Cafzf - Canaf Group Inc.

Discussion in 'Penny Stocks' started by Jon Alba, May 17, 2018.

  1. Jon Alba

    Jon Alba Active Member

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    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.
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    Do you have a graph, the ticker code or something we can look at? Sounds potentially interesting.
     
  3. Jon Alba

    Jon Alba Active Member

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    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.
     

    Attached Files:

  4. Jon Alba

    Jon Alba Active Member

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    Tried to post with word, but the site only accepts text files :confused:
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    Do you have a link for a graph? The site I usually use for graphs does not recognise the ticker codes.
     
  6. Jon Alba

    Jon Alba Active Member

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    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.
     
  7. Jon Alba

    Jon Alba Active Member

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    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.
     
  8. Jon Alba

    Jon Alba Active Member

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    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.
     
  9. longtermbull

    longtermbull Administrator Staff Member

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    How has the share price performed of late?
     
  10. Jon Alba

    Jon Alba Active Member

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    On the Canadian side it's quite active, but US side is quiet. Strange how that works.
     

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