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Pin to quick picksZambeef Prod. Share News (ZAM)

Share Price Information for Zambeef Prod. (ZAM)

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Share Price: 5.75
Bid: 5.50
Ask: 6.00
Change: 0.00 (0.00%)
Spread: 0.50 (9.091%)
Open: 5.75
High: 5.75
Low: 5.75
Prev. Close: 5.75
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TRADING UPDATES: Condor finishes drilling at La Mestiza open pit mine

Thu, 21st Oct 2021 14:45

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Condor Gold PLC - mine developer in Nicaragua - Completes 8,004 metres of infill drilling at the La Mestiza open pit mine in La India Project, Nicaragua. Drilling includes 96 diamond core drill holes. Says the La India project has an open pit mineral resource of 92,000 tonnes at 12.1 grams per tonne of gold. "The Mestiza vein set remains open down dip and along strike in both directions, has parallel veins identified by rock chip sampling and trenching and has the potential for further significant discovery," Condor adds.

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Gulf Marine Services PLC - Abu Dhabi-based provider of support vessels for offshore oil, gas and renewables industries - Wins new 12-month contract for E-class vessel with engineering, procurement, and construction client in the Middle East and North Africa. Says the contract begins at the end of December, following completion of the vessel's existing contract. Another client exercises a two-year option, committing an S Class Vessel for all of 2022 and 2023.

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Seneca Growth Capital VCT PLC - St. Helens, England-based investment firm - Net asset value per B share reaches 102.3 pence at October 15, up 11% from 91.8p at the end of 2020. An increase in the value of the B share pool's AIM-quoted investments causes this rise in NAV. Says this increase was offset by the impact of the ordinary running costs of the company.

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Altona Rare Earths PLC - mining exploration company - Agrees to acquire 51% stake in Chambe Rare Earths Project in Southern Malawi via a joint venture with Akatswiri Mineral Resources Ltd. Says the project is held under an exploration licence granted on September 9 and valid until September 6, 2024. The licence will be transferred to Akatswiri, who will run the project and receive 1 million Altona shares. Expects total cash expenditure of GBP200,000 for the purchase of Chambe.

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AEW UK REIT PLC - UK commercial property investor - Net assets total GBP174.3 million at September 30, up 2.7% from GBP169.7 million at June 30. NAV per share reaches 110.0p per share at September 30, compared to 107.11p at June 30. Reports receiving 89% of rent for the quarter beginning September 29. Sells Langthwaite Industrial Estate, South Kirkby for GBP10.8 million and Wella Warehouse, Basingstoke for GBP5.9 million. Declares interim dividend of 2.00 pence per share for the three months ended September 30. Says this is in line with the company's target annual dividend of 8.00p per share.

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Custodian REIT PLC - Leicester, England-based real estate investment trust - Buys industrial unit on the Clifton Moor Industrial estate in York for GBP2.96 million. Funds purchase with existing debt facilities. The unit covers 28,601 square feet, occupied by Menzies Distribution Ltd for annual passing rent of GBP186,000. This rent offers a net initial yield of 5.9%, the company says.

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Zambeef Products PLC - Zambia-focused cold chain foods and retail business - For the year ended September 30, expects adjusted pretax profit to be between 65% and 75% ahead of current market expectations, while revenue is set to be 10% to 12%, driven by sustained consumer demand for products despite rising costs, prices and a difficult operating environment.

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By Scarlett Butler; scarlettbutler@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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21 Jun 2024 13:41

Zambeef Products profit rises 14% amid challenging economic conditions

(Alliance News) - Zambeef Products PLC on Friday reported positive earnings despite a slump in revenue.

Read more
19 Jun 2024 16:45

EARNINGS AND TRADING: Zambeef names new Chair

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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18 Jun 2024 10:44

IN BRIEF: Zambeef to report big jump in profit but warns about drought

Zambeef Products PLC - Lusaka-based producer, processer, distributor and retailer of meat, dairy and cereal food products in Zambia, Nigeria and Ghana - On Monday, says total basic earnings per share for the half year that ended March 31 is expected to be up 233% on a year before in Zambian kwacha terms and 143% in dollar terms. For the first half of financial 2023, Zambeef reported pretax profit of USD2.5 million on revenue of USD158.7 million.

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23 Apr 2024 16:11

Zambeef expects annual profit and revenue to fall below expectations

(Alliance News) - Zambeef Products PLC on Tuesday said it will not meet profit and revenue market expectations for its financial year ending September 30.

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9 Apr 2024 12:16

Zambeef appoints interim chair following death of Michael Mundashi

(Alliance News) - Zambeef Products PLC on Tuesday said it has appointed Monica Musonda as interim chair following the death of Michael Mundashi last month.

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28 Mar 2024 14:28

TRADING UPDATES: Baron Oil surrenders licence; DG Innovate proposes JV

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
22 Dec 2023 15:50

UK shareholder meetings calendar - next 7 days

Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
Wednesday 27 December 
Tremor International LtdAGM
Thursday 28 December 
ADVFN PLCAGM
Altona Rare Earths PLCAGM
Beximco Pharmaceuticals LtdAGM
Global Petroleum LtdAGM
Visum Technologies PLCAGM
Friday 29 December 
Apollon Formularies PLCAGM
Eco Atlantic Oil & Gas LtdAGM
Genedrive PLCAGM
Goldplat PLCAGM
Lansdowne Oil & Gas PLCGM re capital raise
Marula Mining PLCAGM
Microsaic Systems PLCGM re fundraise
Online Blockchain PLCAGM
Secure Property Development & Investment PLCAGM
SkinBioTherapeutics PLCAGM
Tetragon Financial Group LtdAGM
Woodbois LtdAGM
Zambeef Products PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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7 Dec 2023 18:02

IN BRIEF: Zambeef Products profit surges despite tough environment

Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - For the financial year ended September 30, reports revenue of ZMW6.05 billion, about USD331.5 million, up from ZMW5.39 billion a year earlier. Pretax profit surges to GBP203.7 million from GBP55.2 million.

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4 Dec 2023 10:58

Zambeef reiterates FY guidance, EPS surges

(Sharecast News) - Zambian beef producer Zambeef reiterated full-year guidance on Monday as it said basic earnings per share were expected to have surged 272% year-on-year in USD terms and 306% in Kwacha.

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7 Nov 2023 17:47

TRADING: Zambeef sees profit above market views; Luceco trades in line

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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21 Sep 2023 19:04

TRADING UPDATES: Zambeef to rationalise in Zambia; Nucleus owns Curtis

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
30 Jun 2023 14:36

IN BRIEF: Zambeef Products shares down as interim loss widens

Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Posts revenue of USD158,738 for year ended on March 31, up 7.2% from USD148,136 the year before. Says the half-year is characterised by a difficult trading environment due to "constricted consumer spending amidst a tight monetary policy". However, pretax profit is down 75% to USD2.5 million from USD9.9 million, as operating profit is down 58% to USD5.7 million from USD13.3 million the year before. Posts expenses classified as "other" at USD2.7 million, compared to "other" income of USD228,000 a year ago.

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9 Jun 2023 14:22

IN BRIEF: Zambeef Products expects half-year earnings to fall

Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Says total basic earnings per share for the financial half-year that ended March 31 is expected to be significantly lower than a year prior. EPS for all of financial 2022 was ZMW9.70, down from ZMW56.17 in financial 2021. Zambeef said it expects basic EPS to be down 113% in local currency and 112% in dollars, suggesting it expects to swing to loss in the half-year.

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7 Jun 2023 08:59

IN BRIEF: Zambeef demand grows but rising prices add pressure

Zambeef Products PLC - Lusaka, Zambia-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - Says product demand has increased with volume growth across most categories during half year ended March 31, supported by price moderation strategy. Gross margins adversely impacted by lower than expected selling prices and higher input costs, including increased genset diesel costs in the first quarter of 2023. Cropping division was hurt by the price of soya beans decreasing 71%; this was exacerbated by reduced yields but partially offset by higher maize price. However the higher maize price put additional pressure on stock feed margins.

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20 Dec 2022 15:49

UK shareholder meetings calendar - next 7 days

Wednesday 21 December 
7digital Group PLCAGM
BATM Advanced Communnications LtdAGM
dotdigital Group PLCAGM
Northamber PLCAGM
Parkmead Group PLCAGM
Windar Photonics PLCAGM
Thursday 22 December 
Beeks Financial Cloud Group PLCAGM
Beximco Pharmaceuticals LtdAGM
Corcel PLCAGM
Gulf Investment Fund PLCAGM
SolGold PLCAGM
Friday 23 December 
Plexus Holdings PLCAGM
Wildcat Petroleum PLCAGM
Monday 26 December 
no events scheduled 
Tuesday 27 December 
Zambeef Products PLCAGM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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