Market Cap = ZWL 5 bn = USD 31m using a rate of 160. In 2015, Day River got a 40% stake after a rights issue of $15m, thus valuing ZIMRE at USD37.5m The decline in value is not exclusive to Zimre but applies to the overall market, which has to get back up to that 2015 level. Based on that alone you could say it's undervalued in terms of long-term cyclical trends.
ZIMRE Holdings (zimr.zw) Review
ZIMRE Holdings (zimr.zw) Review
ZIMRE Holdings (zimr.zw) Review
Market Cap = ZWL 5 bn = USD 31m using a rate of 160. In 2015, Day River got a 40% stake after a rights issue of $15m, thus valuing ZIMRE at USD37.5m The decline in value is not exclusive to Zimre but applies to the overall market, which has to get back up to that 2015 level. Based on that alone you could say it's undervalued in terms of long-term cyclical trends.