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Old 02-18-2014, 09:56 AM   Nav to Top  #1
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Money CAF.V - Canaf Group

CAF Annual MD&A / Financial Highlights

Financials as of October 31st 2013 (Year End)

Cash: $1,313,730
Receivables: $1,839,196
Inventories: $376,770
Prepaid Expenses: $33,459

Property & Equipment: $578,068

Total Assets: $ 4,141,224


Liabilities: $2,375,117 ( All Payables)
Bank Debt: $0 (Paid off in 2013)

2013 Total Sales: $ 14,969,633
Cost of Sales: $13,342,532
Gross Profit: $1,627,101

Expenses: $463,202

Net Income(After Tax) $838,537

Earnings per share after 4 positive quarters:

$838,537(net) / 47,426,196(common shares = $0.0176 EPS for 2013

CAF.V Should be trading at a 10-15 Times multiple if it is compared
similar net growth earners NCI.V, IWG.V and PHO.V. which all
took off in 2013.




MD&A Highlights:

DESCRIPTION OF BUSINESS

Canaf Group Inc., (the “Company”) is incorporated in the Province of Alberta and wholly owns a company in South Africa, Quantum Screening and Crushing (Proprietary) Limited (“Quantum”). Quantum processes anthracite coal into de-volatised (calcined) anthracite for sale mostly to steel and ferromanganese manufacturers as a substitute product for coke.


OVERALL PERFORMANCE AND OUTLOOK

The results for the year to October 31, 2013, reflect a continued improvement in the operating and financial performance of the company. The Company recorded record revenues of $14,969,633, a 37.6% increase over the prior year, despite a challenging external environment for the resources sector as a whole. The Company also recorded record profits and our net income after tax was up 256% over the previous year to $838,537; our gross margin also improved to 10.9%

During the past year, the management focused on driving up sales and increasing margins, and the Company is pleased to that this is reflected in the results. The Company significantly invested in its kilns by replacing an entire section of one kiln and replacing a rider ring, expenses that were written off in the year as maintenance and were funded through working capital. Total maintenance cost for the year was, $585,145, an increase of $362,071 compared to the previous year. As well as continuing to focus on maintaining positive free cash flow from Quantum, the Company is actively looking to expand into related businesses within the reluctant and anthracite market in South Africa through potential investments in existing operations and anthracite mines.

The Company remains confident that orders for its product of calcined anthracite will now remain strong, and the Company continues to receive strong interest in its product. The Company is now looking to widen its customer base and expects to send out two to three trial loads to new customers during the first quarter of the next fiscal year.

Calcined anthracite is considered as a more secure source of reductant as industries in South Africa become concerned at the future availability of coke. Over the past few years, high-quality anthracites, and calcined anthracite have gained more interest as a replacement to the more expensive reluctant, coke, in the sintering and smelting industries.
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Old 02-18-2014, 09:58 AM   Nav to Top  #2
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Symbol C : CAF
Shares Issued 47,426,195
Close 2014-02-10 C$ 0.07
Recent Sedar Documents

View Original Document
Canaf earns $840,000 (U.S.) in fiscal 2013


2014-02-17 15:28 MT - News Release


Mr. Christopher Way reports

CANAF ANNOUNCES FINANCIAL RESULTS FOR YEAR ENDED 31 OCTOBER 2013

Canaf Group Inc. has released its financial statements and management's discussion and analysis for the 12 months ended Oct. 31, 2013. (All reference to dollars herein are to U.S. dollars.)

During the fiscal year 2013, the company recorded its highest revenue and profits since being incorporated, as sales tones increased to record levels.

Revenue increased 37.6 per cent to $15.0-million from $10.9-million the previous year, despite the relative and significant weakening of the South African rand. Net profit after tax and non-recurring items increased to $840,000 (2012, a profit of $330,000).

As well as continuing to focus on growing positive free cash flow, the company is actively looking to expand into related businesses within the anthracite and coke market in South Africa, through potential investments in existing operations and anthracite mines.

The financial statements and management's discussion and analysis can be viewed on SEDAR or the company's website.

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd. All rights reserved.
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Old 03-07-2014, 10:08 AM   Nav to Top  #3
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Q1 is going to be coming out in a couple weeks, likely another growth quarter. With bids stacking still this play should be more lively in Q2. Level 2 below.

Level 2
Orders/Shares Price Price Shares/Orders
1 / 5000 0.08 0.1 25000 / 2
6 / 338000 0.075 0.105 19000 / 3
3 / 102000 0.07 0.11 54000 / 1
2 / 50000 0.065 0.125 1000 / 1
1 / 8000 0.055 0.135 90000 / 3
1 / 40000 0.05 0.15 42000 / 2
1 / 20000 0.045 0.175 10000 / 1
1 / 1000 0.03 0.18 10000 / 1
1 / 100000 0.02 0.19 42000 / 1
2 / 120000 0.015 0.25 10000 / 1
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Old 03-14-2014, 11:06 AM   Nav to Top  #4
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Canaf Group Inc
Symbol C : CAF
Shares Issued 47,426,195
Close 2014-03-07 C$ 0.075
Recent Sedar Documents
View Original Document
Canaf Group earns $160,000 (U.S.) in fiscal Q1 2014


2014-03-14 10:58 ET - News Release


Mr. Christopher Way reports

CANAF ANNOUNCES FINANCIAL RESULTS FOR YEAR ENDED 31 JANUARY 2014

Canaf Group Inc. has released its financial statements, and management discussion and analysis for the three months ended Jan. 31, 2014.

Revenue for the three-month period revenue increased 7% to $3,254,723 from $3,031,276 for the same quarter the previous year. Net Profit After Tax and Non-Recurring items decreased to $0.16 million (2013, a profit of $0.17 million). During the quarter the South African Rand again saw its value depreciate against the USD.

During the quarter, the Company agreed terms to supply trial loads to two new customers, one of which was dispatched in March 2014. The outcome from the trials should be known by the end of April 2014, and the Company is hopeful that it will further expand its customer base, subsequently reducing its dependence on existing customers.

The Company can also confirm that the blast furnace reline works scheduled for ArcelorMittal's Newcastle facility have been approved. Work will commence in May 2014 and last for approximately 4 months. The Company is confident that any sales lost due to the shutdown will be re-allocated, either to existing or new customers. The Company sees the investment at ArcelorMittal's Newcastle facility as positive investment and expects the long- term demand for its product to increase above existing levels once the facility has been re-commissioned in September 2014.

As well as continuing to focus on growing positive free cash flow the Company is actively looking to expand into related businesses within the anthracite and coke market in South Africa, through potential investments in existing operations and anthracite mines.

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd. All rights reserved.
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Old 03-14-2014, 11:33 AM   Nav to Top  #5
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CAF.V Price: $0.08
Shares Out: Just under 47.5 Million
2013 Earnings(Net): $840,000 which is $0.0177c EPS.

Q1 2013 Earnings: $171,930
Q2 2013 Earnings: $163,637
Q3 2013 Earnings: $362,486
Q4 2013 Earnings: $140,484
Q1 2014 Earnings: $161,392

As per January 31 2014, Q1 MD&A and Financial Highlights:

Assets:

Cash: $777,871
Receivables: $1,254,900
Tax Receivables: $2,863
Inventory: $381,452
Prepaid Expenses: $40,393
Property, Plant & Equ: $504,492

Total Assets: $2,956,972

Liabilities:

Debenture: $150,000
Bank Loan: $16,564
Payables(Total): $1,094,482
Deferred Tax: $48,171

Total Debt and liabilities: $1,309,217

OVERALL PERFORMANCE AND OUTLOOK


The financial results for the last quarter ended January 31, 2014 reflect a 15% increase in net profit to $161,392, in comparison to the previous quarter. Revenue decreased 25% to $3,254,723.

During the quarter, the company invested approximately $17,000 by purchasing a new pick-up truck for its site operations. The Company also, agreed terms to supply trial loads of material to two new potential customers. Trials commenced during February and March 2014 and the outcome should be known by April and May this year.

The Company can also confirm that the blast furnace reline works scheduled for ArcelorMittal’s Newcastle facility has been approved. Work will commence in May 2014 and last for approximately 4 months. The Company is confidant that any sales lost due to the shutdown will be re-allocated, either to existing or new customers. The Company sees the investment at ArcelorMittal’s Newcastle facility as positive investment and expects the long-term demand for its product to increase above existing levels once the facility has been re-commissioned in September 2014.

As well as continuing to focus on maintaining positive free cash flow from Quantum, the Company is actively looking to expand into related businesses within the reductant and anthracite market in South Africa through potential investments in existing operations and anthracite mines.

The Company remains confident that orders for its product of calcined anthracite will remain strong, and the Company continues to receive strong interest in its product, as proven by the recent trial loads supplied to two new companies.

Calcined anthracite is considered as a more secure source of reductant as industries in South Africa become concerned at the future availability of coke. Over the past few years, high-quality anthracites, and calcined anthracite have gained more interest as a replacement to the more expensive reductant, coke, in the sintering and smelting industries.

Update on Ugandan Case against Kilembe Mines Limited

In August 2006, Canaf, then known as Uganda Gold Mining, announced the termination of any further investment into its Kilembe Copper-Cobalt Project in Uganda. Since 2007, the Company has been involved in a legal dispute with Kilembe Mines Limited, (“KML”), and in April 2009, successfully won an injunction preventing the sale and privatisation of the Kilembe Copper-Cobalt Project by the Government of Uganda. In January 2013, the high court of Uganda referred the case back to arbitration for settlement.

On May 29, 2013, a preliminary meeting was held between the Company, KML and the arbitrator. The Company can confirm that further meetings were scheduled for August 2013, after filings of amended statements of defense and claims had been submitted. Since the initial meeting however, and the recent award of a deal to a Chinese Consortium to manage and operate KML, the Company’s appointed Ugandan advocates are now seeking though the High Court of Uganda, for KML to ensure that assets and funds, sufficient to settle the Company’s claim against KML, are set aside before the disposal of KML; this is not to say that Canaf has settled with KML but is merely to
ensure that sufficient funds and assets are set aside by KML to settle with Canaf, should the arbitration be awarded in favor of the Company. During the year, the Company appointed SRK Consultants to prepare a brief document to quantify the ‘lost opportunity’ value of the termination of the Kilembe Project. During the next financial year the
Company will utilize this document to assist in the submission of a revised claim against KML.

The Company continues to pursue its claim in Uganda vigorously, however at this stage the Company is unable to give an indication of either the quantum or any likely date by which a settlement will be reached. The original claim, before costs, is for a money sum of US$10,370,368 as at the 24th January 2007. As much as a favorable award in arbitration would significantly benefit the Company, the Company continues to plan for expansion based on its cash generating operation in South Africa alone.

Level 2
Orders/Shares Price Price Shares/Orders
1 / 125000 0.08 0.095 5000 / 1
4 / 155000 0.075 0.1 25000 / 2
4 / 107000 0.07 0.105 12000 / 2
2 / 50000 0.065 0.11 54000 / 1
1 / 1000 0.03 0.125 1000 / 1
1 / 100000 0.02 0.135 90000 / 3
2 / 120000 0.015 0.15 42000 / 2
1 / 200000 0.01 0.175 10000 / 1
-- / -- -- 0.18 10000 / 1
-- / -- -- 0.19 42000 / 1

Last edited by JonnyR512; 03-14-2014 at 11:36 AM.. Reason: Forgot to add level 2
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Old 05-06-2014, 06:55 PM   Nav to Top  #6
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Found another great due diligence about CAF.V on QIS Capital. Only difference is that this DD was done just over a year ago. But after reading it, goes to show that the company has kept growing year after year even in these hard times. Also mentions how insiders are not allowed to buy shares at this time given a lawsuit against the Ugandan government, which could add $15 million to Canaf's books.

I have posted the link and DD below.

Since the report below, CAF has added $1 million dollars in net profits to the books, with 4/4 quarters since then being profitable. Some other costs have changed but it's roughly
all the same. But were still trading at the same price which makes no sense whatsoever.

The CEO did pickup some shares in a private transaction back in March, but I still don't think they are allowed to buy on the open market

As of 11:59pm ET May 5th, 2014
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Mar 4/14 Feb 27/14 Way, Christopher Robert Direct Ownership Common Shares 11 - Acquisition carried out privately 845,007


Displaying thread: 'CANAF GROUP (CAF.v) – bottom fishing opportunity? '

CANAF GROUP (CAF.v) : Q1 summary and accounting metrics


•Profitable in 11 of the 13 latest quarters ( both unprofitable quarters were due to one-time non-recurring events )
•Quantum subsidiary has operated profitably for the past 9 years.
•Working capital = +$778,418 (+.016$/share)
•Long term debt only $38,980
•Gross margin(material + labour) 32 to 42%; net margin in Q1 = 6.5%
•Trailing 12 months net earnings = $392,015 (+.01$/share); EBITDA = $ 847,911
•2013 Q1 net earnings = $171,910; EBITDA = $278,909
•Trailing 12 month PE ratio = 7.3x ( 5.3x if we discount working capital )
•Trailing 12 months revs = $11,512,036 (increase expected with Billiton long term sales agreement)
•Current Market cap. @ .06$/share = $2,845,571
•Price/sales ratio roughly 0.3x
•Depreciated Book value = $1,270,050 (no goodwill/intangibles, hard assets)


OTHER INVESTMENT INFORMATION


•Recurring sales from (2) world class customers (ArcelorMittal and BHP Billiton)
•No provision for doubtful account required
•Simple transformation process requiring no R&D expenditures or technological upgrade
•No sales and marketing expenses required; management handle the recurring sales and growth initiatives
•No write-offs foreseen, no goodwill and intangibles on the books
•The company has 2 kilns but is restricted due to electricity quota; second kiln could unlock an additional 12M$ of revenues, or more if product is blended
•Long term sales agreement with BHP Billiton (August 2015); verbal long term agreement with ArcelorMittal
•Long term supply agreement (raw material) signed with Springlake Colliery
•(30) employees spread over (3) shifts
•Management salaries are reasonable; G&A is monitored diligently
•Canaf market cap is under 3 millions dollars($.06 share price); no long term debt
•Canaf progressively acquired 100% of Quantum in 2007 for $4,560,067; profitable in past (9)years
•Last financing in 2007, convertible at 25 cents; traded at 48 cents in 2005
•Canaf received a 0.20$/share (9M$) takeover offer from Anglo-African Minerals in march 2010 (Canaf Group Inc. - News Releases - Canaf to sell African operations to Anglo-African Minerals plc for $9 million. - Tue May 6, 2014 ).
•Lawsuit against Kilembe could inject as much as $15M ($.0.32/share); arbitration decision expected in 2013; advocate are on a no win no fee contract
•Cash from lawsuit could expedite expansion projects, or trigger a share buyback
•Lawsuit currently curtails insider transactions
Undervalued based on mathematics and accounting metrics


15M$ LAWSUIT AGAINST THE UGANDA GOV.


Update on Ugandan Case against Kilembe Mines Limited (from Q1 2013 MD&A)

In August 2006, the Company announced the termination of any further investment into its Kilembe Copper-Cobalt Project in Uganda, due to a land ownership dispute with Kilembe Mines Limited. Since 2007, the Company has been involved in a legal dispute with Kilembe Mines Limited.

The Matter was referred to the high court, which in January 2013, referred it back to arbitration. Discussions between the parties are at an advanced stage with an arbitrator, and Canaf is hopeful that a financial settlement will be agreed, or otherwise the arbitrator will make an award, during the fiscal year end 31 October 2013. It is not possible at this stage to give an indication of either the quantum or any likely date by which a settlement will be reached, notwithstanding that Canaf hopes that the eventual outcome will be a positive one for its shareholders.

Note: All legal representation for the litigation and negotiations has been conducted by a Ugandan advocates practice on a no-win no-fee agreement with Canaf Group. The substantial amount from this settlement will enable the company to tackle several growth projects with expected material impact on the stock price.


CONTACT INFO

Christopher Way, CEO Phone: +44 1273 492100 Fax: +44 1273 492175
WEBSITE: Document Moved
EMAIL: info@canafgroup.com

Coordinates of Canaf Plant (can be seen visually in Google Maps)
Quantum Crushing & ScreeningPlant, Ballengeigh: 27°53'29.36"S, 29°58'5.60"E
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Old 05-07-2014, 10:13 AM   Nav to Top  #7
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CAF Insider/Institutional Holdings List. Total common shares held is 13,985,328 or 29.5% of total shares. Given the company's constant growth, I can easily see a share buyback occuring sooner than later, and with only 47.5 million shares outstanding, that mean we can only go up.

nsider Information by Issuer - View Results

Issuer name : canaf ( Starts with )




Legend:
Insider's Relationship to Issuer: 1 - Issuer, 2 - Subsidiary of Issuer, 3 - 10% Security Holder of Issuer, 4 - Director of Issuer, 5 - Senior Officer of Issuer, 6 - Director or Senior Officer of 10% Security Holder, 7 - Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6), 8 - Deemed Insider - 6 Months before becoming Insider.



Issuer Name:
Canaf Group Inc.


Date of Last Reported
Transaction(YYYY-MM-DD)
Security
Designation
Registered
Holder
Closing Balance
Insider's calculated balance
Closing balance of equivalent number
or value of underlying securities


Insider Name:
Barclay, Richard John Hargrave

Insider Relationship:
4 - Director of Issuer, 5 - Senior Officer of Issuer

Ceased to be Insider:
2006-09-19



2006-02-23
Common Shares

150,000





2005-03-28
Options (Common Shares)

200,000

200,000



2006-02-23
Warrants (Common Shares)

150,000

150,000







Insider Name:
Beaton, Allan Joseph

Insider Relationship:
4 - Director of Issuer, 5 - Senior Officer of Issuer

Ceased to be Insider:
Not Applicable



2002-12-04
Common Shares

1,163,333





2004-06-02
Options (Common Shares)

240,000

240,000







Insider Name:
Beley, Michael John

Insider Relationship:
4 - Director of Issuer

Ceased to be Insider:
2006-09-19



2005-05-16
Common Shares

50,000





2005-05-16
Options (Common Shares)

200,000

200,000



2005-05-16
Warrants (Common Shares)

50,000

50,000







Insider Name:
Corrigan, Kevin

Insider Relationship:
4 - Director of Issuer

Ceased to be Insider:
Not Applicable



2013-09-11
Common Shares

1,673,272









Insider Name:
Hopley, Mike

Insider Relationship:
4 - Director of Issuer

Ceased to be Insider:
Not Applicable



2008-05-05
Common Shares
Horse & Country Settlement
166,037





2008-05-05
Options (Common Shares)

300,000

300,000







Insider Name:
Jefferson, Brad David

Insider Relationship:
4 - Director of Issuer

Ceased to be Insider:
Not Applicable



2007-04-16
Common Shares

943,833





2007-04-16
Options (Common Shares)

700,000

864,700







Insider Name:
Livgard, Egil

Insider Relationship:
4 - Director of Issuer

Ceased to be Insider:
Not Applicable



2004-03-30
Common Shares

107,000
107,000




2004-06-02
Options (Common Shares)

200,000

200,000







Insider Name:
Purkis, John Harold

Insider Relationship:
5 - Senior Officer of Issuer

Ceased to be Insider:
2006-12-15



2006-11-21
Common Shares

0





2006-04-07
Common Shares
Opus Mining Limited
220,000





2006-02-24
Warrants (Common Shares)
Opus Mining Limited
120,000

120,000







Insider Name:
Skeith, Donald Richard

Insider Relationship:
5 - Senior Officer of Issuer

Ceased to be Insider:
Not Applicable



2007-03-05
Common Shares

20,000





2007-03-05
Options (Common Shares)

20,000

20,000







Insider Name:
Way, Christopher Robert

Insider Relationship:
4 - Director of Issuer, 5 - Senior Officer of Issuer

Ceased to be Insider:
Not Applicable



2014-02-27
Common Shares

1,055,907





2013-09-10
Common Shares
BODOM INVESTMENTS LIMITED
3,556,800









Insider Name:
Way, David

Insider Relationship:
4 - Director of Issuer

Ceased to be Insider:
Not Applicable



2008-05-05
Common Shares

3,215,000





2008-05-05
Common Shares
Horse & Country Settlement
664,146





2008-05-05
Common Shares
Lonya Minerals Limited
1,000,000





2008-05-05
Options (Common Shares)

500,000

500,000
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Old 05-07-2014, 02:41 PM   Nav to Top  #8
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Level 2
Orders/Shares Price Price Shares/Orders
5 / 90000 0.06 0.08 89000 / 2
3 / 69000 0.055 0.09 15000 / 1
1 / 6000 0.05 0.095 5000 / 1
2 / 120000 0.045 0.115 10000 / 1
1 / 6000 0.04 0.125 1000 / 1
1 / 40000 0.025 0.145 30000 / 2
1 / 100000 0.02 0.15 5000 / 1
1 / 100000 0.015 0.175 10000 / 1
1 / 200000 0.01 0.18 10000 / 1
-- / -- -- 0.2 6000 / 1
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Old 05-07-2014, 04:38 PM   Nav to Top  #9
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RBC report on Canaf Group Inc. CAF.V


Though CAF has outperformed its Coal peers over the past year, over the last three months it has lagged behind its peers.
COMPANY DESCRIPTION
Canaf Group Inc. is a junior mining resource company. The Company produces calcined anthracite, a product used as a substitute to coke in the manufacturing process of steel and manganese. The Company owns 100% of Quantum Screening and Crushing (Proprietary) Limited. Quantum processes anthracite coal using a method called calcining. Calcining is a process whereby the feedstock material is fed through a rotary kiln (at temperatures between 1,000 and 1,200 degrees centigrade) and de-volatilisation takes place - sulphur content is lowered and gases such as nitrogen are burnt off. Quantum is situated in Newcastle, KwaZulu Natal, in the South African Midlands. Quantum has two independent kilns, which include the Pre-heaters and the Main Rotary Kilns.

Where will CAF’s stock price be in a year?
Investors fix targets for most stocks by estimating future earnings per share and then applying a price-to-earnings multiple, also known as the P/E ratio. High and low price targets for the next fiscal year are estimated by applying the stock's current P/E multiple to the high and low estimates of the analysts covering the company, respectively.

Net Profit Margin
76%
5.75%
-62,154%
CAF's net profit margin of 5.75% is better than last year. This is particularly noteworthy since the Coal industry's average of -25.06% has declined during the same period.


Earnings per Share Growth (TTM)
121%
50.61%
-3,068%
There is not enough data to complete this analysis.



Sales Growth
2,637%
27.06%
-100%
CAF has been able to gain market share by growing sales in a declining market. This trend continues from the previous year when sales growth at CAF and the Coal industry were 27.06% and -13.14%, respectively.


Income Growth
106%
-42.97%
-1,465%
There was no clear trend in income growth at CAF over the last five years.

Price/Earnings Ratio (TTM)
19.5x
3.7x
3.7x


Return on Equity (TTM)
51%
50.64%
-304%
CAF has the highest ROEs of all companies in the Coal industry. Breaking down the ROE, CAF has a profit margin of 5.75%, an asset turnover of 377.2x and leverage of 1.9x.


Total Debt/Total Capital (MRQ)
41%
0.10%
0%
CAF's debt to total capital ratio, at 10.49%, is in-line with the Coal industry's norm.



Open 0.0650 P/E Ratio (TTM) 3.7x
Last Bid/Size 0.0600 / 90 EPS (TTM) 0.02
Last Ask/Size 0.0800 / 89 Next Earnings --
Previous Close 0.0650 Beta 4.48
Volume 125,000 Last Dividend --
Average Volume 13,201 Dividend Yield --
Day High 0.0650 Ex-Dividend Date --
Day Low 0.0650 Shares Outstanding 47.4M
52 Week High 0.0950 # of Floating Shares 36.54787M
52 Week Low 0.0550 Short Interest as % of Float -


66 ValuationValuation compares the Quantitative Fair Value (QVF) to the actual price of the company. A company with a stock price trading below the QVF is considered relatively inexpensive. If the stock price is greater than the QVF, the company is considered relatively expensive. This means the higher the rating, the greater the buying opportunity.· COUNTRY· 41· SECTOR· 50
54 Quantitative UncertaintyQuantitative Uncertainty describes Morningstar's level of uncertainty about the accuracy of the Quantitative Fair Value. This means the lower the rating, the greater the implied accuracy of the Quantitative Fair Value.· COUNTRY· 22· SECTOR· 38
42 Quantitative MoatThe Quantitative Moat rating is computer-generated assessment of the strength of a firm’s competitive position. This is comparable to Morningstar’s Economic Moat rating. This means the higher the rating, the stronger the firm’s ability to hold off competitors.· COUNTRY· 26· SECTOR· 45
81 Financial HealthThe Financial Health rating is a computed measurement of a company's financial health. Factors considered in the assessment include total outstanding shares, volatility, company's assets & liabilities, and the overall likelihood of a company defaulting on its' debt obligations. This means the higher the rating, the stronger the company's financial health.· COUNTRY· 86· SECTOR· 88
-- MomentumThe Momentum rating reflects Morningstar's assessment of a stock's relative strength over the trailing 12 months. This rating is useful because it indicates how the stock will continue to perform against the market.
MED LiquidityThe Liquidity rating reflects Morningstar’s measurement of how easily company shares can be bought and sold on the market. Morningstar calculates this by using the trailing twelve months of daily volume. A high rating is preferable because it will be easier to complete a transaction.
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Symbol C : CAF
Shares Issued 47,426,195
Close 2014-06-06 C$ 0.06
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Canaf's fiscal Q2 earnings fall to $70,000


2014-06-11 09:23 MT - News Release


Mr. Christopher Way reports

CANAF ANNOUNCES FINANCIAL RESULTS Q2 2014

Canaf Group Inc. has released its financial statements, and management discussion and analysis for the three months ended April 30, 2014.

Revenue for the three-month period revenue decreased to $2,491,792 from $3,454,600 from the same quarter the previous year. Net Profit After Tax and Non-Recurring items decreased to $0.07 million (2013, a profit of $0.16 million). During the quarter the South African Rand again saw its value further depreciate against the USD.

The main cause of the decrease in revenue and net profit was the un-expected breakdown at one of the Company's main customer's manganese facilities. Subsequently, the Company suffered a reduction of approximately 60% of usual demand from that customer, during the quarter.

The Company is however pleased to confirm that sales and demand have returned back to normal levels, which will be represented in the results for the next 3-month period end 31 July, 2014. Furthermore, the surplus production that the Company expected to produce during the scheduled shutdown of ArcelorMittal's Newcastle facility has, so far to date, been re-allocated.

The Company continues to receive new enquiries in its coke replacement product and is confident that the demand will remain strong in the long-term. Subsequently, the Company is actively looking to engage with strategic partners in expanding its existing business.

As well as continuing to focus on growing positive free cash flow the Company is actively looking to expand into related businesses within the anthracite and coke market in South Africa, through potential investments in existing operations and anthracite mines.

The Financial Statements and Management Discussion and Analysis can be viewed on Welcome to the SEDAR Web Site / Bienvenue au Site Web SEDAR or the Company's website, Document Moved. All reference to dollars herein are to US dollars.

About Quantum

Quantum Screening and Crushing (Pty) Ltd's is one of South Africa's largest producers of calcined anthracite, a product primarily used as a replacement to coke in the manufacturing process of steel and manganese. The company's two largest clients are ArcelorMittal and BHP Billiton, world leaders in steel and manganese production respectively. Quantum has a plant in Newcastle, KwaZulu Natal, where its two kilns operate around the clock de-volatising the raw material anthracite. The majority of Quantum's feedstock anthracite is supplied by Springlake Colliery, which has reserves in excess of 15 years and has its coal siding strategically located adjacent to Quantum.

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd. All rights reserved.
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