Thoughts on this play? Their numbers sure look good. Made $552K on $10 mil in revenue last and they made that much recently. For this price, I think it's a steal. There's a site called Sedar that shows all their financials.
Ticker is CAFZF in the US and CAF on the CAD markets. I also uploaded a text file with their last financials + management discussions. All information I got from Sedar which is identical to Edgar.
Do you have a link for a graph? The site I usually use for graphs does not recognise the ticker codes.
http://www.stockhouse.com/companies/quote?symbol=cafzf The US ticker doesn't trade nearly as often as the Canadian ticker but in the end their both the same.
Looks as if the CEO of CAF has already established himself in South Africa's realm of black empowerment. He started a company a few years ago called Sewa Coti, as per his LinkedIn: Sewa Coti is an African-focused consultancy specialising in due diligence, project management, strategy, as well as B-BBEE legislation in South Africa. So what that tells me is that with pretty much 100% certainty we will get a deal done, established Canaf with government contracts and shouldn't have any issue diversifying. This guy is smart, he has paved the road to growing this company far beyond where it's currently at. From CAF's last MD&A: The Corporation also remains focused on completing a Broad-Based Black Economic Empowerment (“B-BBEE”) transaction for Southern Coal, by mid-June 2018. The B-BBEE is a form of economic empowerment initiated by the South African government with the goal to distribute wealth across as broad a spectrum of previously disadvantaged South African society as possible. A new partner has been identified and initial terms of the agreement, which will remain much the same as the previously agreed transaction, will most probably be announced by the end of April 2018. The Corporation remains confident that it will achieve its B-BBEE goals during the current fiscal year and we remain optimistic of the opportunities that will arise from such a transaction.
Canaf Group earns $691,115 (U.S.) in six months 2018-06-28 14:56 ET - News Release Mr. Christopher Way reports CANAF ANNOUNCES FINANCIAL RESULTS FOR Q2 2018 Canaf Group Inc. has released its financial statements, and management discussion and analysis for the six-month period ended April 30, 2018. The corporation is pleased to confirm continued positive results for the period in line with expectations. Revenue for the six-month period ended April 30, 2018, increased to $8,698,426 (U.S.), an increase of 34 per cent compared with the same period last fiscal year, which generated a net comprehensive income of $691,115 (U.S.) (2017: $434,934 (U.S.)). For more details and discussion on the results, the financial statements and management discussion and analysis can be viewed on SEDAR or the company's website. About Canaf Group Inc. Canaf is a public company listed on the TSX Venture Exchange. Canaf's head office is in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African-based company that owns 100 per cent of Southern Coal Pty. Ltd., a company that produces a high-carbon, devolatized anthracite. We seek Safe Harbor. © 2018 Canjex Publishing Ltd. All rights reserved.
