Zimbabwe - next for investors?
Discussion
Novice full stop.
I don't mind losing a bit of cash.
I knew it wouldn't be long before someone mentioned the 'regime'.
That's not what I'm investing in, surely investing in the country and its populous can only help it (and me
)
Talk of regimes, people still invest in China?
I've just been reading the Moneyweek item so I think I'll give it a go.
I don't mind losing a bit of cash.
I knew it wouldn't be long before someone mentioned the 'regime'.
That's not what I'm investing in, surely investing in the country and its populous can only help it (and me
)Talk of regimes, people still invest in China?
I've just been reading the Moneyweek item so I think I'll give it a go.
I had a look at LonZim over a year ago and thought about putting £1k in as a pure punt. Their pitch was that they invest in a broad range of Zim companies. Last time I looked share price had gone from 100p to 27p and I think they might have been taken over.
I reckon this type of punting is only for beer money sized bets.
I reckon this type of punting is only for beer money sized bets.
Highly risky thats for sure - that said the OP's garage does look very nice so £1k could easily be beer money to him.
I wouldnt touch it personally - Mugabe for starters he'd have to go as his idea of sharing the country's wealth with the poor blacks (in theory a great idea) has destroyed profitable farms which employed many staff
I wouldnt touch it personally - Mugabe for starters he'd have to go as his idea of sharing the country's wealth with the poor blacks (in theory a great idea) has destroyed profitable farms which employed many staff
Zip106 said:
Well, I've just put in the price of dinner for 2 at a Michelin restaurant into LonZim.
I looked at Masawara but something doesn't sit right with it.
Anyway, we'll see what happens.
Are we talking about the Fat duck at Bray prices or much more?I looked at Masawara but something doesn't sit right with it.
Anyway, we'll see what happens.
Fat duck - tasting menu is c£150 per person.... I've never been but instead have been to his other joint over the road to this one (more or less) its a Gastro and MUCH more reasonable.
Well, direct investors, what do you think of the news today?
Interesting to see how the Chinese respond, but they provide (allegedly low quality) infrastructure projects in return for mining rights which is one model proposed to ameliorate the 51% transfer of companies to ZPF apparatchiks....sorry "empowerment".
DOI - I have no direct investments in the country, though anyone in FTSE 100 or allshare funds will have some exposure - subsidiaries of large miners etc.
Edit to correct spelling mistake.
Edit - Zimbabwean friend tells me that this has long been trailed and the minimal reaction (-2%) in, for example Lonzim's share price today would seem to confirm that. Who will provide the cash to buy out 51% of the companies - China presumably, via local ZPF frontmen.
Interesting to see how the Chinese respond, but they provide (allegedly low quality) infrastructure projects in return for mining rights which is one model proposed to ameliorate the 51% transfer of companies to ZPF apparatchiks....sorry "empowerment".
DOI - I have no direct investments in the country, though anyone in FTSE 100 or allshare funds will have some exposure - subsidiaries of large miners etc.
Edit to correct spelling mistake.
Edit - Zimbabwean friend tells me that this has long been trailed and the minimal reaction (-2%) in, for example Lonzim's share price today would seem to confirm that. Who will provide the cash to buy out 51% of the companies - China presumably, via local ZPF frontmen.
Edited by nomisesor on Tuesday 14th September 08:38
Edited by nomisesor on Tuesday 14th September 18:27
Gassing Station | Finance | Top of Page | What's New | My Stuff