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Lonrho Afrika moving towards Profit (LAF)     

ainsoph - 19 Mar 2003 12:43

results today .... always interesting and worth a read if you have the time ... these are not for the faint hearted as a lot of interesting peeps have substantial stakes and the company consisted of hundreds of tiny non-related companies spread across Southern Afrika. Many have been sold - closed or have been given away to their management .... however a lot has now already happened and although much smaller we are now looking towards profits.

The shares have moved up over 50% since the start of 2003 and I think there is more to come



ains

Guscavalier - 30 Apr 2007 13:06 - 18 of 41

PapalPower-very interesting Thanks. I subscribe to Money week. I must look into the free email. I think Laf could be in a good position to deal with a new government in Zimbabwe, since Magabe"s rule surely cannot last much longer. There must be significant potential there in what was once called the Bread basket of Africa.

Guscavalier - 02 May 2007 11:10 - 19 of 41

Ospraie reduces stake to 5.64% from 7.43%. Shares remain firm at 32p.

PapalPower - 02 May 2007 12:34 - 20 of 41

All those X trades, a buy and a sell, so no overhang, but it eliminates a weaker holder.

PapalPower - 02 May 2007 14:36 - 21 of 41

100K MM buy, now thats a good sign.

Guscavalier - 04 May 2007 10:55 - 22 of 41

Capital Research & Management Company reported a share stake of 6.28%. This is an American fund manager with around US$ 650bn under management and manages some funds of Pacific Life. Represents quality support.

PapalPower - 04 May 2007 11:32 - 23 of 41

Yep, lets hope they want to buy some more too :)

PapalPower - 09 May 2007 07:35 - 24 of 41

http://www.investegate.co.uk/Article.aspx?id=200705090700582682W

Lonrho Africa PLC
09 May 2007
Lonrho Africa Plc
('Lonrho' or the 'Company')

FLY540, EAST AFRICA'S LARGEST LOW COST AIRLINE EXPANDS FLEET
WITH THREE NEW DOMESTIC ROUTES IN KENYA

Lonrho (AIM: LAF), the pan-African company with infrastructure assets in Africa, is pleased to announce that Fly540, the low cost airline based in Nairobi in which the Company holds a 49% interest, is expanding its fleet with two additional aircraft.

Two Dash 8-100 turbo prop aircraft are expected to arrive in May 2007 and
significantly increase the capacity of the fleet allowing for new domestic
routes to Loki, Wajir and Mandera, in Kenya.

The Canadian manufactured Dash 8-100 turbo prop aircraft, which carries 37
passengers, has an excellent safety history and is extremely popular with low cost airlines around the world due to low operating costs resulting in a
significantly lower break-even point. Fly540's turbo prop aircraft are far more
fuel efficient than jets, allowing Fly540 to offer low budget fares, filling a
large gap in the Kenyan market for affordable no frills air travel.

Last month Fly540 carried over 10,000 passengers demonstrating the demand for low budget air travel in East Africa and the potential that this market offers. The rapidly increasing demand for such services makes this a high growth area of business aligning it with Lonrho's renewed strategic focus.

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

'We are very pleased with the addition of the two Dash 8-100's. This adds a lot of value to the existing fleet and is 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 high growth sectors. It is our intention to provide low cost value for money air travel in Kenya and the region, and Fly540 have been instrumental in allowing this to happen.'

Guscavalier - 09 May 2007 15:19 - 25 of 41

Steady as she goes. sp 32.25p unchanged after announcement.

PapalPower - 10 May 2007 02:10 - 26 of 41

http://allafrica.com/stories/200705080155.html


South Africa: Rebuilding Tiny Rowland's House

Business Day (Johannesburg) 8 May 2007

Michel Pireupireum Johannesburg


ON March 6 last year Lonrho Africa was trading at 110c a share. By this February the share price was touching 600c.

The renewed interest can be explained by what the company has achieved since receiving approval in February last year for re-establishing its presence in Africa.

Since then it has:

Acquired 63% of Luba Freeport in Equatorial Guinea, which is being developed into the premier west African hub for oil and gas and transshipping;

Retained a 59% interest in, and management contract for, the Hotel Cardoso in Mozambique, which recently reported its best year's trading for eight years;

Invested in Brinkley Mining, a uranium mining company, and Nare Diamonds, a diamond exploration and production company in SA;

Made strong inroads in the transport sector by acquiring 49% of Fly540, a new low-cost airline based in Nairobi and 43% of Norse Air, a cargo and charter passenger air travel business based in SA; and

Acquired a 50% interest in Swissta, a water bottling company with factories in Mozambique and the Democratic Republic of Congo.

The company now intends changing its name to its historical moniker, Lonrho.

But, with annual turnover of 3,4m, operating assets of 23,5m and a cash balance of 20,7m at the end of September last year, it is still a long way from regaining its former status.

According to a piece by Merryn Somerset Webb in The Spectator magazine, at its peak Tiny Rowland's Lonrho had 800 businesses operating in everything from textiles and tea estates to Nairobi's famous Norfolk Hotel, and at the end of the 1980s it was making profits of £270m a year.

But David Lenigas who took over last year, sees renewed opportunities. He maintains "there's money all over Africa, a fast-growing middle class, a core of excellent companies, rapidly improving infrastructure, a massive resource base and huge opportunities for those prepared to look below the headlines".

He's quoted by Somerset Webb as saying that the Cardoso Hotel will be unrecognisable by the time it has achieved its five stars and the site next to it has been developed. Bottled water is so in demand that "you can get payback in a year or two".

There are plans for plants in Kenya, Sudan, Angola and Equatorial Guinea.

And all this is just the start. There are a score of other deals on the table and, better still, Lenigas intends to pay for all of them in cash, which in his case seems to be raised at will.

His last fundraising round, he claims, took only three days with "no broker needed".


.

PapalPower - 10 May 2007 10:11 - 27 of 41

Nice few ticks up today.

PapalPower - 10 May 2007 15:09 - 28 of 41

Moving well today, with some strong buying

PapalPower - 10 May 2007 16:14 - 29 of 41

25K MM buy.

L2 now all blue, 2 v 1 @33/33.5

Guscavalier - 10 May 2007 19:25 - 30 of 41

PapalPower- encouraging mention in S.African press highlighting developments to date. Up to now we have not seen a great deal in U.K. media. If, as hoped, the Company executes larger deals I am sure the following will spread. Yes, good solid interest in the shares today. Subject to the size of the next deal, I would not be surprised if LAF raises further funds from shareholders.

PapalPower - 11 May 2007 15:29 - 31 of 41

Some more nice buying and a tick up today as well. Perhaps there is news on the horizon ?

PapalPower - 11 May 2007 15:44 - 32 of 41

More MM buys and more ticks up, looks like stake building is going on.

Guscavalier - 11 May 2007 15:47 - 33 of 41

Yes, or dare I say, a possible mention in the weekend press, given the consistant support.

PapalPower - 12 May 2007 02:29 - 34 of 41

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

Guscavalier - 12 May 2007 07:10 - 35 of 41

Lonrho Africa PLC
11 May 2007

Lonrho Plc

('Lonrho' or 'the Company')



Holding in Company



Lonrho was notified on 10 May 2007, that L-R Global Partners, L.P. and L-R
Global Fund Ltd have a combined interest in 12,876,000 ordinary shares of 1
pence each in the share capital of the Company, representing an increase to
approximately 5.74% per cent of the issued ordinary share capital of the
Company.



11 May 2007


Guscavalier comment - L-R are US based Global Hedge Fund and investment manager which came into being in 1997.

PapalPower - 12 May 2007 08:36 - 36 of 41

Definitely some stake building going on, and you cannot blame them as Lonrho offers an excellent way of getting in on the growth in Africa.

PapalPower - 14 May 2007 07:07 - 37 of 41

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.'

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