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Canaf Investments Inc V.CAF

Alternate Symbol(s):  CAFZF

Canaf Investments Inc. is focused on investing in diverse sectors in South Africa. The Company owns 100% of Quantum Screening and Crushing (Pty) Ltd., (Quantum), a South African company that owns 70% of Southern Coal (Pty) Ltd., (Southern Coal), a company that produces a high carbon, de-volatized (calcined) anthracite. It also owns 100% of Canaf Investments (Pty) Ltd., a South African holding company that owns 100% of Canaf Estate Holdings (Pty) Ltd., 100% of Canaf Agri (Pty) Ltd., and 100% of Canaf Capital (Pty) Ltd. Southern Coal processes anthracite coal into de-volatized anthracite (calcined anthracite) for sale mostly to steel and ferromanganese manufacturers as a substitute product for coke. Canaf Estate Holdings (Pty) Ltd. is a property investment company focused on acquiring, redeveloping and renting properties primarily within the suburbs of the old Johannesburg CBD. Canaf Agri (Pty) Ltd. is exploring investment opportunities in the agriculture sector in South Africa.


TSXV:CAF - Post by User

Post by Fansseon Feb 28, 2023 8:41am
320 Views
Post# 35309090

Best fiscal performance + CAD 0.10$ in net cash equi.

Best fiscal performance + CAD 0.10$ in net cash equi.

Excellent fiscal 2022 performance - A record sales, net income, and EPS level. (0.022 USD or 0.0293 CAD at fx of 1.33). 

Book value of CAD $0.147. 

Net cash equivalents of CAD $0.10. (Cash + AR + Due from non controlling interest - Liabilities)

The business is criminally undervalued at CAD $0.105 per share just from an operating standpoint (60% to 100% upside imo) but the ongoing claim could also be a gamechanger ($10M USD claim) 

'Following the filing of the respective parties’ witness statements. Witnesses for both the Canaf and KML were crossexamined and later re-examined by Counsel. The Tribunal thereafter set out a timetable for the filing of Written Submissions. Canaf will start and has been directed to file and serve its Written Submissions on or by the 28th February 2023. KML shall then file and serve its Written Submissions in Reply on or by the 28th March 2023. Canaf may file its Written Submissions in Rejoinder on or by 11th April 2023. The Tribunal has set the 11th May 2023 as the date for delivery of the Award. If the Award is partial, the Tribunal and the parties shall meet on a date to be agreed to set timelines for the determination of the remaining issues in the Arbitration.'










 

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