Zambeef Products (ZAM)

All online trades £12.50 plus an annual Management Fee of £35 & VAT with Selftrade. Apply

 32.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 61.00
  • 52 Week Low: 32.00
  • Currency: UK Pounds
  • Shares Issued: 247.98m
  • Volume: 100,165
  • Market Cap: £79.97m
  • Beta: 0.26

Latest ShareCast News

Sunday tips round-up: Zambeef, Electrocomponents, Compass

Date: Sunday 01 Apr 2012

AIM-listed Zambeef Products is perfectly positioned to benefit from Africa's growing wealth and could double profits this year.Last month, however, it received a nasty surprise when the Zambian tax authorities said it owed the equivalent of £6.7m relating to Zamanita, an edible oils business acquired in 2008. A new government was elected last September and reopened a tax dispute that Zambeef thought had been fully resolved earlier last year. Grogan and Irwin are held in high regard and are vigorously appealing against the tax authorities’ ruling, which most followers believe stems from a misunderstanding of past tax paid. A settlement is highly likely but even under the worst case scenario, Zambeef should not suffer unduly. In fact, the company is flourishing. Profits in the year to September 2012 are expected to almost double to £8.7m, rising a further 36% next year to nearly £12m. A dividend of 0.5p is forecast for this year, rising to 0.58p in 2013. “The shares are 37p, at which level they are undervalued. Africa is going through a period of rapid change and Zambia is at the forefront of that transformation. The shares might wobble while the tax issue is thrashed out, but this stock should make strides over the long term. Buy and be patient,” says the Financial Mail on Sunday´s Midas column.

ZAM ShareCast News

Zambeef in tax row with Zambian revenue body 03-Feb-2012 ShareCast
Zambeef to hit full year targets 11-Oct-2011 ShareCast
Zambeef raises £34m on AIM debut 23-Jun-2011 ShareCast

ZAM Regulatory News

Further Re: Zamanita 27-Apr-2012 07:00 RNS
Notification of Major Interest in Shares 14-Feb-2012 18:01 RNS
Assessment from the Zambia Revenue Authority 03-Feb-2012 07:00 RNS
Appointment of Adviser 13-Jan-2012 07:00 RNS
Result of AGM 22-Dec-2011 12:42 RNS

ZAM Newspaper Links

No recent information was found.

ZAM Tips & Analysis

No recent information was found.

ZAM News Wires

No recent information was found.

Other ZAM News

No recent information was found.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ZAM Market Data

Currency UK Pounds
Share Price 32.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 61.00
52 Week Low 32.00
Volume 100,165
Shares Issued 247.98m
Market Cap £79.97m
Beta 0.26

ZAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ZAM Dividends

  Latest Previous
  Final Interim
Ex-Div 22-Dec-11 n/a
Paid 29-Feb-12 15-Aug-11
Amount 0.45¢ 0.32¢

Trades for 30-May-2012

Time Volume / Share Price
08:39 100,000 @ 32.00p
08:00 165 @ 32.05p

ZAM Key Personnel

CEO Francis Grogan
Finance Director Sushmit Maitra

Top of Page