Cambria Africa posts record profits but warns of currency headwinds
31st May 2019 09:38
(Sharecast News) - Cambria Africa announced a 50% improvement in its profit after tax in its interim results on Friday, rising to $1.66m.
Read moreCambria Africa appoints IMF veteran as CEO of Payserv Zimbabwe
5th Apr 2019 10:27
(Sharecast News) - Cambria Africa announced the appointment of Christian Herbert Beddies as the incoming chief executive officer of its wholly-owned and largest subsidiary, Payserv Zimbabwe, on Friday.
Read moreCambria Africa raises just 13pc of target in two month offer
17th Feb 2017 12:55
(ShareCast News) - Cambria Africa confirmed the result of its open offer and the conversion of VAL's loan into Cambria ordinary shares on Friday, having initially announcing the offer to qualifying shareholders on 28 November in a bid to raise up to £1.25m. The AIM-traded company said the open offer
Read moreCambria Africa extends open offer after profits rise
31st Jan 2017 09:06
(ShareCast News) - Cambria Africa, an AIM listed active investment company primarily focused on Zimbabwe, has extended its open offer after its latest trading update showed a 131% increase in profits for its Payserv subsidiary. Last week the company announced that its profit before tax for the fo
Read moreCambria Africa ordered to post security in Consilium dispute
21st Dec 2016 13:49
(ShareCast News) - Cambria Africa updated the market on its dispute with Consilium on Wednesday, after it advised on 18 July that it had filed $1.84m in counterclaims against Consilium in the English High Court. The AIM-traded company said that on 20 December, the High Court ordered Cambria to post
Read moreCambria Africa reports significantly improved operating results
18th Oct 2016 16:19
(ShareCast News) - Cambria Africa announced a further improvement in its operating results for the year to 31 August on Tuesday, with its Payserv division achieving $5.4m in revenues, an increase of 7.8% year-on-year. Payserv's consolidated EBITDA for the year increased by 44.7% to $1.78m, while pro
Read moreCambria Africa bounces on Consilium debt offer
2nd Mar 2016 15:41
(ShareCast News) - Zimbabwe-focused investor Cambria Africa has revealed it is considering the terms of an offer from Consilium Investment Management in relation to a dispute over the payment of a debt, while its finance director has stepped back to take a non-executive role in the company. Al
Read moreCambria Africa acquires Chemicals & Marketing
27th May 2014 09:44
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
Read moreTuesday broker round-up UPDATE
16th Apr 2013 07:33
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
Read moreCambria Africa raises debt facility to refinance liabilities
19th Feb 2013 11:43
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
Read moreCambria Africa sells stake in ForgetMeNot Africa
15th Feb 2013 08:50
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
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