8.0pt;
        margin-left:36.0pt;
        mso-add-space:auto;
        line-height:105%;
        font-size:11.0pt;
        font-family:"Calibri",sans-serif;
        mso-fareast-language:EN-US;}
p.MsoListParagraphCxSpFirst, li.MsoListParagraphCxSpFirst, div.MsoListParagraphCxSpFirst
        {mso-style-priority:34;
        mso-style-type:export-only;
        margin-top:0cm;
        margin-right:0cm;
        margin-bottom:0cm;
        margin-left:36.0pt;
        margin-bottom:.0001pt;
        mso-add-space:auto;
        line-height:105%;
        font-size:11.0pt;
        font-family:"Calibri",sans-serif;
        mso-fareast-language:EN-US;}
p.MsoListParagraphCxSpMiddle, li.MsoListParagraphCxSpMiddle, div.MsoListParagraphCxSpMiddle
        {mso-style-priority:34;
        mso-style-type:export-only;
        margin-top:0cm;
        margin-right:0cm;
        margin-bottom:0cm;
        margin-left:36.0pt;
        margin-bottom:.0001pt;
        mso-add-space:auto;
        line-height:105%;
        font-size:11.0pt;
        font-family:"Calibri",sans-serif;
        mso-fareast-language:EN-US;}
p.MsoListParagraphCxSpLast, li.MsoListParagraphCxSpLast, div.MsoListParagraphCxSpLast
        {mso-style-priority:34;
        mso-style-type:export-only;
        margin-top:0cm;
        margin-right:0cm;
        margin-bottom:8.0pt;
        margin-left:36.0pt;
        mso-add-space:auto;
        line-height:105%;
        font-size:11.0pt;
        font-family:"Calibri",sans-serif;
        mso-fareast-language:EN-US;}
p.msonormal0, li.msonormal0, div.msonormal0
        {mso-style-name:msonormal;
        mso-margin-top-alt:auto;
        margin-right:0cm;
        mso-margin-bottom-alt:auto;
        margin-left:0cm;
        font-size:11.0pt;
        font-family:"Calibri",sans-serif;}
span.EmailStyle19
        {mso-style-type:personal;
        font-family:"Calibri",sans-serif;
        color:windowtext;}
span.EmailStyle20
        {mso-style-type:personal;
        font-family:"Calibri",sans-serif;
        color:windowtext;}
span.EmailStyle21
        {mso-style-type:personal-reply;
        font-family:"Calibri",sans-serif;
        color:windowtext;}
.MsoChpDefault
        {mso-style-type:export-only;
        font-size:10.0pt;}
@page WordSection1
        {size:612.0pt 792.0pt;
        margin:72.0pt 72.0pt 72.0pt 72.0pt;}
div.WordSection1
        {page:WordSection1;}
/* List Definitions */
@list l0
        {mso-list-id:193810708;
        mso-list-template-ids:1215852842;}
@list l0:level1
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:36.0pt;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        mso-ansi-font-size:10.0pt;
        font-family:Symbol;}
@list l0:level2
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:72.0pt;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        mso-ansi-font-size:10.0pt;
        font-family:Symbol;}
@list l0:level3
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:108.0pt;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        mso-ansi-font-size:10.0pt;
        font-family:Symbol;}
@list l0:level4
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:144.0pt;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        mso-ansi-font-size:10.0pt;
        font-family:Symbol;}
@list l0:level5
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:180.0pt;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        mso-ansi-font-size:10.0pt;
        font-family:Symbol;}
@list l0:level6
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:216.0pt;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        mso-ansi-font-size:10.0pt;
        font-family:Symbol;}
@list l0:level7
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:252.0pt;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        mso-ansi-font-size:10.0pt;
        font-family:Symbol;}
@list l0:level8
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:288.0pt;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        mso-ansi-font-size:10.0pt;
        font-family:Symbol;}
@list l0:level9
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:324.0pt;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        mso-ansi-font-size:10.0pt;
        font-family:Symbol;}
@list l1
        {mso-list-id:943345694;
        mso-list-type:hybrid;
        mso-list-template-ids:-857558848 805896193 805896195 805896197 805896193 805896195 805896197 805896193 805896195 805896197;}
@list l1:level1
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Symbol;}
@list l1:level2
        {mso-level-number-format:bullet;
        mso-level-text:o;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:"Courier New";}
@list l1:level3
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Wingdings;}
@list l1:level4
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Symbol;}
@list l1:level5
        {mso-level-number-format:bullet;
        mso-level-text:o;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:"Courier New";}
@list l1:level6
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Wingdings;}
@list l1:level7
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Symbol;}
@list l1:level8
        {mso-level-number-format:bullet;
        mso-level-text:o;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:"Courier New";}
@list l1:level9
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Wingdings;}
@list l2
        {mso-list-id:1197502429;
        mso-list-type:hybrid;
        mso-list-template-ids:1933096494 805896193 805896195 805896197 805896193 805896195 805896197 805896193 805896195 805896197;}
@list l2:level1
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Symbol;}
@list l2:level2
        {mso-level-number-format:bullet;
        mso-level-text:o;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:"Courier New";}
@list l2:level3
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Wingdings;}
@list l2:level4
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Symbol;}
@list l2:level5
        {mso-level-number-format:bullet;
        mso-level-text:o;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:"Courier New";}
@list l2:level6
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Wingdings;}
@list l2:level7
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Symbol;}
@list l2:level8
        {mso-level-number-format:bullet;
        mso-level-text:o;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:"Courier New";}
@list l2:level9
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Wingdings;}
@list l3
        {mso-list-id:1284118806;
        mso-list-type:hybrid;
        mso-list-template-ids:339661416 805896193 805896195 805896197 805896193 805896195 805896197 805896193 805896195 805896197;}
@list l3:level1
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Symbol;}
@list l3:level2
        {mso-level-number-format:bullet;
        mso-level-text:o;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:"Courier New";}
@list l3:level3
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Wingdings;}
@list l3:level4
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Symbol;}
@list l3:level5
        {mso-level-number-format:bullet;
        mso-level-text:o;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:"Courier New";}
@list l3:level6
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Wingdings;}
@list l3:level7
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Symbol;}
@list l3:level8
        {mso-level-number-format:bullet;
        mso-level-text:o;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:"Courier New";}
@list l3:level9
        {mso-level-number-format:bullet;
        mso-level-text:;
        mso-level-tab-stop:none;
        mso-level-number-position:left;
        text-indent:-18.0pt;
        font-family:Wingdings;}
ol
        {margin-bottom:0cm;}
ul
        {margin-bottom:0cm;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><div align=center><table class=MsoTableGrid border=1 cellspacing=0 cellpadding=0 style='border-collapse:collapse;border:none'><tr><td width=623 valign=top style='width:467.5pt;border:none;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:12.0pt;line-height:115%'><a href="mailto:bulls@bullszimbabwe.com"><span style='font-family:"Segoe UI",sans-serif;color:#0F1419;background:white;text-decoration:none'><img border=0 width=300 height=296 style='width:3.125in;height:3.0833in' id="_x0000_i1076" src="cid:image001.jpg@01D84DEE.E04F2CB0"></span></a></span><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><a name="_Hlk95685055"></a><a name="_Hlk98312870"></a><a name="_Hlk96494948"></a><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Dating is a critical stage to any investor considering to take a position on any asset class even shares.<b><o:p></o:p></b></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#1. History,<o:p></o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1870, William Ormiston Callender sets up Callender's Cable and Construction Company (CCCC).<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1890, British Insulated Wire Company (BIWC) is formed at Prescot near Liverpool, UK.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1925, BIWC is renamed British Insulated Cables.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=500 height=303 style='width:5.2083in;height:3.1597in' id="Picture_x0020_6" src="cid:image002.jpg@01D84DEE.E04F2CB0"></span></span></span><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1945, CCCC and British Insulated Cables combine their operations and become British Insulated Callender's Cables (BICC).<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1947, BICC help in the  establishment of Rhodesia Cables (RC) in the now Zimbabwe.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1983, a change of name to BICC-Cafca.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1990, listed on the stock exchange.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1996, a new telecommunication cable production facility is opened.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1999, BICC-Cafca's parent company is bought by General Cables of USA<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>2010, Cafca becomes the new name of BICC-Cafca after a lengthy process.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#2. Operations,<o:p></o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>CAFCA is a manufacturer of cables and allied products for the transmission and distribution of,<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>° Electrical energy and<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>° Information<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>in Southern and Central Africa<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=602 height=337 style='width:6.2708in;height:3.5069in' id="Picture_x0020_5" src="cid:image004.jpg@01D84DF0.2012EA70"></span></span></span><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#3. Customers,<o:p></o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>CAFCA is primarily a business to business (B2B) company which supplies its products to,<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Mining Houses<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Previously it had contracts with the Australian conglomerate BHP Billiton.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Power Utilities<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Telecoms<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Hardwares<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Construction<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=602 height=347 style='width:6.2708in;height:3.6111in' id="Picture_x0020_4" src="cid:image006.jpg@01D84DF0.2012EA70"></span></span></span><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#4. Competitors, <o:p></o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>It has a monopoly on the manufacturing of cables in Zimbabwe. <o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>However the cost of production in Zimbabwe is steep due to ageing equipment.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>The above creates  opportunities for foreign cable manufacturers to supply the market cheaply.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=602 height=400 style='width:6.2708in;height:4.1666in' id="Picture_x0020_3" src="cid:image008.jpg@01D84DF0.2012EA70"></span></span></span><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#5. Management,<o:p></o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Robert Neill Webster - MD<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>He has been at the helm of CAFCA Limited since 2006.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Joined the business from CFI Holdings were he led the poultry division.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Robert is an experienced manager who has track record for financial management.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#6. Share Price related statistics,<o:p></o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraphCxSpFirst style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>ZWL250 per share as at 11 April 2022.<o:p></o:p></span></span></span></li><li class=MsoListParagraphCxSpMiddle style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>ZWL170 per share at the beginning of 2022.<o:p></o:p></span></span></span></li><li class=MsoListParagraphCxSpMiddle style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>+47% YTD gain, 13,200% Y/Y gain<o:p></o:p></span></span></span></li><li class=MsoListParagraphCxSpMiddle style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>ZWL2.183 billion market cap (US$33m)<o:p></o:p></span></span></span></li><li class=MsoListParagraphCxSpMiddle style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Relatively illiquid and 46th most traded stock on the ZSE over the past 3 months to February 15, 2022.<o:p></o:p></span></span></span></li><li class=MsoListParagraphCxSpLast style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Issued shares 33,389,000<o:p></o:p></span></span></span></li></ul><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#7. Shareholding,<o:p></o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Reunert Electrical<o:p></o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>50,46% of CAFCA is held by a unit of Reunert Limited which is listed on the JSE. <o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Messina Investments<o:p></o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>11,42% of CAFCA is controlled by Nicholas van Hoogstraten the British businessman with interests in CFI, RTG & HCCL.<o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=601 height=577 style='width:6.2638in;height:6.0069in' id="Picture_x0020_2" src="cid:image010.jpg@01D84DF0.2012EA70"></span></span></span><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#8. Pitch,<o:p></o:p></span></b></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l2 level1 lfo5'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Holds a monopoly on the manufacturing of cables in Zimbabwe. This helps in pricing of products.<o:p></o:p></span></span></span></li></ul><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l2 level1 lfo5'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Licenced buyer of decommissioned cables for recycling which helps reduce the need for forex to import raw materials.<o:p></o:p></span></span></span></li></ul><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l2 level1 lfo5'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Secondary listing on the ZSE.<o:p></o:p></span></span></span></li></ul><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><div style='mso-element:para-border-div;border:solid windowtext 1.0pt;padding:1.0pt 4.0pt 1.0pt 4.0pt'><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;border:none;padding:0cm'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Each week will be on a DATE with a company listed on the ZSE with Martin Mataga <b>Twitter</b> @MartinMataga. <o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;border:none;padding:0cm'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;border:none;padding:0cm'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>The purpose of this thread is to assist investors to have a minimum appreciation of listed firms. <o:p></o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;border:none;padding:0cm'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%;border:none;padding:0cm'><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Disclaimer</span></b></span></span><span style='mso-bookmark:_Hlk95685055'><span style='mso-bookmark:_Hlk98312870'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>: Do not misconstrue this thread as investment advice. DATE companies before you buy their shares.<o:p></o:p></span></span></span></p></div><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><i><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Invest Wisely!<o:p></o:p></span></i></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Bulls n Bears </span></b></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'> <o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>WhatsApp:     +27 71 544 4769<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Mobile/Voice:  </span></span><span style='mso-bookmark:_Hlk95685055'></span><a href="tel:%2B263%2077%20344%201674" target="_blank"><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:windowtext;text-decoration:none'>+263 77 344 1674</span></span><span style='mso-bookmark:_Hlk95685055'></span></a><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Alt. Email:      </span></span><span style='mso-bookmark:_Hlk95685055'></span><a href="mailto:info@bulls.co.zw"><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:windowtext'>info@bulls.co.zw</span></span><span style='mso-bookmark:_Hlk95685055'></span></a><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>  <o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Website:        </span></span><span style='mso-bookmark:_Hlk95685055'></span><a href="http://www.bullszimbabwe.com"><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>www.bullszimbabwe.com</span></span><span style='mso-bookmark:_Hlk95685055'></span></a><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'> <o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Blog:             </span></span><span style='mso-bookmark:_Hlk95685055'></span><a href="http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw" target="_blank"><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:windowtext'>www.bulls.co.zw/blog</span></span><span style='mso-bookmark:_Hlk95685055'></span></a><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Twitter:         @bullsbears2010<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>LinkedIn:       Bulls n Bears Zimbabwe<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Facebook:      </span></span><span style='mso-bookmark:_Hlk95685055'></span><a href="http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimbabwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA" target="_blank"><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif;color:windowtext'>www.facebook.com/BullsBearsZimbabwe</span></span><span style='mso-bookmark:_Hlk95685055'></span></a><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Skype:           Bulls.Bears <o:p></o:p></span></span></p><p class=MsoNormal style='line-height:normal'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'><img border=0 width=246 height=120 style='width:2.5625in;height:1.25in' id="Picture_x0020_1" src="cid:image011.png@01D84DEE.E04F2CB0"></span></span><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></p></td></tr></table></div><p class=MsoNormal><o:p> </o:p></p></div></body></html>