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About Us
ICM Equities is a diversified Investment Company with interests in Financial Services, Consumer Goods, Agriculture, Energy, etc. It invests in businesses that have the potential to deliver superior earnings, cashflow generation and dividend growth over the long-term.
This involves the acquisition of meaningful interests in companies. Sound management is an important investment criterion. With a portfolio that is focused on a few high-quality assets across economic sectors, undiluted exposure to high yielding investments with enormous growth optionalities is guaranteed. ICM Equities focuses on the Zambian market but international opportunities will be considered with reputable partners.
The purpose is to grow ICM Equities' intrinsic net asset value by investing in a good balance of young growth companies and more established cash-generating companies to ensure superior returns to shareholders by way of sustainable dividend and capital growth.
ICM Equities’ Investment Strategy
· Emphasis on investments that will make a significant contribution to ICM Equities’ earnings
· Both listed and unlisted investments
· Passive minority interests in listed investees & considerable active minority interests in unlisted investees
· Investments in entities where ICM Equities can identify sustainable value over the long term
· Will consider investments in other countries on an opportunistic basis
Primary sector focus:
- Financial Services
- Agriculture - Consumer products
- Energy
- Real Estate (Commercial)
We are a long-term investor with no fixed investment horizon. We believe the obsession with instant gratification and results blinds investors from realising an investment's long-term potential. By investing long-term capital, we will stimulate long-term thinking and decision making, ultimately leading to sustainable growth.
Capital Allocation – The most important function
Capital is expensive and not infinite. As we deal with an uncertain future, exacerbated by the Covid-19 pandemic, and inevitably base capital allocation models on certain assumptions about the future, we need a margin of safety in our investment decisions. We need to be disciplined in our allocation of capital and, if we are wrong, we should act quickly and decisively. The value and performance of the underlying investments, rather than the activities at holding company level, will determine to a large extent the value created for an investment holding company’s shareholders.
