RetailJuly 3, 2017

FMCG Kings. The Ontology of Trade Kings
Although TFHZPC loves to dig into the financials of listed companies, there is one company that has been in existence for over 20 years in the Zambian market that has impressed us with its progression. There is very little information about the company in terms of the mechanics of its management because it is not […]

Agriculture, Retail, Zambeef Products PlcJune 11, 2017

ZAMBEEF – 2017 HALF YEAR REVIEW
In the first week of June 2017, Zambeef published its half year results. Shareholders were keen to see how the company had performed post the publication of its 2016 annual report. We reviewed the 2016 annual report and were keen to assess how the company was doing in the first 6 months. Its chairman, Dr. […]

RetailMay 17, 2017

Chance coffee with the owner of a Pizza Franchise in Zambia
The school run season is back. After dropping off my lad at his school, I decided to have a quick coffee as I digested the thoughts of how I was going to create value. So I stopped by the Levy Junction Mugg and Bean and opted to have my fix in the smoking booth. Upon […]

Agriculture, Marketing, RetailApril 28, 2017

Chickens in Market Research
Many companies in Zambia often miss the opportunities that market research gives. Some even convince themselves that it’s either unnecessary or too expensive to undertake. They would rather take their chances in the market. However, those that do make the decision to actually use market research will find themselves only tapping into a fraction of […]

Retail, Zambia Sugar PlcApril 27, 2017

Zambia Sugar at PAAR with Value in 2016
There was little sweetness in the ZamSugar board chairman’s statement that after 20 years of paying consistent dividends, shareholders would not be receiving a dividend for the company’s 2016 performance. Fidelis Banda, its chairman, had forewarned investors in the company that 2016 would pose different challenges ranging from power interruptions to irrigation issues,force majeure situations

Real Estate, Real Estate investments Zambia (REIZ), RetailApril 24, 2017

The Mall Game is Beyond Bloody
When Hyprop Investments Limited bought Manda Hill in 2013,they believed they had landed themselves a gem. With two anchor stores in Game and Shoprite, Manda Hill was the quintessential mall of choice for any retailer who wanted to tap into the gold of the 40,561 sq meters on offer. With 109 stores and 1434 parking […]

Footwear, Zambia Bata Shoe PlcApril 17, 2017

Bata for women in 2017
Bata’s Chairman George Sokota was delighted to present the annual report to the shareholders at their 55th AGM. He acknowledged that government played a huge role in ensuring viable economic policies and for creating an enabling and peaceful environment for doing business. George declared that rural stores were their key value drivers. However, due to […]

Lafarge, RetailApril 11, 2017

Zambian Industry Analysis
The Financial Times of Zambia is proud of the work it is engaged in. We have observed that many non-premier companies (of the SME flavor) in Zambia enter markets without understanding some of the factors that influence a firm’s profit potential. This can only be determined by assessing each industries profit potential because the profitability […]

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RetailApril 6, 2017

Value over Volume
The mining conglomerate Rio Tinto announced its 2016 full year results and while their chief executive J-S Jacques was quoted verbatim saying “Today’s results show we have kept our commitment to maximise cash and productivity from our world-class assets, delivering $3.6 billion in shareholder returns while maintaining a robust balance sheet. At the same time, […]

Lafarge, RetailApril 6, 2017

Lafarge Enters Cement Wars – A case of mixed fortunes
The years 2013 & 2014 will be remembered as the vintage years for the cement company. If you held stock in the company you would have enjoyed your highest dividend to-date at a whopping EPS of 2.12 in 2014. However this has cooled to lower than its 2012 eps albeit still in its expected range. […]

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