Thursday, May 10, 2012

Stock Review African explosives ltd (AELZ:Lusaka)



Who is African Explosives Limited?
AEL Zambia Plc engages in the production and supply of commercial explosives and initiating systems; and the provision of blasting services for mining, querying, and construction markets in central Africa. The company offers bulk emulsion explosives for surface and underground use, shock tube detonating systems, and electronic detonators. It primarily serves the mining and quarrying customers in the Republic of Zambia, Zimbabwe, Malawi, western Tanzania, and the Democratic Republic of Congo.

The company was founded in 1963 and is based in Mufulira, the Republic of Zambia. AEL Zambia Plc is a subsidiary of AECI Ltd.

Kitwe Mufulira Road
PO Box 40092
Mufulira,
Zambia
Phone: 260 996 990 945
Fax: 260 2 412 749
www.explosives.co.za
AELZ trades  at K3600 right now but used to trade at about K1000 in 2006.This is a clear increase in share price value of 360%.
The company has a strong management with an earnings per share of K141(2011).
It had a profit after tax of K 2885 MILLION(2011).
To confirm my derivations look at the pdf file below

February stock exchange summary

see how its share price has trended since 2006 and countercheck with its trading price today.

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