Zambeef Prod. - Re: ZAM Stream Log - finnCap also put out a...

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15:33 08/06/2016

finnCap also put out a note this morning, it's up on Research tree: "As expected, H1 2016 results show strong momentum in the core Cold Chain Food Products, Retailing and Stockfeed businesses offset by an extremely strong FX headwind when reported in US dollars. There is evidence of a stabilisation or upward movement in agri commodities while cost control was excellent, enabling us to make a 16.5% upgrade to FY2016E adjusted PBT, albeit off a low base. There are still uncertainties relating to the Zambian economy and the settlement of the RCL put option. As such we are not changing ..."

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