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   Microcap & Penny StocksCAF.V - Canaf Group Inc.


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To: JRod77 who wrote (52)3/27/2019 12:20:38 PM
From: JRod77
   of 57
 
Canaf Investments Inc. Q1 2019 Results. Financials + MD&A
Ending January 31st 2019. All information can be found at www.sedar.com

TSXV Symbol: CAF - OCTBB Symbol: CAFZF

Price: $0.09
Common Shares: 47,426,195
Insider Holdings: 12,304,085 or 26% - Majority Owned By CEO & Family
Warrants/Options: 0

Financials (All In US Dollars)

ASSETS (Jan 31 2019)
Cash: $591,414
Trade Receivables: $1,521,001
Sales Tax Receivable: $463
Inventories: $622,443
Prepaid Expenses: $22,965
Property & Equipment: $870,984
Interest Bearing Borrowings: $1,287,458
Intangible: $1
Total Assets: $4,916,729

LIABILITIES
Trade Payables: $745,700
Sales Tax Payable: $37,844
Income Tax Payable: $84,206
Total Liabilities: $867,750

Asset/Debt Ratio: 5.67:1

Q1 2019 Performance
Sales: $2,419,633
Gross Profit: $329,519
Net Income: $187,367
Foreign Currency Gain: $401,214
Total Net Income For Q1: $588,581

2017 Net Income(after currency exchange & taxes): $439,664 USD
2018 Net Income(after currency exchange & taxes): $298,144 USD
2019 Q1 Net Income (after currency exchange & taxes): $588,581 USD
Total Net Income Added In 11 Quarters: $1,326,389 or $1,750,833 based on 1.32 exchange

MD&A Highlights

Whilst the Corporation reports another profitable and financially positive quarter, the board can confirm that it is actively looking for new opportunities that will offer long-term growth potential and stability of sales for shareholders, be it related to its existing anthracite calcining operation in South Africa or another new, and unrelated, sector.
With zero long-term debt, a strong balance sheet, and a cash flow positive business in South Africa, the Corporation believes it is in a good position to do so.

Sales for the first quarter of 2019 were low compared to the previous quarter in 2018 at $2,419,633 (2018: $3,273,213), a 26% decline, however gross profits grew to $329,519, compared with $248,562 in the same quarter in 2018, a 33% increase. Net income for the quarter remained static at $187,367 (2018: $187,126), but increased from $108,996 the previous quarter. Despite sales reducing during the quarter, gross profit margin increased due to discounted feed material being purchased during the period as well as savings made through acquisition of machinery, which subsequently reduced rental costs for the Corporation. The Corporation expects profit margins to reduce next quarter, and remain squeezed throughout the rest of the year, as Southern Coal continues to manage increased input costs.

The Corporation expects revenues to be reduced in comparison to the year ended October 31, 2018, mostly due to global pressure on the steel and manganese markets, which subsequently filters back to demand for Southern Coal’s product. During Q1 2019, the Corporation is pleased to confirm that a trial load of its calcined product was delivered to a new potential, and significant, customer. The Corporation hopes to finalise a second trial during Q2 and Q3, and should this convert to an ongoing supply, the Corporation feels that there is potential to return to the revenue levels of the year ended October 31, 2018.

During Q1 2019, Southern Coal made its final payment for the 14 million Rand loan from ABSA bank, which was drawn down in February 2015. Repayment of this loan now releases Southern Coal from monthly installments of approximately 392,000 Rand (approx. C$37,000 or US$28,000). As of January 2019, the Corporation has zero long-term liabilities.

As part of Southern Coal’s B-BBEE transformation program, Amandla Amakhulu (Pty) Ltd, (“AAM”), a 100% black, privately owned, and ringfenced, company incorporated in South Africa, acquired 30% of the issued shares of Southern Coal, from Canaf’s wholly owned subsidiary, Quantum, for the value of 18 million Rand. The financial effective date for the transaction is 01 August 2018.

Quantum in return received cumulative, redeemable preference shares in AAM in the amount of the purchase price. These preference shares shall provide preferential dividends, until redeemed by AAM. These dividends will be secured by an irrevocable direction from AAM to Southern Coal to pay Quantum such dividends from any distribution to AAM. Dividends were declared during the first quarter of $135,441.52

Expenses for the quarter were $119,276 (2018: $167,892) a reduction of $48,616, 41%, although not separately reported in Q1 of 2018 there are a significant amount of increased costs in relation to BBEEE compared to Q1 ofthis financial year.

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From: JRod774/15/2019 1:10:09 PM
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Canaf Investments registers South African subsidiaries

2019-04-15 10:50 MT - News Release

Mr. Christopher Way reports

CANAF ANNOUNCES NEW SOUTH AFRICAN SUBSIDIARIES

Canaf Investments Inc. has registered new South African subsidiaries as part of its growth and diversification strategy.

Canaf has registered a new wholly owned South African subsidiary, Canaf Investments Pty. Ltd., which wholly owns Canaf Estate Holdings Pty. Ltd.

The new subsidiaries have been registered as part of the corporation's strategy plans, with the intention of creating a diverse corporation focused on sustainable and long-term growth sectors within South Africa. Canaf Investments Pty. will be used to act as a holding company for new South African investment companies.

CEH will be used to invest in properties primarily within the suburbs of the old Johannesburg CBD; an area that is currently benefiting from significant investment and regeneration projects. The corporation sees investment in real estate in these suburban areas as an opportunity to acquire properties that should experience significant capital growth, whilst yielding healthy rental returns. Examples of major projects close to CEH's target area include Jewel City, Maboneng and Victoria Yards, and one of the major funds to invest in the area is Divercity, divercity.co.za.

The vision for CEH is to acquire, redevelop and hold properties targeting the student and affordable housing market, with the goal to purchase enough critical mass to uplift the entire area, thereby growing the capital value of the properties in the area.

The Corporation can also confirm the acquisition of CEH's first investment of approximately $150,000, which is expected to yield a 20-per-cent return when fully occupied. Funding is sourced organically through existing cash reserves and local lenders. Canaf plans to develop further opportunities using similar sources of capital.

About Canaf Investments Inc.

Canaf is a public company listed on the TSX Venture Exchange. Canaf's registered office is in Vancouver, B.C., 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 70 per cent of Southern Coal.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

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From: JRod774/20/2019 6:12:29 PM
   of 57
 
CAF.V 12 Year Performance Chart Image:


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From: JRod777/31/2019 9:15:14 AM
   of 57
 
Two news releases over the last couple days:

Canaf announces share purchases by Mr. Christopher Way

July 29, 2019, Vancouver, British Columbia - Canaf Investments Inc. (TSXV: CAF), ("Canaf" or “the
Corporation”), announces that it has been advised by Mr. Christopher Way of Henfield, West Sussex, the United
Kingdom and the Chief Executive Officer of the Company, that Mr. Way recently has acquired beneficial ownership
and control of 845,007 common shares ("Common Shares") in the capital of Canaf for aggregate consideration of
C$33,800. The Common Shares were acquired by private transaction.

As of today's date, Mr. Way now owns or exercises control or direction over an aggregate of 7,011,714 Common
Shares representing 14.78% of the issued and outstanding Common Shares.

The Common Shares were acquired for investment purposes. Mr. Way may, in the future, increase or decrease his
ownership of securities of Canaf, directly or indirectly, from time to time depending upon the business and prospects
of Canaf and future market conditions.

Jul 30, 2019, Vancouver, British Columbia - Canaf Investments Inc., formerly known as Canaf Group Inc.,
(TSXV: CAF), ("Canaf") the Canada-registered corporation, is pleased to announce the appointment of Mr Peter
Wassenaar as a Director of Canaf effective today.

Peter is a practicing attorney based in Pretoria, South Africa. After having obtained his LLB degree from the
University of Pretoria in 2009, he became a founding member and director of the law firm Kriek Wassenaar and
Venter Inc in 2012, after being admitted as an attorney of the High Court. Peter’s work as attorney is focused on
company law, commercial transactions, contract and constitutional law. He is also a qualified litigation attorney
serving as counsel to numerous corporations and non-profits in South Africa.

Peter’s expertise will be of great value at a time when the Corporation is diversifying into new sectors via its
subsidiary, Canaf Investments (Pty) Ltd. Being based in South Africa, and with his commercial and legal experience,
the board sees his appointment as a strong strategic move for long term growth.
Peter’s firm was also instrumential
in the successful broad-based black economic empowerment transaction that was completed earlier in the year.
The Corporation also confirms the resignation of Mr. Kevin Corrigan from the board of directors. Kevin steps down
as a director after serving nearly 10 years on the board, as he plans to focus more of his time on new projects and
positions. The board wishes him the best of luck for the future and thanks him for his professional advice and input
over his years of service.

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From: JRod779/25/2019 10:31:55 AM
   of 57
 
CANAF ANNOUNCES FINANCIAL RESULTS FOR Q3 2019

2019-09-24 15:32 MT - News Release

Mr. Christopher Way reports

Canaf Investments Inc. has release its financial statements and management's discussion and analysis for the nine-month period ended July 31, 2019.

Revenue for the nine-month period ended July 31, 2019, increased to $7,680,313 (U.S.), an reduction of 37 per cent compared with the same period last fiscal year, which generated a net comprehensive income of $571,399 (U.S.) (2018: $635,258 (U.S.)). Third quarter alone generated revenue of $3,422,222 (U.S.) and a net comprehensive income of $267,206 (U.S.). The corporation expect sales to remain strong in fourth quarter 2019.

For more details and discussion on the results, the financial statements and management's discussion and analysis can be viewed on SEDAR or the company's website.

About Canaf Investments Inc.

Canaf's registered office is in Vancouver, Canada, with offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African company that owns 70 per cent of Southern Coal Pty. Ltd., a company that produces a high-carbon, devolatized (calcined) anthracite. Canaf also owns 100 per cent of Canaf Investments Pty. Ltd., a South African company that owns 100 per cent of Canaf Estate Holdings Pty. Ltd., a real estate investment company focused on suburban property in Johannesburg.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

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