Cambria Africa Share Discussion Threads

[cougar99] 23/10/2016 02:14

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 08:09

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 08:17

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 07:59

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 11:14

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

[kaur70] 19/10/2016 09:34

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

[hatey] 19/10/2016 09:25

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 09:20

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

[hatey] 19/10/2016 07:13

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 07:05

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 03:01

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 22:17

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 20:15

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 19:36

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

[cougar99] 18/10/2016 18:23

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 17:59

Rock 'n' Roll Weldone to the long term holders.

[sigora] 18/10/2016 16:58

should keep on going in morning well done all

[hatey] 18/10/2016 15:29

whoosh still going, still holding half mental spike chasers lol nice

[tevita] 18/10/2016 15:20

DUMPED MRS hatey

[tevita] 18/10/2016 15:19

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 15:16

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 14:57

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 14:44

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 14:35

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 14:25

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