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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ceiba Investments Limited | CBA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 24.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 24.00 | 24.00 | 24.00 | 24.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 23/2/2022 15:43 by rambutan2 Gloomy in the sun:2021 Year End and 2022 Outlook The above-mentioned drop in tourism income from the hotels of Miramar and the expected lower valuations of both the hotel assets and the Miramar Trade Centre will have a negative impact on the Company's 2021 audited year end results that will be published at the end of April 2022. However, if during the present year the Company is able to find a structural solution to create financial autonomy for Monte Barreto and international tourism continues to recover, and even more so if during 2022 the Biden administration takes steps to ease the Cuban embargo, at least as regards family remittances and U.S. travel, Cuba and CEIBA's liquidity position would greatly improve which in turn could lead to a much brighter outlook for the Company by the end of the year. |
Posted at 24/11/2020 16:39 by rambutan2 Optimistic!I bought a v few in the summer because I thought it looked v cheap even if Biden didn't win. The nav is very conservative and the balance sheet is strong. The div will get resumed at some point. It is a fairly unique vehicle. One day Cuba will come good and CBA will do very nicely. Worth noting that HAST (in run down) held a decent stake which is still to be sold. So an overhang. Although perhaps there are instis out there who fancy some Cuba and that's why the board are seeking share issuance approval. |
Posted at 11/3/2019 06:38 by jonwig Citywire:If you need a wide discount to tempt you to frontier markets, Ceiba Investment (CBA), a £131 million Cuban property fund investing in hotels and offices on the Caribbean island, is available at 19% below NAV, which compares to the 16% one-year average and gives it a Z-score of -2.2. Last year the fund’s long-standing investment team led by Sebastiaan Berger joined Aberdeen Standard Investments and in October raised £30 million listing on the London Stock Exchange. At the end of January it reported it had deployed the new money, repaying a bridging loan, investing in the merger of two hotel companies and contributed to the financing of the construction of a new 400-room hotel. It yields 4.7% and pays one dividend a year. Latest quote was 92-98, no trades. A trap, I guess. |
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