Share Name Share Symbol Market Type Share ISIN Share Description
Cambria Automobiles Plc LSE:CAMB London Ordinary Share GB00B4R32X65 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 82.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
81.00 84.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 524.02 10.19 8.22 10.0 83
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 82.50 GBX

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Date Time Title Posts
22/9/202117:34Cambria Automobiles - The Long Story555
10/5/201611:58Cambria Auto404
26/8/201106:49Cambodian Mining Opportunities - in Junior co's2

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Cambria Automobiles Daily Update: Cambria Automobiles Plc is listed in the General Retailers sector of the London Stock Exchange with ticker CAMB. The last closing price for Cambria Automobiles was 82.50p.
Cambria Automobiles Plc has a 4 week average price of 80.50p and a 12 week average price of 77.50p.
The 1 year high share price is 84.25p while the 1 year low share price is currently 51.25p.
There are currently 100,000,000 shares in issue and the average daily traded volume is 6,928 shares. The market capitalisation of Cambria Automobiles Plc is £82,500,000.
effortless cool: Strange, trading above the offer price today.
effortless cool: This investor (PFH Capital) points out that CAMB have omitted any information as to gross margin from their latest trading update, in contrast to previous trading updates that they have issued. Https://twitter.com/PFHCapital/status/1431461741674782725?s=19 The obvious conclusion, in my opinion, is that this information looks very goood (which would be in line with peers), so they have deliberately failed to disclose, instead only quantifying the reductions in volume (the bad news).
carefree3: Received a desperate phone call clearly encouraging me to tender my shares This company has behaved so unethically as have the advisors standing behind them - a 2:54 RNS Where is the FCA? What on earth do they do for their salaries? And where's the LSE - if you think this encourages UK share ownership then dream on
effortless cool: It looks like the FT article may have shamed the Board into a trading update ... naturally, late on a Friday afternoon ahead of a Bank Holiday. https://www.investegate.co.uk/cambria-automobiles--camb-/rns/pre-close-trading-update/202108271454220683K/ And they will be extending the offer, so clearly falling short of 75% at present. https://www.investegate.co.uk/cambria-automobiles--camb-/rns/offer-update-re-share-alternative---extension/202108271521210705K/
sunshine today: Remember, the institutions that have agreed to the offer, have just played the same card they always play. ( Standard practice). They sell, at the very moment things pick up. Time and time again the trick is to purchase stock from them for a song. That’s just what the big man is doing here. Now over to the FT. The most valid point being that it’s normally a low margin high cost business. It will only take a rise in interest rates to kill the show dead, and bust most of the players in the market. I would go so far as to say it’s 50/50 that in 2 years time the offer costs HIM (not today’s shareholders who accept it,) dear. !! On Balance ( not a holder here ): The shares have risen a lump since the spring, but are clearly worth a bit more. Are small shareholders being had over ? The answer is in my view : No For starters it’s AIM and any investor only needs to look at the chances of being taken to the cleaners by a large shareholder. Next, all parties need to win, small shareholders are getting far more since the offer was announced The way forward will be for the vote to fail, and shareholders demand it’s put up for open sale. Then others can take a look at its low cost model, and buy the complete show off him and you for a higher price. Not sure that’s not the game plan anyhow. !! Just pray that happens prior to todays market steam turning to water. Good luck.
gdjs100: Interesting RNS from Cambria. They have changed the denominator for the % acceptances from the 16/6 RNS to make it sound higher, now using the 60m ex-Lavery shares instead of the 100m total shares:Today:"Therefore, Bidco has received Irrevocable Undertakings or Letters of Intent to vote in favour of the Scheme at the Court Meeting and the resolutions relating to the Offer at the General Meeting in respect of a total of 25,862,866 Scheme Shares (representing approximately 43.10 per cent. of the Scheme Shares) including now from Cambria's three largest UK institutional shareholders."16/6:"Therefore, Bidco has received irrevocable undertakings or letters of intent in respect of a total of 22,688,198 Scheme Shares representing approximately 22.7 per cent. of the existing issued share capital of Cambria as at 15 June 2021 to vote in favour of the Scheme at the Court Meeting and the resolutions relating to the Acquisition at the General Meeting."
mm84: Hi gdjs100 Are you saying that the 75% of votes is not 75% of the TOTAL shares outstanding, but 75% of the 60% of the shares outstanding that aren't in the hands of Lavery? That would be 45% of the total number of shares outstanding or 45 million shares, right? Taking into consideration that the other shareholders who have already said they would vote YES hold 22.7 million shares, Lavery needs an additional 22.3 million shares to take it private. Is this what you meant? If yes, what makes you say this? Because the Scheme Document states that Lavery needs 75% of the votes of the Scheme Shares, and that there are 100 million Scheme Shares.See below: "The Offer value is calculated on the basis of the issued share capital of Cambria as at the date of this document comprising 100,000,000 Scheme Shares and the fully diluted Offer value comprising 100,000,000 Scheme Shares and 3,575,000 options over Scheme Shares." "the approval of the Scheme by a majority in number of Scheme Shareholders present and voting, either in person or by proxy, at the Court Meeting representing at least 75 per cent. in value of the Scheme Shares voted by such holders"
effortless cool: Taken from the 17 May RNS: "Such an offer, were it to be made, would be at a price of 80 pence in cash per Cambria share, which the Board of Cambria would be minded to recommend". Mark Lavery, who is behind the MBO, already has a 40% shareholding. The current mid-price is 83p and there is a market to sell up to 75,000 shares at 82p. Hence, there is clearly significant buyer demand at prices above 80p. Does anyone have any ideas as to what is going on?
jaf111: Indeed Mortimer.....and with share price edging up further (82.2 / 84p) a higher offer must be more than a possibility.....
gdjs100: Hi EC, That wasn’t quite what I meant. If they make an offer of 80p, and get past 50% pledged ownership but not 75%, we’ll have a freely floating company, but I believe those who accepted the offer will have sold their shares to the consortium at the offer price. I’m not suggesting they’ve been buying shares in the market. Subsequently if the share price moves lower I’d be surprised given these results - my feeling is without this bid hanging over our heads we’d be north of 100p by now. They might not be able to get the financing for a number of reasons - 48m GBP isn’t a trivial sum to find for the concert party.
Cambria Automobiles share price data is direct from the London Stock Exchange
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