PME African Infrastructure Opportunities (PMEA)

Sector:

Financials

$ 0.04
   
  • Change Today:
    $0.00
  • 52 Week High: $0.13
  • 52 Week Low: $0.04
  • Currency: US Dollars
  • Shares Issued: 76.75m
  • Volume: 0
  • Market Cap: $3.07m
  • RiskGrade: 304

PME African losses widen as it seeks to sell Dar-es-Salaam property

By Josh White

Date: Friday 10 May 2019

LONDON (ShareCast) - (Sharecast News) - PME African Infrastructure Opportunities announced its audited results for the year ended 31 December on Friday, with its net asset value falling to $3.7m from $5.2m year-on-year.
The AIM-traded firm said that made for a net asset value per share of 15 US cents, down from 21 cents per share in 2017.

Its loss for the year totalled $1.5m, widening from $0.9m, with basic and diluted losses per share standing at 6.15 cents, compared to 2.41 cents a year earlier.

"The directors will market the sale of the Dar-es-Salaam Property, provided the local economic uncertainty has receded, the caveat has been removed and confirmation that the police investigation has been finalised with no further action being taken," commented chairman Paul Macdonald.

A police investigation into the firm's office property investment in the Tanzanian city was opened in February 2018 by the owners of Dovetel - the company which PME had evicted from the building after acquisition.

"A further and final tender will be proposed once the building has been sold. It is not possible to give a timeline as to when this may take place."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PMEA Market Data

Currency US Dollars
Share Price $ 0.04
Change Today $ 0.00
% Change 0.00 %
52 Week High $0.13
52 Week Low $0.04
Volume 0
Shares Issued 76.75m
Market Cap $3.07m
RiskGrade 304

PMEA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.85% above the market average40.85% above the market average40.85% above the market average40.85% above the market average40.85% above the market average
2.99% above the sector average2.99% above the sector average2.99% above the sector average2.99% above the sector average2.99% above the sector average
Price Trend
89.27% below the market average89.27% below the market average89.27% below the market average89.27% below the market average89.27% below the market average
97.26% below the sector average97.26% below the sector average97.26% below the sector average97.26% below the sector average97.26% below the sector average
Income Not Available
Growth Not Available

PMEA Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ $0.00

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