New thread started as Epic changed from LAF to LONR - May 07.





Epic : LONR

Web Site : http://www.lonrho.com/


Its something different, and something exciting imo.



Nice recent Telegraph write up to (April 2007) :

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/04/04/cnlonrho04.xml


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Lonrho Africa PLC 14 May 2007

LONRHO PLC
('Lonrho' or the 'Company')

SIGNS JOINT VENTURE WITH COUNTERMINE TO EXPLORE LANDMINE CLEARANCE OPPORTUNIITES IN SUB-SAHARAN AFRICA


Lonrho plc ('Lonrho') (AIM: LAF) and Countermine plc, ('Countermine') are
pleased to announce a Joint Venture agreement ('Joint Venture') to jointly
develop opportunities for landmine clearance in sub-Saharan Africa, allowing
previously unusable areas of land in the region to be rehabilitated for
productive purposes. Under the terms of the Joint Venture, Lonrho will offer
funding and its extensive African business network to build the African arm of
Countermine's landmine clearance business.

Countermine and Lonrho, using the ORACLE system, will provide mine clearing
services that are more effective yet less expensive than currently available
methods. Lonrho is committed to providing services and products that support the development of African infrastructure, helping to re-invigorate local
communities. Lonrho views the strategic partnership with Countermine as a
significant development in the implementation of its strategy.

ORACLE MINE CLEARENCE

Countermine produces the ORACLE mine clearance machine. At the forefront of
mine clearance technology ORACLE is the fastest and most cost effective system
available for landmine clearance. Only the ORACLE can move forward at an
efficient rate and cost, while tilling the land to a depth of at least 50cm
preparing it for agricultural use. The ORACLE technology is tried and tested,
having been contracted to the Croatian Government (CROMAC) since 2000,
performing beyond expectations in clearing active minefields.

The ORACLE mine-clearing system is the safest land mine clearance method
currently available and is approximately 100 times faster and more effective
than manual clearing techniques. The Spitfire tool within the machine hits the
mines at such a high speed that it destroys the mines before detonation. The
physical destruction from the mine clearance neutralizes mines and disperses the explosives into the soil meaning that the land is immediately ready for
agricultural or other development.

Antipersonnel mines pose a massive threat to safety in all corners of the globe, claiming new victims every day, with between 15,000 and 20,000 new casualties caused by landmines and unexploded ordnance every year.

Countermine and Lonrho will jointly evaluate potential opportunities. Based on
the successful model already used in Croatia, a local company will be
established in each country to oversee the management and operation of the
projects. The majority of the personnel will be recruited and trained locally in each country, supporting local job creation as well as utilising the intimate local knowledge of the areas that are targeted.

LANDMINES IN AFRICA

The presence of landmines has rendered huge expanses of land in sub-Saharan
Africa unusable. It is estimated that in Angola alone there are approximately
2,900 suspected landmine areas covering a total area of some 1,300 to 1,400
square kilometres. The presence of two or three landmines or even the suspicion
of their presence can result in a large patch of land being avoided and left
derelict. (Source: International Campaign to Ban Landmines: www.icbl.org and
Landmine Monitor Report 2006 www.icbl.org/lm/2006/ ).

David Lenigas, Chairman and CEO of Lonrho commented:

'We are very excited about the Joint Venture with Countermine and we see the
partnership adding value to Lonrho's growth strategy. By rehabilitating large
areas of valuable land we will make a significant difference to African
communities that have suffered terribly as a result of landmines. Countermine
brings with them a strong and experienced management team with all the required
skills and knowledge combined with the best technology available to make this
partnership work.'

Air Marshal Sir John Walker, Vice Chairman of Countermine commented:

'The very large areas around the world contaminated by landmines can only be
cleared in meaningful timescales by heavy mine clearance machinery. Manual
methods are too slow and result in heavy casualties amongst the de-miners. It
is satisfying that ORACLE can play its part in this worthwhile humanitarian
task.'

Lars Nylin, CEO of Countermine commented:

'We are delighted to enter into this partnership with Lonrho aimed at creating a safer environment in Africa. The Lonrho management team brings with them
considerable experience across a variety of industries and their experience and
local knowledge will be a key element in the success of our foray into
sub-Saharan Africa. We believe that this partnership will greatly strengthen the business in line with our strategy going forward.'

Lonrho Africa PLC
11 May 2007


Lonrho Plc
("Lonrho" or "the Company")

Name change from Lonrho Africa Plc

Following approval from shareholders at the Company's AGM, Lonrho Africa Plc has changed its name to Lonrho Plc effective from 10 May 2007.
David Lenigas, Lonrho's Executive Chairman and Chief Executive, commented:
"The change back to the original Lonrho name is consistent with our
determination to build on the strong reputation and recognition that the Lonrho brand enjoys in Africa.
The Company has already demonstrated its ability to execute value adding deals in its targeted business sectors and we believe our potential deal flow will increase through the resonance of the Lonrho brand."

11 May 2007

Lonrho Africa PLC
11 May 2007


Lonrho Plc
("Lonrho" or "the Company")

Name change from Lonrho Africa Plc

Following approval from shareholders at the Company's AGM, Lonrho Africa Plc has changed its name to Lonrho Plc effective from 10 May 2007.
David Lenigas, Lonrho's Executive Chairman and Chief Executive, commented:
"The change back to the original Lonrho name is consistent with our
determination to build on the strong reputation and recognition that the Lonrho brand enjoys in Africa.
The Company has already demonstrated its ability to execute value adding deals in its targeted business sectors and we believe our potential deal flow will increase through the resonance of the Lonrho brand."

11 May 2007

Lonrho Africa PLC 14 May 2007

LONRHO PLC
('Lonrho' or the 'Company')

SIGNS JOINT VENTURE WITH COUNTERMINE TO EXPLORE LANDMINE CLEARANCE OPPORTUNIITES IN SUB-SAHARAN AFRICA


Lonrho plc ('Lonrho') (AIM: LAF) and Countermine plc, ('Countermine') are
pleased to announce a Joint Venture agreement ('Joint Venture') to jointly
develop opportunities for landmine clearance in sub-Saharan Africa, allowing
previously unusable areas of land in the region to be rehabilitated for
productive purposes. Under the terms of the Joint Venture, Lonrho will offer
funding and its extensive African business network to build the African arm of
Countermine's landmine clearance business.

Countermine and Lonrho, using the ORACLE system, will provide mine clearing
services that are more effective yet less expensive than currently available
methods. Lonrho is committed to providing services and products that support the development of African infrastructure, helping to re-invigorate local
communities. Lonrho views the strategic partnership with Countermine as a
significant development in the implementation of its strategy.

ORACLE MINE CLEARENCE

Countermine produces the ORACLE mine clearance machine. At the forefront of
mine clearance technology ORACLE is the fastest and most cost effective system
available for landmine clearance. Only the ORACLE can move forward at an
efficient rate and cost, while tilling the land to a depth of at least 50cm
preparing it for agricultural use. The ORACLE technology is tried and tested,
having been contracted to the Croatian Government (CROMAC) since 2000,
performing beyond expectations in clearing active minefields.

The ORACLE mine-clearing system is the safest land mine clearance method
currently available and is approximately 100 times faster and more effective
than manual clearing techniques. The Spitfire tool within the machine hits the
mines at such a high speed that it destroys the mines before detonation. The
physical destruction from the mine clearance neutralizes mines and disperses the explosives into the soil meaning that the land is immediately ready for
agricultural or other development.

Antipersonnel mines pose a massive threat to safety in all corners of the globe, claiming new victims every day, with between 15,000 and 20,000 new casualties caused by landmines and unexploded ordnance every year.

Countermine and Lonrho will jointly evaluate potential opportunities. Based on
the successful model already used in Croatia, a local company will be
established in each country to oversee the management and operation of the
projects. The majority of the personnel will be recruited and trained locally in each country, supporting local job creation as well as utilising the intimate local knowledge of the areas that are targeted.

LANDMINES IN AFRICA

The presence of landmines has rendered huge expanses of land in sub-Saharan
Africa unusable. It is estimated that in Angola alone there are approximately
2,900 suspected landmine areas covering a total area of some 1,300 to 1,400
square kilometres. The presence of two or three landmines or even the suspicion
of their presence can result in a large patch of land being avoided and left
derelict. (Source: International Campaign to Ban Landmines: www.icbl.org and
Landmine Monitor Report 2006 www.icbl.org/lm/2006/ ).

David Lenigas, Chairman and CEO of Lonrho commented:

'We are very excited about the Joint Venture with Countermine and we see the
partnership adding value to Lonrho's growth strategy. By rehabilitating large
areas of valuable land we will make a significant difference to African
communities that have suffered terribly as a result of landmines. Countermine
brings with them a strong and experienced management team with all the required
skills and knowledge combined with the best technology available to make this
partnership work.'

Air Marshal Sir John Walker, Vice Chairman of Countermine commented:

'The very large areas around the world contaminated by landmines can only be
cleared in meaningful timescales by heavy mine clearance machinery. Manual
methods are too slow and result in heavy casualties amongst the de-miners. It
is satisfying that ORACLE can play its part in this worthwhile humanitarian
task.'

Lars Nylin, CEO of Countermine commented:

'We are delighted to enter into this partnership with Lonrho aimed at creating a safer environment in Africa. The Lonrho management team brings with them
considerable experience across a variety of industries and their experience and
local knowledge will be a key element in the success of our foray into
sub-Saharan Africa. We believe that this partnership will greatly strengthen the business in line with our strategy going forward.'

The article is a few months old now, so hope nobody minds it being posted.

http://www.moneyobserver.com


Money Observer January 2007

Corporate Profile

Big ideas for Tinys legacy

The Lonrho of today is just a shadow of the late Tiny Rowlands trading empire that spanned Africa. Chief executive David Lenigas tells lindsay Vincent about his ambitious plans to generate revenues of $1 billion for Lonrho Africa within the next two years

Lonrho is an institution, but then so is Broadmoor. Not infrequently, long-standing shareholders in the once mighty pan-African trading house must question whether they, too, participate in a zone of parallel weirdness.

Today, just a year after the crushed corporation appeared to be following Tiny to Boot Hill, Lonrho is again pledging to achieve greatness:

Lonrhos creator, Tiny Rowland, has departed this world, but his trademarks,
such as predictable unpredictability, live on. Today, just a year after the crushed corporation appeared to be following Tiny to Boot Hill, Lonrho is again pledging to achieve

greatness: a return to the past, when Lonrho effectively translated to Bwana, and the most powerful trading combine in sub-Saharan Africa. The projections are nothing if not heady: $1 billion (512 million) of revenues within two years,
trading profits of $100 million and a spread of assets, from agribusiness to airlines, ports to print media. All from a company now capitalised at 65 million and sporting a share price of just 29p.
David Lenigas, the man deputed by an intriguing list of disparate investor
groups to revive Rowlands legacy, shares certain similarities with the deceased tycoon. Lenigas is also an outsider, Australia-born to Lithuanian parents and, like India-born, Anglo-German Rowland, clearly a deft hand at orchestrating bloodless boardroom coups.

Saved at the Death:

Barely five days before Christmas 2005, Lenigas wrested control of Lonrho from
Christopher Mills, the Mayfair financier who once had grand designs to break up
the company and then distribute hefty cash dividends to shareholders, of which
his corporate interests, namely North Atlantic Smaller Companies Investment Trust, were the biggest.
In the event, Mills handed over relatively little and infuriated some of Lonrhos
22,000 long-standing smaller shareholders by dismembering the company to the point of near-extinction.
Still, Rowlands loyal band, a dying breed, have done well from his vision.

Dieter Bock, the German financier who ultimately did for Rowland, left the legacy
when he split the leviathan in two mining and trading in 1998, a move that has produced undreamed of riches. The platinum mining spin-off ,Lonmin, has been a stellar success, elevated to the FTSE 100 index. The trading interests were cast to the African winds with a 99 million debt mountain, ultimately eliminated by Mills.
Renamed Lonrho Africa a reversion to just Lonrho is possible the companys
initial post-split price was just north of 1. Lenigas and his supporters struck when the shares were 13p, less than half todays level. Yet at one stage, some shareholders were buoyed by talk from Mills that the break-up value could be more than 50p a share. Lenigas is unrepentant acerbic, even blistering, about some of the prices that Mills, when Lonrhos chairman, accepted for assets. It does my head in when I think about some of them, he says. Such as 1.2 million
for the sub-Sahara Toyota franchise; 17 million for all five Kenyan hotels,
including the landmark Norfolk, sold to Saudi billionaire Prince Alwaleed; 3.3 million in 1999 for National Airways, a freight carrier off ered back to Lonrho last year for 15 million plus debt.

Keeping the Flag Flying:

One of Lenigass first steps as chief executive and joint executive chairman
was to cancel the sale of the last trading asset, the Cardoso hotel in Maputo,
Mozambique, to Portuguese interests. The Cardoso has an insurance value of
$18 million, Lenigas claims, and the suggested sale price was just $3 million.
For $3 million, Id have bought it myself and converted it into a 129-room hacienda.
It makes my blood boil. Tourism in Mozambique is up 37 per cent [on 2005]
and the hotel is having its best year ever.
Lenigass inheritance was 17 million cash, plus the hotel. He says that before he
and his backers swooped to take control of the company, Mills was considering a
deal whereby Lonrho, eff ectively a cash shell, should return to mining by reversing into a company with Zimbabwean gold assets. I went to Mills and said, look, some shareholders dont like this backdoor [shell] scheme. The two agreed that Mills, who is not accused of any impropriety, would step aside at the annual general meeting four months hence. At the event, one elderly, disgruntled
shareholder greeted the new guard by issuing the command to Lenigas: Stand
up so I can take a look at you. Who are you? When do I get a dividend?
Lenigas, 43, powerfully built, is one of Australias fastest-growing exports redblooded, fast-talking, highly ambitious mining men. Hard-case blokes with a talent for either making fortunes or losing them. A breed that never get past the
switchboard of some City institutions, yet receive the welcome mat at others. Men ready to turn their hand to anything that turns into money.
In Lenigass Mayfair office, behind Londons Ritz hotel, visitors might be shown
things that tickle his fancy and investment interest on this occasion, Estonian
beer in a distinctive bottle, or a large, lowcost, Australian-designed, China-made
music system. Lenigas, who says he has been involved with about 20 public companies, pledges 95 per cent of his time will be with Lonrho: Lonrhos my game.

Rich Seam of Experience

What Lenigas brings to the table is a wealth of impressive, hands-on mining
experience, and a history of recent involvement in a mixed bag of mining
enterprises. Asia Energy, the Bangladesh coal miner whose grand plans are now
subject to political intrigue, is probably the best known. In Australia, Lenigas was
feted when, aged 27, he became managing director of Emperor Gold Mining, the
Fijian miner once ranked among Australias top 50 listed companies. In Africa, he
was responsible for the restructuring of Diamond Works, later Energem, a commodities trading business.
Blakeney Asset Management, a $2 billion, specialist African investor, holds 14
per cent of Lonrho and recruited Lenigas as chief executive-elect, its initiative supported by other key shareholders. They include interests of Canadian Peter Cundill, described by Lenigas as a very high net worth individual, with 9 per cent and, latterly, Capital International of the US, which participated in last Septembers 19 million institutional placement. Capitals involvement, at 4.8 per cent, is eye-catching since, with $1.3 trillion under management, it is the worlds biggest fund. Lenigas says of his key shareholders: They have deep pockets and are going to pretty well invest all the way up. The top 26 shareholders own 74 per cent of the company. He accepts some smaller shareholders will resent being diluted, and predicts a rights issue for all investors towards the end of 2007. Until then, the best quality money is large-scale, institutional funding. Lenigass co-chairman, Gerald Holden, 42, is ex-Barclays Capital, where he headed the mining and metals division. He brings experience of project finance. You have to have this in-house expertise, says Lenigas, who holds 3.5 million share options, exercisable at 17p. Holden has five million, exercisable at 33p.
Right now, Lenigas is beset with almost unqualified optimism and
he has much to dream about. The deal machine is cranked and, to date,
the flow includes 49 per cent in Five Forty Aviation, a no-frills airline with its hub in
Nairobi; 43 per cent of Norse Air, a Johannesburg charter and air-freight operation; 9.94 per cent in Brinkley Mining, which has a deal with Congos Atomic Energy Commission to develop the republics uranium resources; 17 per cent in Nare Diamonds, which has found some unusually large gems on its lands, a fact Lenigas attributes to its former off-limits status as a military zone.
The cost of this shopping list, less than 12 million, seems minor when
measured against Lenigass major ambitions. He predicts, for instance, that the
Kenya airline, launched on 24 November, will expand into a five-country network,
carrying 168,000 passengers a year. The deal pipeline includes southern African
agri-businesses, plus new hotel investments. Nothing, it seems, is ruled out.
We are going to impact two-thirds of the countries in Africa, he says.
Old Lonrho employees want to come back. I am getting three calls a day from
ex-senior managers asking: Can I come and see you? I can help you with your
vision. Lonrhos greatest franchise is its history. Everyone knows the name, and I met presidents who still think its employs 200,000 people across Africa. Being head of Lonrho opens the doors to so many deals. The name is worth a fortune.
A fortune beckons, he believes, from Lonrhos current investment flagship
a 63 per cent stake in Luba Freeport, on the coastal island of Bioko, Equatorial
Guinea, the oil-rich republic best known for the failed coup attempt that involved
Mark Thatcher. Lonrho paid a bare $2 million for 63 per cent of the equity the
balance is held by the government and picked up $11.3 million of secured debt
previously held by Amerada Hess, which had loaned money to two guys with the
initial vision of a port. This is a fantastic port, the only deep-water port in the guts of Africa, he says. As Equatorial Guinea assumes increasing importance as a source for US refineries, its strategic significance is underlined by US Navy proposals for a base on nearby San Tome island.

Big Oil Comes Calling

The client list is impressive Mobil, Marathon, Chevron Texaco, Petronas and
others and Jurong, a Singapore-based world leader in port development which is behind the immediate two-year $50 million expansion programme. Phase two
will cost the same. So-called phase three, five years hence, will see Luba progress from an oil facility to what Lenigas predicts will be the premier west African hub, a regional trans-supply port like Dubai. He estimates that before then it will be generating revenues of $30 million-plus. Amid the heightened risks of doing business in Africa, Lenigas is adamant about one sensitivity: I havent paid a cent of corruption money and I am not going to. I havent even been asked. We are dealing with people at high levels of government in every country, and you see a willingness at that level to move their countries forward. Many of them were educated overseas. Very articulate, smart people smarter than me. ?


.

http://allafrica.com/stories/200705150688.html


East Africa: Fly540 Introduces Two Aircraft in Route Expansion Drive

The East African (Nairobi)

Posted to the web 15 May 2007

Fred Oluoch
Nairobi

Lonrho, the proprietors of the low-cost Fly540, has introduced two Dash 8-100 turbo prop aircrafts that will increase the airline's capacity. This will allow it to venture into new domestic routes to Lokichogio, Wajir and Mandera.

Coming at a time when the aviation industry is preoccupied with the issue of safety, Lonrho management emphasises that the Canadian manufactured Dash 8-100 turbo prop aircraft, which carries 37 passengers, has an excellent safety record and is extremely popular with low-cost airlines around the world due to low operating costs resulting in a significantly lower break-even point.

Turbo prop aircraft are more fuel efficient than jets, allowing Fly540 to offer low budget fares, filling a large gap in the Kenyan market for affordable air travel.

Fly540 introduced its first service to Mombasa last November and was well received by both business and leisure travellers. The airline has since added three more routes including Malindi, Lamu and Kisumu and is the largest domestic low budget air carrier in East Africa.

The airline intends to expand to international destinations by the end of this year to include a minimum of four other regional destinations in East Africa and another four in 2008.

Last month, Fly540 carried over 10,000 passengers demonstrating the demand for low budget air travel in East Africa.

The rapidly increasing demand for such services makes this a high growth area of business aligning it with Lonrho's renewed strategic focus. The Nairobi based pan-African company holds a 49 per cent interest in the airline.

According to Lonrho's executive chairman and chief executive David Lenigas, the addition of the two aircrafts will add value to the existing fleet and a significant step towards expanding to regional destinations outside Kenya in the near future.

"The direction Fly540 has taken significantly strengthens Lonrho's position and strategy aimed at enhancing infrastructure and related services in Africa through investments in these very high growth sectors.

It is our intention to provide low-cost value-for-money air travel in Kenya and the region, and Fly540 has been instrumental in allowing this to happen," he said.

Apart from the airline business, Lonrho is in the process of re-establishing a significant presence on the African continent.

Its investment and acquisition strategy, which was adopted following the appointment of Lenigas as chairman and chief executive and subsequent shareholder approval in February last year, focuses on the infrastructure, transport, natural resources, leisure and agribusiness sectors.

http://nebuchadnezzarwoollyd.blogspot.com/2007/05/landmines-and-lonrho.html


Wednesday, May 16, 2007

Landmines and Lonrho

A South African and a British company have come together to develop a project for land mine clearance. The companies are Lonrho and ................

Good spot PP. The chatter on this latest deal seems to spread. sp 33.5p

Lonrho PLC
21 May 2007



LONRHO PLC
('Lonrho' or the 'Company')

Lonrho Completes 16.46 million Placing

Placing of Ordinary Shares


The Board of Lonrho is pleased to announce that the Company has raised 16.46
million gross (15.82 million net of expenses) by way of a placing of 51,449,381
new ordinary shares of 1 pence each in the share capital of the Company
('Placing Shares') at 32 pence per Placing Share with certain institutions and
other investors ('Placing').



The Placing Shares will represent approximately 19 per cent of the Company's
enlarged issued share capital and application will be made for the admission of
the Placing Shares to trading on AIM. It is expected that dealings in the
Placing Shares will commence at 8.00 a.m. on 24th May 2007. The total number of
shares in issue following completion of the Placing will be 275,678,471.



The Placing will enable the Company to continue to provide the necessary funds
for its growing investments in Africa and will also fund further investment
opportunities that are in line with its strategy.

21 May 2007

Guscavalier comment. I think we knew that a fund raising was on the cards although I thought it might be larger and offer shares by rights issue. The 32p price is a fair one for existing shareholders as there is little discount. I dont think the shares will weaken much from here but should they drift to under 30p I will probably have some more.

Yep, money raised, as expected......and onwards they go now to expand Lonrho with some more profitable acquisitions :)

Lonrho PLC
23 May 2007

LONRHO PLC
'Lonrho' or the 'Company'

Holding in Company

In conformity with the Transparency Directive, Lonrho was informed on 22 May
2007 by Ospraie Management, LLC that, as at 18 May 2007, The Ospraie Portfolio
Ltd was interested in 19,573,511 ordinary shares of 1 pence each in the share
capital of the Company ('Ordinary Shares') and Ospraie Advisors, L.P. and
Ospraie Special Opportunities Master Holdings Ltd were interested in 8,253,632
Ordinary Shares. Accordingly their combined interest is 27,827,143 Ordinary
Shares, representing an increase in shareholding to approximately 10.09% of the
Company's issued share capital.

23 May 2007

Guscavalier comment: Looks like they repurchased shares previously sold + more.

Lonrho PLC 01 June 2007
LONRHO PLC
'Lonrho' or 'the Company'

LONRHO STRENGTHENS MANAGEMENT TEAM

Lonrho Plc ('Lonrho'), the African conglomerate with a diverse portfolio of investments ranging from infrastructure, transportation, support services and natural resources, announces today two new appointments to the management team.

Jean Ellis joins the Lonrho Board as Finance Director with immediate effect.
With 17 years experience as a Chartered Accountant and Chartered Tax Adviser; Ms Ellis is, and will remain a partner in Chartered Accountants Duncan Sheard Glass ('DSG'). Ms Ellis, 37, was previously the Group Financial Controller and Tax Manager with Lonrho Africa Plc and also held a number of Directorships for its subsidiary companies. Since joining DSG in 2002, Jean continued to act as a consultant to Lonrho, remaining closely involved with the Company's finance and taxation.

Mr Geoffrey White also joins Lonrho as the Chief Operating Officer. Mr White, 46, most recently worked for the private office of His Highness Sheikh Khalifa Al Thani, the Emir of the State of Qatar, in London. During his 25 year career, he has held senior management roles with Thomas Tilling Plc, BTR Plc and Dee Corporation PLc. He has been responsible for planning, financing, developing and managing a range of projects in the leisure, industrial and natural resource sectors. These projects include establishing joint ventures with corporations including Hilton International, Ford Motors (PAG), Praton International GmbH, FFS Refiners Pty Ltd, Sengamines Sarl, Oryx Natural Resources, African Mining Investments Ltd and Pegasus Energy Ltd.

Lonrho CEO David Lenigas commented:

'I am very pleased that as we rebuild the Company's brand and presence across Africa, the appointments of Jean and Geoffrey as Finance Director and COO respectively further strengthens our Board and management team as the rapid re-growth of Lonrho progresses.

The appointment of Mr White looks particularly interesting. I expect he has the right connections given his history. BTR was the darling of its day, which took over many companies and had an excellent growth record. Institutions made millions from that one. Infact, I believe it took over Thomas Tilling.

Agreed on Mr White.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/03/cnzimbabwe03.xml

Lonrho breaks taboo with Zimbabwe venture

By Sylvia Pfeifer, Sunday Telegraph
Last Updated: 1:22am BST 03/06/2007

Investors will be given the first opportunity to invest in Zimbabwe through an innovative vehicle ....................................

Yes, this is more like it. Making an early move on Zimbabwe through the new vehicle although, perhaps contrarian, could prove extremely profitable if all goes well. I think this also reiterates the point that Magabe"s regime may be braking up behind the scenes. Mr White may be quite useful in any negotiations given his background ?Although Lonhro will be taking a major stake in Lonzim, existing holders of Lonhro may get a chance to subscribe (i.e retail investors mentioned in the article).Never a dull moment with this one a present.

http://business.timesonline.co.uk/tol/business/money/investment/article1874661.ece

From The Sunday Times
June 3, 2007

Go off the beaten track

"..........and if you want exposure to Africa, you can buy shares in Lonrho, a pan-African investment company........."

The Times comment was brief. Good spot PP. We should get more UK press coverage from now on. Be interesting to see what the sp does today.

Lonrho PLC 07 June 2007

LONRHO Plc
('Lonrho' or 'the Company')

LONRHO BYTES INTO THE AFRICAN IT INDUSTRY

Lonrho is pleased to announce that it has exchanged contracts to acquire 65% of one of Mozambique's largest commercial Information Technology Solution Providers, Sociedade Comercial Bytes & Pieces, Limitada ('Bytes & Pieces'), which provides turnkey network solutions and maintenance and support to Mozambique businesses, NGO's and Government organisations. Bytes & Pieces featured at 53 in the KPMG 'Top 100 Companies in Mozambique' survey in 2004.

Bytes & Pieces is an authorized distributor of Dell equipment in Mozambique, providing Enterprise Solutions on a Dell hardware platform.

The IT company is a Microsoft Certified Partner and was awarded the System Builder Partner of the Year 2006 for East and Southern Africa. Bytes & Pieces is also an authorized distributor or value added reseller for CISCO Systems, MGE UPS Systems and Legrand networking products.

Lonrho is buying the stake in the Bytes & Pieces for $2.34m and will take up two thirds of the board positions. The two founders of Bytes & Pieces, Vijay Thadani and Veronica Miller, will together retain 35%. Bytes & Pieces recorded profits before tax of US$854,000 in 2006, on revenue of US$8.6 m.

The company now plans to expand into the region using the Bytes & Pieces model with a distribution division for high quality networking products and also with an Enterprise Solutions implementation division based upon the Dell hardware platform. The first countries in which the company will expand include South Africa, Zimbabwe, Zambia, Swaziland, Lesotho, Botswana, Namibia, Malawi and the
Democratic Republic of Congo.

Lonrho Chairman and CEO David Lenigas commented:
'As the majority shareholder in Bytes & Pieces, Lonrho intends to further build on the IT company's success and replicate the business model built up in Mozambique to the rest of Africa.'

'This acquisition is another example of Lonrho's strategy of investing in African infrastructure. We are entering into this field as it services African business with high quality IT solutions, an essential tool for helping them to
grow and prosper while keeping up with the rest of the world'

The Bytes & Pieces deal seems cheap enough. A company on the face of it worth US$3.6m earning a PBT of US$854,000 in 2006 and producing Gross profit margin of around 10%. Good to see the founders staying on board with a 35% stake. Should be some attractive growth potential given the Microsoft, Dell, Cisco etc. connections. sp 33.75p

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/07/cnlonrho107.xml

"Lonrho to gamble 100m in Zimbabwe fund"
By Tom Stevenson


Lonrho is to double the size of a planned Zimbabwe investment fund to meet strong demand from around the world, according to chairman David Lenigas. LonZim is now looking to raise 100m, twice the 50m it indicated earlier this week.

The company has courted controversy by offering investors a way to back economic recovery in the pariah state, where 80pc of the population is out of work and personal wealth has been destroyed by hyperinflation and social unrest.

David Lenigas, the Australian deal-maker who is engineering a renaissance at the Aim-listed rump of Tiny Rowland's former business empire, is unapologetic about the move into Zimbabwe.

"My vision is that Lonrho puts hundreds of thousands of Zimbabweans back to work with reasonable pay and a future for their families. Up until a few years ago, Lonrho was the biggest employer in Zimbabwe and my job is to make Lonrho as big again as it was, as quickly as possible."
Since the arrival of Mr Lenigas, Lonrho has grown rapidly through the acquisition of stakes in water bottling, air cargo and low-cost passenger airline services. The company will today announce the acquisition of a 65pc stake in Mozambique's biggest commercial IT distributor. "This is another example of Lonrho's strategy of investing in Africa's infrastructure," Mr Lenigas said. "It's an essential tool for helping them to grow and prosper while keeping up with the rest of the world."

But its Zimbabwean venture is its biggest gamble yet. Because of the high risks, it is setting up LonZim as a separate business in which it will probably take a stake of only about 20pc plus a management contract.
"Do I want to give Lonrho shareholders 100 cents to the dollar risky exposure to Zimbabwe? No. Because you don't know how long the money's going to be locked up," he warned. "It's buyer beware. You give us 100m and you have to trust that we have enough business acumen to put those funds to work in a proper fashion."

Under the catastrophic rule of Robert Mugabe, inflation has soared to 3,700pc and four in five Zimbabweans live on less than $1 a day. According to economic and political analysts Global Insight, "the economic and social meltdown is expected to continue over the short term and GDP is expected to contract by around 5pc in 2007".

Despite the scale of the crisis, foreign investors are queuing up to take a position ahead of any post-Mugabe regime. Mr Lenigas believes he could raise much more than 100m but would struggle to deploy the funds. "Collins Stewart [Lonrho's broker] said it had never seen such a response to a concept. The phones are running hot," he said.

Initially, investment will mainly be in property. "Commercial property is cheap as chips, the infrastructure in Harare is fantastic but it's fire-sale prices," he added. "We also see a big market in residential property and resorts and game parks too. As the economy in Zimbabwe grows, and it will do, the tourists will come back. Tourism is going to be one of the first areas that opens up in a revitalised Zimbabwe."

Recovery is not imminent. This week the Zimbabwean government signed a wage and price protocol with business and labour groups designed to bring the monthly rise in inflation down to 25pc from the current 100pc. But as Global Insight said: "It remains to be seen if all parties that signed the agreement will adhere to the conditions, not least the government."

If Mr Lenigas makes a success of Lonrho's re-entry to Zimbabwe, it will mark a return to the company's roots. Originally the London and Rhodesia Mining and Land Company, Lonrho remains a household name in Africa and Tiny Rowland is still revered.

Mr Lenigas hopes many of Lonrho's former staff will return. "There aren't many people living or working in Africa who haven't either worked for Lonrho in the past, or their father or uncle worked for us."

There will be some tricky negotiations going on in order to protect any investment in a post Magabe regime. Very interesting to see the amount of demand for the LonZim idea so if you follow the money you come to the conclusion that there is every incentive for government change. Personally, I would be more inclined to buy Lonhro rather than Lonzim given the former's diverse interests.

Mackenzie Cundill Inv Man (first referred to in previous old LAF thread) has increased stake from 9.38% to 11.11%. sp up 1p to 34.5p

Keeps on moving up :)

Lonrho PLC 19 June 2007
LONRHO PLC
('Lonrho' or 'the Company')

Lonrho plans to develop new airline in Angola

Lonrho (AIM: LONR) has signed an exclusive Memorandum of Understanding ('MOU') with Sociedade De Gestate E Participacoes Financieras SARL ('GEFI'), one of the largest internal investment companies in Angola.

Lonrho plans to develop a new airline in Angola for the passenger, freight, leasing and charter markets with GEFI, through their wholly owned subsidiary Planar, an aircraft operating agency, that currently owns warehousing and office facilities at Luanda airport. GEFI also owns further facilities throughout the country, including the required flight permissions and licences to operate the new airline.

Lonrho's exposure within the aviation sector puts it in a strong position to manage the new airline. Subsidiaries include the Budget airline Fly 540 operating in East Africa and Norse Air, an aviation logistics company operating across a number of countries.

The MOU provides a three month exclusive period for the parties to review the opportunities in the Angolan aviation market and structure and commence the development of the new airline.

David Lenigas, Chairman and Chief Executive Officer of Lonrho, commented:

'Today's announcement is another example of Lonrho's strategy of investing into African infrastructure. The MOU with GEFI should allow Lonrho to develop a new airline to support Angola's strong economy, which is being aided by accelerated growth from oil and diamond revenues.

By partnering with GEFI, and its established infrastructure, we envisage that Lonrho will utilise its expertise and build on its aviation network. We believe that the new airline can rapidly become a significant part of an expanding domestic market in Angola and a buoyant natural resources market across Africa.

Finally, Lonrho believes that good aviation services provide one of the fundamental legs of the infrastructure that Africa requires to grow.'

Lovely moves today :)

The tie up with GEFI looks interesting with the latter owning various aviation assets in Angola. The Memo of Understanding will give the two parties time to evaluate the business before commiting further. sp is up 9% to 38.5p. Given the 1.5million share turnover, can only assume mms are a bit short of stock.

sp 39.25p. May be felt in some quarters that sp begining to get ahead of itself but, more institutions will wish to get on board as the situation develops.

Just for the record:- 22 June 2007
LONRHO PLC
('Lonrho' or the 'Company')

Increase in Nare Diamonds Shareholding


Lonrho (AIM: LONR), the African conglomerate with a diverse portfolio of
investments ranging from infrastructure, transportation, support services and
natural resources, announces today that it has increased its shareholding in
Nare Diamonds Limited ('Nare') to 23,194,352 Ordinary Shares which represents
20.26% of the issued share capital of Nare. This is an increase in Lonrho's
shareholding from 19.05%.

RIO is the best managed.

Reported on Reuters 27/6/07 that Magabe is threatening to seize foreign businesses and assets that he says have raised prices and cut output in order to oust his government.He accuses Britain of trying to overthrow him. Full article on reuters.com and then type "Zimbabwe" in search section.

Seems to me to be a deparate statement from a desparate man. He is bringing his own downfall. sp has ticked up to 40p.

LONRHO PLC

('Lonrho' or the 'Company')

Nare Diamonds Sale Sparkles





02 July, 2007

Lonrho (AIM: LONR), is pleased to announce outstanding results from a recent
sale of a parcel of diamonds by Nare Diamonds in which it holds a 20.26% stake.

Nare, which operates the Schmidtsdrift mine in South Africa, sold 2,394 carats
for a total of US$2,893,656.

The sale, by public tender in South Africa was Nare's second largest since it
re-commissioned the Schmidtsdrift mine in April 2006. It achieved the second
highest average price of US$1,209 per carat.

Lonrho announced on the 21st June, 2007 it has increased its shareholding in
Nare Diamonds from 19.06% to 20.26%. sp 40.5p

RNS Number:9869Z Lonrho PLC 10 July 2007

LONRHO PLC
("Lonrho" or the "Company")

ACQUIRES 45%
OF SOUTH AFRICAN SHIPPING LINE

Lonrho (AIM: LONR), the African conglomerate with a diverse portfolio of
investments ranging from infrastructure, transportation, support services and
natural resources, announces that it has acquired a 45% stake in SA Independent
Liner Services (PTY) LTD ("SAILS") for a total sum of US$6.0m. Lonrho also has
an option to acquire a further 6% stake in the company from existing
shareholders over the next 5 years.

The SAILS Operations

SAILS is a ship operator and shipping line currently based in Cape Town, which
focuses on shipping freight from South Africa to West Africa, Belgium, Germany,
Holland and the UK. SAILS concentrates on containerised shipping and works
closely with four strategic South African industries; motor manufacturing,
chemicals, mining and agriculture. Each of these industries are large
water-based transport users.

Current clients include world leading companies focusing on chemical
manufacturing, food retailing, and transportation, Some of SAILS's larger
clients are:

* Sasol
* Tesco
* ZIM Line

The SAILS fleet

The SAILS fleet currently operate two sister ships, namely the 8,300 tonne MV
Berta and 8,300 tonne MV Emilia. Both vessels have a carrying capacity of 650
twenty foot containers (TEU) and onboard cranes suitable for small ports.
Lonrho's investment will be used to expand the fleet to five vessels over the
next nine months.

SAILS has been operating since March 2006 and has already secured US$20 million
worth of shipping contracts for the next twelve months for its two existing
vessels. The additional vessels scheduled to join the fleet over the coming
months will allow SAILS to add additional contracts and customers to next year's order book.

The SAILS shipping routes

The focus is to provide a regular, reliable scheduled service to West Africa,
and Europe calling at - Durban, Port Elizabeth, Cape Town, Tema; Lagos,
Rotterdam, Felixstowe, Bremerhaven and Antwerp. In the medium term SAILS is
constantly monitoring and assessing alternative trade routes, including
potentially East Africa, looking to expand rapidly to support the needs of its
already strong client base.

South Africa has no commercially navigable rivers, but, capitalising on the
country's two-ocean frontage, ocean shipping has long been a feature of its
transportation network. Approximately 98% of the country's exports are conveyed by sea. Containerised freight movements into and out of South Africa have been growing at more than 6% per annum for the past 10 years. The average annual growth rate from 2003 to 2006 was 12%. With West African connections developing steadily and with the World Cup Football being hosted in South Africa in 2010, volumes are set to increase on a consistent basis. Container shipping remains the most efficient, viable and eco-friendly mode of transport for international freight shipments.

Ian Wicks will continue as the Managing Director of SAILS. Ian has 30 years
experience in the freight shipping and logistics industries.

This deal builds on and strengthens Lonrho's interest in transport in Africa and taps into an industry that will benefit greatly from increasing trade between Africa and the rest of the world.

David Lenigas, Lonrho's Executive Chairman and Chief Executive, commented:

"We are delighted to announce this subscription for a substantial interest in
SAILS. The company's operations connect Europe to Africa providing the
opportunity to strengthen trade connections between the two continents. The
company has an experienced management team and a blue chip client base and we
are excited at the future growth prospects of the company. Amongst others, the
ZIM Line contracts (the world's 10th largest shipping line), demonstrates the
confidence that the market has in the future of SAILS"

"SAILS joins Fly 540, Norse Air and Lonrho Air, as part of Lonrho's
transportation division and this acquisition is another example of Lonrho's
strategy of supporting African infrastructure. We believe that by investing in
transportation and related companies, international and national trade will
grow, living standards will improve, and a substantial difference will be made
in Africa."

Ian Wicks, SAILS Managing Director, commented:

"The subscription by Lonhro signals a new chapter in the development of SAILS.
This is an age old industry and the links and support that SAILS has developed
in its first year of operation will definitely grow and expand in the next two
to three years. As a regular independent operator we have already made huge
strides towards achieving our goals."

11 July 2007

LONRHO Plc
("Lonrho" or the "Company")

Accelerates expansion plans at Luba Freeport
to meet increasing demand

Lonrho (AIM: LONR) is pleased to announce that the phase 1 development of the
deepwater quay at Luba Freeport ( "Freeport"), owned 63% by Lonrho Plc and 37%
by the Government of Equatorial Guinea, is progressing ahead of schedule and on
completion will almost double the handling capacity of the Freeport. The
development of a further 70 metres of the deepwater quay is being built by
Danish contractor E. Pihl & Son A.S., the Danish marine infrastructure
specialists, who expect the expansion to be completed and operational by October
2007.

Additional 110 metre quay extension by Q2 '08

Lonrho has further agreed to immediately proceed with orders for the long lead
materials (piles and structural items) for a further 110 metres deepwater quay
extension to fast track the continued growth of the Freeport. It is envisaged
that this extension will commence in December 2007 and be completed during the
first half of 2008. This will take the deepwater quay facilities to 290 metres,
allowing larger shipping vessels to utilise the Freeport's facilities.

Since acquiring the Freeport last year, Lonrho has made a significant investment
of more than US$30 million to develop it as the central logistics, maintenance
and support base for the rapidly expanding oil and gas sector in the Gulf of
Guinea.

Completed Facilities

New facilities have been built and are now operational at the Freeport,
including a 10,000 square metre specialist transit area, new catering and
accommodation facilities and a 10,000 square metre logistics development for
Baker Hughes, one of the world's largest oilfield service companies. Companies
now operating from the Freeport include Amerada Hess, Schlumberger and Baker
Hughes.

New Facilities

A 60,000 square metre logistics facility is currently under construction for
ExxonMobil and a 3,200 square metre warehouse facility which is being built for
MI Swaco is expected to be completed by the end of September 2007.

Lonrho Hotels

Lonrho Hotels, a division of Lonrho, has agreed in principle to develop a
residential based hotel with 220 rooms at the Freeport to accommodate the
increased demand from the oil and gas service industry.

Lonrho Hotels is also considering building a number of apartments at the
Freeport to accommodate the requirements of long stay expatriate workers.

David Lenigas, Chairman and CEO of Lonrho commented:

"In partnership with the Government of Equatorial Guinea, Lonrho is confident
that the Luba Freeport is now fulfilling its potential as the regional hub for
the oil and gas industry in the Gulf of Guinea. It is clear that our growth
estimates for the sector were conservative and we can accelerate the Freeport's
development to meet market demand. Luba is going from strength to strength."

"The Gulf of Guinea opportunities continue to grow with major new gas finds
being announced last week strengthening Luba's geographical position in a region
which now produces more than half a million barrels of oil per day (ExxonMobil
producing 250,000 bpd). The US Government has announced that it expects to
source 25% of its annual oil requirements from the Gulf of Guinea within the
next five years."

Gus comment:- last para particularly interesting.

Lonrho PLC
20 July 2007

LONRHO PLC
('Lonrho' or 'The Company')

Lonrho's LonZim banks 32.3 million

Lonrho Plc ('Lonrho'), the African conglomerate with a diverse portfolio of
investments, ranging from infrastructure, transportation, support services and
natural resources, announces today that its newly established subsidiary LonZim
Plc ('LonZim') has raised an initial 32.326 million (US$66.234 million) from a
number of existing institutional shareholders of Lonrho by issuing 46,180,958
LonZim shares.

Lonrho holds 30,000,001 shares in LonZim as the founding shareholder (cost
3,001) representing 39.4% of that company and currently holds all board
positions.

LonZim intends to raise additional funds and seek a listing on a major stock
exchange over the coming months.

On listing, Lonrho's arrangements with LonZim will be:

Lonrho's initial shareholding will be escrowed for a period of
5 years.

Lonrho will hold a management contract with LonZim whereby it will
receive 1% of gross assets under management and 21/2 % of gross
turnover of LonZim per annum.

Lonrho will not compete with LonZim in Zimbabwe whilst Lonrho manages
LonZim.

LonZim funds will be escrowed until successful admission to trading on
a stock exchange.

LonZim's principal focus will be to acquire and invest in key assets in the
property, infrastructure, hotel and commercial sectors in Zimbabwe and
neighbouring countries including the important access corridor to the coast at
Beira in Mozambique.

Lonrho's management team and consultants offer an in-depth understanding of
business and investment in Africa, including Zimbabwe. The team brings
significant experience in successfully brokering and completing transactions and
developing companies in challenging parts of the continent.

LonZim will adhere to all international and national laws applying to foreign
investment in Zimbabwe and plans to implement and adhere to best practice in
corporate governance.

David Lenigas, Lonrho's Executive Chairman and Chief Executive, commented:

'There are clearly risks associated with investing in Zimbabwe and this
financial commitment from Lonrho's existing institutional investors by
subscribing for LonZim shares, prior to a listing, demonstrates their belief
that the opportunities for economic growth in the country are enormous.'

'Lonrho believes that there is a substantial commercial opportunity in the
Zimbabwean market, which has deteriorated due to severe underinvestment. This
potentially offers significant upside. As such I believe that cautious and well
informed investment in Zimbabwe and the coastal access corridor will ultimately
offer excellent returns for LonZim shareholders as well as Zimbabwean businesses
and the Zimbabwean economy.

'I strongly believe that the best way to encourage economic growth within a
country and nurture the development of a strong infrastructure and thriving
business culture is through private, foreign direct investment and LonZim fits
with that principle.'

Guscavalier comment: Investors would certainly be buying into Zimbabwe at rock bottom prices. This will need considerable negotiation skill given the situation. Nice earner for Lonhro if things pan out well.sp 39.5p. Query figure of 3001 re cost of 30,000,001 shares in LonZim.

Lonrho PLC
23 July 2007


23 July 2007
LONRHO PLC

GRANT OF SHARE OPTIONS


The Board of Lonrho Plc (the 'Company') announces today the grant by the Company
on 20 July 2007 of options over, in aggregate, 5,195,000 ordinary shares of 1p
each in the share capital of the Company ('Shares') to directors, employees and
consultants as follows:


David Lenigas (Executive Chairman and Chief Executive Officer) 1,615,000

Emma Priestley (Executive Director) 1,065,000

Jean Ellis (Finance Director) 350,000

Martin Horgan (Non-Executive Director) 200,000

Donald Strang (Non-Executive Director) 200,000

Senior Employees and Consultants other than Board members 1,765,000


TOTAL 5,195,000



The grant of the options was made under the Company's Unapproved Share Option
Plan other than those to the non-executive directors and a consultant (whose
options were granted under stand-alone option agreements on similar terms to
those under the Unapproved Company Share Option Plan).

The exercise price will be 44 pence per share, exercisable until 20 July 2012.

A further 1,500,000 Shares are to be allotted to a consultant by way of bonus
award, the Company paying the subscription price of the shares.

Guscavalier comment: sp well supported at 41.25p today. The option grant gives good incentive and exercise price stands at a reasonable premium to current share price.

Some strength yesterday and again today, all very good.

PP - perhaps the strength is a reaction to the Lonzim deal where Lonr have taken a 39.4% stake for a song. With the management contract in place as well it could work out very well for Lonr. Perhaps the Company will gain a bit more following now. sp 44.25p

http://www.growthbusiness.co.uk/news/city-news/257524/lonrho-moots-70m-zimbabwe-float.thtml

Tuesday 24th July 2007

Lonrho moots 70m Zimbabwe float

African conglomerate Lonrho has raised 32 million privately for its Zimbabwe arm, which plans a 70 million AIM float.

AIM-quoted Lonrho, headed by entrepreneurial Australian David Lenigas, has raised the pre-float money at 70p a share for its newly established LonZim subsidiary from a variety of investors, including US and Middle East hedge funds and James Packer from Down Under. LonZim, which says it intends to focus on joint ventures with local entrepreneurs in hotels, motor dealerships, transport, support services, infrastructure and natural resources, expects to price its later 70 million AIM float at 100p a share.

Lenigas makes it clear he is striving to recreate Lonrho as a force in African commercial development, in the manner of the companys late founder and combative driving force Tiny Rowland. He insists there are plenty of talented Zimbabwean business people planning for life after the ageing and dictatorial President Mugabe finally departs. Lenigas argues worthwhile joint venture deals not takeovers can be struck with them. Removing rho, with its echoes of white-ruled Rhodesia, from the local companys name and substituting Zim, is seen as a tactful move.

Shares in Lonrho, formerly Lonrho Africa, have been on a recovery path since 2004, rising from 9p to 42.75p, more than twice Growth Company Investors recommendation at 20.25p last year. Hold on.

Just as a guide, at 44p, Lonr's market cap is 122 million. Assuming Lonzim is floated at 100p, this will reflect a 30 million valuation on Lonr's Lonzim shares or 25% of Lonr's capitalisation. Interesting to see James Packer as one of the investors.

RNS Number:4076B Lonrho PLC 02 August 2007

LONRHO PLC

ANGOLA CNIDAH INVITES LONRHO / COUNTERMINE TO

ASSIST IN LANDMINE CLEARANCE

Lonrho plc (AIM: LONR) who established a joint venture for Africa with Countermine plc, ("Countermine") in May 2007 to develop opportunities for landmine clearance in Africa, is pleased to announce that, following presentations in Luanda, they have been invited by 'CNIDAH' ( Comissao Nacional Inter-Sectorial de Desminagem e Assistencia Humanitaria ), the Angolan Government body responsible for landmine clearance, to supply an ORACLE 2 landmine clearing machine for evaluation and appraisal in conjunction with the Angolan Government.

The ORACLE 2 allows previously unusable areas of land suspected of being contaminated by landmines to be rehabilitated for productive purposes safer and faster than manual land clearance methods.

General Petroff, the Presidente da Comissao of CNIDAH, confirmed in the invitation that Angola has 1,500 square kilometers of land that are currently rendered useless due to the presence of landmines. He confirmed that the current clearance rate, using manual demining practises is only 10 square kilometers per year.

CNIDAH has undertaken to fast-track the evaluation process, and will provide a mined area of land for the process, facilitate all approvals and licences required for the importation of the equipment, and to ensure that all relevant civilian and military expertise partakes in the test.

Following this, the CNIDAH has agreed to rapidly produce a report on the results of the evaluation for all the relevant authorities.

David Lenigas, Chairman and Chief Executive Officer of Lonrho commented :

' We are delighted that in less than three months of Lonrho agreeing the African rights to the Countermine ORACLE system, Lonrho has delivered a tangible and exciting opportunity to assist Angola with its landmine issues.

The invitation from the Angolan Government is a significant step and permits the ORACLE 2 to demonstrate its abilities. Angola is a rapidly developing country and it is a fundamental part of the development progress that the country's landmines are relegated to history as soon as possible. I am confident that the ORACLE 2 will help expedite this process.

Lonrho is committed to providing services and products that support the development of African infrastructure, helping to re-invigorate local communities. Lonrho views the strategic partnership with Countermine as a significant development in the implementation of its strategy.'

ORACLE MINE CLEARENCE

Countermine produces the ORACLE mine clearance machine. At the forefront of mine clearance technology ORACLE is the fastest and most cost effective system available for landmine clearance. Only the ORACLE can move forward at an efficient rate and cost, while tilling the land to a depth of at least 50cm preparing it for agricultural use. The ORACLE technology is tried and tested, having been contracted to the Croatian Government (CROMAC) since 2000, performing beyond expectations in clearing active minefields.

The ORACLE mine-clearing system is the safest land mine clearance method currently available and is approximately 100 times faster and more effective than manual clearing techniques. The Spitfire tool within the machine hits the mines at such a high speed that it destroys the mines before detonation. The physical destruction from the mine clearance neutralizes mines and disperses the explosives into the soil meaning that the land is immediately ready for agricultural or other development.

Antipersonnel mines pose a massive threat to safety in all corners of the globe, claiming new victims every day, with between 15,000 and 20,000 new casualties caused by landmines and unexploded ordnance every year.

A local company will be established in Angola to oversee the management and operation of the project. The majority of the personnel will be recruited and trained locally in each country, supporting local job creation as well as utilising the intimate local knowledge of the areas that are targeted.

LANDMINES IN AFRICA

The presence of landmines has rendered huge expanses of land in sub-Saharan Africa unusable. The presence of two or three landmines or even the suspicion of their presence can result in a large patch of land being avoided and left derelict

RNS Number:4076B Lonrho PLC 02 August 2007

LONRHO PLC

ANGOLA CNIDAH INVITES LONRHO / COUNTERMINE TO

ASSIST IN LANDMINE CLEARANCE

Lonrho plc (AIM: LONR) who established a joint venture for Africa with Countermine plc, ("Countermine") in May 2007 to develop opportunities for landmine clearance in Africa, is pleased to announce that, following presentations in Luanda, they have been invited by 'CNIDAH' ( Comissao Nacional Inter-Sectorial de Desminagem e Assistencia Humanitaria ), the Angolan Government body responsible for landmine clearance, to supply an ORACLE 2 landmine clearing machine for evaluation and appraisal in conjunction with the Angolan Government.

The ORACLE 2 allows previously unusable areas of land suspected of being contaminated by landmines to be rehabilitated for productive purposes safer and faster than manual land clearance methods.

General Petroff, the Presidente da Comissao of CNIDAH, confirmed in the invitation that Angola has 1,500 square kilometers of land that are currently rendered useless due to the presence of landmines. He confirmed that the current clearance rate, using manual demining practises is only 10 square kilometers per year.

CNIDAH has undertaken to fast-track the evaluation process, and will provide a mined area of land for the process, facilitate all approvals and licences required for the importation of the equipment, and to ensure that all relevant civilian and military expertise partakes in the test.

Following this, the CNIDAH has agreed to rapidly produce a report on the results of the evaluation for all the relevant authorities.

David Lenigas, Chairman and Chief Executive Officer of Lonrho commented :

' We are delighted that in less than three months of Lonrho agreeing the African rights to the Countermine ORACLE system, Lonrho has delivered a tangible and exciting opportunity to assist Angola with its landmine issues.

The invitation from the Angolan Government is a significant step and permits the ORACLE 2 to demonstrate its abilities. Angola is a rapidly developing country and it is a fundamental part of the development progress that the country's landmines are relegated to history as soon as possible. I am confident that the ORACLE 2 will help expedite this process.

Lonrho is committed to providing services and products that support the development of African infrastructure, helping to re-invigorate local communities. Lonrho views the strategic partnership with Countermine as a significant development in the implementation of its strategy.'

ORACLE MINE CLEARENCE

Countermine produces the ORACLE mine clearance machine. At the forefront of mine clearance technology ORACLE is the fastest and most cost effective system available for landmine clearance. Only the ORACLE can move forward at an efficient rate and cost, while tilling the land to a depth of at least 50cm preparing it for agricultural use. The ORACLE technology is tried and tested, having been contracted to the Croatian Government (CROMAC) since 2000, performing beyond expectations in clearing active minefields.

The ORACLE mine-clearing system is the safest land mine clearance method currently available and is approximately 100 times faster and more effective than manual clearing techniques. The Spitfire tool within the machine hits the mines at such a high speed that it destroys the mines before detonation. The physical destruction from the mine clearance neutralizes mines and disperses the explosives into the soil meaning that the land is immediately ready for agricultural or other development.

Antipersonnel mines pose a massive threat to safety in all corners of the globe, claiming new victims every day, with between 15,000 and 20,000 new casualties caused by landmines and unexploded ordnance every year.

A local company will be established in Angola to oversee the management and operation of the project. The majority of the personnel will be recruited and trained locally in each country, supporting local job creation as well as utilising the intimate local knowledge of the areas that are targeted.

LANDMINES IN AFRICA

The presence of landmines has rendered huge expanses of land in sub-Saharan Africa unusable. The presence of two or three landmines or even the suspicion of their presence can result in a large patch of land being avoided and left derelict

The prospective Angola contract will last about 18 months, going on Company's statement that Oracle clearance is 100 times faster than hand clearance. Be interesting to see what it is worth.

Write up here :


http://www.proactiveinvestors.co.uk/articles/article.php?LONR


.

Interesting article by Paul Farrow in todays Sunday Telegraph mentions that New Star Asst. Man. is venturing into the Congo next month with the launch of its Heart of Africa fund. The group believes Africa may be the next emerging market to generate big profits for investors. Founder, John Duffield, said that the biggest profits are made at the time of biggest risk and there is a hell of a risk with these African markets at this time. The Fund will invest in Zimbabwe, Rep. of Congo, Dem. Rep. of Congo, Zambia, Botswana, Senegal, Ghana, Namibia, and oil rich Nigeria. It will also invest in 5 AIM stocks exposed to region, including Central African Mining & Exp. Co. The new Fund will be managed by Jamie Allsop, one of Duffield's young proteges. Allsop has already be investing in Africa's potential via his UK Hidden Value Fund which has 9% invested in African companies including Lonhro and Mwana Africa. The Fund will be marketed to institutional investors as it may have a too bigger risk profile for the private investor. Duffield said he will be investing a couple of million pounds in the fund, less than 1% of his personal assets. The article also mentions Helvetica, the wealth manager is to launch an Isle of Man domiciled , AIM listed company called PME African Infrastructure Opportunities Fund . Also goes on to mention LonZim which we have already covered in earlier posts.

http://www.investegate.co.uk/Article.aspx?id=200708281145018503C

Lonrho PLC 28 August 2007
LONRHO Plc

('Lonrho' or the 'Company')

Nare Diamonds to change name to Lonrho Mining and
agrees Lulo diamond joint venture with Endiama, the State Owned diamond mining
company of Angola

Lonrho (AIM: LONR), the conglomerate with a diverse portfolio of African
investments, is pleased to announce that Nare Diamonds Limited ('Nare'), the
Australian listed African diamond mining company in which it holds a 21.94%
stake, intends to:

change its name to Lonrho Mining Limited ('Lonrho Mining');

seek a dual listing on AIM; and

develop a highly prospective 3,000 kilometre square diamond concession
in Angola with Endiama.

Lonrho Mining
The Lonrho Mining management team will continue to be led by Charles Mostert,
the CEO of Nare Diamonds. He is supported by David Lenigas, the Chairman and
Chief Executive Officer of Lonrho who recently become Chairman of Nare, and
Geoffrey White, Lonrho's COO, who recently became a non Executive Director of
Nare.

The proposed change of name to Lonrho Mining reflects the recent increase in
ties with Lonrho and should enable Nare to benefit further from Lonrho's
experience and presence in Africa. Lonrho Mining will look to selectively
acquire exploration and producing mining assets across the African continent.

The proposed change of name of Nare to Lonrho Mining is subject to Nare
shareholders' approval.

Lulo Diamond Concession - Angola
Nare has also announced that it has signed a joint venture agreement with
Endiama, the national diamond company of Angola and exclusive concessionary for
Angolan diamond mining rights, to develop a highly prospective 3,000 kilometre
square diamond concession in Angola (the Lulo Diamond Concession). On all the
kimberlite deposits Nare's participating interest will initially be 39% of the
joint venture which will decrease to 30% after repayment of its investment in
the Project. On all alluvial deposits Nare's participating interest will be 40%
in the joint venture.


The Lulo Diamond Concession is located in the Cuango River catchment area within the Lunda Norte Province of northeastern Angola. This concession has been one of the prime targets for Nare and contains an identified 29 kimberlite pipes and extensive alluvial resources. It is located close to existing proven kimberlite pipes and alluvial resources and is widely seen as a highly prospective concession.

The Catoca Mine, which is the third largest kimberlite diamond mine in the world and which produces 60% of Angola's diamond production, is located 150km east of the Lulo Diamond Concession. The joint venture between Petra Diamonds and BHP Billiton on the Alto Cuilo is adjacent to the Lulo Diamond Concession where 70 kimberlite pipes have been found, the largest of which is currently being evaluated.

Charles Mostert, Chief Executive Officer of Nare, commented:
'This is an excellent strategic development for Nare. The Lonrho name is
recognised throughout Africa, and its reputation is excellent. The closer ties
with Lonrho are already providing Nare with unique access to resources and deal
flow throughout Africa whilst the dual listing on AIM and the ASX should help
Nare to continue to grow rapidly and to develop into a significant African
resource company.'


David Lenigas, Chairman and Chief Executive Officer of Lonrho Plc and Chairman
of Nare, commented:
'Lonrho has been a shareholder of Nare for some time and recognises that the
management team has the proven ability to deliver. They have made significant
progress at the Schmidtsdrift operations in South Africa, increasing reserves to some 47 million tonnes of diamond bearing gravel as well as increasing
production.'


'The closer ties, including changing its name to Lonrho Mining, will enable Nare to utilise Lonrho's heritage and contacts to provide a constant flow of exciting resource related projects. Lulo Diamond Concession in Angola is seen as highly prospective and is situated in one of the most sought after locations in Angola.
We see this as the first of several large projects that a new Lonrho Mining
can develop in Africa, and illustrates the type of deals the Lonrho name can
gain access to.

I am sure that the closer relationship and development of Lonrho Mining will
prove rewarding for shareholders of Lonrho Plc.'

It seems there is buying today as the price goes higher. Gold prices are strong lately.
MMs are bidding middle price at the moment

RNS Number:2397D
Lonrho PLC
04 September 2007

LONRHO PLC
("Lonrho" or the "Company")

LONRHO SAILS ADDS A FURTHER THREE CONTAINER SHIPS TO FLEET

Lonrho (AIM: LONR), the African conglomerate with a diverse portfolio of investments is pleased to announce that its 45% owned subsidiary, SA Independent Liner Services (PTY) Ltd ("SAILS"), has signed contracts with ship suppliers for the addition of three new container vessels, which will increase its fleet to seven vessels with a total combined fleet tonnage of 66,445 tonnes.

Lonrho announced its investment in SAILS in July 2007 and the intention of expanding SAILS' fleet to offer regular, scheduled services from South Africa to West Africa and Europe.

The three new vessels will be added to the fleet are the MV Orinoco River, MV El Lobo and MV Vaal River. Each vessel is 9,966 metric tonnes, equipped with 220 refrigerated container plugs and will be utilised for the South Africa/ West Africa/ Europe service.

All three vessels are new and will be chartered to SAILS for a period of 24 months. As with the Taga Bay, these vessels will carry the new "LONRHO SAILS" branding.

* The MV Orinoco River is scheduled to be delivered in Shanghai around Mid October 2007.

* The MV El Lobo is scheduled to be delivered in Singapore around Mid November 2007.

* The MV Vaal River is scheduled to be delivered in Shanghai at the end of November 2007.

The MV Taga Bay was successfully delivered in Shanghai at the end of August 2007. She is scheduled to depart for South Africa in the next week at 100% capacity. After reaching South Africa, she will take up her assignment on the South Africa/ West Africa/ Europe service.

The MV Heinrick Sibum was also successfully delivered at the end of August 2007, and is chartered on a round voyage basis with an option for an additional round trip voyage, thereby providing interim, additional carrying capacity to Europe.
This vessel is also at 100% capacity on her southbound voyage which is scheduled to depart from Antwerp in the next few days and will call at Dakar, Tema and Tin Can Island or Lagos before arriving in Cape Town.

David Lenigas, Executive Chairman and Chief Executive commented;

"The seven ships to be operated by SAILS will provide for an annual lifting capacity of over 1 million tonnes of African imports and exports. This represents a five fold uplift in container carrying capacity since Lonrho's investment."

"The success of SAILS as a growing shipping business is seen in the exceptional load factors now being achieved on the Europe/Africa service. I see significant scope in the year ahead to add even more container ships to the fleet to service the growing demand for the import and export trade between the two continents."

4 September 2007



LONRHO Plc

('Lonrho' or the 'Company')


NARE DIAMONDS DEVELOPS ANGOLAN DIAMOND PROJECT
WITH PRODUCTION PLANNED FOR 2008

Lonrho (AIM: LONR), the conglomerate with a diverse portfolio of African
investments, is pleased to provide an update on Nare Diamonds Limited ('Nare'),
the Australian listed African diamond mining company in which it holds a 21.94%
stake. Nare is to commence development of its recently acquired highly
prospective 3,000 km(2) diamond concession in Angola ('the Lulo Diamond
Concession').



Highlights



Moblization of mining equipment to mine site and sets up base camp at
Lulo

Approval of the proposed work program which, subject to successful
exploration, provides for commencement of trial mining and diamond production at
the Lulo Diamond Concession within 12 months

Acquisition of data in the region surrounding the Lulo Diamond
Concession



Development Program



The work program which has recently been approved by Endiama (the State owned
diamond mining company of Angola) has been designed to allow for bulk sampling,
followed by trial mining and diamond production at the Lulo Diamond Concession
by the end of 2008.



Nare intends to set up a base camp at the Lulo Diamond Concession this month.
The immediate focus is to conduct an aero magnetic survey over 1,000 km(2) to
identify and outline the alluvial terraces and the kimberlite pipes. The
location includes 29 identified kimberlite pipes on the concession. On
completion of the survey, Nare will select the biggest pipes for evaluation
including immediate drilling and bulk sampling.



Nare intends to commence trial mining the alluvial gravels immediately upon
commissioning of the plant, which will commence this year.



'First class' location



Nare is securing historical data in relation to this and the adjacent projects
prior to commencing development. As announced on 29 August 2007, Lulo is
adjacent to the Petra Diamonds / BHP Billiton owned Alto Cuilo and Luangue
concessions. These concessions are the subject of bulk sampling on the
kimberlite pipes and alluvial gravels. Aero magnetic surveys on their
concession identified in excess of 70 kimberlite pipes, many of which are very
large (175 hectares). Diamonds recovered from this concession have realized in
excess of US$230 per carat.



The Lulo Project is located on the eastern margin of the Cuango River catchment
within the Lunda Norte Province of northeastern Angola. The Cuango River
alluvial diamond fields are the largest in Angola. The operators of these
concessions are amongst the leading diamond miners in the world, including De
Beers, Trans Hex and Alrosa (see Figure 1). The Cacuilo and Lulo Rivers form
part of the Cuango catchment and the location of the known alluvial gravels is
adjacent to the known kimberlite pipe cluster on the Lulo Diamond Concession
(see Figure 1). Initial geological assessment suggests that some of these
kimberlites are the primary sources of the diamonds in the alluvial gravels on
the concession.



As noted above, Nare has a work program which is designed to bring forward
production of diamonds from its concession as soon as possible.



A map of the Lulo Diamond Concession can be accessed below.



David Lenigas, Chairman and Chief Executive Officer of Lonrho Plc and Chairman
of Nare, commented:



'The Lulo Project is in the heart of the largest diamond mining region in Angola
and is surrounded by concessions held by some of the world's leading diamond
mining companies. Developing this potential utilising the highly experienced
Nare management team combined with Lonrho's reputation in Africa, we look
forward to taking the mine into production in 2008.' sp37.75p.

The news were early on the morning but is moving higher this afternoon
37.75 / 38.50p +0.375p
now a BREAKOUT from the last high

From the "UPS" thread ..........

Doing a BREAKOUT of the short term CUP & HANDLE

Further news today and slight movement up on the bid 38.375p +0.125p .....

Lonrho increases equity stake in Norse Air to 51%

Lonrho (AIM : LONR), the conglomerate with a diverse portfolio of African
investments, is pleased to announce that it has acquired a further 8% of Norse
Air Limited. This brings Lonrho's holding in Norse Air to 51% of the company.

This move is in consideration of the Lonrho Board's agreed mandate that Lonrho
should, whenever possible, maintain equity and Board control of all subsidiary
companies.

Lonrho had a convertible loan in place secured with the 8% option and, following
a review of the business, opted to convert the outstanding loan and increase its
equity participation.

David Lenigas, Lonrho Chairman and CEO commented:

"Lonrho's increased equity in Norse Air is another example of the Company's
objective to hold a majority stake in each of its subsidiaries. Lonrho is
developing businesses across Africa within infrastructure, transport and related
sectors that have strong potential for growth. Norse Air, like other Lonrho
subsidiaries benefits from our experience of Africa, Lonrho's ability to
transact larger deals and our ability to provide access to funds for expansion." .......

38.75 - 39.25p +0.875p

now moving much faster that for the last couple days

RNS Number:7216D
Lonrho PLC
12 September 2007

12 September 2007

Lonrho Plc
("Lonrho" or "the Company")

COMPLETION OF ACQUISITION LAUNCHES LONRHO
INTO THE AFRICAN IT INDUSTRY

Further to the announcement on 7 June 2007, Lonrho (AIM : LONR), the
conglomerate with a diverse portfolio of African investments, is pleased to
announce that it has now completed the acquisition of 65% of one of Mozambique's
largest commercial Information Technology Solution Providers, Sociedade
Comercial Bytes & Pieces, Limitada ("Bytes & Pieces"). Bytes & Pieces provides
turnkey network solutions, maintenance and support to Mozambique business, NGO's
and Government organisations.

Lonrho acquired Bytes & Pieces for $2.34 million (in cash) and will take up two
of the four Board positions. The two founders of Bytes & Pieces, Vijay Thadani
and Veronica Miller, will together retain 35% and remain on the Board. Bytes &
Pieces is an authorised distributor of Dell equipment in Mozambique, providing
Enterprise Solutions on a Dell hardware platform. It is also a Microsoft
Certified Partner and an authorised distributor for CISCO Systems, MGE UPS
Systems and Legrand networking products.

Bytes & Pieces plans to expand outside Mozambique under the name of Complete
Enterprise Solutions ("CES") by setting up a distribution division for high
quality networking products and an Enterprise solutions implementation division
based upon the Dell hardware platform.

David Lenigas, Lonrho Chairman and CEO commented:

"We are delighted to have completed on the acquisition of Bytes & Pieces.
Lonrho intends to build on the success of Bytes & Pieces and replicate the
business model built up in Mozambique through other countries in Africa,
starting with the company's first office in Johannesburg. We believe the
business expansion of CES will assist the growth of the African economy to meet
the IT demands across the continent."

holding up well in these markets at 40p after some recent profit taking.

LONDON (Thomson Financial) - Lonrho PLC said it won partial approval from the Kenyan government to begin service between Sudan and the Democratic Republic of Congo.

Lonhro said its 49-pct owned Fly540 Aviation will begin flights between Juba in Sudan and Goma in the Democratic Republic of Congo from Oct 13.

The company said it won the approval for the Sudan-DRC service after it became Kenya's second-largest airline with August passenger loads touching 16,000 and load factor touching 84 pct.

Fly540 has agreed for another ATR42-320 passenger aircraft to service the new routes, the release added.

sp 40.25p----- as an additional comment, I notice that Gordon Brown has suddenly decided that it would be a good time to join the get Megabe front. His days must be numbered since Brown probably thinks this is a safe bet and earn him some browny points. He does like to get his timing right and may help him divert interest away from things domestic.

Lonrho PLC 25 September 2007

Lonrho Plc
('Lonrho' or 'the Company')

Nare Diamonds Completes New Final Recovery Plant and Recovers 32 carat Gem Diamond

Lonrho (AIM : LONR), the conglomerate with a structured portfolio of African investments, is pleased to announce that Nare Diamonds Limited ('Nare'), the Australian listed African diamond mining company in which it holds a 21.94% stake and which recently announced its intention to change its name to Lonrho Mining and pursue a dual listing on AIM, has completed and commissioned a new final recovery processing plant at its Schmidtsdrift mine in South Africa which should significantly increase the recovery of diamonds.

The new final recovery plant will treat all diamondiferous concentrates produced by the mining operations at the Schmidtsdrift mine. The plant contains six proprietary Flowsort X-ray diamond recovery machines, each calibrated to recover specific diamond size fractions. The recovery process is expected to attain recovery levels over 95%. The hands free process is undertaken in a closed circuit, with no human interaction.

Nare is pleased to announce that, after the commissioning of the plant, it has recovered a gem quality 32 carat diamond from the Schmidtsdrift mine. The diamond has been valued with an average value per carat of US$2,000.

http://www.rns-pdf.londonstockexchange.com/rns/4073e_-2007-9-24.pdf

David Lenigas, Chairman and CEO of Lonrho Plc and Chairman of Nare Diamonds commented:

'I am confident that the new technology that has been commissioned at the Schmidtdrift mine will add significant value to the operations in terms of the quality and volume of diamonds recovered. The X-ray based recovery is regarded by the industry as the optimal recovery process and the most secure.

'Additionally the recovery of the 32 carat diamond last week emphasises the strong potential of the Schmidtsdrift resource and operations'

Good performance last few days, and now nearing a breakout.

LETS HOPE.

A little bit more on the Microfinance Bank that LONR have taken a controlling 51% stake in, ref this RNS http://www.investegate.co.uk/Article.aspx?id=200709210701512384E :



"Socremo Banco de Microfinans, Mozambique

Socremo Banco de Microfinans (Socremo MFB) is one of the largest MFIs in Mozambique. Its history goes back as far as 1992, when Deutsche Gesellschaft f Technische Zusammenarbeit (GTZ) initiated an integrated training and credit program for start-up businesses owned mainly by Mozambican contract workers returning from the former German Democratic Republic. Due to disastrous initial lending results, an alternative concept involving transformation into a microfinance institution was developed.

In 1998, Socremo was authorized to become a non-bank financial intermediary, and in May 2004, Socremo obtained a license to operate as a Microfinance Bank (MFB). Socremo MFB is advised by LFS Financial Systems (LFS) through a technical assistance agreement funded by DFID, GTZ among other donors.

During the past few years, Socremo MFB has achieved a remarkable turnaround, with a rapid portfolio expansion and profits every year since 2000."

********************

Some more info from a World Bank presentation, link below :

http://siteresources.worldbank.org/FSLP/Resources/CDiehl_Socremo.ppt#256,1,Slide 1

Market likes the news on the funding.........means more expansion of course :)

you get the feeling that Lonr is going up a gear. I am sure the Company will be highlighted in the media again. Probably some more African Funds trying to get on board.

Lonrho PLC 01 October 2007

Lonrho Plc
('Lonrho' or 'the Company')

Lonrho signs Heads of Agreement to lease and manage a 5 star,
256 room hotel in Democratic Republic of Congo

Lonrho (AIM : LONR), the conglomerate with a structured portfolio of African
investments, is pleased to announce that it has signed a Heads of Agreement with Luano Grand to lease and manage a 256 room, 5 star hotel at the proposed Luano Grand development in Lubumbashi, in the Democratic Republic of Congo.

Luano Grand ( http://www.luanogrand.com ) is a proposed mix-use retail, residential, office and hotel complex that was officially launched at the South African Consulate in Lubumbashi on Friday 28th September 2007. The launch was presided over by His Excellency Moise Katumbi, the Governor of Katanga Province and a number of Ministers of State and Government officials from South Africa and Belgium. Construction of the complex is scheduled to begin in 2008.

Amongst the 300 guests attending the launch of the project were representatives
of the IDC (Industrial Development Corporation) and DBSA (Development Bank of
South Africa).

The hotel will have 256 rooms and 50 long stay apartments and is designed to be
connected to a retail mall, which in turn will have access to offices and
residential units. Lonrho Hotels, a division of Lonrho Plc, will lease and
manage the hotel and long stay apartments in the project.

David Lenigas, the Chairman and CEO of Lonrho Plc, commented :

'The development of Katanga Province in the DRC is being fuelled by the
significant foreign direct investment into the mining of the copper and cobalt
natural resources in the region. Companies such as Phelps Dodge and Nikanor are
investing an estimated US$ 4 billion in mining projects in Katanga over the next five years and, with this, the demand for quality accommodation and support services will be significant. Lonrho is delighted to be involved with this major, forward-looking project that will generate jobs and prosperity.'

Lonrho PLC said it has signed an agreement with Luano Grand to lease and manage a 256 room, 5-star hotel at the proposed Luano Grand development in Lubumbashi, in the Democratic Republic of Congo.

Luano Grand is a proposed mix-use retail, residential, office and hotel complex and its construction is scheduled to begin in 2008.

The hotel will be leased and managed by Lonrho Hotels, a division of Lonrho PLC.

http://business.timesonline.co.uk/tol/business/money/article2557110.ece

From The Sunday Times

September 30, 2007

Merryn on Money: Time to adopt Africa by Merryn Somerset Webb

Im looking for a safe haven for my money. It isnt easy. Things seem to be getting worse and worse in America.

The International Council of Shopping Centres reported that retail sales fell 1% overall last week. Target, the second-biggest US discount chain, cut its forecasts for September sales to 1.5%-2.5% from 4%-6%.

There was worse news for property. The S&P/Case-Shiller 20-city index reported that prices fell by an average of 3.9% year-on-year. The index fell on an annual basis in January for the first time, and has fallen every month since. Fifteen of the 20 cities saw declines, with the largest in Detroit, down 9.7%.

Anyone who thinks global property or US shares are always a good long-term bet should hotfoot it over the Atlantic now. I wont be joining them.

Then there is Europe. Ireland and Spain have been responsible for about a quarter of Europes growth in the past four to five years, but now the main drivers - building and buying houses are in mid-collapse.

At the same time there is little real evidence to back up the optimistic view that the European economies and markets have somehow decoupled from Americas. They havent: 15% of EU exports still end up there.

Decoupling is a buzzword in Asia too. Here there is evidence that domestic economies can thrive independently, and it is certainly true that given the choice between an American fund and an Asian fund, Id take the latter in a heartbeat. But I still dont think there is any way Asia can escape a US recession unscathed. America may no longer be the only engine of global growth but it is still the main one.

So where can you find a market that is genuinely uncorrelated with the rest of the world? The answer, counter-intuitively, is Africa. Since I last wrote about investing there in February, the headline news on the continent has been as unremittingly miserable as usual. But behind the scenes the economic fundamentals have just kept getting better.

GDP growth across the region has been rising fast (well above 5% in 2005 and 2006 and a forecast 6.8% this year) and is expected to keep doing so. This is partly down to the commodities boom and to the continents new best friend, commodity hungry China. Sino-African trade hit $55.5 billion (27.4 billion) last year, up 40% from the year before, and China has now directly invested more than 3 billion into Africa. This is not just upping average incomes but rebuilding roads, railways, ports and schools across the continent.

But the boom in Africa isnt just about China; its about increasing political and financial stability (which makes the region investable). Note that two African countries Libya and Algeria actually make it onto the World Economic Forums list of stable economies.

Its also about soft commodities. There has been much hand wringing about how urban Africans will suffer from rising food prices and they probably will. But lets not forget that the majority of poor Africans are still farmers.

So rising prices will surely bring them rising incomes, perhaps even some surplus income.

And as a welcome side-effect this might encourage them to stick with trying to make money from the land rather than migrating to cities that arent yet ready for them. Its just a horrible shame that Zimbabwe, once one of the biggest exporters of grain on the continent, is missing out.

Africas renaissance is also about other noncommodity industries. The tourism, telecoms and financial sectors are expanding fast, as are the many companies providing things such as soap, chocolate and beer to people with a tiny bit more spare cash than a decade ago. Its also worth noting that the fastest-growing economies are very often those that have little or no commodity exposure Kenya, for example.

And the best thing of all? History shows that African markets move with very little reference to global markets. They are, says Mark Foster-Brown of Altima Partners, utterly uncorrelated to other financial markets, a characteristic not to be sniffed at in the current environment of total correlation of everything else.

So how can you get in? It isnt easy. In February, I suggested buying shares in AIM-listed Lonrho, which has investments across the continent in everything from water plants to airlines and which seems to make a new deal every week. The shares are up 40% since then and I still like them (they are in my pension) but, given the speed of the companys expansion, they dont necessarily make a safe haven.

The good news is that in the past few months a few funds that give the retail investor access to Africa have appeared on the market. Most interesting of the lot is Charlemagne Capitals Magna Africa fund. This has raised well over 40m since its launch only three months ago, and probably for good reason it is one of the few Africa funds that doesnt come with an absurdly high minimum investment, while Charlemagne has an excellent record in local emerging markets.

Otherwise, coming soon is the New Star Heart of Africa fund to be run by Jamie Allsopp. Those who cant wait for that launch might look at Allsopps UK Hidden Value fund, which already has large Africa-related holdings, including shares in Lonrho.

Merryn Somerset Webb is a former stockbroker and now editor of Money Week. Her views are personal and investors should always seek professional advice.

Write up on the LonZim Offering.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2578198.ece


October 3, 2007

Lonrho aims high with plan for LonZim offering

David Robertson

In what must be one of the...........................................

http://news.bbc.co.uk/2/hi/africa/7038394.stm


Wednesday, 10 October 2007, 17:38 GMT 18:38 UK

......................................................"Sub-Saharan Africa is a particularly strong growth market," he told the BBC.

"You're talking about a region that has 15% of the world's population, 20% of the world's land mass, but only produces 2% of global output at this stage. Against that backdrop sub-Saharan Africa is actually increasing its exports to China, whereas the rest of the world is doing quite the opposite.

"So what we have is a huge, untapped, but not very well understood, investment opportunity in all shapes and sizes," he said.

Unlike several other parts of the world, sub-Saharan Africa is showing high growth rates - with the banking sector, for example, growing by 90% over the past few years.

Analysts say, however, that the risks of investing in Africa are still high, because of factors like poor infrastructure and corruption - but they say that also means the rewards are potentially much higher..............................................

THANKS PP.

Lonrho PLC
15 October 2007
LONRHO PLC
(Lonrho or the 'Company')

Lonrho increases equity stake in Container Shipping Company SAILS to 51%

Lonrho (AIM: LONR), the conglomerate with a structured portfolio of African
investments, is pleased to announce that it has acquired a further 6% of SA
Liners Limited ( 'SAILS' ) for US$500,000, taking Lonrho's holding in SA Liners
to 51% of the company.

This increase reflects the Board of Lonrho's strategy that Lonrho should,
whenever possible, maintain a majority shareholding and Board control of all
group companies.

Lonrho acquired 45% of SAILS and Board control in July 2007 for an investment of US$ 6 million. Since Lonrho's investment, SAIL's operations have expanded and the fleet has grown from two to five vessels in service, which will be increased to seven vessels by early December.

Lonrho increased its shareholding in SAILS under the terms of a convertible
working capital facility that had been put in place.

David Lenigas, Lonrho's Executive Chairman commented:

'SAILS is a core Lonrho business with significant potential. Strong demand from customers has led to the recent increase in vessels in service and we also
expect there to be further expansion of the SAILS fleet next year.

'Lonrho's increased equity in SAILS is another example of the Company's
objective to hold a majority stake in each of its subsidiaries.'

http://secure.financialmail.co.za/07/1012/moneyinvest/kmoney.htm

12 October 2007

LONRHO

Return of the great investor
By Sasha Planting

Once it was the only company that dared invest in Africa. But excessive ambition and rampant egotism led the once-mighty Lonrho into crippling debt, forcing executives to dump assets in a fire-sale that lasted a decade.
Today, a refocused Lonrho is again gobbling up assets across Africa, unashamedly aiming to become the pan-African conglomerate it was, according to executive chairman David Lenigas.
Last week Lonrho (previously Lonrho Africa) announced the acquisition of Zimbabwean companies Celsys, an ICT player, and chemical supplier Millpal - investments that were not well received by the British press.
These companies will be offered to LonZim, the 32m fund that Lonrho has established and plans to list later this month. It will be used to invest in hard assets such as property and hotels in Zimbabwe and neighbouring countries.
These deals follow September's announcement that Lonrho had acquired 51% of Mozambican microfinance bank Socremo and, before that, 100% of Swissta, a bottled-water manufacturer, and 65% of Bits & Bytes, Mozambique's biggest commercial IT distributor. Unremarkable deals perhaps, but to Lenigas they are just the beginning.
" Africa is being screwed by the financial institutions," he says. "Interest rates are exorbitant and the process to get a commercial loan is ludicrous. It is inhibiting Africa's growth. I'm excited about microbanking in Mozambique."

Lenigas plans to expand these businesses across Africa. "I'd like to see the microbanking operation in six countries within a year. And within the next few months we will establish water-bottling facilities in three or four countries, and will be in 30 countries within five years. We will focus on a premium brand for tourists and low-cost water for people who can't afford that."

Lenigas, an Australian miner, knows Africa intimately. He has run diamond fields in Angola (for the Kebbles) and gold mines in Ghana. " Africa is open for business - the development on infrastructure build is similar to that in Asia 20 years ago. I want to create an environment where international business can travel, stay and move product around. That's where we are investing - hotels, ports, low-cost airlines."

Lonrho's decision to stop disposing of assets and expand back into Africa came about at an extraordinary AGM in February 2006 when shareholders agreed to a new vision and focus for the company.

This followed a decade of disposals, including mines, hotels, motor dealerships, logistics and media operations, cotton, sugar, timber, textile and meat-processing operations. The buyers were Arab princes, Chinese opportunists and local management.

Lonrho was forced to start selling the family silver in 1992 by a crushing level of net borrowings - more than 1bn - and the process was accelerated in 1994 when German businessman Dieter Boch wrested power away from controversial tycoon Tiny Rowland, who had been CEO for 32 years.

In 1998 the mining operations were split off into what is now called Lonmin (today worth about 4,1bn). Lonrho Africa became little more than a shell, says Lenigas, with nothing but a majority shareholding in Mozambique hotel Cardoso, cash reserves of 18m and the "barmy army", a group of ageing but loyal shareholders with a passion for Africa.

They were game for another crack at Africa and recruited Lenigas to restructure the company and turn it around, which he has done with gusto. Board members are younger and more energetic. The only people remaining from Rowland's era are company secretary Jim Hughes, with Lonrho since 1974, and a handful of financial people, "because of Lonrho's complicated structure".

This week Lonrho announced that Geoffrey White, who joined the company in June as COO, has been made CEO. Lenigas remains executive chairman and will control the board and set strategy.

Though the new investment strategy seems much like the old, there are distinct differences, says Lenigas. "No-one could understand the old Lonrho because its focus was so broad - from hair gel to game reserves. We are clearly focused on infrastructure, transportation, natural resources and support services."

Another fundamental difference is that Lonrho will carry no debt at parent level, nor will it guarantee its subsidiaries' debts. Profitable operations will not support unprofitable ones.

A more subtle transformation is of Lonrho's business-at-all-costs culture, which earned Rowland the disdain of the British establishment and reverence throughout Africa. Twenty years later, Lenigas is committed to transparency and "acceptable capitalism".

"The way I see it," he says, "Lonrho did business the way that Africans did business. But I'm totally transparent - I'm not going to jail for anybody."

Lonrho's new investment spree kicked off with the acquisition of an 8,2% stake in Brinkley Mining, which has uranium operations in SA and interests in the DRC; and a 17% interest in Nare Diamonds, a production and exploration company based in SA.

In May last year Lonrho acquired 63% of the only deep-water port in Equatorial Guinea, which is set to become one of the wealthiest countries in Africa as its huge offshore oil reserves come on stream. The tax-free port is servicing the rapidly growing offshore oil industry, and Lonrho has recently completed a logistics facility for ExxonMobil's local operation.

The government owns the remaining 37% of the port. "I love governments as partners: we are less likely to be nationalised if there is a shake-up in government and policy," says Lenigas.

Lonrho also has a stake in Fly540, a low-cost airline based in Nairobi; and Norse Air, a charter business based in Johannesburg, which holds the contract to provide a cargo and passenger service for AngloGold Ashanti. "That's a gangbuster business [Fly540]. It has operated for less than a year, flies to more destinations than Kenya Airlines and now has partial international rights, so we can fly to the DRC and Sudan, and the business is profitable." Lonrho has an agreement with the Angolan government to launch Fly540 in Angola. "There is huge demand for internal flights in Africa, this is where huge growth will come from in the next decade."

In a similar vein, Lonrho acquired 45% and control of cargo-ship operator SA Independent Liner Services (Sails) for US$6m, with an option to increase its stake to 51% within the next five years. "Nobody is servicing the smaller ports up the east and west coasts and there is demand. Africa needs to get its products to market and I want new, modern, fast ships to ensure that I give the countries we service a competitive edge."

Funding these investments is not a problem at this stage, says Lenigas. "We have raised 53m for acquisitions in the past six months and will raise further capital when it is needed.

"Everyone talks the talk in Africa but no-one writes out the cheques. We get the good deals because we have the ability to pay and thus can act quickly."

At this point, though, it seems investors are acting on faith. The half-year results to March reflected impressive turnover of 10,4m (up from 600 000 in March 2006 and from 3,4m at the September year-end) - but the operating loss was 3m.

Says Lenigas: "We need capital to get the business up and running. But within the group certain businesses are already profitable, like Fly540 and Sails. But if we start Fly540 in Angola, it will require an investment of $6m- $9m and won't make money till the second year. And we are investing $71m in Luba Freeport.

"My gut feel is that if we stopped now, the business would be profitable within a year. But that's not what we are about - we are acquiring businesses as fast as possible that we think will make a difference to Africa."

Unfortunately, though, local shareholders are unable to benefit from Lenigas's optimism. Though the company is listed in London and Johannesburg, the local share is highly illiquid. "At some point we will have to address that; the only way is to do some large financing with those local institutions able to invest outside the country."

RNS Number:7716F Lonrho PLC
16 October 2007

Lonrho Plc
("Lonrho" or "the Company")

Lonrho Acquires 51% of KwikBuild

Lonrho (AIM: LONR) is pleased to announce that it has acquired 51% of KwikBuild Corporation Limited ("KwikBuild"), providers of innovative cost-efficient building solutions, for #2.1m of which #1m has been injected as working capital into the business. This acquisition is in line with Lonrho's strategy for investment in infrastructure in Africa.

KwikBuild uses lightweight building products for rapid and in-expensive construction and has completed projects in South Africa, Angola, Zambia and Mozambique. The existing production is located in Johannesburg, South Africa with a further plant being established in Port Elizabeth, South Africa.

All KwikBuild structures can be erected on any terrain by semi-skilled labour using a dry building process without the need for costly steel or wooden frames. The building materials are weatherproof, fire resistant and provide good insulation.

Lonrho's acquisition of KwikBuild allows for the immediate expansion of KwikBuild's successful South African business model, and KwikBuild will be able to capitalise on Lonrho's African network to access to new markets.

To date, KwikBuild has focussed on large-scale public sector projects. In South Africa, these include providing social housing to the Ministry of Housing; schools to the Ministry of Education, accommodating over 5,000 children; and medical clinics and laboratories for the Department of Health. Similar projects have been completed in Angola, Zambia and Mozambique.

KwikBuild structures are also being used by a leading telecom provider in South Africa, which required buildings to operate and manage their GSM cellular network. Leading mining companies have also used the Kwikbuild structures for their offices and accommodation.

In South Africa, there is immediate demand for 4 million low-cost homes. Presently, KwikBuild is negotiating with local authorities for the re-development of shanty towns.

David Lenigas, Executive Chairman of Lonrho Plc, commented:

"We expect significant uptake of KwikBuild systems across Africa in public works projects for housing, schools, hospitals and government offices. The
acquisition of KwikBuild by Lonrho is an essential part of our longer-term strategy to invest in responsible African infrastructure growth."

16.7m X trade at 50p......

Someone wants LONR stock :)

I don't blame them PP!

Lets hope the same buyer wants more, and Lonrho zooms past 50p and onwards to 60p

Agreed it looks like they have a fresh wind behind them and it may be that the new African funds that we mentioned previously may be the buyers. Lonr board may use strength in sp to raise further funds given the pace of acquisitions. Still it will keep the media busy.

When a fund sells 16million shares for 8 million quid and it doesnt effect the share price significantly is that a good sign ?

Yep, especially as the offer price was 47p and bid around 45p........

The fund was selling, and you normally lose 10% or more when trying to sell a big lump.

So really, what should have been 16.7 sold at say 40p.........was actually 16.7m sold at 50p....

It shows great demand for stock..........

Lonrho PLC
23 October 2007
LONRHO PLC
(Lonrho or the 'Company')

Lonrho announces Ambassador Frances Cook to join Board

Lonrho (AIM: LONR), the conglomerate with a structured portfolio of African investments, is pleased to announce that it has appointed Ambassador Frances Cook as a non-executive Director of the company.

A former United States of America ambassador to Burundi, to Cameroon and to the Sultanate of Oman, Cook also held numerous senior positions in the Department of State, including Deputy Assistant Secretary of State for Refugee Programs, and Deputy Assistant Secretary of State for Political-Military Affairs, Consul General in Alexandria, Egypt, and Director for West Africa. She transitioned to the private sector in May 1999, where she runs an international business consulting firm, The Ballard Group llc. Cook currently serves on the boards of Alliant Techsystems (NYSE) and Global Options Group (NASDAQ), and the Corporate Council on Africa. She is a Senior Fellow at the Center for Naval Analyses, and a member of the Council on Foreign Relations. She was educated at the Universities of Virginia and Harvard, and resides in Washington, D.C.

David Lenigas, Lonrho's Executive Chairman commented:

'I am delighted that Ambassador Cook is joining the Lonrho Board. She brings unparalleled experience of Africa, its politics and opportunities. It is our stated intention to increase the number of influential non-executives on the Board. Ambassador Cook is the first of these appointments and her expertise and guidance will help to ensure Lonrho's transparent and effective growth throughout Africa.

Doesn't seem to have affected the share price today - I thought this looked like a key appointment! But then I guess it will filter through in deals down the line.

RNS Number:2433G
Lonrho PLC 24 October 2007
LONRHO PLC
(Lonrho or the 'Company')

Lonrho announces expansion of Fly540 African fleet with
three BAE 146 aircraft

Lonrho (AIM: LONR), the conglomerate with a structured portfolio of African
investments, is pleased to announce that it is adding three BAE 146 aircraft to
its African fleet.

The aircraft, two BAE 146-300 100 seaters and one BAE 146-200 70 seater will be
delivered within the next eight weeks and will expand the Fly540 operational
network across sub-Saharan Africa.

These aircraft are part of a planned rollout of twelve aircraft for the Company
over the coming year. This will continue to develop the airline model from its
operational base in Kenya to other hubs across sub-Saharan Africa.

The Fly540 airline model is to create a mixed fleet of jets and turbo props that provide East to West and North to South pan African transport routes. The
Company deploys modern aircraft, operated to international standards.

David Lenigas, Lonrho's Executive Chairman commented:

"Fly540's success in Kenya has demonstrated the market demand for a quality
airline operating across the African continent. I am delighted that Fly540 is
now the choice of international carriers for flying their passengers within
Africa. Fly540 is set to fly to eight African countries early in 2008."

From http://www.iii.co.uk


Lonrho's long comeback

Edmond Jackson 05.11.07

One intriguing aspect of long-term investing is how various management styles (or fads, to hard-bitten cynics) fall in and out of fashion. On a 10 to 20-year view, the wheel can actually turn full circle. Take conglomerates, for example. Periodically, the concept of assembling a business group under a listed entity comes into vogue. The 1960s in particular, saw holding companies prosper and expand in both the

UK and US. Hanson Trust originated in Hanson White greeting cards to become a 1980s transatlantic colossus. When the takeover cycle is generally in full flow, listed companies are able to use their highly rated shares as currency to buy unquoted companies (typically on single figure P/Es) and literally manufacture earnings-per-share. They do indeed often achieve economies (such as providing development finance on better terms than a small firm can find on its own) although these tend to be less important than the key driver: raising equity at a relatively high value, based on expectations of ability to do deals, then buying into private businesses more cheaply. Such is a true money machine, for so long as the confidence lasts.

There are times when investors respond keenly to this approach, and at other times with derision. In the go-go 1980s, egged on by easy credit, many stockmarket entrepreneurs became over-stretched. The early 1990s recession exposed weaknesses in many of the conglomerates, with some imploding. 'Conglomerate' became a dirty word and 'focus' the new fashion. Investment bankers who earned fortunes, advising on takeovers, made another mint in fees from corporate restructurings.

Lonrho (LONR.L) - literally 'London-Rhodesia' - was one such company caught up in this classic boom-bust cycle. For many years its founder, Tiny Rowland, rode high both in the City of London and across Africa. He was much more than the average entrepreneur; indeed a charismatic leader who helped to give Lonrho's African firms an almost paternalistic reputation as an employer. Lonrho and Rowland eventually became victims of the conglomerate bust, with the tycoon ousted and seemingly endless strife between shareholder factions until 'Lonmin' was born from Lonrho's mining assets and - helped by soaring platinum prices - became an FTSE 100 company. The rump of Lonrho's other assets listed on AIM.

Making conglomerates work

These swings in business fashion blur a vital fact, relevant to assessing Lonrho currently: that some entrepreneurs can make the conglomerate model work well, especially in developing countries. For example, conglomerates have been a successful feature of various Far Eastern economies since their post-war period of rapid growth.

David Lenigas, the genial Australian resources entrepreneur and now chief executive of Lonrho since December 2005, is quite an example of 'Rowland re-born' in his expansive approach although he has the virtue of entrepreneurial drive without its abrasive edge. Such a hungry, yet sensitive approach ought to work well in deal-making situations, especially where African leaders need to feel confident about foreign investors.

Investors have cast off the 1990's cynicism and are entertaining the concept of a London-listed, African conglomerate, in a fresh light. Lonrho's AIM-listed shares more than doubled in value from 14p last year and at 48p are in a firm market, up 240%, which capitalises the group at £155 million. This equates perfectly with the early, halcyon years of a conglomerate expanding, when its shares attract a premium rating - partly linked to belief in the entrepreneur's ability to cut deals.

Lots of deals

A glance at Lonrho's announcements shows busy deal flow across Africa, in sectors as diverse as resources, infrastructure, transport, support services, hotels and leisure. Investors are looking to Lonrho's assets - and the expectation of further deals - as a benchmark for value, rather than the recent profit and loss account. Interims to end-March showed continuing operations losing £2.5 million on £3.7 million turnover, with acquisitions contributing £6.7 million turnover and a £0.5 million loss. Balance sheet shareholders' funds were £38.7 million. As with any acquisitive group, the combination of assets being integrated and shares in issue, are a moving feast. For the first half fiscal year, Lonrho had an average 224 million shares in issue, now 322 million after placing 45m shares with institutions at 38p in September to raise £17 million to fund group investments.

Separately, Lonrho's launch of a LonZim, a Zimbabwe investment fund, raised £32.3 million in July from the group's existing institutional shareholders, with Lonrho retaining a 39.4% stake. Given Zimbabwe's hyperinflation that may eventually result in economic crisis, this looks as high risk as emerging markets get. You could also say 'fortune favours the brave' and in its risk/reward evaluation, Lonrho has limited its own exposure. An announcement on 1 November revealed Lonrho has appointed Renaissance Capital, an emerging markets specialist, as placement agent to currently raise over £70 million for the fund, prior to an AIM listing.

Lonrho itself has yet to attract much interest among UK brokers (Company REFS cites 'no current forecasts') and the shareholder base is an eclectic set of international investors rather than pension funds, however it retains a keen following among 20,000 private investors since the Rowland era - who are now being rewarded by Lenigas as Lonrho shares rise.

Last July, substantial options - 5.2 million - were granted to board members and senior management at 44p, exercisable until 2012, so there is incentive to create further substantial upside.

The risks of rapid expansion in Africa

There are risks with rapid expansion by conglomerates, for example the possibility of accounting issues arising in specific subsidiaries although the typically eventual risk, of financial over-stretch, should be clear from the balance sheet. Despite the moving feast aspect of Lonrho's finances, its end-March balance sheet was satisfactory and has been enhanced by the recent equity placing.

The key issue for weighing up Lonrho shares is quite straightforward: does Africa represent a worthwhile investment proposition? Conservative investors may shudder at its reputation for Aids, tribal conflict and high-level corruption, however some who are more enterprising are re-appraising Africa's risk/reward profile in light of the commodities boom. Besides portfolio investors, you can see this in the way Chinese firms are scrambling to invest - well over £3 billion equivalent to date - in an effort to source natural resources essential for China's own economic growth. Annual Sino-African trade is now in the region of £30 billion. This is having an economic multiplier effect in Africa, for example improving infrastructure and jobs/incomes.

Rising soft commodity prices should also be helpful, at least for Africa's largely rural population, and the continent is starting to be seen as relatively more stable - with Algeria and Liberia now rated 'stable economies' by the World Economic Forum. Tourism is a major growth opportunity.

Amid doubts about US and European growth prospects - and fears the Far East exporting nations will experience some setback if Western demand eases - the hunt is on for fresh growth themes. 'Africa' may remain a preserve for enterprising investors but it does not require much of a shift in perception to result in the bull market you currently see in Lonrho shares. Direct equity plays on Africa that offer a spread of activities to reduce risk are scant, hence Lenigas's strategy to re-adopt the conglomerate model is timely. There are African investment funds but they have to find their own opportunities; which comes back to Lonrho.

It will be interesting to follow Lonrho as a test of the validity of conglomerates: whether Lenigas can avoid the mistakes of previous entrepreneurs, to deliver long-term sustainable value. Since Lonrho's strategy reflects his expansive personality and deal-making talent, there is a 'key person' risk with these shares.

An interesting and useful write up. I used to like reading Edmund Jackson's column when he wrote for the Sunday Telegraph and have seen some of his comments in the past on Citywire. He tends to have well balanced unexcitable views

Put this on both LEAD and LONR threads, all good news to those exposed to growth in Africa, LONR a lot more than LEAD, but its all relative.


http://allafrica.com/stories/200711020807.html

Africa: Africa Must Invest More in Telecommunications

Highway Africa News Agency (Grahamstown)

2 November 2007 David Kezio-Musoke

The 'Connect Africa' Summit that took place from 29 - 31 October 2007 ended in Kigali, Rwanda with a commitment of US$55 billion to investment and trade in Africa's emerging economies.

The chief of media relations and public information of the International Telecommunications Union (ITU), Sanjay Acharya told Highway Africa News Agency (HANA), that the ICT industry takes the lead of those commitments.

Meanwhile, president Paul Kagame of Rwanda said during his closing remarks that investment and trade as opposed to aid and charity must drive the transformation of Africa's economies.

Kagame called for a dynamic ICT sector to connect Africa to the global information superhighway.

"In order to realize this much-needed economic revolution, we have to forge productive relationships between government and business," Kagame said.

The Connect Africa Summit decided to bring forward ICT connectivity goals to 2012 to enable the achievement of the broader Millennium Development Goals (MDGs) by 2015.

Commitments were made to interconnect all African capitals and major cities with ICT broadband infrastructure and strengthen connectivity to the rest of the world by 2012.

By 2015, broadband and ICT services will be extended to all African villages. The Summit also sets out to meet the World Summit on the Information Society goals for capacity building, establishing an enabling environment for investment, and e-government services.

The role of governments in setting a level playing field for industry to compete was also highlighted.

It was also decided to ensure harmonization of the regulatory framework to stimulate cross-border integration in large-scale projects. Capacity building was identified as one key area for cooperation among all stakeholders.

Africa's mobile market has been the fastest-growing of any region over the last five years, and has grown twice as fast as the global market. Mobile phones overtook fixed lines in 2001 and now outnumber fixed telephone lines by nearly seven to one, with nearly 193 million mobile cellular subscribers in 2006. This figure is projected to grow to more than 270 million by the end of this year.

Stepping in to consolidate the mobile revolution in Africa, mobile operators of the GSM Association announced USD 50 billion in new investment over the next 5 years to expand and upgrade networks across the continent by 2012. This would provide mobile coverage to more than 90 per cent of the population.

The European Commission announced support for trans-African networks that facilitate interconnectivity.

An EU Trust Fund for Africa of almost 100 million Euros in grants and some 260 million Euros for loans has been established along with the European Investment Bank and ten EU member states for the period 2007-2008.

The fund, which will be substantially replenished at the end of 2008, will finance cross-border projects or national projects with a regional and continental impact that would include ICT. The Commission also announced a contribution of Euro 6 Million to support ITU's regulatory reform initiatives in Africa.

Success in mobile penetration is now set to be emulated in broadband connectivity in Africa, with new investment projects for ICT infrastructure.

"Africa is open for business," said ITU Secretary-General Hamadoun Tour "We are looking for investment through win-win partnerships in a viable marketplace by an expanding ICT industry." He added that wealth creation is key to achieving the MDGs. "This new investment in ICT infrastructure will lead to new jobs and overall economic growth," said Dr Tour

The representative of the UN Secretary-General Ban Ki-moon, Mr Sha Zukang, Under-Secretary-General of the UN Department of Economic and Social Affairs, said that innovative ways were needed to extend the reach of ICT to the most remote corners of the continent.

"I am confident that with the entrepreneurial spirit of the African private sector working with their international partners, the support of the international community and the commitment from governments, universal connectivity in Africa is no longer a utopian dream," he said.

The World Bank Group announced that it expects to double its commitment to ICT in Africa to US$ 2 billion by 2012 from its current investment programme of US$ 1 billion over the last five years. The financing will continue to promote private sector participation.

The African Development Bank (AfDB) also scaled up its investments in infrastructure, and expects to invest 60 percent of its concessional resources on infrastructure, including ICT, in the next three years.

The Bank committed close to US$ 65 million to two key regional infrastructure projects including RASCOM and the EASSy submarine cable.

Over one thousand participants, including six Heads of State, took part in the Connect Africa Summit.

The LonZim funds have now been raised and seem available for investment,with Lonr taking a 20% interest in LonZim and have power to manage the investments for a management fee. The pressure on Magabe has been stepped up following the statement by Merkel, the German Chancellor recently and could prove timely from the Lonzim viewpoint Lonr sp 46.5p.

Lonrho PLC
22 January 2008

22 January 2008

LONRHO PLC
('Lonrho' or the 'Company')

LONRHO's SHIPPING COMPANY 'SAILS'
RECEIVES 1,000 REFRIGERATED CONTAINERS
TO MEET DEMAND FROM SOUTH AFRICAN FRUIT EXPORTERS

Lonrho (AIM: LONR), the expanding conglomerate with a structured portfolio of
African investments, is pleased to announce that it's subsidiary, SA Independent
Liners Services Pty Ltd ('SAILS'), a shipping line based in South Africa, has
leased one thousand refrigerated containers for an eight year term.

The refrigerated containers are specialist units known as 'reefers' and provide
the ability to transport chilled or frozen goods. Following this transaction,
the Lonrho fleet of six vessels now has the ability to carry reefers at an
average of 30% of its storage capacity on each voyage, thereby meeting the
demand from the booming South African fruit growing market for delivering fresh
produce to the European markets. As a result of the transaction, SAILS has
become one of the leading shippers in this sector, and has secured US$ 14
million in new contracts for its shipping service to Europe.

The refrigerated units also provide a service on the return voyage, where they
can move medical and other chilled consumables being delivered to the African
market.

The containers have a contract value of US$ 28 million, based on an eight year
lease. They were ordered from Daikin Refrigerated Containers and manufactured to
order in Shanghai. The containers were delivered for use by the Lonrho fleet
during November and December 2007 and are now fully deployed.

David Lenigas, Lonrho's Chairman, stated:

'The ability to offer refrigerated containers to our customers is a niche, high
margin market, and strengthens SAILS business. The fact that all one thousand
units have been immediately put into service demonstrates the demand from this
sector for reefers. We are pleased to be supporting the expanding and important
South African fruit industry, and providing the services required to take
African goods to the European market in the best possible condition.'

sp 43p

sp 47.25p following a couple of announcements over its diamond and spring water businesses.

Reccomended in Moneyweek this week-end. Buy early on Monday before the herd.

Yes I noticed the mention as well. It was a general mention as part of an article on Africa (superior growth at inexpensive prices). For the very brave it also mentions LonZim (LZM). From memory I think Lonr owns 20% of LZM.

Monday turned out to be a bad day for any tipped share but LONR seem to be doing all the right things. I suppose the only downside is the cost of borrowing during the ongoing credit crunch.

If at long last Zimbabwe finally sees the back of Mugabe, sp will probably strengthern up from its current 36p

thought there might have been more optimism in the sp as it would seem Mugabe is on his way out. Perhaps potential investors need to see it before they believe it.Lonr interest in the country is through its 20% holding in LonZim (AIM stock). I expect many post Mugabe agreements have been made and there are plenty of uncertainties about the situation I am sure. sp 34.75p.

Lonrho PLC
30 April 2008

Lonrho Plc
('Lonrho')

LONRHO MINING IDENTIFIES AN ESTIMATED 160 KIMBERLITE PIPES FROM AIRBORNE SURVEY
IN ANGOLA


Lonrho (AIM: LONR), the conglomerate with a structured portfolio of African
investments, is pleased to announce that Lonrho Mining Ltd (formerly known as
Nare Diamonds) owned 23.01% by Lonrho, has made the following announcement to
the Australian Securities Exchange this morning:

'HIGHLIGHTS

Lonrho Mining has completed a 1,000km2 airborne magnetic and radiometric
survey over 1,000km(2) target area for the Lulo Diamond Concession with
exceptionally encouraging results

Interpretation by Lonrho Mining's independent geophysical consultant has
identified 217 magnetic anomalies of which an estimated 160 are likely to be kimberlite pipes

The diamond potential of this kimberlite cluster is very high given the
activity of an estimated 6,000 artisanal diamond miners within the Cacuilo
River terraces

A drilling programme will commence this year on the 6 largest anomalies to
confirm the presence of kimberlites

A bulk sampling programme will commence this quarter on the alluvials
following completion of base camp construction


Australian based diamond exploration and development company Lonrho Mining
Limited (ASX: LOM) ('Lonrho Mining' or the 'Company'), today announced the
identification of 217 magnetic anomalies from a helicopter borne aeromagnetic
and radiometric survey conducted at the Lulo Diamond Concession in Angola (see
Figure 1, Location Map).

The data from the survey has been processed by Fugro Airborne Surveys (Pty) Ltd
and analysed by Lonrho's independent geophysical consultant Mr E O Kostlin. He
has identified a large cluster consisting of 217 magnetic anomalies which he
believes are in all likelihood due to kimberlites or kimberlite magma blows.
This cluster is located within the diamond bearing Cacuilo River catchment area
on the Lulo concession.

Lonrho Mining's consultant geologist Manfred Marx believes that the results to
date from the Lulo survey are the most encouraging that he has witnessed since
the discovery of the Orapa Mine in Botswana in 1967.

Lulo is located in north eastern Angola, in an area which many experts believe
will become a prolific region for the production of diamonds. The Catoca mine,
which is approximately 90 kilometers from Lulo, produced approximately 7 million carats in 2007. Lulo is also adjacent to the Alto Cuilo concession which is a joint venture between Petra Diamonds and BHP Billiton where 77 kimberlite pipes have already been discovered.

Aeromagnetic Data
In February this year, a low level MIDAS helicopter survey was completed over
1,000km(2) covering the diamond bearing upper Cacuilo and Lulo Rivers. The aim
of the survey was to assist in the discovery of kimberlite deposits within the
surveyed area at Lulo.

The processing and analysis of the data acquired from the survey is now complete and has resulted in the identification of an extensive cluster of at least 217 magnetic anomalies (see Figure 2 and Figure 3).

Other diamond operators in this region (eg. Petra Diamonds Ltd, BHP Billiton)
have reported that up to 75% of the targeted magnetic anomalies drilled on their neighbouring Alto Cuilo concession are kimberlite pipes. Based on this
comparison, approximately 160 of the anomalies on the Lulo concessions are
likely to be kimberlites.

Significantly, in relation to Lulo, the terrace gravels on the Cacuilo River
have exceptionally high kimberlitic indicator mineral concentrations (see Figure 4) in addition to the presence of artisanal diggings, especially in the lower extent of the river system. Furthermore, historical records confirm the
existence of 29 kimberlite pipes that are known to be within the concession
area.


Kimberlite Work Schedule

The largest pipes within a kimberlite/lamproite province historically have the
highest grades. This approach has been successfully applied by BHP Billiton and Petra Diamonds at the adjacent Alto Cuilo project which has identified
approximately 77 kimberlites from 99 magnetic anomalies.

The Company's consultants have selected 6 of the largest targets, identified
from the aeromagnetic survey and an aerial-photo study which have minimum
estimated surface areas of between 5 and 20 hectares. The timing of this
drilling programme is dependent on final government approvals and the usual
logistical challenges, however, it is expected that the first phase testing of
the selected 6 kimberlites is scheduled for completion this year. Roads will,
as a priority, be constructed to gain access to these 6 priority targets.

Once a kimberlite is identified, bulk samples will be excavated from each pipe
and treated at the Cacuilo River diamond recovery plant. If the surface
definition of the target is unclear due to sand cover, then percussion drilling
will be undertaken as part of the assessment. The pipe with the highest
indicated grade will then be evaluated for its economic potential.


Alluvial Diamond Work Schedule

Alluvial diamond grades of between 9 and 20 carats/100tonne were recorded during colonial times in some of the Cacuilo River tributaries (Canguige and Camaconde River), directly draining some of the large photo-feature/magnetic anomalies. Further evidence of the kimberlites diamond potential is the presence of an estimated 6,000 artisanal miners in the Cacuilo River valley.

Following the recent commencement of the Cacuilo River base camp construction,
the initial bulk sampling stage will focus on the Cacuilo River terraces and
flood-plain gravels. The first 6,000 tonnes of gravel will be treated by a 16
foot rotary pan. The aim of this first phase is to determine the best
metallurgical practices applicable in the treatment of the Cacuilo gravels, as
well as to gain a basic understanding of the diamond grades and values that can
be expected in these gravel units. Given a favourable outcome, a greatly
enlarged bulk sampling programme will be initiated.

The gravel deposits will be mapped and surveyed along 1,000m spaced trenches
excavated at right angles to the flow of the ancient (and present) river. The
initial 6 x 1,000 tonne bulk samples will then be carefully selected to gain a
representative sample of the terrace gravels.

This initial phase is scheduled for completion by mid 2008.


Commenting on the survey results, Chief Executive Officer of Lonrho Mining,
Charles Mostert stated:

'We are delighted with these results which confirms our belief that Lulo has the potential to be a world class project. The survey results have exceeded our expectations and demonstrates the high diamond prospectivity at Lulo. With the survey completed we look forward to finalising outstanding approvals and will then commence a drilling program as part of developing this exciting project.'


About Lulo

The Lulo Diamond Concession is located in the Cuango River Basin within the
Lunda Norte Province of north-eastern Angola approximately 630km from the
capital city of Luanda. This concession is Lonrho Mining's flagship exploration
project based on the high diamond potential. Some 29 kimberlites are known
within the concession and extensive diamond bearing (garimpeiro activity)
alluvials occur along the Cacuilo and Lulo Rivers.

Earlier this year Lonrho Mining announced that it had signed a Joint Venture
Agreement with Endiama, the national diamond company of Angola and exclusive
concessionary for Angolan diamond mining rights. Within the 3,000km2 Lulo
Concession, Lonrho Mining's participating interest in the kimberlite deposits
will initially be 39% of the joint venture which will decrease to 30% after
recoupment of its investment in the Project. On all alluvial deposits Lonrho
Mining's participating interest will be 40% in the joint venture.

Under the terms of the Joint Venture with Endiama, Lonrho Mining has paid a
deposit of US$1.4 million in cash which is refundable after exploration
expenditure of twice the amount by the Company within nine months after signing
of the Joint Venture agreement. Lonrho Mining is also required to fund a work
programme for which the first year of exploration expenditure will total US$3,5
million. Lonrho Mining will receive in priority the funds it has expended on
exploration from future mining cash flow.

The Company has received all necessary approvals to commence exploration and
development of the alluvial deposits at Lulo and is awaiting final gazettal
approval in relation to the kimberlite deposits.'


For more information please visit:

www.lonrhomining.com


Competent Persons Disclosure
The information in this report that relates to Exploration Results, Mineral
Resources or Ore Reserves has been prepared by Manfred Marx and Consulting
Geophysicist E. O .Kostlin. Mr Marx and Mr Kostlin are consultants to the
Company and each has sufficient experience with the relevant style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking to be qualified as a Competent Person as defined in the 2004 Edition of the 'Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Each of Mr Marx and Mr Koslin consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.


Figure 1 - Lulo Diamond Concession
Figure 2 - Aeromagnetic total magnetic intensity colour contours
Figure 3 - Vertical gradient magnetic colour contours
Figure 4. - Digital terrain image showing Cacuilo River drainage pattern

Paste the following link into your web browser to download the PDF document
related to this announcement:

http://www.rns-pdf.londonstockexchange.com/rns/4081t_-2008-4-30.pdf


LONRHO ENQUIRIES

Lonrho Plc +44 (0)20 7016 5105
David Lenigas, Executive Chairman +44 (0)7881 825 378
Geoffrey White, Chief Executive Officer +44 (0)7717 307 308
Emma de Borchgrave, Executive Director +44 (0)7867 785 177


NOTES TO EDITORS
About LONRHO:

Lonrho Plc is an expanding conglomerate that is rapidly growing a successful
business throughout Africa. The Company's shares are traded on the London AIM
stock exchange (LONR). Lonrho is strategically focused on the development of
business opportunities in infrastructure, transportation, support services and
natural resources. The Company has over 20,000 shareholders and substantial
institutional backing to support its mandate to build a profitable business that plays a fundamental role in the development of the African economy.

Since 2006, the Company has invested in or acquired control of:

Hotel Cardoso -
www.hotelcardoso.co.mz (retained)

Lonrho Mining -
www.lonrhomining.com

Luba Freeport -
www.lubafreeport.com

Fly540 -
www.fly540.com

Swissta Holdings -
www.swissta.com

SA Independent Liner Services -
www.saliners.com

Bytes and Pieces

Kwikbuild -
www.e-kwikbuild.com

LonZim -
www.lonzim.co.uk


This information is provided by RNS
The company news service from the London Stock Exchange

19 May 2008




LONRHO PLC

('Lonrho')


Lonrho establishes 'Lonrho Projects South Africa ( Pty ) Limited' to develop key projects

in South Africa


Lonrho Plc (AIM: LONR), the conglomerate with a structured portfolio of African investments, is pleased to announce that it has established a new company in South Africa to undertake detailed feasibility studies on several major projects within South Africa that Lonrho Plc is currently evaluating.




The new company, which operates from Johannesburg, is carrying out pre-development feasibility and design studies for strategic opportunities including:




an oil terminal and port infrastructure development




a banking project




development of a resort hotel




regional aviation and airport opportunities

The new company has appointed Mr Sipho Nyawo to the Board of Directors. Mr Nyawo has a long career in infrastructure based developments, having worked with the United Nations Centre for Regional Development , in Nagoya, Japan, the Port Authority in New York and New Jersey in the United States; latterly holding senior executive roles with the Port of Durban, Transnet , Southern Africa Infrastructure Consulting Group (SAICOG); and serving as Government Commissioner in the KwaZulu Natal Provincial Commission for Planning and Development.




David Lenigas, Lonrho's Executive Chairman commented:


'Lonrho is undertaking in depth feasibility studies for several major new initiatives in South Africa. As part of this process, we are keen to utilise local skills and expertise whenever possible. Lonrho Projects South Africa pty Limited brings local skills to the Board, and the potential for strategic BEE involvement in our proposed developments'

Shares were tipped by the Midas column in Sunday Mail. Facts are mainly old hat but finishes article by saying that shs have fallen from 48p in January primary to general market conditions. At current levels shares are a punt and is not for faint hearted but rewards could be significant if Lenigas delivers.

Personally, I wonder if the stock is being wound up again for another move upwards.

The proposed South African study is interesting. I see that they are having racial troubles out there (including Joburg) with crowds attacking immigrants/foreigners and talk that military may have to be used to quell the problem if it spreads.

sp 33p

LONR
The lowest price recently was yesterday and again today was 28 / 28.25p, but there was only being tested with 100 shares on the offer side, and both times were taken with "AT" no chance of anyone buying.

Today is mosly buying "O" trades and the corresponding "AT" to balance the order book.
Another positive sign , the L2 order book is much stonger on the bid side with 7 extra trades

Keep an Eye (Added by Master RSI on Fri 23 May 03:23 pm)

LONR - Mid 28.375p (28.25/28.50)
Reason - There is signs that the bottom was reached on this cycle, now is good point for re-entry. Share price has reached the parabolic SAR and want to bounce from there, Slow stochastic also at its low oversold and is allways the first to turn.

LONR 28.75 - 29.25p +0.75p

Had a couple tick up already at both sides, and that should be the last move today

And finishing with a candlestick "hammer" very bullish as a reversal from a downtrend ...

BULLISH HAMMER
Type: Reversal
Relevance: Bullish
Prior Trend: Bearish

Confirmation: Definitely required

Definition:
The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend and it is called a hammer since it is hammering out a bottom. The Bullish Hammer Pattern is a single candlestick pattern and it has a strong similarity to the Bullish Dragonfly Doji Pattern. In the case of Bullish Dragonfly Doji Pattern, the opening and closing prices are identical whereas the Bullish Hammer Pattern has a small real body at the upper end of the trading range.

Recognition Criteria:
1. The market is characterized by a prevailing downtrend.
2. Then we see a small real body at the upper end of the trading range. Color of this body is not important.
3. We would like to see the lower shadow at least twice as long as the real body.
4. There is no (or almost no) upper shadow.

   

Decided to follow you in on this one Master.

Looks as though you have surpassed yourself again.

Well done!

Glad to say I sold my holding at higher levels but have been looking to buy back. However, I gather from another BB ( Interactive investor) that the Co wished to raise further funds which was not well received by institutions. May be wrong but, I am not getting good vibes from this one. Watching on sidelines for now.

Could be one for the Ups as MDC takes over in Zimbabwe:

LONDON (Thomson Financial) - LonZim Plc. said pretax profit for the period Oct. 25, 2007 to May 31, 2008 came in at 699,000 pounds, as expected given the economic climate in Zimbabwe.

The AIM-listed company said cash held at the end of the period was 23.1 million pounds.

Despite the ongoing uncertainty following the recent elections in Zimbabwe the company said it remains positive for the eventual long term recovery of the economy and continues to seek investments which will support this.

ZANU PF & MDC Sign Power Sharing Agreement today. Start of Long Term recovery?

It would be nice to think so but, imho it needs Magabe to be totally out of the scene. It would not surprise me if he get up to more dirty tricks.

Holders, and those interested in this diversified stock should enjoy this new article and analysis.

I recently saw their presentation, and LONR are one that is well worth tucking away, IMHO.


Click HERE for article

Thanks for that link Andy. Already hold and have tucked away as you say. Company needs to break even to slow any further major dilution.

Company progressing well on all fronts - looks promising

I selected this morning the shares on the "UPS" thread to go UP from here ..........

UPS
LONR 11.875p (11.75 / 12p )

Reason: the retracement seems is over as the larger buying trades are showing on the ticker, there is still a selller at 12p on the order book (112K keeps appearing) but not able to stablised how big it is. Positive Indicators mainly the Bollinger Band as the share price is under the lower band ( buying time )

Intraday

2 month with volume

3 month Bollinger Bands,RSI, S Stochastic and 50 days MA

Charts - 2 days

Holders should find this of interest, Geoffrey White on video talking to Proactiveinvestors.com!

Click HERE to access the interview

From the Daily Mail last week:-

Lonrho's shares will be moving up from the junior market to a full listing on April 26 and institutions are bound to take a closer look at the company which is considered to be an excellent play on emerging African markets.

Read more: http://www.dailymail.co.uk/money/article-1376305/MARKET-REPORT-GEOFF-FOSTER-Lonrho-takes-aim-FTSE.html#ixzz1K9nj5ytY

A steady start to LONR's listing on the Main Market and the addition of the Rt. Hon. Sir Richard Needham as an independent Non-Executive Director looks good.

David Lenigas, Lonrho's Executive Chairman, commented:

"Sir Richard Needham has extensive Governmental and commercial experience with a global perspective, and brings in-depth experience of working in the Far East, a region where Lonrho is seeing growing interaction for trade and infrastructure projects between Africa and the Far East."

I am removing ALL my research from here due to the constant personal abuse, defamation and distortions of it posted by:

ptholden

hlyeo98

halifax

blackdown

kimoldfield

cynic


This bunch of abusive retards is the reason MoneyAM will NEVER have a forum worth reading.

I have reported them to support by they do nothing, either because they want to force me to PAY them for the Traders Room or because they are too lazy to do anything. Maybe the people in support are the ones perpetrating the abuse, so as to force people to pay for the premium boards. Either way the service is sh1te and a disgrace to the finance industry. No wonder there is nobody left here apart from morons.

I will continue posting my good research on boards that are run in accordance with FSA and LSE listing rules and the interests of the market, not here where ar5eh0les rule the boards and all decent research is buried under their piles of sh1te.

The directors of Lonrho PLC (AIM: LONR), DiamondCorp (AIM: DCP), Amur Minerals (AIM: AMC) and Mariana Resources (AIM: MARL) will be presenting:

Wednesday the 28th September 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/122

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

Lots of buys here today,but I can't find any news.