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1.1p
Cash above market cap.
Nai/DYOR
Thanks share picks. Bought in on your advice. Seems to be ticking on every buy. Overhang cleared as you say. Gla
That small overhang clearing.
Once cleared then this could really rise.
Cash alone is £2.3million.
This is a Covid Play with Millchem
1p target
Nai/DYOR
Yes, agree, started buying here too.
dyor and gla.
And will continue to do so up to 0.3p.
REAT went from 0.2p - 2.1p and this is a similar story.
People haven’t twigged on that it’s now a Covid play and it’s trading below cash and NAV is 4x the current sp.
Nai/DYOR
Has more cash than market cap with no debt.
Ignored but perhaps not for too long.
Don't look too bad.
Even after the payserv fiasco they have more cash than before as cash is $2.3million with $1.4 million outside Zimbabwe.
net asset value at 1.1p against a current share price of 0.24p.
More importantly they have said:
Paynet has developed a number of exciting technologies and solutions which are being positioned for additional markets in Zimbabwe and regionally.
Our chemicals business, Millchem responded positively, producing hand sanitizers and is actively looking to expand its disinfection business. This should have a positive impact on Millchem's profitability in the second half of FY 2020, but we remain mindful of the competition in this segment.
so cmb has said:
Cambria has cash and perhaps the best asset in these times is cash. We are actively looking for opportunities to deploy our cash in the context of dislocations and ethical investments. I personally believe we will be able to identify these opportunities and seize them quicker than others due to our cash position.
see interims but this looks way too undervalued. And if millchem can get keep producing hand sanitizers and disinfection could be a very lucrative market
The cash outside Zim just about covers the current sp. Trading operations are probably at about break even right now. The Nav is a moot point as the real value (on a forced sale) would probably be much less even if buyers could be found. That's why the sp is depressed and probably will remain so while current government is in charge.
This has been hit too hard.
I think with other stocks showing gains this has yet to gain any traction.
Cash is close to $2million on Feb results.
Fallen far too far at 0.26p.
Possibly some interest will be garnered here.
With last NAV at 1.05p i think this could be due for a rise as many others already have.
cmb is now at all time lows with last profit at 1.2million.
Won't repeat it however focus is on payserv with Ecocash and millichem looking at ethanol investments.
Radar holdings is a bigger investment than previously envisaged.
Last results NAV of 1.05p v 0.23p
https://www.investegate.co.uk/cambria-africa-plc--cmb-/rns/audited-fy-2019-results/202002281150105190E/
Paynet now partners ECOCASH.
Millchem now focuses on ethanol which could be quite important in current environment,
·Payserv Africa, a FinTech company with $4 million in revenues in FY 2019. Payserv's Paynet Zimbabwe subsidiary has a proven track record of offering secure transactions to financial institutions and MNO's. Paynet also cuts a wide swath in Zimbabwe's payroll management and consumer loan processing markets. Payserv's objective is to leverage its technology platforms to exploit opportunities which arise from FinTech disruptions.
· Millchem Zimbabwe is a value-added chemicals distributor with $1.04 million in revenues for FY 2019. The company is currently focused on ethanol-based solvents due to the significant local availability of ethanol. Millchem continues to trade profitability following the successful implementation of Cambria's turnaround program.
Same thing happened last year after results. Sudden burst of interest and then it goes back to all quiet after a couple of weeks. These figures were all flagged up in the November trading statement. The NAV is rather a moot point . Radar has plenty of assets but it's loss making. In todays climate who would actually pay for the company's Zimbabwe assets in hard currency? May seem tempting on paper but the main asset is the CEO who is doing a fine job in a thankless situation.
And another one.......101,272 trade selling for a £200 loss having bought earlier. LOL
as Arnie says....I'll be back...
LSE has been crashing all afternoon, I've sent them an email and they are working on it as I type..LSE Host Error ..
atb
Dear oh dear. And another one sells for a £250 loss. Could be 1p next week!
£557.22 :)
Sums up today’s quick profit merchants. Why would you buy and sell within a few hours at a loss? This only needs some buyers piling in and it will take off. It moves on each trade. When buying momentum kicks in it will fly. Cheap as chips.
Wow another peep bought 511122 and sold for a big loss. This is aim for you
Gains in an understatement mate
Wow - 2 peeps bought and sold at a loss. Hold for gains.
haha,
my buy came up as a sell , 419000 shares at 13.55...:(
atb