|Come clean, Murray & Roberts told|
|Friday, 17 August 2012 00:00|
Martin Kadzere Senior Business Reporter
Sources familiar with the developments said this week such “disclosures” would help the market to know “exactly” how much is the shareholders’ control of the firm.
SecZim chief executive Mr Tafadzwa Chinamo confirmed in an interview yesterday but could not give details. “Yes, it is something that we are working on . . . but right now I cannot say much,” he said.
“The company (M&R) will soon be making an announcement to that effect.”
A special bargain of 99,79 million shares went through the market on May 3 this year at US1,47c per share, significantly below the prevailing price.
Chief executive Mr Stewart Mangoma said in March this year the company was targeting revenue to grow by 60 percent to US$56 million in full year to June 2012 from a year earlier.
The group had an initial target of 100 percent growth, but had to cut the forecast made in September last year as confirmed contracts started late into 2012.
Mr Mangoma said the group could achieve 60 percent next year, with activity doubling again in construction. But this was entirely dependent on what would happen in the mining sector, given the indigenisation issue.