Lonzim: A great opportunity at current levels?
LonZim( AIM : LZM ), the investment company focused on Zimbabwe and another Lonrho offspring is participating in the ProActive Investors Presentation on Thursday 26th November. Having floated at 100p and having now made a number of portfolio investments it could represent an interesting buying opportunity.
The group was admitted top AIM in December 2007 when it raised c£28.7m at 100p per share for acquisition and investment into Zimbabwe. Since then the shares have slumped to the current price of 32p – seemingly somewhat harsh but anything goes for micro caps in the current market!
It has now completed seven significant transactions, having invested 80% of funds raised, and built a portfolio of businesses in Zimbabwe, an emerging market favourite of…
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