The Inter-Horizon Group (IH Group) is a company incorporated in Zimbabwe. IH Group is a proudly Zimbabwean home grown financial services boutique firm that offers brokerage (IH Securities) and advisory services (IH Advisory) to local and international clients. IH Group′s service offering is focussed on one principal market, Zimbabwe. IH Group was founded by Dzika Danha and Salim Eceolaza, with a vision to offer world class financial services to local and international investors wanting to invest in Zimbabwe. IH Group is an independent company that is majority owned by its employees.
BUSINESS ACCOUNT
Sign up for a business account to:
-
Access reports individually or via Subscription
-
Receive monthly invoices with payment via CSA or hard dollars
Get access to other exclusive features
-
Analyst access
-
Free Trial Subscriptions
-
Team account with shared subscriptions
-
Advanced analytics to track research consumption and performance
IH Securities
- IH Securities
BAT Earnings Update HY18
Strong brand equity pushes volumes growth BAT’s performance in 1H18 sustained momentum from the second half of FY17, demonstrating resilience of the business and aptness of its strategy. Volumes surged 21% to 580mn cigarette sticks from 470mn in 1H17, a demonstration of organic growth as prices of sticks remained unchanged despite inflation of 2.81% in the prices of goods and services which was exacerbated by a persisting scarcity of foreign currency. Growth was driven in all segments as the pr...
IH Securities
- IH Securities
IH Zimbabwe Equity Strategy, 2018
The economy recovered strongly from 2016 levels (0.6% growth) to record 3.7% growth in 2017 outperforming the government’s initial forecasts of 1.7%. This growth was underpinned by the government’s intervention in the 2016/17 farming season through the Command Agriculture Programme. This resulted in a growth rate of 14.5% in the sector, albeit coming off a very low base (a 3.7% contraction). The mining sector, which was aided by improved metal prices in 2017 recorded an 8.5% growth, up from ...
IH Securities
- IH Securities
Bindura 1H18 Earnings Update
Nickel prices on the rise Bindura reported a satisfactory set of results for the year ended 30 September 2017 where revenue growth contributed to a significant improvement in the bottom line. Tonnes milled for the period were 16.4% lower h/h at 171.6k tonnes vs. 205.3k tonnes in 1H17.
IH Securities
- IH Securities
Seedco 1H17 Earnings Update
​Write offs impact gross margin: Seedco’s results for the six months ended 30 September 2016 showed a further improvement in revenue on the back of early maize seed sales and improved vegetable sales as the partnership with Limagrain continues to pay off, albeit this being the Company’s weaker half. Revenue was up 32.0% to $24.81mn from $18.79mn in 1H16 driven by a 26% increase in maize volumes despite winter cereals falling 25%. Gross margins were down from 44.1% in 1H16 to 39.6% in 1H17 on t...