Agriculture, Strategy, Zambeef Products PlcFebruary 13, 2018

IDC under Attack
It has been an interesting start to the year 2018 for the custodians of all parastatals. IDC closed 2017 with a $15m purchase of ZAMPALM. While the ink was still drying following this acquisition, we learned through zambia24.com that their CEO Mateyo Kaluba (MK) had announced to a Parliamentary Committee on Parastatal Bodies chaired by Msanzala Member […]

Agriculture, Zambeef Products PlcNovember 23, 2017

ZAMBEEF 2017 Analysis  
In a year that was marred with numerous endogenous and exogenous forces, Zambeef weathered a storm that ultimately came to bear as the company only saw revenues increase by 2.48%. Sentimental performance shows that retail sales revenue increased by 27.3%. The Zambeef Macro and Outlet stores saw 18.2% growth in sales. CCFP volumes increased by […]

Agriculture, Strategy, Zambeef Products PlcNovember 17, 2017

Zambeef: When Investors Call the Shots!
When UK’s development finance house, CDC Group, made the acquisition of 17.5% of Zambeef last year for $65m not only was it a positive statement about the reason why Zambia had become an idea investment destination but was a testament to the value creation potential they saw in the farm to shop company. With operations […]

Agriculture, Zambeef Products PlcSeptember 28, 2017

Profit in sight – Zambeef
SENS announcement of 28 September 2017 will bring much delight to investors in Zambeef shares. Carl Irwin and Francis Grogan, the dual CEOs of the company announced that the effects of fungal disease that they believed would wipe out a substantial amount of value (projecting negative earnings), was in fact not as bad as they […]

Agriculture, Strategy, Zambeef Products PlcSeptember 7, 2017

Zambeef loses taste for oil
When the news hit our desk that Zambeef was to sell a 90% stake in Zampalm, its oil producing wing, we asked the question why? Although there were indications that the division was loss making in the recent results, looking at the capacity and potential the division had, it was surprising that the company had […]

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. […]

Agriculture, Zambeef Products PlcApril 6, 2017

The Anatomy of Zambeef’s 2016 Half Year Review
“Doctor TFHZPC, we have a Zambian patient at reception who would like to see you. His symptoms include desire for aggressive growth through expansion by micro outlets. He currently exhibits growth through acquisitions. His desire for value is unabated.” – Nurse “I have been looking at your file patient ‘Z’. You have not been doing too […]

Agriculture, Zambeef Products PlcMarch 26, 2017

Zambeef aggressively feeding the nation..and literally growing value
Just had a quick look at the Zambeef Financials (2013-15) and quiet impressive. Aside from their acquisitions and haircuts received from exchange losses that may cloud the accounts over the last 2 financial years, financial management is sound in my opinion. No apparent risk of default on obligations (although they have a cocktail of instruments […]

Finance, Zambeef Products PlcMarch 9, 2017

ZAMBEEF – Going Bold with a Cleaner Balance Sheet
Zambeef’s 2016 annual report is aptly titled “A bold retail strategy for African growth”. This places some distance between this statement and their original mantra and company logo of “Feeding the Nation” (Zambia at the time). But why did they become so bold? Through vertical integration. As their profile states, they have been able to […]

Agriculture, Retail, Zambeef Products PlcMarch 6, 2017

ZAMBEEF – 2016 Half Year Review
As the 2016 Zambian presidential election results strolled in, many of our readers were busy tucking into Zambeef’s products. The quality of their products resonates with their 2016 half year performance. What stood out from the interim report is how well the vertically integrated company performed operationally. They continue to focus on their core business […]