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16-Nov-2018
(C)
Revenue for the year shot up to USD30.4 million (2017: USD19.3 million) and operating profit grew to USD5.2 million (2017: USD1.2 million). Profit for the year soared to USD3.9 million (2017: USD726 213). Furthermore, headline earnings per share rose to USD11.67 cents per share (2017: USD2.18 cents per share).



Dividend

The directors approved on the 6th September 2018 a dividend of 10.5 cents per share to shareholders which was paid on the 5th October 2018.



Outlook

The economy since the year end has taken a significant down turn as a result of the acute foreign exchange shortage and the market has discounted the (Real Time Gross Transfer Settlement) RTGS bank balances vis-?-vis the value of US dollars.



Until such time as the authorities can put in place a more equitable and stable system of foreign currency allocation it will be difficult to predict the fortunes of either the economy or the company.
28-Sep-2018
(Official Notice)
CAFCA believes it is good corporate governance to publish a trading statement if a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by a meaningful percentage from those of the previous corresponding period .



Accordingly, shareholders are advised that:

Basic earnings per share and headline earnings per share for the year ended 30 September 2018 will be approximately USD10.5 cents per share which is above the USD2.21 cents per share of 2017.



Profitability has been improved by strong local demand and a change in sales mix from aluminium to copper products. The high level of finished goods brought forward from the previous year have also contributed and allowed us to hold our prices throughout the year. The prior year was adversely affected by a volume decrease that resulted in breakeven months until the cost base was significantly reduced ? this cost base has since been maintained



Shareholders are therefore advised to exercise caution in the trading of their CAFCA shares and to be aware that a Dividend has been approved by the Directors and this will be announced shortly.
28-Sep-2018
(Official Notice)
Notice is hereby given that the board declared a dividend of USD10.5 cents per share for the year ended 30 September 2018 payable in respect of all the ordinary shares of the company. The dividend will be payable in full to all shareholders of the company registered at the close of business on 28 September 2018.



Shares currently in issue of 33 059 000 equates therefore to a dividend of USD3 471 195 out of the accumulated profits of USD18 355 780 as at 30 July 2018. Cash resources are forecast to be USD9.5 million as at the year ending 30 September 2018 which will adequately cover both the dividend and the planned capital expenditure of USD5.1 million for the financial year ending 2018/19. The payment date of the dividend will be advised once foreign currency has been secured. A shareholders tax of 10% will be withheld in Zimbabwe.



A further announcement will be made on the rate of exchange of the South African rand.



Zimbabwe is the country of source of income, the dividend is regarded as 'foreign' for the purposes of South African dividend tax.



The shares of the company will be traded cum dividend on the Zimbabwe Stock Exchange up to the market day of 25th September 2018 and ex dividend as from 26th September 2018.



Share certificates may not be dematerialised or rematerialised between Wednesday, 26 September 2018 and Friday, 28 September, both dates inclusive.



Shareholders are requested to submit/update their mailing and banking details with the Transfer Secretaries to enable the payment of their dividends on the following contacts.



Zimbabwean Transfer Secretaries

First Transfer Secretaries (Pvt) Ltd

1 Armagh Avenue

Eastlea

Harare

Telephone: +263 4 782869/72 or 776628/49/59/69/74

Email:info@fts-net.com



South African Transfer Secretaries

Computershare Investor Services

Rosebank Towers

15 Biermann Avenue

Rosebank, 2196 South Africa

Tel: +27 11 688 5248

Email:Charmaine.Jacobs@computershare.co.za
24-May-2018
(C)
Revenue for the interim grew to USD13.3 million (2017: USD9.4 million). Operating profit increased to USD2.5 million (2017: USD327 128). Profit for the period rose to USD1.8 million (2017: USD228 859). In addition, headline earnings per share were USD5.44 cents per share (2017: USD0.70 cents per share).



Dividend

The Board is considering a final dividend and refurbishment program which will be finalized by the year end.



Outlook

We are expecting the second half of the year to be at least in line with the first half provided there are no material changes in the availability of foreign currency. CAFCA will continue to have an obligation to first meet the requirements of the local market with any excess capacity being exported provided we can timeously source raw materials to meet the demands of the export market.

19-Feb-2018
(Official Notice)
Notice is thereby given that the 72nd annual general meeting of the members of CAFCA will be held in the boardroom at the company?s registered office at 54 Lytton Road, Workington, Harare, at 12.00 noon on Thursday 1 March 2018 for the following purposes:

1. To receive and consider the director?s report, audited financial statements and the report of the auditors for the year ended 30 September 2017.

2. To appoint Messrs PricewaterhouseCoopers as auditors for the ensuing year.

3. To approve the audit fees for the year.

4. To approve directors? fees for the year.

5. To re-elect as directors S E Mangwengwende, Mr P W de Villiers and Mr A Mabena.
19-Feb-2018
(Official Notice)
This notice serves to advise that Cafca 2017 audited financials are available on our website: www.cafca.co.zw



16-Nov-2017
(C)
Revenue for the year increased to USD19.3 million (2016: USD18.1 million), operating profit jumped to USD1.2 million (2016: USD757 196), profit for the year rose to USD726 213 (2016: USD418 604), while headline earnings per share grew to USD2.17 cents per share (2016: USD1.25 cents per share).



Dividend

The Directors recommend not paying a dividend during this period of protection as the company is expected to invest in improving its competitiveness.



Outlook

The company is currently benefiting from import protection ? this period of protection must be used wisely to improve our competitiveness by replacing key machines, cost containment and improving process efficiency. Foreign currency is key to maintaining our supply of raw materials and enabling us to replace ageing plant. We also appreciate our responsibility to generate foreign currency through exports and to meet all long term customer needs.
19-May-2017
(C)
Revenue for the interim remained unchanged at USD9.4 million (2016: USD9.4 million). Operating profit increased to USD327 128 (2016: USD307 298). Profit for the period rose to USD228 859 (2016: USD128 420). In addition, headline earnings per share were USD0.69 cents per share (2016: USD0.39 cents per share).



Dividend

The directors have waived the declaring of a dividend in order to benefit from the Reserve Bank of Zimbabwe directive that foreign currency will only be made available to funded bank account holders using the priority list.



Company outlook

The outlook going forward is that we anticipate no major increase or decrease in activity provided foreign currency is timeously made available.





09-Feb-2017
(Official Notice)
This notice serves to advise that Cafca Ltd. 2016 audited financials are available on our website:www.cafca.co.zw

18-Nov-2016
(C)
Revenue for the year dropped to USD18.1 million (USD29.3 million). Operating profit tumbled to USD0.8 million (USD2.4 million). Profit for the year fell to USD0.4 million (USD1.8 million). Furthermore, headline earnings per share took a dip to USD1.25cps (USD5.48cps).



Dividend

The directors do not recommend paying out the cash generated as a dividend at this time due to the need to secure the long term viability of the company against the background of continued increasing uncertainties in the market and the need to finance raw materials as and when foreign exchange is made available.
22-Feb-2016
(Official Notice)
Shareholders are advised that:

Basic earnings per share and headline earnings per share for HI FY 15/16 will be approximately USD0.6 cents per share which is 75% lower than the USD2.59 cents per share of HI FY 14/15.



Profitability has been adversely affected by the anticipated 30% drop in turnover from both a drop in local sales due to lack of liquidity in the market and a drop in export sales due to foreign exchange shortages and devaluation in its primary export markets currencies to the USD.
12-May-2016
(C)
Revenue for the interim period dropped to USD9.5 million (2015: USD14.2 million). Operating profit plummeted to USD307 298 (2015: USD1.1 million). Profit for the period shrunk to USD128 420 (2015: USD849 573). Furthermore, headline earnings per share decreased to USD0.39 cents per share (2015: USD2.59 cents per share).



Dividend

The Directors have waived the declaring of a dividend in order to retain resources for funding working capital, in particular debtors.



Outlook

Sales continue to deteriorate though Cafca's current 6 monthly forecast is that sales will be higher than the last 6 months, however still approximately 30% down against the comparative period last year. To improve viability total monthly costs have been reduced by 30%.
22-Feb-2016
(Official Notice)
Shareholders are advised that: Basic earnings per share and headline earnings per share for HI FY 15/16 will be approximately USD0.6 cents per share which is 75% lower than the USD2.59cents per share of HI FY 14/15.



Profitability has been adversely affected by the anticipated 30% drop in turnover from both a drop in local sales due to lack of liquidity in the market and a drop in export sales due to foreign exchange shortages and devaluation in our primary export markets currencies to the USD.
19-Nov-2015
(C)
Revenue for the year rose to USD29.3 million (USD23.6 million). Operating profit decreased to USD2.4 million (USD2.7 million). Profit for the year dropped to USD1.8 million (USD2.0 million). In addition, headline earnings per share weakened to USD5.40cps (USD6.14cps).



Dividend

In view of the amounts invested in debtors and stock and the uncertainty in the economy the directors are of the view that it would not be prudent to declare a dividend at this time.



Outlook

The outlook for the immediate future is a reduction in the company sales and the consequential production output to 200 tons a month whilst we clear the stock and debtors build up and get the cash back in the bank. Should the economic activity improve locally or in our export markets which are under tremendous pressure from low commodity prices and fluctuating currencies, then we can readily revert to 300 ton capacity.
14-May-2015
(C)
Revenue for the interim period rose to USD14.2 million (USD10.1 million). Operating profit remained constant at USD1.1 million. Profit for the period increased to USD849 573 (USD779 578). In addition, headline earnings per share grew to USD2.59cps (USD2.39cps).



Dividend

The directors have recommended waiving payment of an interim dividend due to the strategic need to finance working capital.
14-Nov-2014
(C)
Revenue decreased to USD23.6 million (USD23.9 million). Operating profit rose to USD2.7 million (US2.1 million). Total comprehensive income increased to USD2 million (USD1.4 million). In addition, headline earnings per share grew to USD6.14cps (4.35cps).



Dividend

There will be need to invest in certain machine capacity to meet the expected growth in 2015.The Directors have therefore recommended waiving payment of a dividend until such time as the investment in machinery is completed.



Prospects

CAFCA are forecasting growth in 2015 mainly due to the anticipated orders from our Holding Company. Our strategy will be to continue our barter recycling deal with ZETDC, to continue our exports to our traditional markets to the North and to export any capacity surplus to the South.
13-May-2014
(C)
Revenue declined to USD10 million (USD12.7 million). Operating profit rose to USD1.1 million (USD0.8 million). Net attributable profit improved to USD0.8 million (USD0.6 million). In addition, headline earnings per share grew to USD2.39cps (USD1.76cps).



Prospects

Until there is an injection of capital into the economy Cafca does not expect any improvement in local sales and will continue to be heavily reliant on the copper recycling project. As the process of recycling becomes more efficient this will release capacity and focus towards increasing exports again.
19-Nov-2013
(C)
Revenue rose to USD23.9 million (USD23.1 million). Operating profit declined to USD2.1 million (USD2.4 million). Total comprehensive income decreased to USD1.4 million (USD1.7 million). In addition, headline earnings per share fell to USD4.34cps (5.13cps).



Outlook

The budget for 2014 has been based on a worst case scenario of no growth due to the tight liquidity being experienced in the overall economy. The focus will continue to be on the copper barter project whilst our strategy of combating imports on price will remain. Should government intervene to assist local manufacturers together with introducing liquidity in the market then there is no doubt we will see growth in the company in 2014.
10-Jan-2013
(C)
Revenue jumped to USD23.1 million (USD18.6 million) and operating profit was greater at USD2.4 million (USD2.0 million). Profit for the period rose to USD1.7 million (USD1.3 million). Furthermore, headline earnings per share shot up to USD5.13cps (USD3.94cps).



Dividend

The directors have again waived the declaration of a dividend as our cash flow priorities are to first eliminate all borrowings and then to invest in upgrading plant.



Outlook

The company intends to maintain borrowings below the current usage until such time as the current uncertainty in the economy improves. Due to uncertainty in the environment, CAFCA is forecasting to at least maintain current throughput for the next twelve months with any downturn in demand being replaced with recycling copper barter deals.
13-Jun-2012
(C)
The financial year end of the company was changed to 30 September to allow coterminous year end consolidation of accounts with those of the majority shareholder, therefore there are no comparable figures. Revenue for the interim period ended 31 March 2012 came in at USD11 million, operating profit was USD1.2 million, while profit for the year was recorded at USD873 086. Furthermore, headline earnings per share was USD3.6cps.



Dividend

The directors have recommended waiving payment of a dividend due to the strategic need to finance debtors and finished goods.



Outlook

Cafca is not anticipating any changes in the short term i.e. liquidity will remain tight and revenue will be curtailed because of enforcing credit terms. Exports currently at 20% of volumes in the last quarter will be grown in the traditional markets whilst assistance will be sought from the major shareholder to access niche markets. Borrowings will be kept to a minimum with any cash generated appropriately invested back into strategic debtors or finished goods inventory.
05-Dec-2011
(C)
Cafca had a change of year end to 30 September to make the reporting period coterminous with that of the parent company. Revenue for the nine months to September 2011 amounted to USD18.6 million, while operating profit was recorded at USD2 million. Profit for the year was at USD1.3 million. Headline earnings per share amounted to US4cps.



Dividend

The directors have again waived the declaration of a dividend as our cash flow priorities are to first eliminate all borrowings and then to invest in upgrading plant.



Outlook

Cafca intend to maintain borrowings below the current usage until such time as the current uncertainty in the economy improves. Due to uncertainty in the environment, the company are forecasting to at least maintain current throughput for the next twelve months with any downturn in demand being replaced with recycling copper barter deals.
14-Sep-2011
(Permanent)
The financial year end of the company has been changed to 30 September to allow coterminous year end consolidation of accounts with those of the majority shareholder.
14-Sep-2011
(C)
Revenue improved drastically to USD11.2 million (USD6.6 million) and operating profit doubled to USD1.1 million (USD525 000). Profit for the year increased enormously to USD754 000 (USD290 000), while headline earnings per share rose hugely to USD2.31cps (USD0.9cps).



Dividend

No dividend has been declared for the period under review.



Outlook and change in year-end

The financial year end of the company has been changed to 30 September to allow coterminous year end consolidation of our accounts with those of the majority shareholder. The company anticipates anticipate meeting the original nine month budget for profit and will significantly reduce borrowings by 30 September 2011.
02-Mar-2011
(C)
Revenue for the year ended December 2010 more than doubled to USD16.4 million (2009: USD7.3 million). Operating profit rose to USD1.8 million (2009: USD719 804), but total comprehensive income for the year decreased to USD1.2 million (2009: USD1.7 million). Furthermore, basic earnings per share increased to USD3.60cps (2009: USD1.34cps).



Dividend

The directors have recommended waiving the dividend due to the need to finance working capital for the anticipated growth.



Outlook

The company anticipates growth in both volumes and profit this year.
06-Dec-2010
(Permanent)
Cafca changed its reporting currency from ZWD to USD in 2009.
22-Nov-2010
(Permanent)
Bicc Cafca Ltd. was renamed to CAFCA Ltd. on Monday, 22 November 2010.
01 Nov 2010 09:38:28
(Official Notice)
Shareholders approved the change the name from BICC CAFCA Ltd to CAFCA Ltd at a meeting held on 19 June 2001.The legal requirements were completed in 2003 and the notice to this effect was published on the 9th May 2003. The approval from the Zimbabwe Registrar of Companies remained outstanding and this was received in April 2010. In order that shareholders may receive share certificates bearing the name of CAFCA Ltd, they are requested to surrender their old certificates to the transfer secretaries. A form of surrender which is enclosed with this notification must be sent with the relevant documents of title. Replacement share certificate will be posted by registered mail at the risk of the addressee on or about Friday, 3 December 2010 in respect of old share certificates received on or before 12:00 hours on Friday, 26 November 2010, or within five business days of receipt if received thereafter. Additional copies of the form of surrender are available on request from the transfer secretaries.



A new certificate will not be dispatched to a holder before that holder has surrendered the relevant certificate of title in respect of shares held by him/her, provided that if any holder produces evidence to the satisfaction of the company that the certificate in respect of any shares has been lost or destroyed, the company may dispense with the surrender of such certificate against the provision of an indemnity acceptable to the company. No receipt will be issued in respect of documents of title which have been surrendered unless specifically requested. In terms of the JSE Listings Requirements, approval has been granted by the JSE for the following share code: CAC and ISIN:ZW0009011942.



Timetable

The salient dates in respect of the name change are as follows:

*Circular to shareholders posted -- Monday, 1 November 2010

*Announcement released on SENS -- Monday, 1 November 2010

*Last day to trade in the name of BICC CAFCA Ltd -- Friday, 19 November Monday, 22 November 2010

*Shares commence trading on the JSE in the new name of CAFCA Ltd under the JSE code CAC and abbreviated name CAFCA and ISIN ZW0009011942 -- Monday, 22 November 2010

*Record date -- Friday, 26 November 2010
01 Nov 2010 07:54:06
(Official Notice)
Shareholders approved to change the name from BICC CAFCA Ltd to CAFCA Ltd at a meeting held on 19 June 2001.The legal requirements were completed in 2003 and the notice to this effect was published on the 9th May 2003. The approval from the Zimbabwe Registrar of Companies remained outstanding and this was received in April 2010. In order that shareholders may receive share certificates bearing the name of CAFCA Ltd, they are requested to surrender their old certificates to the transfer secretaries. A form of surrender which is enclosed with this notification must be sent with the relevant documents of title.



Replacement share certificate will be posted by registered mail at the risk of the addressee on or about Friday, 3 December 2010 in respect of old share certificates received on or before 12:00 hours on Friday, 26 November 2010, or within five business days of receipt if received thereafter. Additional copies of the form of surrender are available on request from the transfer secretaries. A new certificate will not be dispatched to a holder before that holder has surrendered the relevant certificate of title in respect of shares held by him/her, provided that if any holder produces evidence to the satisfaction of the company that the certificate in respect of any shares has been lost or destroyed, the company may dispense with the surrender of such certificate against the provision of an indemnity acceptable to the company. No receipt will be issued in respect of documents of title which have been surrendered unless specifically requested.



In terms of the JSE Listings Requirements, approval has been granted by the JSE for the following share code: CAC and ISIN: ZW0009011942 The salient dates in respect of the name change are as follows: Date: 01/11/2010 07:05:01 Produced by the JSE SENS Department.
23 Sep 2010 11:34:32
(C)
Sales amounted to USD6.6 million (June 2009: USD1.9 million) for the six months to June 2010. Operating profit rose to USD524 725 (June 2009: USD145 296), and basic earnings per share increased to US0.90cps (June 2009: USD0.3cps).



Dividend

No dividend has been declared.



Outlook

Year to date performance is below budget but the company still anticipate meeting the budget by year end.
18 Mar 2010 13:10:08
(C)
Bicaf released amended financial results for the year ended 31 December 2009.
12 Mar 2010 09:06:43
(C)
Revenue increased to USD7 289 million in 2009. Operating profit increased to USD719 million. Profit for the year increased to USD431 million. Headline earnings on a per share basis increased to USD1.34cps.



Dividends per share

No final dividend was declared for the period under review.









25 Sep 2009 12:04:39
(C)
Sales amounted to USD1.9 million for the six months to June 2009. An operating profit of USD145 296 was recorded and profit after tax came to almost USD0.1 million. In addition, headline earnings on a per share basis was USD0.3cps.



Dividend

No dividend has been declared.
11 Jun 2009 08:28:50
(Official Notice)
The JSE Ltd ("JSE") advised that the audit opinion on Bicaf's annual financial statements for the year ended 28 February 2009 contains both an adverse audit opinion and an "emphasis of matter". Shareholders are advised to refer to the financial statements to ascertain the exact nature of the adverse opinion and emphasis of matter. Accordingly, the company's listing on the JSE TRADELECT system will be annotated with both an "A" and an "E" to indicate the adverse opinion and emphasis of matter. The annotations will be removed when the company's auditor's report no longer contains an adverse audit opinion and an emphasis of matter.
30 Mar 2009 10:50:46
(C)
Revenue decreased from ZWD66 707 766 762 000 trillion to ZWD3 322 655 000 trillion in 2008.Operating profit decreased to ZWD1 712 121 000 trillion (2007:ZWD9 984 774 538 000 trillion). Profit attributable to ordinary shareholders decreased to ZWD1 395 731 000 trillion (ZWD7 385 279 879 000 trillion). Headline earnings on a per share basis decreased to 43 253 008 00cps (22 886 609 064.32cps).



Dividends per share

No final dividend was declared for the period under review.

02 Oct 2008 14:27:20
(C)
Turnover was down 61% to ZWD12.3 quadrillion (ZWD31.5 quadrillion). Operating profit was ZWD4.5 quadrillion (ZWD406 trillion) and net profit attributable to ordinary shareholders more than doubled to ZWD7.3 quadrillion (ZWD2.6 quadrillion). In addition, headline earnings grew to ZWD227.5 million per share (ZWD81.7 million per share).



Dividend

No dividend has been declared.
28-Mar-2008
(Permanent)
2007 and 2006 financial statements are prepared on an inflation-adjusted basis. The comparative figures for the previous periods are not comparable.
05 Mar 2008 15:16:11
(C)
The financial statements are prepared on an inflation adjusted basis,in accordance with International Accounting Standard 29.The historical figures are appropriately adjusted and restated to reflect the changes in the general purchasing power of the Zimbabwe dollar. The comparative figures for the previous period have been similarly restated.



Inflation adjusted sales volume increased by 122%. The group reported an operating profit of ZWD3.3 trillion (ZWD1.5 trillion) with headline earnings per share of ZWD77 295.
18-Feb-2015
(X)
CAFCA Ltd. (?CAFCA?) manufactures and supplies cable and allied products for the transmission and distribution of electrical energy and information primarily in Southern and Central Africa. The company manufactures over 900 cabling products including 11kV XLPE cables all to British, South African and Zimbabwe quality standards.



CAFCA offers a toll manufacturing option to all its customers who can access key raw materials such as copper and aluminium, which are converted at the cost of value addition.



The company also recovers decommissioned cables for recycling that can be exchanged for other products within its manufacturing range.


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