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Not going to happen. Barely profitable. NAV c.8p mostly assets in Zimbabwe whose resale value must be questionable. Gently diminishing cash holdings just about supporting the sp.
Not take many more buys to get this to a penny again.
A few £k sells from the end of last week crashed the SP by nearly 30%. The sells were then all bought back with a few decent trades but SP not bounced. Very illiquid share, think history and charts show its well worth a buy and hold at this level. Company basically in limbo atm, insignificant cash burn, could come up with something at any moment or just sell everything and return cash to shareholders( as per previous rns) which would probably be more than current SP.
Approx. 1 million in cash, property prices are going up everywhere, this is very cheap!
1p can come very quickly!
What's going on? The deadline is today? June only has 30 days!
more incompetent mis management by overpaid noodles....or will it be good news
although, of late AIM likes to have a pump on release from the Suspension dungeon?!
you would of funk in such a great backdrop for their business could actually go in the right direction?!
BUT then this is orchestrated AIM.....
Cambria Africa PLC
28 May 2021
Cambria Africa Plc
("Camb ria" or "the Company")
Notice of Final Results and Interim Results;
Unaudited FY 2020 NAV of $1.18 per Share
Cambria Africa announces that further to its announcement of 26 February 2021 in relation to the extension of release of its audited financial statements for the year ended 31 August 2021 by no later than 31 May 2021, the Company will not be in a position to meet this deadline.
Consequently, the trading in its shares will be suspended from 1 June 2021 until such time as the financial statements are published. Based on the unaudited accounts, the Company expects to report a Net Equity (NAV) of US $6.417 million ($1.18 per share) as at the end of FY 2020 ended 31 August 2020 down from $7.172 million ($1.32 per share) at HY 2020 ended 29 February 2020.
Further to the guidance provided in "Inside AIM" on 27 January 2021, the Company will extend the reporting deadline for its interim results by one month, and plans to release its interim results for 6 months ended 28 February 2021 by 30 June 2021, which would otherwise be required by 31 May 2021.
Contacts
Cambria Africa Plc www.cambriaafrica.com
Samir Shasha +44 (0)20 3287 8814
WH Ireland Limited https://www.whirelandplc.com/
James Joyce / Matthew Chan +44 (0) 20 7220 1666
Thanks man. Thats appreciated
I use Hargreaves Lansdown
Does it show on London South East or any other brokers?
Also is this a bad sign?
Hey guys. I can't seem to find Cambria Africa on Interactive Brokers or Degiro. What platform are you using to buy it?
Do some research.
Income generated in Zim dollars means company is just about breaking even in USD.
Exchange controls means assets (property, Radar shares) even if saleable (doubtful)
could not be converted to hard currency and removed from Zimbabwe.
OMU shareholding frozen on ZSE and may be written off in next accounts?
So only tangible asset in hard currency is cash (USD in Mauritius/UK)
How on earth do you imagine that any multiple of the current sp is justified?
Iceman - do you think we could get to 8/9/10p range? What's your thoughts for sp for 2021? Be nice to get a few bags here!
@SamBar, this is why i was buying yesterday and today. I will buy more tomorrow.
that the bulk of the NAV consists of assets in Zim that can't be easily converted into USD. Cash in Mauritius/Uk of around £1mill. Cost of maintaining AIM listing around £200k pa. OMU shares frozen on local market. Trading around break even it seems rather overpriced at this level.
Smallest spread I have seen all day are we about to pop?
Looking at the charts:-
You see 1p to 1.3p some resistance.
Then its 5p!
Then 8p to 10p!
Could these guys start a BITCOIN MINING?
They will have a decent cash in the bank soon!
Dont worry. if we get any good news im looking at +3p.
We have asset valued at 1p...
Bloody MM's had to pay .65
We need to break 0.5p. If you look at the charts we will get 1p.
Good trades coming in..waiting for the big ones...
I have invested here today..i like the look of this one...lets push 0.50 today
Bought more today! I think 1p will come quickly and the next news could take us to +2p
https://www.pscp.tv/ShareTalkNews/1DXxyRyzMPZKM
CMB mentioned by Zak Mir in share talk.