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CAM Camellia Plc

4,620.00
110.00 (2.44%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Camellia Plc LSE:CAM London Ordinary Share GB0001667087 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  110.00 2.44% 4,620.00 1,354 16:35:00
Bid Price Offer Price High Price Low Price Open Price
4,560.00 4,680.00 4,660.00 4,540.00 4,540.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 320.9M -13M -4.7067 -9.69 125.95M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:25:53 AT 49 4,560.00 GBX

Camellia (CAM) Latest News

Camellia (CAM) Discussions and Chat

Camellia (CAM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-26 13:25:534,560.00492,234.40AT
2024-04-26 12:43:124,540.009408.60AT
2024-04-26 12:43:104,540.00261,180.40AT
2024-04-26 12:38:414,660.00251,165.00AT
2024-04-26 12:18:024,660.00653,029.00AT

Camellia (CAM) Top Chat Posts

Top Posts
Posted at 06/1/2024 05:41 by russman
CAM always fail to enunciate.
Posted at 06/9/2023 20:28 by 1tx
I think the problem is the core agricultural product is tea,mainly in Bangladesh & India.It is very difficult to make a profit tea prices have not kept up with cost increases for years presently it is very difficult in Bangladesh with huge inflation for low paid workers.I don't think there are buyers for the plantations and even if they are I doubt if they are anywhere near book price and I think the company has a duty to its employees to ensure any buyer is reputable & has the ability to maintain at least present conditions.The company has been operating here for 150 years.It is rather more difficult than selling a farming estate in the Cotswolds

I had hoped that the company would sell off its surplus assets;Bermuda,Linton Park etc and deploy these assets profitably which would justify a higher than present price but I now have my doubts....
Posted at 04/9/2023 13:03 by crumppot
The share price has halved in the last 5 years and is nowhere near the NAV. They should increase the dividend to try and improve the share price
Posted at 22/8/2023 16:44 by 1tx
I see the Rightmove listing for Linton Park indicates mortgage repayments would be £188,209 per month on a 25 year term if you put down a 10% deposit based on £32m asking price........
Posted at 07/8/2023 15:05 by crumppot
Share price continues to fall. No good news on the horizon.
Posted at 08/6/2023 19:47 by 1tx
Thanks for the info crumpot I am not surprised longer term holders are unhappy.I trust any share buybacks will be in the form of a share tender as for example recently happened at Goodwin where I am a shareholder.Shareholders could tender a fixed proportion of their shares,if they wished,for purchase at a premium price & also apply to redeem further shares for any allocations not taken up which would be allocated pro rata to applications.

I feel normal buybacks in the market are useless for small private holders.
Posted at 08/6/2023 10:28 by 1tx
From todays gloomy trading update it is difficult to see what agricultural product anybody would want to invest £100m spare cash in!Over the years my most profitable agricultural related investments have been & continue to be the supply of requirements to farmers.That is to say companies like NWF & Wynnstay which I have held many years.

Looking at CAMs share price chart over recent years even after the recent modest rise,shorting it would have been probably more profitable although I doubt if it would be possible or likely that anyone would have bothered.

Although I have been aware of the company for years I only started investing in it recently when the shares fell below £50 as a potential asset play/value investment.
Posted at 06/6/2023 17:19 by cjohn
Hello Arthur and others,

Well, having sold BF & M, which has occasionally contributed handsomely to profitability, they are going to find it increasingly difficult to be profitable. A bunch of low margin agri companies is never going to be a huge profit generator.

Their understanding of risk is incorrect, to put it mildly. Yes, the results of certain sorts of insurance companies like BF and M are VOLATILE, but volatility isn't the same as RISK, particularly if you have a well-capitalised company like CAM that can survive across the insurance cycle.

Of course, tiredoldbroker, we all know that ANY significant asset sale at or above book value is (apparently) positive for shareholders, given the huge discount from TBV to market cap. I can't believe there is a single shareholder here who's bought the Company on the basis of its tight run profitable operations. We are all awaiting asset sales and BF & M's was well-signposted.

Likewise for opposite reasons, any asset purchase is a clear negative for CAM shareholders, unless at a huge discount to the acquired companies' asset value. This is compounded by the fact the management have demonstrated an outstanding inability at valuing potential acquisitions. The English apple company was a disaster waiting to happen.

That is why I say any asset sale is "apparently" positive for shareholders. It depends what they do with the 80m. It should be simply given back to shareholders as a return of capital.

Unfortunately, a significant part of it is likely to be wasted pursuing the high-risk, low return strategy of "diversifying" in the agricultural sector. This is not diversification; it's throwing good money after bad.

Forgive me being dyspeptic, given the decent price realised for BF & M. I'd be far happier if they'd flogged off some of the hopeless unprofitable agri companies.
Posted at 05/5/2023 10:25 by 1tx
Thanks EezzyMunny for giving details of Linton Park;When the estate round the house was sold in 2015 I had not realised CAM was the buyer;this as indicated makes the property far more valuable even if there is a shortage of dodgy Russian buyers at present!

The Bardsley Apple purchase was a total disaster.My understanding is that much of land used is leased this could lead to us paying rent for years in addition even if growing ceases.

I have a modest holding here bought fairly recently at sub £50;but even though the book asset value is vastly higher & the real cost for example of replicating the Tea Estates would be astronomical unless these core businesses actually make a return it is at moment difficult to justify a higher share price even if the value of potentially sellable surplus parts like land,property & investments comes close to present market value.
Posted at 10/6/2022 09:48 by eezymunny
"As announced in the AGM statement in June, the Board of Camellia is undertaking a series of measures aimed at re-balancing the Group's portfolio of investments in order to take better advantage of its strengths, and thereby to improve profitability and share price performance"

They clearly have their eye on the miserable share price performance. I´d launch a buy back at these levels while the share price in the (historic) doldrums.
Camellia share price data is direct from the London Stock Exchange

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