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Cambria Africa plc is a long term, active investment company, building a portfolio of investments primarily in Zimbabwe.  

 

The name of the Company is inspired by the Cambrian period in the earth's development, also referred to as the "Cambrian explosion".

 

It represents an anticipated period of rapid development and a promising new era for the Company, its shareholders and employees – alongside the current economic renaissance of Zimbabwe.

 

It has been listed on the AIM market of the London Stock Exchange since 2007.  Until February 2012 the Company was known as LonZim plc.

Website:
http://www.cambriaafrica.com/
Phone:
+44 (0)203 4022 366
Address:
1 Berkeley Street, Mayfair, London W1J 8DJ.
Super Sector:
General Financial
Sector:
Equity Investment Instruments
Industry:
Equity Investment Instruments
EPIC / Symbols:
LON:CMB
chart-size
*subject to change and depends on individual circumstances.

Cambria Africa plc RNS Press Releases

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Cambria Africa plc Articles, News, and Media Files

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Broker press

  • Page 1 of 1
  • 16/04/13

    16.04.13 :-0.12, (8.88) WH Ireland reiterates its "speculative buy" rating but cut its price target to 22.5p from 25.1p.

  • 24/04/09
    +1.00 +34.50

    a major shareholder in Zimbabwe investment company LonZim PLC is seeking to sack its directors, sell all its investments and return cash to investors, in a move opposed by LonZim?s board. Hedge fund AMB Capital (Ireland) Ltd. has acquired a 20.75% stake in LonZim and has called a meeting of LonZim shareholders to vote on its proposals to remove LonZim?s directors and sell its investments by the end of 2010 and give the proceeds to shareholders. It might even move quicker: LonZim?s annual general meeting is scheduled for April 30, and Executive Chairman David Lenigas told Dow Jones Newswires AMB and its... read more

  • 15/01/08
    +0.25 +106.00

    an article in the Times reports: LonZim was unchanged at 105.75p amid rumours that its first acquisitions are imminent.

Director dealings

  • Page 1 of 1
Date Director Trans Amount Type Price(p) Value (£) Holding %
26/07/12 I.R.B. Perkins BUY 65,000 ORD 12.40 8,060 265,000 0.46
26/07/12 P.D. Heber BUY 50,000 ORD 12.40 6,200 350,000 0.60
01/12/11 P.D. Heber BUY 123,504 ORD 16.50 20,378 300,000 0.52
29/11/10 P.D. Heber BUY 166,396 ORD 28.00 46,591 0,000 N/A

BASIC RESULTS INFORMATION

  • Page 1 of 3
Date Type Turnover Profit EPS (p) Dividend (p) Currency
28/02/14 Interim 4.18 -2.07 -4.10 0.00 USD
31/08/13 Full year 8.49 -4.81 -18.40 0.00 USD
28/02/13 Interim 6.50 -2.16 -3.70 0.00 USD
31/08/12 Full year 11.99 -18.97 -47.10 0.00 GBX
29/02/12 Interim 6.37 -15.05 -28.60 0.00 USD

Company Statement

Investment Objective

The Company’s investment objective is to provide Shareholders with long term capital appreciation through the investment of its capital in Zimbabwe, countries surrounding Zimbabwe, as well as the remainder of Sub-Saharan Africa, with a bias towards Southern and Eastern Africa.

 

Cambria does not have a particular sectoral focus.  Its key objective is building a portfolio of companies that are well-positioned to benefit from Zimbabwe’s economic growth and from formalization and modernization of Zimbabwe’s economy.  Moreover, Cambria seeks investments that have current sector leadership in Zimbabwe or, in Cambria’s view; will be able to achieve this.

 

Cambria generally seeks control as it prefers to become actively involved in the companies it acquires.  For example, assisting in setting focused strategic objectives, building “first class” management teams, creating globally focused companies and efficiently deploying the necessary funds to build on, or achieve leading market positions and thereby the associated higher margins. 

 

Cambria’s approach is a fusion between a conglomerate and a publicly traded private equity firm. It has the long term perspective of a ‘going concern’ and seeks the value enhancing, efficiencies of an investment company.  Even though within Cambria investments are referred to as ‘subsidiaries’ and Cambria seeks synergies between its subsidiaries, Cambria has the discipline to enter and exit investments when appropriate for maximizing shareholder returns.


Investment Strategy

The Company’s investment objective is to provide Shareholders with long term capital appreciation

through the investment of its capital in Zimbabwe, and as the Board deems fit, countries surrounding

Zimbabwe, as well as the remainder of Sub-Saharan Africa, with a bias towards Southern and Eastern Africa.

 

While the Company will not have a particular sectoral focus, utilising the investment skills of the Directors and their advisors, the Company will seek to identify individual companies in sectors best positioned to benefit from the economic growth outlook for Sub-Saharan Africa.

 

The Company will use existing investments as a platform to enter into new opportunities, through either mergers or acquisitions, or may make outright acquisition of new investments in business within Sub-Saharan Africa but having a significant exposure to assets, businesses or operations within Zimbabwe, countries surrounding Zimbabwe, as well as Southern and Eastern Africa.

 

While there will not be any limit on the number or size of investments the Company can make in any sector, the Directors will seek to diversify the Company’s investments across sectors in order to mitigate risk and to avoid concentrating the portfolio in any single sector.

 

For more information on strategy please click here

Current Operations

About Payserv

The Payserv Group is Zimbabwe’s leading provider of Payments and Business Process Outsourcing services targeted at financial and related sectors. The group comprises four business units, Paynet Zimbabwe, AutoPay, Loanserv and Softserv.

 

 

Paynet Zimbabwe provides an outsourced payments transfer platform linking twenty-two financial institutions and over one thousand two hundred corporate institutions in all sectors of the Zimbabwean economy. The payments transfer platform is well known as the Paynet system in Zimbabwe and widely used for bulk salary transfers, supplier payments and direct debits. This service has revolutionized the payments space in Zimbabwe, creating an efficient, cost effective and robust method of handling payments by banks.

 

Autopay provides an outsourced human resources and payroll management service to over a hundred and fifty companies in Zimbabwe, processing general and executive payrolls for its customers. The company is the largest privately owned human resources and payroll management services company in the country. The business model is premised on a need to offer a low cost, highly confidential, reliable and efficient way of managing these human resources functions while freeing Human Resources practitioners to concentrate on strategic aspects of their businesses. HR Executives outsourcing the above functions testify on benefits derived from the outsourcing service

 

Established in 2005 with a unique approach to payroll based lending, Loanserv (previously, Tradanet) is Zimbabwe’s only outsourced processor of high volume, low value loans. On behalf of financial institutions, Loanserv facilitates loan origination at the employer’s site, and manages repayments from salary deduction and subsequently monitors portfolio performance. For employers, Loanserv automates the administration of internal staff loans.

 

Softserv bridges the gap between outsourcing and internal administration of IT services. The Business unit delivers Human Resource and Payroll software packages that are customizable to suit individual companies. In addition, Softserv deploys and manages IT Security products and services that enhance both data security and integrity and IT resource usage management   for medium to large companies.

 

For more information please click here

 

About Leopard Rock Hotel & Resort

The Leopard Rock Hotel is a four star, 58-room hotel, resort and casino set in the Bvumba Mountains in the Eastern Highlands of Zimbabwe. It is an iconic destination within Southern Africa with a rich history – The Queen Mother remarked, after all, that ‘surely there is no place more beautiful in Africa’.

 

 

The resort boasts a 6164 meter, Peter Matkovich-designed golf course, recognized as one of the best and most picturesque in Africa, if not the world.   It also includes a 450-hectare private game park where you can enjoy viewing Giraffe, Zebra, Impala, Wildebeest, and Eland, either by foot or from observation platforms.  The game park also includes the rare Blue Duiker, Bushbuck, Nyala and Sykes Samango monkeys.  Included on hotel’s property is some of the last pristine (‘old growth’) forest in Zimbabwe’s Eastern Highlands, including rare flora and fauna and, indeed, a large number of leopards.

 

Since  acquisition in 2009 by Cambria, the hotel has undergone significant refurbishment, as well as staff upgrades, and it is now restored to its former glory and is well up to par with current international standards. Completion of the refurbishment has led to superior occupancy and improved room rates.

 

In 2011 the hotel was awarded ‘Best Resort in Zimbabwe’ by the Association of Zimbabwe Travel Agents and ‘Best Resort Hotel’, First Runner-Up by Zimbabwe Tourism Authority.

 

For more information please click here

 

About Millchem

With Cambria’s assistance, Millchem has become, amongst others, Zimbabwe’s leading distributor of industrial solvents and metal treatment products. The company was established in 1986 as Millpal and rebranded to Millchem in 2011.

 

 

Building on 25 years of supply and delivery to Zimbabwe’s industrial companies in the paints, inks and coatings, plastics, textile, automotive, and household products sectors, and now mining, Millchem has established itself as the preferred value-added chemicals distributor in Zimbabwe.

 

The company consistently maintains high standards of quality, environmental and safety performance and is the only African member of the National Association of Chemical Distributors (N.A.C.D.) in the United States, an organisation promoting the Responsible Distribution code. This membership provides Millchem customers with a verified guarantee of global best practices in terms of industrial processes, quality assurance, as well as health, safety and environmental care.

 

Millchem has one of the largest bulk solvent holding facilities in the country. The company has in-house blending and formulation capabilities and also provides high level technical support.  Furthermore, the company offers market leading commercial terms that are responsive to customers’ opportunities and challenges.


For more information please click here

Management

Ian PerkinsNon-Executive Director and Chairman

Ian Perkins has over 40 years' London City experience. Until 1991 he was at James Capel & Co. where he was a Director and Head of Fixed Income. Between 1991 and 1996, Ian was Director and later Chief Executive Officer (CEO) of listed bank King & Shaxson Holdings plc. When Gerrard Group acquired King & Shaxson in 1996, Ian became a Director of Gerrard Group plc and Chairman of the Gerrard & King bank. Following Gerrard Group’s takeover by the Old Mutual Group in 2000, he became a Director of Old Mutual Financial Services plc, and the CEO and later Chairman of GNI Limited until 2003.  Thereafter until 2010, Ian was Chairman of fixed income and inter-dealer broking firm King & Shaxson Limited.

 

Paul Turner - Non-Executive Director and Deputy Chairman

Paul Turner is a Past President of the Institute of Chartered Accountants of Zimbabwe. He is a highly respected and knowledgeable member of the Zimbabwean business community. Paul was previously a Senior Partner at Ernst & Young in Harare, Zimbabwe for over thirty years and brings an unparalleled level of experience in the structure and operation of businesses in Zimbabwe. Paul is a qualified Chartered Accountant, registered both in Zimbabwe and South Africa.

 

Edzo Wisman - Director and Chief Executive Officer

Prior to joining Cambria in 2010, Edzo Wisman was Managing Director of Stuart Lammert & Co., a Toronto and New York based corporate advisory firm that he founded in 2003.  Prior, Edzo was a Vice President; Investment Banking with Toronto based CCFL Advisory Services. Previously, he was with Wilshire Associates; first with the consultancy practice in Amsterdam, servicing some of Europe's largest institutional investors; and then with the Private Markets Group at Wilshire’s Santa Monica, California headquarters, seeking opportunities in the leveraged buyout markets. Edzo has also worked with the investment department of the pension funds of KLM Royal Dutch Airlines. He holds a Doctorandus degree in Business Economics from the University of Groningen. He has published a number of papers on the buyout markets and corporate governance issues.

 

Rhonda Wells - Group Financial Controller

Prior to joining Cambria, Rhonda spent seven years at Mecom Group plc, latterly as the Group Financial Controller.  Before that Rhonda held increasingly senior positions in her ten years at KPMG, most recently as Audit Senior Manager in London, working primarily with listed companies and their subsidiaries. Rhonda is a Chartered Accountant, holds a BA (Hons) degree in Accounting and an Executive MBA. Rhonda spent a significant part of her youth in Zambia and South Africa.

 

Fred Jones - Non-Executive Director

Fred Jones is the Chairman of Jutland Group; a private Hong Kong based investment management and commodity firm which he founded in 2006 to manage portfolios of foreign exchange, precious metals and international debt. Fred also founded Jaramcor International, a commodity supply-chain manager and supplier of pulp/paper, chemicals and agricultural products. He was previously Vice President, Private Client Services, at Bear Stearns Global Wealth Management. Fred was also with the International Private Client Group of Merrill Lynch. He holds a BSc in Accountancy and an MBA in Finance from Florida A&M University.

 

Itai Mazaiwana - Non-Executive Director

Itai Mazaiwana started his career in research and education at the Institute of Mining Research at the University of Zimbabwe as an Analytical Geochemist. During his subsequent career in the private sector, Itai held senior positions in the mining and chemicals industries at ZISCO Steel, Anacal Laboratory, Ardington Exploration, and Polokwane Chemicals (South Africa). Itai is currently a director of Jeune Zimbabwe, Mining and Infrastructure Development Corporation, a joint venture between Jeune and the Government of Zimbabwe  and Pan-African Energy Resources, a consortium of European and Zimbabwean engineers and scientists developing a 2000MW power station. In recent years, Itai has acted as a technical adviser to, Orange Advisory Alliance (South Africa), Lineband/Scores Mining, and New Frontier Partners Zimbabwe. The latter organisation promotes local participation in Zimbabwe’s mining and energy sectors. Itai holds a BSc in Chemistry and Geology and a MSc in Analytical Chemistry, both from the University of Zimbabwe. He has published a number of papers on low level detection of gold.

 

Nyaradzo Mudzamiri - Strategy and Corporate Development

Prior to joining Cambria, Nyaradzo Mudzamiri was with KPMG Corporate Finance in Johannesburg (South Africa) and Harare (Zimbabwe), focussing on Mergers & Acquisitions, Valuations and Restructuring.  She has gained valuable experience across multiple sectors, working for local and international clients with operations in Zimbabwe, Zambia, Namibia, Malawi and South Africa. Nyaradzo holds a Bachelor of Science Honours degree in Economics from the University of Zimbabwe and a banking diploma awarded by the Institute of Bankers (Zimbabwe).

 

Roy Meiring Chief Executive Officer, Hotels Division

Roy Meiring has over 35 years of experience in the hotel industry in Zimbabwe and the region. He undertook his initial hotel management training program at The Carlton Hotel in Johannesburg with Western International. In 1977, Roy joined Meikles Southern Sun Hotels and was General Manager of Troutbeck Inn. After five years with Meikles Southern Sun Hotels, he joined T.A. Holdings as Group Managing Director, managing Cresta Hotels and Safaris, with a presence in Zimbabwe, Botswana and the Region. Between 1992 and 2011, Roy was Chief Executive Officer of the Meikles Hotel Division (Meikles Ltd), which included The Meikles Hotel in Harare (Zimbabwe), Cape Grace in Cape Town (South Africa) and The Victoria Falls Hotel Partnership. The three hotels are members of the Leading Hotels of this World Group.

Roy is a Fellow of the Hotel Catering and Institutional Management U.K. (“FHCIMA”).

Major Shareholders

 

For more information please click here, data collected from company website 29.10.2014

  • Additional Information
    Market
    AIM
    EPIC
    CMB
    Share Price
    1.55p
    Change
    -0.05
    Volume
    45,000
    Dividend
    0
    EPS
    -18.40
    Shares
    104.66 m
    Offer
    1.6
    Bid
    1.5
    Avg. Vol
    109,623
    Yield
    0.00
    P/E
    -2.18
    Mkt Cap
    £1.62 m
  • Contact Information

    Head Office

    1 Berkeley Street

    Mayfair

    London

    WIJ8DJ

    Tel: +44 (0) 203 4022 366

    Fax: +44 (0) 203 4022 367

     

    Registered Office

    33-37 Athol Street

    Douglas

    Isle of Man

    IM1 1LB

     

    Zimbabwe

    First Floor, West Block

    CABS Northridge Park

    Northend Close

    Borrowdale, Harare

    Tel: +263 4 852 434

    Fax: +263 4 852 435

     

    General enquiries

    info@cambriaafrica.com

     

    Corporate Information

    Company Secretary

    Northern Wychwood Limited

    1st Floor, Exchange House

    54-58 Athol Street

    Douglas

    Isle of Man

    IM1 1JD

    British Isles

    Tel: +44 (0) 1624 678 259

     

    Registrars

    Capita Registrars (Isle of Man) Limited

    3rd Floor Exchange House

    54-62 Athol Street

    Douglas

    Isle of Man

    IM1 1JD

    Tel: +44 (0) 870 162 3100

     

    Principal Group Bankers

    Barclays Corporate

    Level 27, 1 Churchill Place

    London

    E14 5HP

    United Kingdom

    Tel: +44 (0) 207 116 1000

     

    Auditors

    KPMG Audit LLC

    Heritage Court

    41 Athol Street

    Douglas

    Isle of Man

    IM99 1HN

    Tel: +44 (0) 1624 681 000

     

    Nominated Advisor and Broker

    WH Ireland Limited

    24 Martin Lane

    London

    EC4R 0DR

    Tel: +44 (0) 20 7220 1666

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