Cambria Africa Share Discussion Threads

[tomboyb] 01/6/2020 12:35

With the cash and investments they have there could be further announcements on what they have invested in -

NAV has been kept at 1.1p -

Correct to get MILLCHEM on the covid 19 bandwagon -

All in all looks like new ventures ahead -

[davidlloyd] 01/6/2020 12:18

Tenapen- same to you. Trust you are keeping well/ safe.
Tomboyb, Indeed.
Dave- that you buying back in?😉
DL

[tomboyb] 01/6/2020 12:14

So firstly -

1. In excess on $2mill in cash. CMB has cash

2. Covid 19 hand sanitizer and disinfection business with Millchem.

3, Paynet could announce nee tech contracts

4. Autopay and Tradenet.

[tomboyb] 01/6/2020 12:10

New venture -

Millchem: In response to COVID-19, Millchem has successfully commenced production of hand sanitizers in a joint venture with Merken (Pvt) Ltd . Merken will package and market the sanitizers through its retail distribution network. Millchem aims to become a meaningful producer of disinfection products and to participate in tenders for their production and distribution in Zimbabwe and the region, while continuing to supply value-added chemicals to industry.

PAYNET: Despite these setbacks, Paynet has developed a number of exciting technologies and solutions which we believe can find additional markets in Zimbabwe and regionally. Recent changes to payment regulations in Zimbabwe may provide additional opportunities for Paynet's suite of FinTech software.



AutoPay continues to provide full-service payroll processing for the largest companies in Zimbabwe. Our charges are expressed as a percentage of clients' payroll, to reduce the impact of inflation and currency devaluation on our revenue stream. AutoPay is now Paynet Zimbabwe's largest revenue contributor.



Tradanet, the 51% owned subsidiary of Paynet, continues to provide consumer loan processing services to CABS - Zimbabwe's largest building society owned by Old Mutual. Whilst our revenues and earnings are negligible, any turnaround in consumer buying power, in particular an increase in government salaries, will have a direct positive impact on our earnings.

[tomboyb] 01/6/2020 12:04

NAV is around 1.1p -

Outlook:



The circumstances in Zimbabwe remain fluid. The onset of the COVID-19 pandemic which has stalled the global economy, has exacerbated the challenges our subsidiaries face. As new policies are introduced with increasing frequency, the Company has to continually adjust its outlook and strategy. Our chemicals business, Millchem responded positively, producing hand sanitizers and is actively looking to expand its disinfection business. This should have a positive impact on Millchem's profitability in the second half of FY 2020, but we remain mindful of the competition in this segment.



We continue to develop financial technologies which are designed to ease payments. However, until there is a realistic market translation of ZWL income into repatriated US dollars earnings, the resultant earnings from financial services will remain exposed to currency devaluation.



Any excess cash from our local operations will be considered for investment in select blue-chip marketable securities, the prices of which have been significantly discounted following recent market turmoil, whilst offering an attractive liquidity profile.



The utilisation of our internal cash resources is limited to keeping our operations, which are all locally profitable, afloat and prepared for a turnaround. Allocation of our external cash resources depends on realistic prospects to pursue profitable opportunities and remit those returns. As with any dislocation, opportunities may present themselves and so will concomitant risks.



Cambria has cash and perhaps the best asset in these times is cash. We are actively looking for opportunities to deploy our cash in the context of dislocations and ethical investments. I personally believe we will be able to identify these opportunities and seize them quicker than others due to our cash position.

[tenapen] 01/6/2020 11:18

Hi David, we always a have hope :-)

Best Wishes.

[davidlloyd] 01/6/2020 10:14

Well- still alive and kicking which is good news. Am thankful for small mercies :-)
DL

[tenapen] 31/5/2020 06:34

Well done with your profits :-)


Fingers crossed.

[dave4545] 30/5/2020 20:06

When I sold my stock for a big loss about 8-10 weeks ago I was struggling badly everything was crashing with C-19 fears. Last week having quadrupled my portfolio investing and trading wisely C19 and recovery stocks I was thinking I wish I still held them. Maybe not so after those results but I might well nibble a couple of million if they tank on Monday. I'd expect after that sale at 0.18p they will open lower, if not anybody holding should try and get the 0.25p for a sale and buyback cheaper, looks nailed on to me.

[tenapen] 30/5/2020 13:00

:-0

Hi dave,
I've just glanced them and it difficult to figure what the full story in Zimbabwe is. I had read that RBZ had gone after Ecocash whome CMB had joined forces with. This get a mention in the results. I read today that RBZ have closed down a bank. Zimbabwe has a currency problem and are they doing the correct thing or playing rough shot over the competition ?.

Well done to the seller ! When a Milkem profit is the highlight ! It goes to show how disappointing the results are. I didn't get as far as the forward looking statements.

:::Fingers crossed:::

[dave4545] 30/5/2020 12:37

I've just noticed somebody sold just over 300k for 0.18p just before the close.

Why would you do that when it was 0.25-0.28p, at worst sell them for around 0.22p

[tenapen] 29/5/2020 17:06

Hi Dave,

It's never easy :-/.

Have a good weekend everyone.

[dave4545] 29/5/2020 17:03

I thought the same.

Obviously they are not amazing as expected. Could be worse though

Lets see what others think

[tenapen] 29/5/2020 16:08

Results released at 16.20 on a Friday afternoon :-(

I think I can guess how bad they will be :-(

Regards.

[tenapen] 28/5/2020 18:56

Hi David,
As you say, "keeping going" and maybe a more positive forward looking statement would be the cherry on the cake :-).

I see there was a good sized buy today. Good luck to them.

Regards.

[davidlloyd] 27/5/2020 08:19

Woohoo- someone bought some......
I think we are due an update here- I for one am not expecting anything particularly positive, just some reassurance we are managing to keep going in these difficult times.
DL

[tomboyb] 15/5/2020 11:43

I don't think it will make much of a difference tbh tenapen -

CMB will need to diversify a bit -

They have the knowledge and i think they will need new projects -

cash alone as someone indicated outside zimbabwe will cover most of the current market cap -

[tenapen] 15/5/2020 11:22

I am not sure if this currency decision has a effect on Cambria !. An interesting development all the same.

[tenapen] 15/5/2020 11:21

I am not sure if this currency decision has a effect on Cambria !. An interesting development all the same.

[tomboyb] 11/5/2020 14:03

Gone blue today -

Small overhang needs clearing first -

Jim Rogers is an investor in Zimbabwe and it was quite interesting i.e his comments. His philosophy is simple : but low sell high.

Patience will reap rewards -

And he clearly has the money for it -

[tomboyb] 07/5/2020 08:34

I do follow jimmy rogers and others -

They like precious metals gold and silver etc -

Jimmy seems to like silver at the moment -

[tenapen] 07/5/2020 07:37

O/T Cambria.


Morning,
Jim Rogers is my fav / only investor guru i look out for as i like his buy and hold philosophy. I have heard him talk about Zimbawe before and how the country fits his 'buying into a gutter / unloved country' when you see a change [of leadership]. Jim was being interviewed yesterday and again he mentioned Zimbabwe and his hope for change now Mr Mugabe has passed. The whole interview was very good with the Zim part at circa 17 mins.

Regards.

[tomboyb] 06/5/2020 13:40

Hi Tenapen -

Yeah, i think i was interested to see what management are looking to do -

Clearly they want to get the company back on track -

It does help that the last NAV was 1.05p so there is asset backing here -

[tenapen] 06/5/2020 13:36

Hi David, you say it so much better than I. :-)

Hi tomboys, cmb is a wee Jem imho, great management who are here to build something rather than just bleed the company with high wages / raise new money and rinse and repeat. The usual Aim mentality !. It's been a huge letdown since Mugabe lost control and the crocodile 'took' power. For me Africa is the future growth area and a lot of the 'hot money' that has been flooding into the American markets, these past ten years, will now be looking for a new home !. Let's hope Zimbabwe can sort it's currency and make a pitch for foreign investors.

Your posts have brought us some interest today tomboys :-).

[tomboyb] 06/5/2020 12:55

CMB is up 6% on less than £5k worth of buys -

Clearly still on mend from the market blood bath -

What is interesting is that management are looking to work to get this back at per FY results -

A lot of info there but big discrepancy in share price -