Cambria Africa Share Discussion Threads

[the big fella] 27/1/2017 15:32

Are folks expecting significant legal costs for this year? They could easily cover 50%+ of the market cap in profits this year.

[the big fella] 27/1/2017 15:26

Just back from the pub. Is the market cap really just over 2 mil? As the highlights represent a stunning turnaround.

Results highlights:

-- Cambria's EBITDA from continuing operations increased by $2.16 million to $430,000 from a loss of $1.73 million in FY 2015.

-- Excluding legal costs, EBITDA from continuing operations increased by almost $3 million to $1.24 million from a loss of $1.73 million in FY 2015.

-- Cambria's cash flow from operations increased by $6.56 million to $3.63 million from a net cash outflow of $2.93 million in FY 2015.

-- Cambria slashed central costs by almost half to $1.1 million from $2.0 million in FY 2015 (down 45%).

-- Excluding legal costs of $820,000, central overheads decreased by 86% to $280,000 from $2 million in FY 2015.

[effiert] 27/1/2017 15:23

you shagged your dogs today?

[tradermick1] 27/1/2017 15:19

Always the same when the same 2 minute pump and dumpers are ramping this on twitter you get selling back down.

When they have finished I will be adding

[effiert] 27/1/2017 15:10

"Cambria's EBITDA from continuing operations increased by $2.16 million to $430,000 from a loss of $1.73 million in FY 2015"

[effiert] 27/1/2017 15:10

AMAZING RESULTS. Market sleeping.

Will fly past 2p monday

[tenapen] 23/1/2017 11:45

Hi David,
I was thinking the wee rise may be connected to the president now Ex-president of Gambia being prized out of office against his wishes. The peacefull transition of power, Bodes well for Africa ! and a reminder for Mrs Mugabe if she 'tried' to take control after his passing !. Thinking out loud.

Regards.

[davidlloyd] 23/1/2017 10:02

Tenapen,
I wonder if there is anything more behind the walk up of the Offer? Like you, no free funds to take up the subscription but in any case had convinced myself to sit on hands given the huge success (not) this has been already, :-)

Happy to hold though, and am just waiting to see what happens here...

DL

[tenapen] 20/1/2017 20:28

Edging up.

Money is tight so I will not be able to take up my allotted subscription. I am though able to have some wee top ups along the way.

Regards.

[tenapen] 22/12/2016 10:07

21 December 2016

Cambria Africa Plc

("Cambria" or the "Company")

Update on Dispute

Company to post security for costs in its $1.8 Million counterclaims against Consilium

The Company advised on 18 July 2016 that it has filed $1.84 million in Counterclaims against Consilium in the English High Court.

On 20 December 2016, the High Court ordered Cambria to post security for costs of GBP381,342.38 and ordered it to pay costs of GBP30,000 to Consilium. The security is to be paid into court by 6 January 2017 and will be held pending determination of Cambria's counterclaims.

The Company's board was disappointed with the ruling which was made notwithstanding an opinion by the company's auditors, Baker Tilly Isle of Man LLC, that "Cambria would be able to meet costs of GBP425,000 should they become payable." The board believes that it will comfortably meet the obligations of this ruling and go on to prevail in its counterclaim against Consilium.

[livewireplus] 28/11/2016 20:03

> 'seem to have shareholder interests in their sights.'

That is unusual nowadays. So we can look forward to the 'detailed announcement regarding the Open Offer implementation timeline and the publication of an Open Offer circular to be sent to shareholders, in due course'.

There is life in this old dog yet.

[tenapen] 28/11/2016 19:17

The Board are feeling confident ! and seem to have shareholder interests in their sights. i will be taking up my subscription and see where it takes us from here.

no advice intended.

Regards.

[davidlloyd] 28/11/2016 11:56

More positive news....
DL

[tenapen] 19/11/2016 17:23

When i thought Zimbabwe had hit rock bottom ! they look to have further to fall !.



Jason Burke Africa correspondent, Friday 18 November 2016 16.59 GMT

Authorities in Zimbabwe have arrested dozens of opposition activists before the launch of controversial “bond notes”, which the government hopes will inject desperately needed cash into the failing economy of the former British colony.

Many ordinary people fear the bond notes will trigger economic chaos, wiping out savings and livelihoods.

Cont...

[cougar99] 09/11/2016 00:17

Indeed .... bottom draw .... to be brought out in to the sunlight sometime in the future.... hopefully smelling sweet

Wonder where Kaur70 stuck his shares as his 3p short term target wasn't met :-)
19 Oct '16 - 11:14 - 304 of 310   
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[davidlloyd] 02/11/2016 22:39

That is pretty much all we can do here- it is a bottom drawer share for me and is long ago written off-so anything positive is a bonus. Am actually now confident this will eventually come good but that's not based on anything except gut instinct. Good luck to all holders.
DL

[cougar99] 01/11/2016 04:02

Well we are now back to share price level I was expecting it to fall back to. Hopefully it'll stay around this level until next positive announcements .... looking to the future ....

[cougar99] 23/10/2016 03:14

Indeed ... the long-term outlook for CMB depends on future developments in the Zimbabwean political situation. I still remember the Lancaster House Agreement being negotiated. It would be interesting to be able to see what present situation in Zimbabwe would be like now if in the end it had been Joshua Nkomo that had come out on top in the years afterwards. I'm optimistic on CMB's short term performance and the longer-term potential as things progress in Zim - otherwise I wouldn't be holding this share....

[tenapen] 22/10/2016 09:09

Morning, For me the trding update was great. True there is still a very long way to go on a long road but the board have let us know the state of play and imo it looks promising. A lot will depend on what happens when President Mugabe passes and if the West like and want to deal with the new government. If the West do remove the sanctions then CMB are idealy placed to take full advantage of the money that will enter Zimbabwe. IMHO

Regards.

[cougar99] 20/10/2016 09:17

Indeed .... but as I mentioned before then my opinion was that the RNS was good but not outstanding. Therefore if it stabilises and holds at around 0.9/1.0 pending further news then I will be :-) as that'll still give a 50% rise since RNS....

[hatey] 20/10/2016 08:59

321221 sells below bid for 1.05p, they paid 1.32p on Tuesday

Going to be a lot of this, people who refuse to hold selling for losses having
chased up price when up 100%

Going to be a nice buying opportunity here again soon

[kaur70] 19/10/2016 12:14

an exceptional RNS late yesterday
Might pick up more before the afternoon,
Expecting at least a 3p price short term

[kaur70] 19/10/2016 10:34

an exceptional RNS late yesterday
Might pick up more before the afternoon,
Expecting at least a 3p price short term

[hatey] 19/10/2016 10:25

Well spotted I did not notice it.

A market full of hot money, if you do not sell somebody else will jump in and
sell instead.

mm combined profits must be closed to £1 billion now, I know quite a few years ago
wins were making £50 mil a year but in this market I can see them making far more.

[fund1] 19/10/2016 10:20

Looks like someone bought 174666 over 2 buys at 1.5 and sold a few mins later flapping because it dropped a touch. Nice work for the mms