Cambria Africa Share Discussion Threads

[barnetpeter] 14/6/2019 18:43

I sold out too after the results. Shame. Like the ceo ....but the mkt was not going to like the uncertainty. Broken below support and will drift down on small selling imo. Def one to watch but not hold in size imo

[tenapen] 14/6/2019 18:25

Paynet switches off banks
Posted on June 14, 2019 by The Independent in Business


Cont...

[tenapen] 12/6/2019 16:54

Weldone dave,



Re todays news :::GROAN:::


Regards.

[davidlloyd] 12/6/2019 15:34

Well done for covering/minimising any loss here - wondered who had been selling down recently, now I know! :-)
As you say, it is a shame indeed, as a genuine company that is unappreciated...

Good luck with wherever you have put the proceeds - I have been enjoying recent success at BIDS and DISH - top sliced already so safe and sound with the remaining that I have left running..and prepared to let run.
It is a difficult market at the moment, generally speaking, it would seem.

DL

[dave4545] 12/6/2019 15:23

DL/Ten

I was getting hammered everywhere else and then did a lot of google searches on Zimbabwe and nothing positive was coming back so I took the hit thinking I cannot take another bashing, for once my research was correct.

As you say it's a shame because the company is a good one.

Just shows you must always sell the spikes in this one.

[davidlloyd] 12/6/2019 15:20

Yowch! This was seen coming I suppose (certainly with hindsight)… I am glad that it has been dealt with so decisively and, relatively speaking, early on, but it is a real shame that it has had come to this position. I hope we see some form of resolution at the earliest opportunity, for all concerned ( not including the banks that is). Doesn't this include government staff payroll?

DL

[tenapen] 31/5/2019 20:54

A clip from FT website. I do not subscribe.


Zimbabwe strikes milestone IMF deal to boost new currency
Central bank pledges to stop printing money that has exacerbated a currency crisis

Cont:::

[tenapen] 31/5/2019 13:12

A great little company this !.

Just a shame Zimbabwe is struggling to find stability and a currency.

Regards.

[dave4545] 31/5/2019 06:36

Wonder how the mm's punters will play this one this morning

Excellent numbers but a profits warning for second half which is out of their hands giving the mess in Zimbabwe

[davidlloyd] 31/5/2019 06:23

In a very difficult financial environment CMB once again delivers outstanding results....shares priced at less than profits, let alone assets! (Whilst recognising the Z factor)..And a company with a genuine board looking after shareholders...very rare on AIM.
Great stuff.
DL

[tenapen] 25/5/2019 10:43

Morning Dave,
It will take many years for Zimbabwe to find stability and recover, IMO.
A long term hold with a few ups & downs along the way !.

Regards.

[dave4545] 25/5/2019 09:05

Reading some links on Zimbabwe seems things are not improving still

Any thoughts ?

[dave4545] 20/5/2019 19:53

But if that country is on the mend then imagine what CMB could do when it sits on a PER of 3 or less atm.

It could go from zero to hero.

I'm only holding a million atm. I saw only it's £10k's worth which is a decent amount.

Still expect results each morning, they are keeping us waiting.

[tenapen] 20/5/2019 19:36

Hi dave,
I always work on the saying, 'do not risk what you can not aford to loose'. As I hold c1.5m shares already and with them still sat in the red, for me, other than the odd £100 top-up i could not risk bigger money to buy more. I am still confident of the future and the appointment of the new board members looks like a company aiming high !. Getting into the brick market also looks a smart move. But this is Zimbabwe and there will be lots of hurdles to come !.

Best Wishes.

[dave4545] 20/5/2019 19:12

If it ever managed to break out and hold to 2p on good news it would be a sure thing gap up to 5p.

[dave4545] 20/5/2019 19:11

4 years of being stuck in same range with a lot of spikes on results days.

[dave4545] 20/5/2019 19:09

Sometimes I feel like having a real gamble and buying 3-5 million.

Very profitable and with Zimbabwe improving perhaps this is the time when Cmb can benefit long term and increase profits again and again.

Nobody is buying stocks at all now without news so results are needed to give it any possible kickstart

[tenapen] 19/5/2019 17:56

O/T Cambria Africa



The great investor (IMHO) Jim Rogers has been buying Zimbabwe stocks, no company names given. Circa 25mins in.

Regards.

[dave4545] 18/5/2019 14:03

Hopefully the start of a recovery soon tenapen.

Stocks everywhere soaring on losses or a tiny profit and this sits on per of 2-3...with clear links of improvement in Zimbabwe...of course currency swings can affect profits good or bad.

At least we should have a update next 2 weeks.

[tenapen] 17/5/2019 10:31

Thanks dave,

Regards.

[tenapen] 15/5/2019 06:49

Morning dave,
You have a following lol. Do they follow you around RED clicking your posts ?. Strange people !.

Regards.

[dave4545] 15/5/2019 06:25

14.28pm 15.31pm and 5.52pm last 3 times they issued interim results.

So the moment you decide it's a nice day and go offline for a few hours they will
drop them on you so i'd leave fancy sell orders all the way up as it tends to spike
on results.

[dave4545] 15/5/2019 06:23

Wondering where the results are but 3 interim results ago they issued them on 31st May where the last two were in April so they should be any time in next 2 weeks, would be nice if they could issue them at 7am but they can put them out at random times.

[dave4545] 08/5/2019 07:18

Certainly in this stock tenapen.

I've been trying to get you and David to sell the spikes for ages now.

Somebody wanted out first thing, obviously wanted to play something else moving and sacrificed their slow burning CMB stock.

If things are improving in Zim and this Cmb then because it's on a tiny PER multiple anyway you could easily see 2p again