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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Central African | LSE:CFM | London | Ordinary Share | GB0031253643 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 20.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 20.00 | GBX |
Central African Mining (CFM) Share Charts1 Year Central African Mining Chart |
|
1 Month Central African Mining Chart |
Intraday Central African Mining Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/2/2020 | 06:31 | Central African Mining and Exploration Company Estimate Price After The Ruling | 70 |
| 03/2/2010 | 07:39 | < - Central African Mining and Exploration Company - > | 9,319 |
| 20/12/2008 | 12:01 | Only worth a third of a penny on fundamentals..... | 6 |
| 07/10/2008 | 16:26 | todays independant/rumoured 30p bid | 12 |
| 04/9/2008 | 15:31 | Central African Mining and Exploration Company - 2006 | 9,393 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 09/10/2009 11:48 by raginghippo why would we accept the offer when the share price is at the same level...I was quite happy with the progress and would not want to sell out at this price... |
Posted at 23/9/2009 12:02 by thebull3 Davius, did you take a look at BAL? rumour has it edmunds and groves will change BAL to a mining company soon and start again after selling CFM to ENRC, seems very coincidental that BAL share price is starting to move north at a time when the Camec takeover looks complete. Good time to get in before a deal gets done, mm's short of stock though so hard to buy any real quantity at the moment. |
Posted at 17/9/2009 11:44 by utterly pointless From Markets Live AlphavilleMJAnother "interesting" story we have followed here also came around yesterday BEYou mean Camec? MJI do. BEAlthough the price caught people off guard. MJIt was a full 10 pence lower than rumoured BEYup BECan you give us a Camec price Miles? MJDown 0.25p at 18.5p MJAs Cityunslicker notes, this one was, how should it be put, was already widely priced in BEAmbrian stuck out a note on this last night, which explains in slightly euphemistic terms why retail shareholders are unlikely to chisel out any more cash. BEAfter increasing press speculation this certainly doesn't come out of the blue; however, we had previously expected a higher premium. The bid price of 20p compares with our SOTP DCF valuation of 28p de-risked (ie, with growth projects funded) or 21p risked (higher discount on unfunded growth projects). Thus, we see fair value closer to 25p in the short term, but this does have to be compared with the valuation that the market would give to CAMEC in the absence of any bid. BEWe always considered a position in CAMEC to have downside protection with upside optionality, so are disappointed with the former coming to bear rather than the latter, and also not to see a higher premium. Certainly, if the stock trades materially below 20p we see value as we think that a bid is more likely than not given the quality of the assets. Two key factors could trigger improved returns: (1) CAMEC shareholders holding out for a higher bid; or (2) a counter bid, notably from Chinese parties which, in our view, would see the cobalt off-take as a key strategic holding. However, we would expect any Chinese bid to be for only 29.9% of the company (or alternatively offer to fund an equity raise to take them to 29.9%), as the Chinese typically prefer off-take in exchange for an equity stake rather than outright control of mining companies. BEGiven that a counter-bid would leave existing CAMEC management in place, and wouldn't necessarily leave the company with new cash to develop projects, there is an argument that a 100% cash bid would be preferable to some shareholders. Also, 20p does offer a premium to CAMEC's share price since the beginning of the year (although obviously at a discount to last year's share price). BEAs such, given that: any counter-bid is completely speculative at this stage; institutional shareholders are in a minority (ie, it will be difficult to force a higher bid); and a 20p cash bid crystallises value for all shareholders, we update our Buy recommendation and 28p target price to a HOLD recommendation with a 20p target until ENRC clarifies its position. |
Posted at 17/9/2009 09:58 by geng Look you are all missing the point !If the Chinese do a deal with Dan Gertler for even 29.9% of his holding the deal is OFF! The result would be a much higher share price. Anyone wanting to buy CFM must have Dan Gertler on board. His 35% holding can put a stop to any deal - SAVY ?? |
Posted at 17/9/2009 00:13 by timbuck2 i think the bottom minimum is 20p guys its there in black n white , green and perhaps also blue.....all this talk of 16p tomorrow is laughable this will be 19-19.75 and staggering there for a while until monday. why would mm's tank this to 16p when its clear they would then be sold back for 20p????? on the other hand remember cfm announced they had bid approach when share price was 11/12p so back then enrc n cfm may have agreed 20p as cfm board would have thought thats almost double current price (11p) of the 20p offer.....whether a counter bid comes or not we shall wait to see but just speculation of counter is sometimes enough to send the share price spiking higher.....just my thoughts not ramping or deramping before any smart ones acuse me of doing so |
Posted at 16/9/2009 19:18 by blackwel we dont as minor shareholders have much of a say in what happens, once they have accumulated the required majority then we will either end up with a cash offer for our shares or more likely a rollover of our holdings into the new company equivilant to whatever the buy out price is at that time.for my money once we know what the eventual (if any) take out price is going to be i would expect the share price to be trading slightly below this (as it is now) to allow for a margin of risk and at this time i will be bailing out as i cant be bothered with months of due dilligance until the deal is finalised for the sake of a couple of pennys a share when their are so many other oppertunitys out their just now |
Posted at 16/9/2009 18:16 by davius Worth also remembering that in August last year they issued this RNS, with the share price just under 27p. So can they justify advising shareholders to accept 20p now? I suppose it's a bit academic in any case, as the Gertler stake is so significant the ball is in his court.CAMEC, the African focussed emerging diversified producer, today announces that it intends to convene a General Meeting to seek shareholder approval to purchase its own shares and thereafter to commence a share repurchase programme. A circular setting out further details of the proposed repurchase programme, including a notice convening the General Meeting, will be dispatched to shareholders shortly. Andrew Groves, CAMEC's Chief Executive Officer, said: "We believe that CAMEC's shares are currently significantly undervalued. We intend to enter the market to repurchase shares and will continue to do so until we believe that the shares are more appropriately valued." |
Posted at 10/9/2009 19:28 by strangeglow 2.9 billion shares is about right and irrelevant to the present scenatrio.listen it matters not one iota how many shares are in issue,its about market cap,and that is what a prospective buyer is interested in. that,and revenues going forward. it's impossible to ascertain a pe as the last year has seen much activity mothballed. the trading action and third party involvement looks like there will be news soon,and an offer price to go on. I would expect that offer to be anywhere between 20p and 30p,but if its more then that is a hefty premium to pay in my view,but then we dont know who wants it,or what they see as being reasonable. I've seen some stupid valuations come out during takeovers in the past,and ofeten the acquirer regrets it later,but its abbout getting hold of the assets. camec has some good assets and potential assets.the big danger is no bidder coming forth,as its hard to see them realising the potential without further fundraising on their own. now that would dent the share price somewhat. |
Posted at 09/9/2009 11:29 by thebull3 davius, to be honest, i would like to see Vale or ENRC take a 30% stake rather than takeover completely, look what happened to Kalahari Minerals when Rio took a stake, if this happens to CFM, we could easily see the share price rise back to 40-50p, wouldnt you agree? It would certainly put them in a better position going forward. |
Posted at 07/9/2009 19:19 by davius Funnily enough have done well out of the three stocks mentioned there. Was in IFL from 60p but averaged down into the 20s, though have to admit to selling out recently at 62p. Bought into JRVS in the 20s and watched it crash whilst waiting for the recovery. Bought more on the way down before finally taking a risk and doubling up just under 4p to take my average to 12p. I think it has good long term potential. And TAN has been my single most successful stock, though have to admit my current holding bought at a higher average price than we are at now. A great long term opportunity there though.As for a short term punt, quite risky, but ACE is worth a look. It's one of the few stocks hammered in the recession yet to make much of a share price recovery. TAN 3p to 11p (pre consolidation), CFM 2p to 18p, JRVS 4p to 13p, and so on. ACE, 10p to 15p so more left in the tank I think. As to why it may be worth a punt, it's all about cashflow, and a converstion I had with the boss indicated that he hoped to be able to reveal they had reached or passed cashflow breakeven by the AGM, which is later this month. We all get it wrong from time to time, but I'm quietly confident. Prelims due here in 3 weeks. I wonder if we'll get confirmation of a bid before hand... |
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