Cambria Africa Share News (CMB)

Cambria Africa Launches USD10 Million Claim Against Lonrho

Cambria Africa Loss Widens, Hit By Weakness Of Zimbabwe Economy

LONDON (Alliance News) - Cambria Africa PLC, the investment company focused on southern Africa, Friday reported a wider loss for the first half of its financial year as its Millchem Holdings chemicals distribution unit was hit by tough conditions in Zimbabwe and start-up costs elsewhere. Th

Cambria Africa Agrees To Buy Malawi Firm For GBP302,500 In Shares

LONDON (Alliance News) - Cambria Africa PLC Tuesday said it has agreed to buy the outstanding share of Chemicals & Marketing Company Ltd, a Malawi chemicals distributor, for 5.5 million Cambria Africa shares. Cambria Africa shares were Tuesday quoted at 5.5 pence, untraded, making the deal

Cambria Africa acquires Chemicals & Marketing

Southern Africa focused investment company Cambria Africa has acquired 100 per cent of the outstanding share capital of chemicals distributor Chemicals & Marketing (C&M). The acquisition of C&M is expected to deliver significant diversification for its subsidiary, Millchem, in terms of geography a

Cambria Africa Says Millchem Has Won Several New Distribution Deals

LONDON (Alliance News) - Cambria Africa PLC Friday said its Millchem specialised chemicals and machinery distributor has received several key regional supply and distribution agreements in countries including Malawi, Zimbabwe and Zambia. In a statement, the investment company focused on sou

UK MORNING BRIEFING: ABF Gains Despite Repeating Sugar Price Warning

LONDON (Alliance News) - UK shares are flat to higher Wednesday following a firm close in the US.

Several UK blue-chips and mid-caps - including Reed Elsevier, ARM Holdings and MoneySupermarket.com - sought to provide reassurance a

Cambria Africa Raises GBP2.1 Million In Placing

LONDON (Alliance News) - Cambria Africa PLC said Monday it has raised GBP2.1 million at its first close of placing. The AIM-listed firm said it has applied for the shares to be admitted to trading on AIM, which is expected to take place March 4, 2014. Following close of the placing, t

Cambria Africa Pretax Loss Narrows On Revenues, But Growth Rate Slows

LONDON (Alliance News) - Cambria Africa PLC Thursday said its pretax loss narrowed in its full-year on good revenues but that its growth rate has slowed. The investment company, which has a portfolio of investments primarily in Zimbabwe, said its pretax loss narrows to USD4.8 million for th

Cambria Africa Raises USD4.06 Million In Oversubscribed Placing

LONDON (Alliance News) - Shares in Cambria Africa PLC dropped more than 26% on Wednesday afternoon, after the company said it had raised USD4.06 million in an oversubscribed placing of around 33 million new shares. The investment company, which has a portfolio of investments primarily in Zi

Tuesday broker round-up UPDATE

Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40

Cambria Africa raises debt facility to refinance liabilities

Investment group Cambria Africa has secured an additional 1.5m dollars in debt financing to aid entry of its chemicals distribution subsidiary Millchem into the Zambian market. The funds will also be used to refinance existing liabilities of the company and for general working capital purposes. C

Cambria Africa sells stake in ForgetMeNot Africa

Cambria Africa said Friday it has sold its stake in ForgetMeNot Africa(FMNA) mobile phone messaging software. The Zimbabwe investor's interest in the business unit is being bought out by its joint venture partner, the ForgetMeNot Software company, for $250,000. Cambria said its holding in FMNA was