Barney. Not really. I've traded this twice in my ISA and essentially is a long term high dividend payer. Just bought more and happy to collect 10% until the price goes back over £30. I'm sure it will
What's the exit strategy? On paper it's very cheap and if management decided to liquidate the portfolio it would rocket. As it is i'm rebuying the shares I sold for 17p in the hope of another run. Only forms a very small part of my portfolio with a 2 year view (max) and hoping it will produce results sooner than that.
I've been in here over 10 years. Quick history lesson davey. This was originally Lonzim (the non mining interests of Lonrho including Leopard Rock hotel). Terribly managed and saved from liquidation by SS in 2015. Name changed to Cambria and he bought Leopard Rock from the company from the company soon after. I originally paid about 10p for shares but my average is .55p. I need at least .6p!
Well he used to be a multi millionaire but buying Cambria has cost him a fortune. He's still got Leopard Rock but I suspect that visitors are hard to find and reviews are not good. Needs lots of money spending on it by the sound of it. I think he'll take his time to get decent prices for the various bits of cmb.
It's still only £1200. We know the reason for the suspension and its only temporary. Focus on the $1.6 million on deposit which covers the m/c. Long termers wont be bothered