New Risk • Mar 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Mar 19
Zccm Investments Holdings plc Appoints Abigail Ngosaas as Non-Executive Director on the Board, Effective 2 March 2026 ZCCM Investments Holdings Plc announced inform its shareholders and the market that effective 2 March 2026, and in accordance with Article 15.4 of the Companies Articles of Association, the Ministry of Finance, together with the National Pension Scheme Authority (NAPSA), have appointed Ms. Abigail Ngosaas Non-Executive Director on the Board of ZCCM-IH. Ms. Abigail Ngosa is an investment professional with extensive experience in investment management, financial analysis, and infrastructure financing. She currently serves as Manager - Investments at the National Pension Scheme Authority (NAPSA) in Lusaka, Zambia, where she is involved in executing major strategic investments and managing subsidiary portfolios. Ms. Ngosa has played a key role in several large-scale infrastructure and energy transactions, including financing initiatives supporting national projects such as power generation and major transport infrastructure. Her experience spans investment analysis, portfolio management, policy development, due diligence, and governance oversight of investment subsidiaries. She previously held various roles at NAPSA, including Acting Manager Treasury, Investments Officer - Treasury, Manager Investments Back Office, and Investment Analyst - Portfolio. Earlier in her career, she worked in operations management and banking, including at Cavmont Bank and Bank of America. Ms. Ngosa holds a Master of Science in Finance and Investment from the University of Nottingham and a Bachelor of Science (Hons) in Accounting and Finance from the University of East London. She is currently pursuing a Master of Science in Public Financial Asset Management at City St George's, University of London. She also holds an International Certificate in Wealth and Investment Management from the Chartered Institute for Securities and Investments. New Risk • Mar 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Announcement • Mar 06
ZCCM Investments Holdings Plc Announces CFO Changes ZCCM Investments Holdings Plc informed its shareholders and the market that the Company has, by mutual agreement, separated with its Chief Financial Officer, Mrs. Chilandu Sakala, effective March 3, 2026. In the meantime, Mr. Chitalu Kabwe, currently serving as Finance Manager - Reporting, will serve as Acting Chief Financial Officer with immediate effect. Mr. Kabwe will serve in this capacity until further notice. Announcement • Mar 05
ZCCM Investments Holdings plc Announces Board Changes ZCCM Investments Holdings Plc wishes to inform its shareholders and the market that effective February 23, 2026, the majority shareholder, the Industrial Development Corporation, has appointed Mr. Hector Sampa as Non-Executive Director on the Board of ZCCM Investments Holdings Plc. Mr. Hector Sampa is a seasoned Chartered Accountant and public finance expert with over twenty-six years of experience in Public Financial Management within the Government of the Republic of Zambia. He currently serves as Director - Revenue Financial Management at the Ministry of Finance and National Planning under the Office of the Accountant General. In this role, he has led reforms and initiatives in revenue administration, digitisation of public financial systems, and automation of non-tax revenue collection. He has also played a key role in coordinating Public-Private Partnership negotiations for major national infrastructure projects. He is currently a Board Member of the National Road Fund Agency and serves as Vice Chairperson of its Finance and Administration Committee. His governance experience further includes board and committee roles in public institutions and state-owned enterprises. Mr. Sampa holds a Master of Business Administration from Heriot-Watt University and is a Fellow of both the Zambia Institute of Chartered Accountants and the Association of Chartered Certified Accountants. The Board further wishes to inform shareholders that Ms. Masitala Mushinga has retired as Non-Executive Director of the Company. Reported Earnings • Sep 05
First half 2025 earnings released: K5.30 loss per share (vs K344 profit in 1H 2024) First half 2025 results: K5.30 loss per share (down from K344 profit in 1H 2024). Revenue: K44.1m (down 98% from 1H 2024). Net loss: K848.3m (down 101% from profit in 1H 2024). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Sep 04
ZCCM Investments Holdings Plc Provides Earning Guidance for the Half Year Ended June 30, 2025 ZCCM Investments Holdings Plc provided earning guidance for the half year ended June 30, 2025. For the period, Earnings Per Share ("EPS") is expected to be approximately 102% lower than that reported for the corresponding period ended 30 June 2024. The decline in earnings is primarily attributed to the absence of the one-off investment gain recognised in 2024, as well as the underperformance of Mopani Copper Mines Plc and Konkola Copper Mines Plc, both of which are currently undergoing strategic operational reforms. New Risk • Jul 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 3.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (3.2% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Jul 10
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Vice Chairperson Mubita Akapelwa was the last director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Announcement • Jun 21
ZCCM Investments Holdings Plc to Report Fiscal Year 2024 Results on Jun 20, 2025 ZCCM Investments Holdings Plc announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Jun 20, 2025 Announcement • Jun 11
ZCCM Investments Holdings Plc Appoints Phesto Musonda as Non-Executive Director and Chairperson of its Board, Effective 9 June 2025 ZCCM Investments Holdings Plc (ZCCM-IH) announced that, effective 9 June 2025, the majority shareholder, the Industrial Development Corporation (IDC), has appointed Mr. Phesto Musonda as a Non-Executive Director and Chairperson of the ZCCM-IH Board. Mr. Phesto Musonda is a seasoned entrepreneur and a prominent figure in Zambia's construction and mining industries, bringing over three decades of experience in driving industrial growth, innovation, and strategic development. As Chairman and CEO of both Phoenix Materials Ltd. and the Sub Sahara Gemstone Exchange Industrial Park Ltd, he has combined technical and business acumen with visionary leadership to advance the mining and gemstone sectors not only in Zambia but across the Sub-Saharan region. Renowned for his leadership in industrial development and policy advocacy, Mr. Musonda has played a key role in shaping Zambia's economic and infrastructural development landscape. His ability to scale businesses, influence national policy, and implement Total Quality Management (TQM) systems has been instrumental in elevating operational standards across the sectors he engages in. Under his leadership, Phoenix Materials Ltd. has grown to become a key player in providing mining support services in Zambia and is founder of the Sub Sahara Gemstone Exchange Industrial Park Ltd, the first indigenous owned economic zone in Zambia. He currently holds several leadership positions, including Chairman and President of the Sub Sahara Gemstone Exchange Industrial Park Ltd, Chairman of Phoenix Materials Ltd. and as well as Chairman of Manda Hill Centre, one of Zambia's largest shopping malls. His leadership extends into both the public and private sectors, having served in pivotal roles such as Vice Chairman of the National Roads Fund Agency (NRFA), Vice Chairman of the National Council for Construction (NCC), and President of the Association of Building and Civil Engineering Contractors (ABCEC). He also holds the distinction of having been the longest-serving Chairman of the Zambia International Trade Fair (ZITF). He further served as a Board Member of Flying Doctors Services and as a Board Member of the Zambia Association of Chambers of Commerce and Industry (ZACCI). He also Consulted for the inaugural Zambia Mining and Investment Insaka (2024). Mr. Musonda holds a Master of Business Administration (MBA) with a specialization in Total Quality Management from the University of South Wales and a graduate of Construction from the Copperbelt University. His career exemplifies a rare blend of technical knowledge, executive leadership, and a long-standing commitment to Zambia's industrial and economic development. Reported Earnings • May 08
Full year 2024 earnings released Full year 2024 results: Revenue: K3.21b (down 73% from FY 2023). Net income: K42.3b (up K45.4b from FY 2023). Announcement • May 05
ZCCM Investments Holdings plc Announces CEO Changes ZCCM Investments Holdings Plc announced that by mutual agreement, separated with its Chief Executive Officer, Dr. Ndoba J. Vibetti, effective 30 April 2025. The Board announced the appointment of Mr. Tisa Chama, currently serving as as Acting Chief Executive Officer effective May 2, 2025. Mr. Chama will serve in this capacity until further notice. Eng. Chama is a seasoned Mining Engineer with over 25 years of experience across technical, operational, and managerial roles in the mining sector. He has worked extensively in Zambia, Namibia, East Africa, and West Africa, holding key positions at prominent mining companies including ZCCM, KCM, Rio Tinto, AngloGold Ashanti (AGA), and Barrick, notably serving as Planning Manager. Before joining ZCCM-IH in November 2020, he was the Senior Principal Mining Engineer for AGA's Africa Region, based in Johannesburg, South Africa. His consultancy experience spans project development from concept to feasibility stages for both Greenfield and Brownfield sites, across a range of commodities including copper, cobalt, uranium, and gold. He has demonstrated strong leadership skills in project management and technical roles in various developing countries in Africa. Eng. Chama holds a Bachelor of Mineral Sciences in Mining Engineering from the University of Zambia and an MBA from the University of the Free State, South Africa. He is a Registered Engineer with the Engineering Institution of Zambia (EIZ) and a member of the Southern African Institute of Mining and Metallurgy (SAIMM). New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (126% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.8% average weekly change). New Risk • Mar 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €77.9m (US$84.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (126% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (€77.9m market cap, or US$84.4m). New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (126% accrual ratio). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Jan 21
Zccm Investments Holdings plc Announces Tenure of Bishop John Mambo as Non-Executive Director, Member of the Remuneration and Investments Committee, Came to End ZCCM Investments Holdings Plc informed shareholders that the tenure of appointment as Director of Mr. Bishop John Mambo as Non-Executive Director on the ZCCM-IH Board came to an end effective 12th December 2024. Mr. Bishop John Mambo was appointed on 13 December 2021. During his tenure, he served as Non-Executive Director of the Board and was a member of the Remuneration and Investments Committee. New Risk • Dec 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €84.3m (US$88.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (126% accrual ratio). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€84.3m market cap, or US$88.5m). Reported Earnings • Sep 30
First half 2024 earnings released: EPS: K344 (vs K14.98 loss in 1H 2023) First half 2024 results: EPS: K344 (up from K14.98 loss in 1H 2023). Revenue: K2.37b (down 67% from 1H 2023). Net income: K55.3b (up K57.7b from 1H 2023). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
ZCCM Investments Holdings Plc Provides Earnings Guidance for the Half Year Ended 30 June 2024 ZCCM Investments Holdings Plc provided earnings guidance for the half year ended 30 June 2024. For the period, the company expects earnings per share (EPS) for the half year ended 30 June 2024 is expected to exceed that of the half year ended 30 June 2023 by 2,396%. Announcement • Aug 28
JCHX Mining Management to Sell 10% Stake in Lubambe Copper Mine to ZCCM Investments Holdings JCHX Mining Management Co.,Ltd. (SHSE:603979) said it plans to sell 10% stake in Lubambe Copper Mine Limited (LCML) to ZCCM Investments Holdings Plc (ENXTPA:MLZAM) (XCCM-IH). JCHX said company will own 70% stake in LCML, XCCM-IH will own remaining 30%. Reported Earnings • Jul 26
Full year 2023 earnings released: K19.21 loss per share (vs K23.26 loss in FY 2022) Full year 2023 results: K19.21 loss per share (improved from K23.26 loss in FY 2022). Revenue: K11.7b (down 1.5% from FY 2022). Net loss: K3.09b (loss narrowed 17% from FY 2022). Production and reserves: Copper Production: 88,694 t (93,628 t in FY 2022) Gold Production: 1.311 troy koz (734 troy oz in FY 2022) Manganese Production: 2,325 t Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jul 23
ZCCM Investments Holdings Plc Announces Withdrawn the Appointment of Moses S Nyirenda as Non-Executive Director by Industrial Development Corporation In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, ZCCM Investments Holdings Plc informed shareholders that the Industrial Development Corporation, the Majority Shareholder, has withdrawn the appointment of Mr. Moses S Nyirenda as Non-Executive Director on the ZCCM-IH Board effective 17th July 2024. Mr. Nyirenda was appointed on 13 December 2021. During his tenure, he served as Non-Executive Director and Chairperson of the Remuneration Committee of the Board. Announcement • Jun 10
ZCCM Investments Holdings Plc, Annual General Meeting, Jun 28, 2024 ZCCM Investments Holdings Plc, Annual General Meeting, Jun 28, 2024, at 10:00 South Africa Standard Time. Location: mulungushi international conference centre, kenneth kaunda wing, banquet hall number 1, lusaka Zambia Announcement • Jun 08
ZCCM Investments Holdings plc Proposes the Final Dividend for the Year Ended 31 December 2023 ZCCM Investments Holdings Plc at its AGM to be held on 28 June 2024 proposed the final dividend of ZMK 1.51 per share recommended by the Directors for the year ended 31 December 2023. Reported Earnings • Apr 15
Full year 2023 earnings released Full year 2023 results: Revenue: K11.7b (down 3.0% from FY 2022). Net loss: K4.60b (loss widened 22% from FY 2022). Reported Earnings • Sep 04
First half 2023 earnings released: K14.98 loss per share (vs K5.08 loss in 1H 2022) First half 2023 results: K14.98 loss per share (further deteriorated from K5.08 loss in 1H 2022). Revenue: K7.12b (down 4.7% from 1H 2022). Net loss: K2.41b (loss widened 195% from 1H 2022). Announcement • Sep 01
ZCCM Investments Holdings Plc to Report First Half, 2023 Results on Sep 01, 2023 ZCCM Investments Holdings Plc announced that they will report first half, 2023 results on Sep 01, 2023 New Risk • Jun 30
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 16% per year over the past 5 years. Reported Earnings • Jun 30
Full year 2022 earnings released Full year 2022 results: Revenue: K12.0b (down 19% from FY 2021). Net loss: K3.82b (down 291% from profit in FY 2021). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €1.58, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 6x in the Metals and Mining industry in France. Total returns to shareholders of 204% over the past three years. Announcement • May 10
ZCCM Investments Holdings Plc Announces Directorate Change The Board of ZCCM Investments Holdings P announced the resignation of Ms. Dolika E S Banda as Non-Executive Director and Board Chairperson of the Company effective 5 May 2023. Ms. Banda served as Non-Executive Director and Board Chairperson of ZCCM-IH since her appointment on 13 December 2021. The Board announced the appointment Mr. Kakenenwa Muyangwa as Non-Executive Director and Board Chairperson with effect from 5 May 2023. Mr. Muyangwa is an experienced mining and financial expert with a wealth of experience of over 35 years gained from working in the international mining, metals and concentrates trading, finance, and accounting industries. Skilled in complex business transaction negotiations, business planning and strategy, copper mining and trading, managerial finance and accounting, he is a strong business development professional with a Bachelor of Engineering degree in Mining Engineering from Imperial College of Science and Technology, London. He is also a qualified Chartered Certified Accountant, who has spent many years in Audit and Business Advisory services with PricewaterhouseCoopers in Zambia and London. Mr. Muyangwa provides interim management services and is currently engaged as a long-term consultant in the corporate turnaround of distressed companies and projects across Africa for the African Development Bank. Since November 2017, he has represented ZCCM-IH on the board of Mopani Copper Mines Plc, Kariba Minerals Limited and CNMC Luanshya Copper Mines Plc. In November 2021, he was appointed to the board of First National Bank Zambia Limited as a Non-Executive Director. Announcement • Feb 03
ZCCM Investments Holdings plc Announces Executive Changes The Board of Directors of ZCCM Investments Holdings PLC hereby announced the resignation of Mr. Chabby Chabala as Company Secretary effective 18 February 2023. In the interim, the Strategy Manager Mr. Charles Mjumphi will serve in this role effective 19 February 2023. The Board will notify all stakeholders once the office of the Company Secretary has been filled. Upcoming Dividend • Jan 26
Upcoming dividend of K0.53 per share at 1.8% yield Eligible shareholders must have bought the stock before 02 February 2023. Payment date: 06 February 2023. Trailing yield: 1.8%. Lower than top quartile of French dividend payers (5.1%). Lower than average of industry peers (3.1%). Announcement • Jan 21
ZCCM Investments Holdings Plc Announces the Appointment of Ndoba Joseph Vibetti as Chief Executive Officer, Effective 1 February 2023 The Board of Directors of ZCCM Investments Holdings PLC announced the appointment of Dr. Ndoba Joseph Vibetti as Chief Executive Officer of the Company effective 1 February 2023. Dr. Vibetti brings over 35 years of experience gained in the mining, financial and academic sectors. He has spent the greater part of his career with the Industrial Development Corporation of South Africa in various roles including, Senior Projects Manager as well as Subject Matter Expert in mining and industrial development. He currently serves as Consulting Dealmaker in IDC South Africa's Mining & Metals Strategic Business Unit. In this capacity, he has led the Corporation's investment efforts in the Democratic Republic of Congo, specifically covering Lualaba, Katanga, and North Kivu provinces. In addition to mining, Dr. Vibetti brings financial and investment experience, gained at Standard Bank and ABN Amro (BV). His experience in academia comes from his role as lecturer in geology at the University of Zambia in Lusaka, and the University of the Witwatersrand in Johannesburg. Having obtained his bachelors' degree in Mineral Science from the University of Zambia, Dr. Vibetti commenced his early career as a survey geologist with the Ministry of Mines in Zambia. In 1990, he was appointed Head of the Geology Department, University of Zambia, the first Zambian to hold this position. In addition to his qualifications from the University of Zambia, Dr. Vibetti holds a PhD from University of Western Ontario, Canada and an MBA from the University of the Witwatersrand, South Africa. As a geologist and mining financier, Dr. Vibetti is networked with various institutions and organizations within the African Continent as well as across the globe. Announcement • Dec 18
ZCCM Investments Holdings Plc Approves Final Dividend for the Year Ended December 31, 2020, Payable from 6 February 2023 At the 18th Annual General Meeting ("AGM") of ZCCM Investments Holdings Plc held virtually and physically at the Mulungushi Conference Centeron the 9 of December 2022,a Final Dividend of ZMW 0.53 per share for the financial year ended 31December 2020was approved by the shareholders. In accordance with the requirements of the Securities Act No. 41 of 2016 andSection 3.11 of the Listing Rules of the Lusaka Securities Exchange, notice is hereby given that the dividend shall be payable to shareholders registered in the Company's books at the close of business on 3 February 2023. The payment date will be from 6 February 2023. Therefore, the last trading day to be eligible to receive the dividend is 31 January 2023. Announcement • Dec 17
ZCCM Investments Holdings Plc Announces Directorate Change ZCCM Investments Holdings Plc announced that Mr. Muchindu Kasongola retired from the Company's Board of Directors ("the Board") with effect from 25 November 2022. Furthermore, the Board appointed of Mr. Brian N. Nalishuwa as Director of the Board effective 7 December 2022. Mr. Nalishuwa is an Investments Professional with key expertise in Investments and Finance, Treasury and Investments, Corporate Strategy and Mergers and Acquisitions. His experience spans over twenty (20) years in the power energy, mining and infrastructure, manufacturing, agriculture, and services sectors. He is currently Acting Chief Investments Officer at the Industrial Development Corporation ("IDC"), and has in the recent past, acted as Non-Executive Director on the boards of some IDC's subsidiaries and investee companies. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 28% share price gain to €1.60, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 12x in the Metals and Mining industry in France. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 17% share price gain to €1.26, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 12x in the Metals and Mining industry in France. Total returns to shareholders of 89% over the past three years. Announcement • Nov 21
ZCCM Investments Holdings Plc Proposes Final Dividend for the Year Ended December 31, 2020 ZCCM Investments Holdings Plc to approve the final dividend of ZMK 0.53 per share recommended by the Directors for the year ended 31December 2020, at the AGM to be held on December 9, 2022. Board Change • Nov 16
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Non-Executive Director Philippe Taussac is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Buying Opportunity • Nov 02
Now 16% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be €1.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Nov 02
Full year 2021 earnings released Full year 2021 results: Revenue: K14.7b (up K14.6b from FY 2020). Net income: K2.00b (up 22% from FY 2020). Profit margin: 14% (down from 1,443% in FY 2020). Announcement • Oct 28
ZCCM Investments Holdings Plc, Annual General Meeting, Nov 15, 2022 ZCCM Investments Holdings Plc, Annual General Meeting, Nov 15, 2022, at 10:00 Coordinated Universal Time. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 19% share price gain to €1.33, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 8x in the Metals and Mining industry in France. Total returns to shareholders of 94% over the past three years. Announcement • Jul 14
ZCCM Investments Holdings Plc Announces Appointment of Muyangwa Charles Muyangwa as Director The Board of Directors of ZCCM Investments Holdings Plc announced the appointment of Mr. Muyangwa Charles Muyangwa as Director with effect from 17 June 2022. Mr. Muyangwa-Director General of NAPSA has over thirty years experience in financial services, customs and revenue administration and capacity building. He is a holder of a Master's Degree in Business Administration with Fiscal Management from Bath University in the United Kingdom and Bachelor of Business Administration from the Copperbelt University. He recently worked as Senior Economist at the International Monetary Fund. Mr. Muyangwa has helped countries in Sub-Saharan Africa and the Caribbean to improve domestic revenue mobilisation capacities through developing and implementing medium term revenue strategies and supporting reforms. Prior to that, he contributed to domestic revenue mobilisation in Zambia through various roles, including as Commissioner for Value Added Tax and Customs Services at the Zambia Revenue Authority. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 29% share price gain to €1.35, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 21% over the past three years. Announcement • May 10
ZCCM Investments Holdings Plc Appoints Ronnie Kamanya as Director The board of directors of ZCCM Investments Holdings Plc announced the appointment of Mr. Ronnie Kamanya as Director with effect from 26 April 2022. Mr. R Kamanya is a passionate Pension and Business Professional by training with experience of 25 years' from National Pension Scheme Authority, Zambia Revenue Authority and Zambia Public Procurement Authority (Formerly, Zambia National Tender Board). Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 7 non-independent directors. Acting CEO & Executive Director Tisa Chama was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Announcement • Apr 12
ZCCM Investments Holdings Plc Announces Resignation of Yollard Kachinda as A Director The board of directors of ZCCM Investments Holdings Plc announced the resignation of Mr. Yollard Kachinda as a director with effect from 6 April 2022. Announcement • Apr 01
ZCCM Investments Holdings Plc Announces Separation of Mabvuto T Chipata as Chief Executive Officer ZCCM Investments Holdings Plc announced the separation from employment of Mr. Mabvuto T Chipata as Chief Executive Officer (CEO) of the Company effective 30 March 2022. The separation is by mutual consent. The Board announced that Mr. Tisa R Chama, Chief Technical Officer, has been appointed to act for administrative convenience in the intervening period upto the time a substantive CEO is appointed. Upcoming Dividend • Jul 15
Upcoming dividend of K0.33 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 26 July 2021. Trailing yield: 1.4%. Lower than top quartile of French dividend payers (3.8%). Lower than average of industry peers (4.7%). Announcement • Jun 15
ZCCM Investments Holdings Plc Provides Earnings Guidance for the Nine Months Ended 31 December 2019 ZCCM Investments Holdings Plc provided earnings guidance for the nine months ended 31 December 2019. For the year, the company expects Earnings Per Share is expected to be approximately 32% lower and 242% higher respectively, than the financial year ended 31 March 2019. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 16% share price gain to K1.25, the stock trades at a trailing P/E ratio of 65.2x, up from the previous P/E ratio of 56.4x. Average P/E is 14x in the Metals and Mining industry in Europe. Total return to shareholders over the past three years was a loss of 16%. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 48% share price gain to K1.21, the stock is trading at a trailing P/E ratio of 64.3x, up from the previous P/E ratio of 43.6x. This compares to an average P/E of 15x in the Metals and Mining industry in Europe. Total return to shareholders over the past three years is a loss of 22%. Is New 90 Day High Low • Feb 24
New 90-day high: €1.00 The company is up 59% from its price of €0.63 on 26 November 2020. The French market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 49% over the same period. Announcement • Jan 20
ZCCM Investments Holdings Plc (ENXTPA:MLZAM) entered into an agreement to acquire remaining 90% stake in Mopani Copper Mines Plc for $1. ZCCM Investments Holdings Plc (ENXTPA:MLZAM) entered into an agreement to acquire remaining 90% stake in Mopani Copper Mines Plc for $1 on January 19, 2021. Under the terms, on completion a transaction debt of $1.5 billion will remain owed by Mopani to Glencore group creditors on the following terms. After completion of the sale, Glencore will retain offtake rights in respect of Mopani's copper production until the Transaction Debt has been repaid in full. Mopani has been funded by borrowings from Carlisa and other members of the Glencore group. The transaction is subject to regulatory approvals and approval by Board and shareholders of ZCCM Investments. The transaction is expected to close in next three months. Is New 90 Day High Low • Jan 19
New 90-day high: €0.91 The company is up 47% from its price of €0.62 on 21 October 2020. The French market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 50% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: €0.78 The company is up 39% from its price of €0.56 on 15 September 2020. The French market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 23% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: €0.47 The company is down 15% from its price of €0.55 on 04 August 2020. The French market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period. Announcement • Aug 27
ZCCM Investments Holdings Plc (ENXTPA:MLZAM) is seeking to acquire additional 41% stake in Mopani Copper Mines Plc from Glencore plc (LSE:GLEN). ZCCM Investments Holdings Plc (ENXTPA:MLZAM) is seeking to acquire additional 41% stake in Mopani Copper Mines Plc from Glencore plc (LSE:GLEN) on August 26, 2020. ZCCM currently holds 10% stake in Mopani Copper Mines Plc and now seeking a 51% shareholding “or even more. 
