(LONR) Lonrho
Summary
Lonrho invests and builds businesses in Africa. The Company operates in seventeen countries across the continent in five strategic business divisions; Agribusiness, Infrastructure, Transport, Hotels and Support Services. These important industries provide some of the building blocks and foundations required for successful economic growth in Africa.
African growth is being driven by the expanding mineral, oil and agriculture sectors combined with a significant internal economy being generated by a population that is approaching one billion people. Lonrho is focused on servicing these strategic growth sectors of the African market and recognises the fact that Africa is developing as one of the strongest global emerging markets. Lonrho has built a portfolio of strong, successful operational businesses that promote job creation, assist poverty reduction, and are an integral part of African economic development.
Visit the Lonrho websiteBuy UK shares for just £1.50. No hidden charges, admin or inactivity fees
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RNS Number : 0594X Lonrho PLC 08 February 2012
LONRHO PLC ("Lonrho" or "the Company") Total Voting Rights
For the purposes of the Disclosure and Transparency Rules of the Financial Services Authority, the Board of Lonrho is required to notify the market of the following: As at 31st January 2012, the Company's issued share capital consists of 1,568,113,244 ordinary shares with a nominal value of 1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rights is 1,568,113,244. The above figure of 1,568,113,244 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.
Enquiries
Lonrho Plc +44 (0) 20 7016 5105 David Lenigas Geoffrey White
Pelham Bell Pottinger +44 (0) 20 7861 3232 Gavin Davis Charles Goodwin Charlie Harrison This information is provided by RNS The company news service from the London Stock Exchange More |
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RNS Number : 5490W Lonrho PLC 01 February 2012
Press Release 01.02.12 Lonrho Hotels awarded ten year Management Agreement for the 450-room Grand Hotel Kinshasa in the Democratic Republic of Congo.
Lonrho Hotels, a wholly owned division of Lonrho Plc, is delighted to announce that it has entered into a ten year management agreement for the 450-room Grand Hotel Kinshasa, formerly the InterContinental Hotel, in the capital of Democratic Republic of the Congo. With panoramic views across the mighty Congo River the Grand Hotel Kinshasa is located in its own grounds at the heart of the diplomatic and commercial district of the Congolese capital. Lonrho Hotels has been mandated by the Government to upgrade the hotel to its former glory as one of the leading five star hotel and conference venues in Central Africa. According to international consultants McKinsey, Kinshasa is forecast to grow into Africa's largest city by 2025 and, following the recent elections, it is expected that the DRC will enter a period of strong economic growth. The Grand Hotel Kinshasa has 450 bedrooms, of which only 238 are currently operational. The management agreement includes a commitment from Government that the hotel will undergo a major refurbishment to re-open the closed 212 additional bedrooms, create extensive new lounge and lobby areas, two new restaurants, and a Grand Club Floor and Lounge. The refurbishment is scheduled to be complete over the next twenty-four months. The hotel also has a conference capacity for 2,000 delegates and provides outside catering services for major events and meetings. The hotel includes a casino, nightclub, shopping mall, swimming pool and recreational facilities that will be reinstated. Lonrho also operates the Grand Hotel welcome lounge and restaurant at Kinshasa airport and provides a seamless meet and greet service for guests ensuring they have a safe and rapid transit to the hotel. This Management Agreement has been signed following Lonrho's successful and highly acclaimed redevelopment to an international five star standard in 2010 of the Grand Karavia in Lubumbashi, the second city of the DRC and the centre of the country's mining industry. The Grand Karavia in Lubumbashi has since added three tourist lodges to its offering and for the first time the Ministry of Tourism recently exhibited at the World Travel Market in London, where the DRC received considerable interest from the international travel trade. Both business and leisure travellers will benefit from the convenience, reliability and personalised service provided by Lonrho Hotels, whether in Lubumbashi or Kinshasa, during their time in the DRC. All Lonrho Hotels deliver international standards, superb restaurants and high-speed internet access in a sympathetic friendly environment. Geoffrey White, Lonrho Plc's CEO stated: "The 450-room Grand Hotel Kinshasa is one of the finest hotel properties in Africa and we are delighted Lonrho Hotels has been chosen to manage the hotel and the refurbishment of the property. The Hotel is an important asset for the Government and its refurbishment of the hotel reflects the economic progress that is being seen in the Democratic Republic of the Congo." Ends
Enquiries:
Lonrho Plc +44 (0) 20 7016 5105 David Lenigas Geoffrey White
Pelham Bell Pottinger +44 (0) 20 7861 3232 Gavin Davis Charles Goodwin Charlie Harrison
This information is provided by RNS The company news service from the London Stock Exchange More |
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RNS Number : 4813V Lonrho PLC 12 January 2012
This information is provided by RNS The company news service from the London Stock Exchange More |
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RNS Number : 3099V Lonrho PLC 10 January 2012
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Briefly above $117 earlier today, the March Brent price is now sinking. Evening (UK) pricing since the "close" is presently down 10 pips after today's falls. Nonetheless, it's still above $116. That, for Fly540's budgeting, is NOT good news. It affects Lonrholand in other logistics areas too and should not be ignored by PIs.
Considering the energy of the many bullish 'experts' that have contributed to this BB over the years, it would be useful if one or more would contact Lonrho's BoD for their views about the affect of oil prices. Seemingly, some are quite happy to (mis)quote their 'contacts' when there's something good or obscure to post on the BB. Plain truth? Forget it. Read their posts. They use no names, rather, "I heard" or "I was told," etc. Brent? Isn't that in Devon? At the moment, the only evident truth is that the "bulls" who have posted "buy votes" on Lonrho over the last year have so much custard on their faces that their blushes are completely smothered. It was a year ago this week that the remunerated SpikeyDT first appeared here and posted "Strong Buy." Seedy Cryptonite joined in with ridicule and insults at 18p but despite their miserable efforts it fell to just over 8p. After a brief rise it was at just over 9p yesterday. (Cryptonite? Oh, please check his posting history, wildly off the mark since his "clever comments" at 40p+ in 2008). Cryptonite, of course, wears a red nose to bed. That's what clowns do. Once, when he woke up, it was much longer, like Pinocchio's. I do hope that never happens again. I'm happy to engage in debate - even with Cryptonite. The lack of informed debate on this BB leads to a worry that the bearish views espoused have been so poorly and amateurishly challenged that a quarter-Yorkshireman and a Lanky can agree AND be correct. Huh? Above 10p, there is questionable value in Lonrho's assets; "profits" are realisable rather than realised; targets remain achievable instead of achieved and the BOD is, unfortunately, still the BOD instead of being thanked for their enormous contribution and being wished well in their future endeavours. The chart below shows what the BoD and their acolytes have delivered for shareholders in the past 52 weeks. Prospective investors would do well to read 2011's messages. Lonrho is now into its seventh year without a dividend. Change is needed. Fly540 should be canned or sold. The BoD should be on the last flight out. kiBoD
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Apart from the two recent large airline bankruptcies, American Airlines has announced planned cuts of about 13,000 workers. The parent company, AMR, is still in Ch 11 bankruptcy protection and trying to cut costs.
The airline industry is still expected to grow, according to Boeing and Airbus but, as this article explains, airlines themselves are less likely to benefit: http://www.bbc.co.uk/news/business-15571107 Fly540, whose planes are older than some of the local competitors, and less fuel efficient than the planes mentioned in the article, wil be squeezed even more by the continued high fuel prices. A further strong rise in crude oil prices last week was extended today. This evening March Brent is already another 54 pips higher at $116.53 to buy. Lonrho ended at 9.90p on the bid. |
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Apologies...just saw that it had been discussed below...
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Did anyone else see the following announcement from Jan 31?
· Board of LonZim Plc advises that the Company has reached a stage where it can operate without further direct support from Lonrho Plc. · All five members of the Board nominated by Lonrho Plc have agreed to step down from the Board of LonZim Plc at the AGM, subject to all resolutions being passed (announcement is on the iii page for LonZim) I understand that Lonrho will retain its ownership stake (http://www.newzimbabwe.com/business-7084-LonZim%20renamed%20Cambria%20Africa/business.aspx). Can anyone confirm this? LonZim will also change its name to Cambria Africa. Thoughts and what does this mean? Good/bad for either firm? |
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They have not been approved or issued by Interactive Investor Trading Limited.
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