Cambria Africa Share Discussion Threads

[hatey] 19/10/2016 08:13

Naturally impossible to buy online on the dip, sellers only, now not the time to sell
it will spike back up soon

[hatey] 19/10/2016 08:05

Lets see how far down they take it before it bounces back. Shook out a lot of
the get rich quick chasers from before the close yesterday.

[cougar99] 19/10/2016 04:01

Dl - I'm assuming you weren't expecting it to fail otherwise you wouldn't have remained a holder. Good luck all that were holding prior to 3pm yesterday ( that includes me ) - and good luck to those that bought in after runs ( I presume it was on a few peoples watchlists ).

[davidlloyd] 18/10/2016 23:17

Given share price was at a level expecting this to fail, I do take today's news as exceptional. Market was clearly not expecting such news. Only one way for the share price to go IMO and that is onwards and upwards. Rarely do we get such an obvious "buy" case in my view. -pls DYOR etc.
DL
Ps I am a holder for my sins :-/

[cougar99] 18/10/2016 21:15

And one interesting (good) observation about today - all 130 trades happened after RNS came out - so seems no leakage of info beforehand - I'll take that as a very good sign ....

Todays RNS was good but not outstanding - but share price rise was outstanding - so if we get a subsequent outstanding RNS then perhaps a ballistic share price rise .... time will tell .... Anyway I'm off to await further developments whenever they may be ....

[paul the octopus] 18/10/2016 20:36

@zOctopuz on twitter, its all been there all day, check it out urself

[cougar99] 18/10/2016 19:23

tenapen ....thanks for starting the one and only CMB thread four years ago .... back to share price level of Nov 2013 after a while?

[tenapen] 18/10/2016 18:59

Rock 'n' Roll

Weldone to the long term holders.

[sigora] 18/10/2016 17:58

should keep on going in morning well done all

[hatey] 18/10/2016 16:29

whoosh still going, still holding half mental spike chasers lol

nice

[tevita] 18/10/2016 16:20

DUMPED MRS hatey

[tevita] 18/10/2016 16:19

PUMP and DUMP by hatey

some of his many names

hatey AKA

annonymous2
sharetips6
21trader
hatetrader
34simon
55investor
27howard
29howard
hatetrader1

trader-mick on LSE
hatetrader on twitter

[hatey] 18/10/2016 16:16

Yep spotted it early.

Risky for those now getting in, it could still do another 50% it could drop
right back.

Right now it's N/T to buy at 1.6p, so where do I take profits, probably too
early but I will not complain at the profit made

[cougar99] 18/10/2016 15:57

moving-up nicely, number 2 on Gainers board .... await the interest that usually comes from some of the more vociferous advfn posters .....

[cougar99] 18/10/2016 15:44

Well, October did indeed bring something .... On face of it looks good - will digest details further as only just come in after a day out .....

[colin12345678] 18/10/2016 15:35

Could this do several 100%?

Trading update

The Company is pleased to announce further improvement in operating results for the year ended 31 August 2016, a summary of which is presented below. The financial information presented below has been extracted from unaudited management accounts subject to change following completion of the Company's year-end audit. Final audited results are expected to be released in early 2017.

· Payserv achieved $5.4 million in revenues, an increase of 7.8% from $5.01 million in 2015. Payserv's consolidated EBITDA for the year increased by 44.7% to $1.78 million from $1.23 million in 2015 while profit before tax increased by 85.7% to $1.43 million from $770,000 in 2015. Excluding minority interests, EBITDA increased by 70.7% to $1.4 million from $820,000 in 2015, while profit before tax increased by 197% to $1.1 million (0.5 cents per share) from $370,000 (0.2 cents per share) in 2015.

· Millchem reported positive cash flow from operations following a significant improvement in inventory and trade receivables management. Millchem's EBITDA loss improved by 74% to a loss of $250,000 from an EBITDA loss of $950,000 in 2015, while its loss before tax improved by 72.5% to a loss of $280,000 (0.1 cents per share) from a loss of $1.02 million (0.5 cents per share) in 2015. The reduction in losses is also attributable to discontinuing of unprofitable operations in Malawi and Zambia. As a result of these closures, revenue decreased by 39.7% to $3.19 million from $5.29 million in 2015.

· Cambria's central costs excluding non-recurring legal costs, decreased by 85.5% to $290,000 from $2 million, underscoring the successful turnaround implemented under the Company's new management.

· Interest cost savings - as a result of the repayment of the Nurture and Consilium loans the Company will achieve an estimated annual interest cost saving of $435,000 in the ensuing financial year from lower debt levels [also see "Payserv Loan Facility"].

The overall improvement in results is further demonstrated by the settlement of approximately $1 million in debt using cash flow from operations. This, together with the continued financial support from Ventures Africa Limited ("VAL"), allowed the group to settle the Consilium and Nurture loans resulting in a significantly improved financial position.

Payserv loan facility

Further to the announcement dated 2 August 2016 relating to the settlement in full of the loan due to Cerulean (Mauritius) PPC (Nurture), Cambria is pleased to announce that Payserv Africa Ltd's ("Payserv Africa") wholly owned subsidiary, Paynet Zimbabwe Pvt Limited ("Paynet"), has successfully concluded a $1.2 million loan facility agreement with Central Africa Building Society ("CABS Loan").

The CABS Loan bears interest at 11% per annum, an annual renewal fee of

[davidlloyd] 18/10/2016 15:25

Oh Happy Days.....
Today is a 'good' day all round :-)
DL

[cougar99] 11/10/2016 01:57

Indeed, time will tell .... somethings do come good with patience - such as EUA yesterday - so I'll sit on this one and wait as well -

[tenapen] 10/10/2016 21:15

Cougar99
9 Sep '16 - 17:07 - 280 of 281 0 0
I think with this stock then all you can do presently is keep fingers crossed and wait for announcements. Hopefully all will become good .... eventually .....


----------------

Wise words, anything else is just noise.

Regards.

[cougar99] 04/10/2016 06:51

Quiet here isn't it .... just over one year since the temporary suspension was lifted ... Will this October bring anything? Answers on a postcard to Windhoek ....

[cougar99] 09/9/2016 17:07

I think with this stock then all you can do presently is keep fingers crossed and wait for announcements. Hopefully all will become good .... eventually .....

[davidlloyd] 09/9/2016 16:34

Anyone got their ear to the ground here?
Would be good to get an idea of how things are progressing (if at all)....
DL

[paul the octopus] 25/7/2016 10:51

they are very good at disputes, they won ~= $5m from Lornhomake sure not to miss what's coming nextthey got to move forward and upward

[tenapen] 19/7/2016 20:53

I missed this yesterday,




Cambria Africa PLC

18 July 2016

Cambria Africa Plc

("Cambria" or the "Company")

Update on Dispute

Company files Amended Defence and $1.84 Million in Counterclaims against Consilium

In its results announcement of 31 May 2016, the Company referred to claims asserted by Consilium Corporate Recovery Master Fund ("Consilium") relating to their legal costs incurred in their attempt to foreclose on the Consilium loan. Consilium's loan was repaid in full on the repayment date stipulated in the agreement.

The Company advises that it filed an Amended Defence and Counterclaim against Consilium in the Commercial Court on 13 July 2016. The Counterclaims total $1.84 million and are based on the substantive losses suffered by the Company as a result of Consilium's actions.

The Company will provide a further update regarding the dispute in due course, as appropriate.

[paul the octopus] 05/5/2016 09:28

Mr CEO put more than £3m so far, and that is not a bet, he knows he won't be loosing.Consilium off his shoulders now, so we can move on..."With a significant cash equity investment through VAL's subscription in April 2015, my interests as CEO are aligned with that of shareholders.  Shareholders of Cambria have suffered a tremendous loss of value in their investment in the Company. It is my aim to guide the Group back to profitability and restore shareholder value."The board of directors have considered the intrinsic value of Cambria's subsidiaries and is confident that it substantially exceeds the Group'sliabilities."Mr CEO does what he speaks out. he came to the rescue last year and saved it from delisting, and now paid of debt.Capish?