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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cambria Africa Plc | LSE:CMB | London | Ordinary Share | IM00B28CVH58 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.225 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Svcs Allied W/exchanges, Nec | 920k | -178k | -0.0003 | -7.33 | 1.2M |
Date | Subject | Author | Discuss |
---|---|---|---|
24/7/2023 19:42 | Maybe but I think Samir wants out. Selling the assets and switching the banking business to SA and any other interested countries. They mess you around you do not want to touch them again do you. Looks really promising again if they get their accounts out and do this SA deal. | dave4545 | |
24/7/2023 17:11 | Behind a paywall but we can read enough. --- Zimbabwe dollar has risen 53% so just maybe / hopefully the economy is on the road to recovery. | tenapen | |
13/7/2023 12:08 | So potentially. £1.5 mil market cap Assuming no material changes in results. £1 mil of cash in USD. Sale of A.F. Philips for over £1.3 mil Properties worth £2 mil although they have been up for sale we guess for a while with no takers. But the South African deal with Paynet could be the game changer CMB was trading around 8-10 times higher when Paynet was rolling in the cash Firstly lets see those results and return to trading | dave4545 | |
12/7/2023 06:04 | Thanks dave, | tenapen | |
11/7/2023 16:20 | Agree Dave - great to see this news. Lots of things clearly still going on in the background which can only be positive for us long term holders :-) With all that is going on with a lot of other AIM companies, its refreshing to again see Samir's clear drive to look after shareholder interests. DL | davidlloyd | |
11/7/2023 16:00 | Double vote downs I love it :-)) reinforcements arrive | dave4545 | |
11/7/2023 15:54 | They used to make £1-2 mil profits from Paynet. So potentially using the software again in another country is massive. Add on the NAV the cash etc etc then it could be great if they get their accounts out and return vote that down :-)) | dave4545 | |
11/7/2023 15:38 | I reckon had this been trading normally this news would have seen a substantial rise. £1.5 mil market cap, covered by £1 mil of cash, all those assets This news is potentially huge, they use to make huge profits from Paynet. From being totally despondent I'm quite excited now | dave4545 | |
11/7/2023 15:34 | Hello...out of the blue this news ! 11 July 2023 Cambria Africa plc ("Cambria" or the "Company") Paynet Software Agreement proposed to Multi-Pay Solutions (Pvt) Ltd (Multi-Pay) Further to the Investment Update of 27 October 2022, and in keeping with its strategy to maximize realizable NAV at the holding level, Cambria Africa plc (AIM:CMB) ("Cambria" or the "Company"), has in principle agreed to grant Multi-Pay Solutions (Pvt) Ltd (Multi-Pay Solutions) exclusive rights to use, distribute, and operate Paynet Software in the Southern African Development Community (SADC). Payserv Africa will continue to operate Paynet outside of the SADC region. Paynet Software is a multi-currency payment solution that has been trusted for over two decades to streamline secure and efficient interbank/intrabank (onus/offus) bulk payment and gross settlement transactions. Commenting on the proposed exclusive arrangement, Frances Pickering, Managing Director of Multi-Pay Solutions, stated, "With independent management and control, Multi-Pay will build on a proven and tested platform, offering a unique and reliable opportunity for our partners in the banking industry." Cambria's CEO, Samir Shasha, commented, 'This proposal, if finalized, would be an important step in our efforts to realize the value of our proprietary software and aligns well with our ongoing strategic shift. Multi-Pay, by leveraging its extensive fintech experience and market knowledge, is uniquely positioned to distribute and operate the Paynet Software, driving substantial benefits to financial institutions and consumers alike.'" Cambria is in the process of active fixed asset realization. As previously announced, Cambria is concluding the sale of its interest in Radar Limited. Since October, the Company has recovered about $400,000 in Legacy Debts at the holding level. The Company is yet to release its audited full-year results as of 31 August 2022 and management's half-year results as of 28 February. Cambria will provide further updates on the progress of this strategic partnership as and when appropriate. | dave4545 | |
31/5/2023 08:22 | zzzz Could have given more info. | dave4545 | |
29/5/2023 15:04 | 'It's a steal' Let's hope it's a reference to the discounted assets to M/C and not the CMB bod !. I've written this investment off so many times over so many years, going back to when they were called LonZim / Lonrho. I'd be delighted to get money back, but pragmatic. Time will tell. I read about money going into Africa, but is it going to Zimbabwe ? The highest of risks. That's a lot of money dave, I hope it works out for You and I both. | tenapen | |
29/5/2023 09:18 | Surely they have to say something soon. I know he says he wants to obtain full value for assets but now I'd be thinking take discounts. Sell the property 20-30% below market price if no buyers, sell all business's the same. With the cash already outside Zimbabwe it would still be a return way above current price. I think I'm having more sleepless nights than samir tenapen, no replies to emails and I'm not going to Zimbabwe to find out but then again with £30-40k in this one maybe I should ! | dave4545 | |
16/5/2023 18:16 | I see Zimbabwe devalued it's currency.... again. I honestly thought with Mugabe gone and the rise of social media, rather than just state media. Things would improve ..... sadly not. I wonder how many sleepless nights Samir has had, regretting his decision to employ the retired guy from the world Bank. From memory - a week later payserve lost the bank payments contract and we end up here - suspended. It will play out as it's ment to. | tenapen | |
15/5/2023 22:18 | Keep the faith. We pay our money and take our choice. | beeks of arabia | |
15/5/2023 22:17 | Ouch :-)) fair point though. Just never thought we'd not get any update for 10 weeks since suspension | dave4545 | |
13/5/2023 10:06 | starting to get nervous here. | dave4545 | |
28/2/2023 18:04 | Getting rinsed selling for 0.25p now when they will only sell for 0.292p | dave4545 | |
28/2/2023 10:19 | mm's are onto you beeks | dave4545 | |
27/2/2023 16:50 | Your 100k sales then beeks ? Shame you cannot cross the rest with me | dave4545 | |
27/2/2023 08:57 | lol wins drop on a 100k sale again, they really are a sham outfit | dave4545 | |
22/2/2023 13:31 | 500k max 0.3p mm's are seeing not many are panic selling on yesterdays news and are now offering little seeing as there has been twice as much bought than sold since the news. Did you notice STA today, suspended, issues moderate results, tons of liabilities heavily loss making and comes back this morning and rises over 400% at one stage the market is nuts. | dave4545 |
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