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2017 Economic Outlook

By |February 24th, 2017|Categories: Investor Alert|

2017 Economic Outlook 2016 review: The ZSE’s mainstream Industrials Index ended the year 2016 with a 25.84% gain to 144.53 spurred by fourth quarter gains. At the end of the third quarter, the Industrials had lost 13.83% to 98.96 as foreign investors sold off on the back of weak economic fundamentals. The Minings Index was up 146.67% to 58.51 points

CBZ reports plausible FY15 results

By |February 26th, 2016|Categories: Investor Alert|

CBZ reports plausible FY15 results CBZ released FY15 results that were largely in line with management’s forecasts. At the half year presentation management predicted total assets growth of 18% and managed to grow them by 18.20%. Deposits were expected to grow by 20% and the Group recorded slightly below that with an 18.86% growth. Total income was expected to grow

Investor Alert : TSL FY15 Results Update

By |February 3rd, 2016|Categories: Investor Alert|

Steady set of results. For FY15 TSL delivered a steady set of results with revenue increasing marginally to $48.6 million while profit for the period was down 15.89% to $4.2 million. The logistics businesses contributed positively to overall group performance, while agricultural operations had a subdued year on the back of a smaller national crop and softer world tobacco prices. Real estate operations reported

Investor Alert: 2016 National Budget Highlights

By |November 27th, 2015|Categories: Investor Alert|

Finance Minister Patrick Chinamasa yesterday proposed a $4 billion 2016 national budget with the economy expected to grow by 2.7% from 2015 estimated growth of 1.5. Government projected growth to come from agriculture 1.8% (-3.6%) mining 1.6% (-2.5), manufacturing 2.1% (1.6%), electricity and water 3.6% (-10.8%), construction 4.5% (7%), finance and insurance 5% (6%) and real estate 2.5% (3.9%), distribution,

Delta interim results update

By |November 12th, 2015|Categories: Company, Investor Alert|

HY16 results update: Delta reported its results for the half year ended 30 September showing an 8% decline in revenue to $314.522 million from $342.649 million prior year comparative. The result highlighted the impact of volume decline, down trading, and price reductions. Normal earnings per share of 2,89 cents were down 19% from 3,55 cents prior year comparative. Dividend for

Simbisa Brands Limited – Pre-listing Research Report

By |November 5th, 2015|Categories: Investor Alert|

Company description: Simbisa Brands Limited is a Pan-African QSR operator, recently unbundled from Innscor Africa Limited through a distribution of the entire issued share capital of Simbisa to the shareholders of Innscor. Simbisa is in the business of selling fast foods through 388 outlets in 11 countries as at 31 August 2015. Renewed and specific focus; promising times ahead?: Simbisa

Radar FY15 results update

By |September 24th, 2015|Categories: Investor Alert|

Radar reported a decline in both revenue and profitability for the year ended 30 June 2015. Revenue for the period was down 16.63% to $6.8 million due to an 11% reduction in sales volumes at Macdonald Bricks. Average selling prices realised also softened resulting in lower margins. The drop in revenue coupled with impairments totalling $179,302, resulted in a decline in operating

Edgars reports half year results

By |September 15th, 2015|Categories: Investor Alert|

Edgars reported a slight drop in sales for the half year ended 11 July 2015 on the back of the apparent liquidity squeeze in the economy and the consequent decline in disposable income. Sales in the Edgars chain decreased by 11.2% from prior year comparative while profitability decreased by 8%. The drop in the Edgars Chain was, however, compensated by

LES Monthly Market Update

By |September 1st, 2015|Categories: Investor Alert|

o By the close of August 2015, the main Industrials Index was down 5.25% to 135.43 points while the mining Index was down 10.21% to 35.34 points. The Industrials last traded below current levels as far back as 3 September 2012 when it traded at 132.82 points before jumping to 136.42 points the next day. o A total $15.2 million worth of shares were traded

2015 1Q Report: Weakness Persists

By |April 10th, 2015|Categories: Investor Alert|

[title size="2"]....2015 1Q Report: Weakness Persists[/title] [checklist icon="angle-right" iconcolor="" circle="yes" o Weakness Persits: The first quarter of 2015 was characterised by weaknesses for both the country's economy and the equities market. The period was characterised by low production levels in key sectors such as mining, agricultural and manufacturing,  as well as low commodity prices for key exports such as minerals and