Cambria Africa Share Discussion Threads

[tenapen] 04/9/2019 20:24

Requiring less bricks!

Or, the banks taking our cake and eating it!



Maybe added reasons for today's share price fall on little volume!.


I doubt they will suspend!, if they are not making or doing as much work, the company will have to lay employees off, sadly, and hope the court case gets looked at ASAP.

Bread and marge for me going forward,
Dh'o

[tenapen] 04/9/2019 14:36

:-/

Ho hum

[davidlloyd] 04/9/2019 12:39

This one has gone binary …. again :-(

Boom or bust. They pulled the rabbit out the hat last time, here is hoping it can be done again.....

GLAH

DL

[dave4545] 04/9/2019 11:01

Either it's getting suspended or the mm's are taking it down to a level to try and find support.

Looks like anybody trying to sell a small position is going to really hammer the price.

Such a shame it's a decent company

[tenapen] 22/8/2019 20:44

Nothing to laugh at in Zimbabwe !

[tenapen] 14/8/2019 11:38

Moved on. I remember him posting the news.

Yes Zimbabwe is in some mess, it could be a long time before they can climb their way oy of the sewer and back up to the gutter.

Regards

[letmepass] 13/8/2019 04:43

Zimbabwe Economy contracting and hyper inflation a possibility. Where is Dave

[davidlloyd] 06/8/2019 18:58

A contract is a contract. Now just depends if they 'collectively' take on CMB😐
However, Good to see update- even if it makes for a painful/difficult read. So much better run than many AIM companies.
Time will tell- let's hope positive.
GLA
DL

[tenapen] 19/7/2019 12:48

......the herold

18 JUL, 2019 - 00:07
Golden Sibanda Senior Business Reporter

LONDON-listed Paynet Zimbabwe’s parent firm Cambria Africa Plc, has accused banks of working in collusion and as a “cartel” to take a unified position of refusing to pay for service fees in US dollars when in fact they had different contracts and should have performed individually.

Cambria Africa chief executive officer (CEO) Samir Shasha, said yesterday that despite the banks having signed individual contracts, they decided to act collectively through their association to refuse to pay in US dollars, resulting in

Cont...

[livewireplus] 19/7/2019 06:30

Thanks for posting the link. Unfortunately it doesn't look there will be a mutually acceptable solution....

[tenapen] 04/7/2019 16:48

Great RNS.

History tells us CMB will take legal action against anyone who tries to take the company for a mug.

:-)

[camerongd53] 18/6/2019 19:11

Interesting move by the banks???

Market cap of CMB is now approx £4m.
Banks could have taken out the company for say £6m.
Saves all the hasssle of annoying customers etc.
Obviously Zim banks don't care about their customer relationships or wasting energy re-inventing the wheel

If that is their attitude I'm glad I don't live in Zim and have to use them

[dave4545] 18/6/2019 16:16

Interesting movements last 2 days

0.7p to 0.75p offer no trade, 0.6p to 0.65p bid no trade now 0.65p bid to 0.7p bid no trade.

I was quoted 0.7p bid price to buy , refreshed and they upped it to 0.75p

So still not holding

[barnetpeter] 14/6/2019 19:43

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 19:25

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


Cont...

[tenapen] 12/6/2019 17:54

Weldone dave,



Re todays news :::GROAN:::


Regards.

[davidlloyd] 12/6/2019 16:34

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 16:23

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 16:20

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 21:54

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 14:12

A great little company this !.

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

Regards.