Cambria Africa puzzled at discount, mulls asset sale

Zimbabwe focused investment firm, Cambria Africa, says it is considering a potential asset sale and share buyback as its stock price continues to lag its tangible asset value.

Zimbabwe focused investment firm, Cambria Africa, says it is considering a potential asset sale and share buyback as its stock price continues to lag its tangible asset value.

Revenues in the 12 months to the end of August were $12.9m, up 35% on the prior year while gross profit was $6.9m, also up 35%.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.