Cambria Africa Share Discussion Threads

[tenapen] 02/2/2022 16:01

News24.com

Zimbabwe dollar's second death seen as only a matter of time
31 Jan
Ray Ndlovu
accreditation

Cont...

“Dollarization is the ultimate outcome of a failed economic policy,” said Gift Mugano, executive director at Africa Economic Development Strategies, a Harare-based consultancy. The Zimbabwe dollar “will be in the graveyard” by June, he predicted. Imara says it’ll be largely obsolete by the end of the year.

Chanakira was more optimistic: he said the currency could survive for another two years.

End

[tenapen] 29/12/2021 17:44

My 2 pennies worth (as my 1 mil shares will not be worth so much more ! ) on the management. Difficult to criticize when they are not taking wages for running the company. They did a great job at the start, taking Lonrho and Lonzim to court and winning. They haven't won every court case but at least they tried.
The investment in housing was a good investment, but buying shares in a bank that was later frozen was a terrible idea. Stock markets are gambling no matter the company !, they shouldn't have done it.
So what next ? There is a different President but the army are still running the country and I can only guess that opportunities are limited. Sit on the cash in the bank and wait it out is my preferred option.

It will work out how it works out, nothing we can do.

[tomboyb] 29/12/2021 14:12

It is 50k max -

Off the day now -

See ya!

[dave4545] 29/12/2021 14:06

From 1.5 mil at 0.23p to NT to buy 50k at 0.27p

[tomboyb] 29/12/2021 13:48

Someone took out 750k -

[dave4545] 29/12/2021 13:28

Weird

5 x 204k buys at 0.254p, mm moves up bid

Yet online with both HL and ii I can buy 1.5 million at 0.23p

Even this has me baffled ?

[tomboyb] 17/12/2021 11:41

Finals are in June next year -

This company has a habit of staying quiet -

From an investor perspective , management needs to change. All wood here -

[dave4545] 17/12/2021 11:37

0.23p was too tempting for me so doubled up with 2 x 750k at 0.23p

[dave4545] 17/12/2021 08:22

So it's awful terrible shocking but you want to buy in ?

I see the distressed seller is still trying to get out.

Shame I'd have bought them all off them

[tomboyb] 16/12/2021 14:55

Cash is about £1mill -

However all samir is doing is jealously protecting it -

The website has not changed in 5 years -

Whats the point? -

[dave4545] 16/12/2021 14:50

wow somebody is panic selling

hats off to the mm's

[dave4545] 16/12/2021 14:36

Just exactly what can he do

He's managed to run a business in covid times and make a small profit in a struggling country

I'd take that

[tomboyb] 16/12/2021 14:26

0.23 - 0.28p -

Samir has done SFA -

Which is why I take a punt at 0.20p or below -

[dave4545] 16/12/2021 13:39

Nobody left holding to sell that low, you have decent holders but we are not sellers so probably impossible to get that low unless the mm's shake or news is not good

[tomboyb] 16/12/2021 13:04

need to drop offer to 0.20p and Ill be interested -

Company needs a change here -

[dave4545] 16/12/2021 10:29

It's amazing how many times the mm's drop the bid in this one on no trade.

Not that keen to drop the offer

Total con

[dave4545] 24/11/2021 14:59

Drop the offer too then mm's

I'll buy more

[tomboyb] 01/11/2021 14:20

Cmb has £1mill cash outside zimbabwe -

When he decides to use it then this will probably double -

[dave4545] 01/11/2021 14:14

He's a good guy, had a few email chats with him.

Even though he has control I still think he's out there for shareholders.

Def think one day a big return will happen here but in this bear market it's a miracle to see buying in anything let alone quiet ones like this

[tomboyb] 01/11/2021 14:10

Any crypto launch and this will be 2p -

Main guys owns 70% of the equity hence the illiquidity -

He seems to like cash ! -