Cambria Africa Share Discussion Threads

[dave4545] 04/11/2022 09:14

But only for 250k not worth it

[dave4545] 04/11/2022 09:12

Cracking price to buy atm 0.355p

But no investors left in this game now just traders.

[dave4545] 04/11/2022 09:10

Probably the worst trade I have seen in 30 years of trading and 22 years of internet trading where we could see the trades.

It's bad enough people selling but to sell a tiny amount substantially lower than the bid where 4 mm's are sitting on 100k each is just mental.

Looks like I will be increasing my stake here because this is nuts.

[tomboyb] 04/11/2022 09:04

225k sold at 0.30p when bid is 0.35p -

Well done MMs -

Not -

[dave4545] 31/10/2022 15:45

Like a half price sale soon to be quarter price sale when other assets are sold.

[tenapen] 31/10/2022 14:40

£210 is all i can afford, but if we have nothing else .... we have hope

[dave4545] 29/10/2022 14:17

Wonder what happened with this ?

Cambria Africa PLC

04 July 2019

Cambria Africa Plc

("Cambria" or "the Company")

Paynet and Payserv Sue BAZ for US $100 million

Cambria announces that further to its announcement of 12 June, Payserv Africa Limited and Paynet Zimbabwe (Pvt) Ltd have instructed their legal practitioners in Zimbabwe, Titan Law, to commence legal action against the Bankers Association of Zimbabwe (BAZ) and related parties for anti-competitive practices seeking damages of US $100 million. Payserv Africa and Paynet Zimbabwe are subsidiaries of Cambria.

Payserv Africa and Paynet Zimbabwe continue to engage individually with suspended banks on the Paynet platform as well as the Reserve Bank of Zimbabwe to find a solution to an impasse which has resulted in the suspension of services. Cambria believes this has exposed the banking sector to significant security and privacy risks. It understands banks are currently managing payments using manual spreadsheets sent by email and flash drives - much of this information is unencrypted or insufficiently encrypted.

[dave4545] 28/10/2022 08:02

Might drop today too.

Bidding nothing online not even 50000 offering size at 0.404p

mm's cleared ready to butcher all those that bought in yesterday that cannot hold.

The 500k yesterday at 0.42p sold for 0.36p

For anybody watching there might be a nice entry point later

[tenapen] 28/10/2022 07:28

Morning dave,

Value will out in the end.

(-:

[dave4545] 27/10/2022 14:36

No reaction though.

The mm's no longer price up the news but take on the day traders and if they stop chasing the price has little reaction.

I am surprised so many buyers are still holding they normally all bail but I think that is down to the evil mm's bidding zero at 0.37p

Crazy. correct me if I'm wrong regulars and long termers

£2.2 mil market cap. If this deal goes through

£2.7 mil cash

$1 mil cash stuck in Zimbabwe (100k released in today's update)

Properties worth £2 mil

51% stake in a business that made £200k profits in last 6 months.

Is there any hope for tradenet/payserve the main business that used to make £2 mil a year profits 4 years ago ?

[tenapen] 27/10/2022 14:30

Ditto

A long time coming

One of the nicer days,

[davidlloyd] 27/10/2022 12:27

Good news indeed. Such an opportunity to make some money here in my honest opinion …
DL

[dave4545] 27/10/2022 11:30

I cannot believe the mm's !

£1.5 mil return on a 0.33p stock worth less than £2 mil with already £1.2 mil cash properties worth loads and profitable

And it's just 0.36p bid

[dave4545] 27/10/2022 11:25

Another £1.5 mil wow wow wow

And that is not even the properties they own.

[manual dexterity] 27/10/2022 11:22

Cash should easily cover the entire market capRns.

[manual dexterity] 27/10/2022 11:21

Good update

[dave4545] 20/10/2022 18:29

Cash is now worth £1.25 mil due to currency movements

So £1.93 market cap with £1.25 mil cash and half year profits of around £250k

And a lot of assets.

The way rubbish is spiking everywhere I'd have thought this one is very oversold at one third of asset value

[dave4545] 20/10/2022 13:12

Markets must be improving, there's even been 2 little buys in CMB that are not me :-))

[dave4545] 25/9/2022 19:19

Just dawned on me to check the currency movements here.

Good news.

Cash that was worth £1.1 mil is now worth £1.29 mil.

Profits in their 51% stake business is now £225k up from £200k.

NAV is £5.8 mil so 3 times the current market cap so NAV will have risen too again.

If they do manage to sell a property in USD it means the £ value will be so much more.

The markets might be on there knees but there is value out there.