Zambeef has made two intra-day announcements today. One deals with the disposal of 90% of Zampalm for the excellent price of US$16m (4p/share). This was in our valuation at zero, and the proceeds will be used for debt reduction. The other announcement deals with a year-end trading update which highlights that trading in Retailing, Cold Chain Food Products and Stock Feed has all been above market expectations while Cropping has suffered some significant one-off challenges. The group is expecte
06 Sep 2017
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Zambeef Products PLC (ZAM:LON) | 5.8 0 0.0% | Mkt Cap: 23.0m
- Published:
06 Sep 2017 -
Author:
Cavendish Research -
Pages:
8
Zambeef has made two intra-day announcements today. One deals with the disposal of 90% of Zampalm for the excellent price of US$16m (4p/share). This was in our valuation at zero, and the proceeds will be used for debt reduction. The other announcement deals with a year-end trading update which highlights that trading in Retailing, Cold Chain Food Products and Stock Feed has all been above market expectations while Cropping has suffered some significant one-off challenges. The group is expecte