Cambria Africa Share Discussion Threads

[tenapen] 24/11/2024 04:45

Morning Camerongd53,
Just a waiting game unless Dave / David or anyone else has read the details better than me. I was hoping to get the first payment before the years end, still time.

Good luck.

[camerongd53] 23/11/2024 21:20

Anybody know when we can expect dividends etc from cCambria.

I thought an offer to buy the shares would be more pragmatic.
It would get rid of all tthe small shareholders and reduce costs etc.
I would accept afull value for the shares and saay cheerio from when I bought them as LOnrho AFrica

[tenapen] 20/11/2024 06:47

Alliance News) - Old Mutual Ltd said on Tuesday that sales momentum continued into the third quarter of 2024 and indicated that it is "well positioned" to deal with influx of claims related to the two-pot retirement regime.

Cont...

[tenapen] 10/11/2024 14:46

Stable and in demand - Zimbabwe ZIG

[dave4545] 06/11/2024 07:27

Looking at other delisted stocks on the platform it seems highly unlikely you would first be able to sell and secondly get a good price so it's better just to wait for hopefully the full pay day from the company.

For example REDX has been there 2 months with a large valuation and not one trade has been done yet

[mibo1] 06/11/2024 06:50

hxxps://jpjenkins.com/company/cambria-africa-plc/

[dave4545] 11/10/2024 16:09

Farewell CMB

At least on it's very last day it did over 100%+

[tenapen] 11/10/2024 13:24

Thanks dave,
I have £10k invested and at 0.77p I would lose £670 from that. Having held for 15/20 yrs. Lonzim / Cambria could prove to be one of my most stable gamble's, hahaha. I would never have sold of my own accord, so I'm happy Samir called an end.

Good weekend everyone.

[dave4545] 11/10/2024 12:58

20 million so far.

I did reduce some, I know it's low but I have a huge holding and think I can do something with the cash but have plenty left.

But still the price was double the suspension price so I'm happy.

Still looks like it might go even higher today

[tenapen] 11/10/2024 12:45

Hi Dave and David,
Samir seems to be a man of his word ! Unlike many CEO's on AIM.

dave, out of interest how is the volume today ? I don't have money to add but happy to hold for the final outcome.

Regards.

[davidlloyd] 11/10/2024 09:26

If you can hold out for monies being returned it still seems worth buying under .5p for a 50% plus return, no? I guess getting hands on volume is unlikely as well as unknown timeframe that’s stopping this..🙄

[dave4545] 11/10/2024 09:08

Tenapen/david/md

Currently it's 0.333-0.5p and NT to buy amazing

I really believe Samir has a buy order at this level, they took 2 lots of 1.5 mil and a 1.7 mil and did not flinch.

If it goes to a reasonable price for me I might reduce a few but atm it looks good but the spread is attrocious

[dave4545] 10/10/2024 16:18

Tbh I should have went to that meeting, totally forgot about it which is careless considering my holding

[dave4545] 10/10/2024 16:16

Well tomorrow could be interesting although pointless.

I cannot see the mm's bidding a fair price for the potential returns.

They would have to bid well over 0.5p to tempt me to sell when there's 0.77p on the table.

[tenapen] 28/9/2024 15:47

Hi dave,
From the original RNS - 27 August

Quote; The resolution to approve the Cancellation requires the approval of 75% of votes cast in person or by proxy at a general meeting. Samir Shasha, the ultimate beneficial owner of 69.2% of Cambria's issued share capital has recused himself from voting in favor of the Cancellation. The Board expects to publish its Results on or around 30 September 2024 to enable shareholders an opportunity to trade their shares on AIM prior to Cancellation.


A done deal and a good conclusion.

Regards.

[dave4545] 28/9/2024 14:19

I'm still confused over it.

Can we make a difference or not ?

[tenapen] 28/9/2024 13:58

Quote; Please note that this will be mandatory and does not require you to take any action.



Next time I will read the received letter, before posting here.

Thanks.

[dave4545] 28/9/2024 13:29

Samir Shasha, the CEO and ultimate beneficial owner of 69.2 percent of Cambria's issued share capital has recused himself from voting in favour of the Cancellation. As a result, the Directors, other than Samir Shasha, intend to vote in favour of the Cancellation in respect of their own beneficial shareholdings. In respect of the amendment to the Articles of Association, all the Directors, including Samir Shasha, intend to vote in favour, as they intend to do in respect of their beneficial holding

[manual dexterity] 28/9/2024 13:19

It does not matter whether you vote or not. The process of cancellation is guaranteed to go through as Sami holds most of the shares anyway. Lets see what cash comes by.

[tenapen] 28/9/2024 13:02

Hi dave,
My paperwork arrived this morning.

I wasn't going to vote ... on the belief that Sami would vote in favor and he holds the majority of shares .
If you think I would be better for me to send in my vote ... I'm open to that also ..... If that makes sense.

Good weekend :-)

[dave4545] 28/9/2024 08:24

david/tenapen

Have you voted yet, I'm going to read over the weekend and then cast my votes.

[davidlloyd] 23/9/2024 15:15

Guess little chance of picking up more as relisting now seems unlikely...but if it does happen 11th October might be interesting if MMs allow.....

DL

[dave4545] 19/9/2024 13:19

£4.375 mil outside Zimbabwe on that RNS current market cap £1.23 mil.

So even worse case is 3 times current suspension price


Outside Zimbabwe, as of the date of this announcement, the Company holds



1. Cash and cash equivalents of US$ 3.3 million.

2. Property assets of US$ 2.5 million