Cambria Africa Share Discussion Threads

[dave4545] 27/12/2023 15:52

Can buy 3,750,000 online at 0.197p

That is some size available but then one mm did buy 1.8 mil at 0.175p so they could be trying to offload them too.

Tempting but hold too many to risk more

[tenapen] 21/12/2023 14:50

150,000 Tuesday!
100,000 wednesday.

I don't keep tabs on CMB, the last I read Zimbabwe was in the throws of a cholera outbreak. I feel for the population, one disaster after another.

I'm also waiting for 'the positive news' before I add to my large holdings. Good luck and well-done on your UP's

Seasons Greetings

[dave4545] 21/12/2023 08:15

This week, did you miss it.

No bid at 0.2p so whoever sold took 0.175p for 1.8 mil, about right when there
is no support.

Bit grim out there, luckily doing well elsewhere so can offset here but it's just on
paper. Not expecting any buying until a update no matter how cheap it looks because the market is just not there now for "value" stocks unless they issue news and spike
and I'm certainly not buying more so we are stuck just like many stocks are now

[tenapen] 21/12/2023 08:12

Hi Dave,
1.8m this morning ? I don't have trades on my phone.

It will happen how it happens, not much we can do about it.

Seasons Greetings

[dave4545] 21/12/2023 07:59

0.2p finally gives way after that 1.8 mil sale at 0.175p

0.18-0.23p opening

[dave4545] 14/12/2023 11:15

3 months not a peep eh !

Probably get a standard update soon, be surprised if anything material has happened given the silence

[dave4545] 28/10/2023 09:32

So yesterday a major shareholder in FireAngel offered to buy out the remaining stock for 7.4p cash when it was sitting at 2p offer.

Can Samir not doing the same, he does not have to offer 0.74p, I'd be over the moon with 0.5p and yes we know NAV is way higher but I think we are long past caring about that NAV.

Surprised he's not done this, get a loan, buyout remaining stock at a fair price then he gets the money back via the cash in the account and even comes out ahead.

It's just a lot of us want to move on now?

[dave4545] 22/10/2023 22:01

It will be a year this week they "agreed" to sell this.

Cambria continues its efforts to maximize the realizable value of its NAV at the holding level. The Company has conditionally agreed to sell its 78.2% shareholding in A.F. Philips (Pvt) Ltd. (AFP) for a sum of US $1.74 million in cash

Surely it does not take that long, to me it's not going to happen to whoever it is that was interested, time to find another buyer for it even if it's at a discount

[tenapen] 20/10/2023 15:57

Yes, keep any powder we may have dry.

Until world markets stabilize IMHO.

Good luck.

[dave4545] 20/10/2023 11:44

Me, I've just about given up buying anything now.

I was thinking of having some more at 0.215p but it's higher now.

At least there's a buyer here which makes things interesting, I'm not a believer in the 1 trade but in this stock perhaps interesting, who on earth would buy 1 share in this to try and fool others into buying...nobody

[davidlloyd] 20/10/2023 11:33

Is that 1 share trade you topping up again Dave? :-)

DL

[dave4545] 20/10/2023 11:27

ha ha 1 share trade.

For any believers that is

[dave4545] 18/10/2023 08:22

Interesting trading.

So it's NT for a while then they print after hours buys and the mm's are suddenly bidding for size again.

It's been NT to sell for a week and 0.215p to buy, today I can sell a million online and it's 0.235p offer after a 1 mil protected buy at 0.22p yesterday. Somebody is nibbling via this method a few times. Inside or just sees value.

[dave4545] 27/9/2023 17:13

Decent buy today 2.2 mil

[dave4545] 15/9/2023 18:31

Everything is great until the very last line of the update about the delisting why did he have to even mention it if they are not certain of doing it.

I've held a long time and to my knowledge I'm the second biggest holder of CMB although it probably does not show because it's in different names in different nominee broker accounts.

We all know it's like £4 coins for £1 but this fine in the UK but not in Zimbabwe.

I enquired into a price for a decent holding and got offered a ridiculous amount 0.18p actually. I'm not negative but I would like a small holding and less stress because I have been making money elsewhere.

I just do not understand with £1 mil+ why Sammy does not use that cash to buy us out as he holds 70% so 30% currently is worth £360k so I'll bite his hand off with a 0.4p offer just to move on, if only I could speak to him, no replies to emails and has anybody got a phone number ?

[davidlloyd] 15/9/2023 13:59

Nothing unexpected from my perspective. Ludicrous that this is currently valued as near as dammed around cash in hand...and ignores everything the board thinks is realistically realisable in the not too distant future (not small change)...
I still see this as potentially multi bagging from these low values but the illiquidity and the hint of potential delisting may be enough to scare even the most adventurous investors away....Hey Ho.

DL

[beeks of arabia] 15/9/2023 13:13

Thoughts on the results?

[dave4545] 14/9/2023 18:16

Oof never noticed the RNS's

I'll read them now

[dave4545] 14/9/2023 18:07

Any reason to be so confident on that ?

[lekka] 14/9/2023 17:39

Finally relists tomorrow 15th September

[dave4545] 08/9/2023 07:36

And another week flies by and still no accounts.

How hard can it be to get them done ?

[tenapen] 27/8/2023 11:55

FT.com
"Zimbabwe president re-elected after vote criticised for irregularities"



A different name but still the same outcome.

-------

Behind a paywall - the title tell all.

[tenapen] 25/7/2023 19:01

About ten years ago I read about funds being withdrawn from Africa / 3rd world countries and poured into America .... a bull run had started.
I now read the American bull market has topped out and traders are heading over sea's for bigger returns.
The bombed out UK market is now on the Sage of Oman's watch list. The first time since he had his fingers burned with Tesco's !. Could it be true also that Africa is also back on the traders watch list ?.
Samir is in charge and he can judge the situation on the ground!. I'll go with what he says.

[tenapen] 24/7/2023 19:58

It's a crying shame what Mugabe did to Zimbabwe and it's people. And it's good to see a recovery. If Samir has had enough and want s to liquidate Cambria's assets, that's fair enough and good luck to him. But he has a better chance of selling into a rising economy.

Time will tell all.
Good luck.