Cambria Africa Share Discussion Threads

[dave4545] 08/11/2018 14:13

You were deramping this the other week let me pass at sub 1p

[letmepass] 08/11/2018 14:08

3p coming and still undervalued

[letmepass] 08/11/2018 14:02

From. Big loss to big profit and 80% reduction in debt

[sigora] 08/11/2018 14:01

this is flying

[letmepass] 08/11/2018 13:50

Over 62‰ held in sticky hands.. Bring it on

[davidlloyd] 08/11/2018 13:48

Happy Days tenapen. Just caught the news....
The figures make for very exciting reading, still far too cheap by any normal measure (other than being discounted for the Zimbabwe factor)

well done all LTHs:-)

DL

[tez123] 08/11/2018 13:46

what about the Africans?

[dave4545] 08/11/2018 13:40

Let me pass pumping you should cash in and buy back cheaper. ..nailed on

[letmepass] 08/11/2018 13:36

The Americans will be all over this

[dave4545] 08/11/2018 13:25

tenapen

Thanks for that. Cannot believe it. I hate companies that issue bad news then shortly after issue great news and you sit and miss out.

But well done, make sure you cash some in on the spike, this always becomes fish and chip paper after 2 days

[letmepass] 08/11/2018 13:25

Few shares available. Had to buy NT to get some

[tenapen] 08/11/2018 13:23

Hi dave, the earlier RNS was a warning about a possible impact on future earnings from a change in government policy. Todays statement is for past earnings. Outwith that, this is a cracking company with a bod who have shareholder interest as a priority ! and whey still are not drawing a wage. What the future holds we don't know so it is a gamble but each year the results come in and each year they are better and better IMHO.

No advice intended, i have held these for more years than i care to remember.

Regards.

[aussieb3] 08/11/2018 13:19

hardly any info on website on how they make money . just shows them as an investment company in two companies.

[dave4545] 08/11/2018 13:15

Pleased for those long termers. I've missed out here. I sold after the warning but money makes money elsewhere so not beating myself up.

Spike herd are crazy eh

[babbler] 08/11/2018 13:13

Yes why,,?

[dave4545] 08/11/2018 13:06

wow I thought they warned a month ago but the chasers are mental paying 1.5p now
when 0.8p earlier

Am I missing something ?

[tenapen] 08/11/2018 12:54

Quote; The Company is also announcing that its CEO, Samir Shasha, will be available to hold informal meetings with interested shareholders and investors during his upcoming trip to London between 16 and 22 November 2018.



London is too far for me, but if anyone can make it and report back I would be gratefull.

Regards.

[tenapen] 08/11/2018 12:48

Perfect :-)

There are still lots of hurdles to jump ! but one day !.

Regards.

[tomboyb] 08/11/2018 12:39

Massive DEBT reduction however you look at it -

Consolidated debt was reduced by 80% to $619,000 from $3.40 million at the end of FY 2017 after the partial conversion and repayment of VAL and Zimbabwe-domiciled loans. Of the remaining debt, $205,000 (33%) is domiciled in Zimbabwe.

Actually looks much better than envisaged -

[tomboyb] 08/11/2018 12:30

Pretty good result -

$1.96mill profit AFTER tax -

[tomboyb] 08/11/2018 12:29

Highlights of FY 2018 Consolidated Results

-- Cambria achieved record Profit after Tax (PAT) of US $1.96 million for FY 2018, a turnaround of $2.31 million from a loss of $349,000 in FY 2017. This profit was achieved on the back of a 10% increase in revenues to $9.44 million from $8.60 million in FY 2017.

-- Earnings Per Share ("EPS") increased to 0.52 US cents, an increase of 0.64 cents from a loss of 0.12 cents per share in FY 2017. Excluding Once-Off Legal and Reorganisation Costs, EPS increased 88% to 0.68 cents from 0.36 cents in FY 2017.

-- Consolidated EBITDA increased 179% to $3.45 million from $1.24 million in FY 2017. Before Once-Off Costs, Cambria increased its EBITDA by 72% to $3.78 million from $2.20 million.

-- Cambria's Central Costs decreased a further 51% to $152,000 from $311,000 in FY 2017. The CEO continued to render services without compensations in FY 2018.

-- Consolidated debt was reduced by 80% to $619,000 from $3.40 million at the end of FY 2017 after the partial conversion and repayment of VAL and Zimbabwe-domiciled loans. Of the remaining debt, $205,000 (33%) is domiciled in Zimbabwe.

[letmepass] 11/10/2018 10:46

Fair enough DL. Good luck. Might add if things improve