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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Crystal Amber Fund Limited | LSE:CRS | London | Ordinary Share | GG00B1Z2SL48 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 77.00 | 75.00 | 79.00 | 77.00 | 77.00 | 77.00 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | -2.14M | -5.58M | -0.0723 | -10.65 | 59.37M |
Date | Subject | Author | Discuss |
---|---|---|---|
17/1/2013 15:18 | Fair point - thought it would be a daft question...! | dashton42 | |
17/1/2013 15:01 | I'd be astounded if they did (or any other investment vehicle) as it would certainly compromise the price of holding company and potentially make sales at the target price more difficult. | cockerhoop | |
17/1/2013 14:30 | ...and Thorntons holding up relatively well following its update, given that it was fairly mixed... Out of interest, and apologies if its a daft question, but do you know if CRS ever discloses the price targets for its holdings? | dashton42 | |
17/1/2013 13:58 | Yes I did note that they'd gone to 30% from the RNS on the 14th. Sutton Harbour a little weak the last few days but still a healthy overall gap between the shareprice and NAV. | cockerhoop | |
17/1/2013 13:45 | I see from today's RNS that Invesco is an "innocent bystander" whose holding in CRS exceeds 30% following the recent share buybacks, and therefore is not obliged to make an offer for the trust. I love the terminology... ("No acquisition to see here mate, I'm just an innocent bystander") | dashton42 | |
16/1/2013 07:58 | A decent update from N Brown today, and what I took to be a fairly good update from Thorntons (we'll see if the market agrees...) | dashton42 | |
10/1/2013 12:27 | Yes, it's how I stumbled across CRS - they were stake building in companies that I also owned shares. Buying shares that you like at a 15% discount seems a reasonable deal to me :-). | cockerhoop | |
10/1/2013 11:18 | I'm sure you're right, and they certainly seem to be in a good place at the moment. I wonder if they will top up their Thorntons? Useless to speculate, I know, but it seems like a vote of confidence when a fund buys shares in a company in which you already have a stake... | dashton42 | |
09/1/2013 21:53 | I think that's unlikely in the short term Dashton as they state they have opportunities lined up for the free cash. | cockerhoop | |
09/1/2013 14:46 | Thanks. I guess another option, if they can't find any compelling investment propositions, is a return of (some) cash to shareholders?! | dashton42 | |
09/1/2013 13:34 | My understanding is that they can purchase up to 15% of the shares in issue to cancel or to take into treasury. So plenty of scope for more buybacks - discount is opening up again so may be sooner rather than later. | cockerhoop | |
09/1/2013 11:30 | I must admit I'd missed the note about Thorntons. It retrospect it may be a shame they didn't take out a bigger stake, as THT has had a decent mini-rally recently. Guess that could change after the Thorntons trading update though, which according to the THT BB is on the 17th. Have CRS got any sort of stated limit on their buy-backs, or can they just do them as and when they feel the discount's got too large again? | dashton42 | |
08/1/2013 13:16 | I'm reassured my calculation has (so far at least) been accurate. They invested £0.9m in Thorntons just before Christmas so they may be looking to increase their holding. They've certainly got a decent level of firepower at their disposal. Guess they'll keep buying their own shares to if the discount widens again. My updated NAV is now £1.26 so continuing to tick up. | cockerhoop | |
04/1/2013 12:13 | I made the year end NAV approx £1.20, its now approx £1.24. The company buybacks have been successful in narrowing the shareprice discount to NAV. Be interesting to see the Company RNS early next week regarding holdings. | cockerhoop | |
19/12/2012 06:49 | I suppose the key thing is what CRS paid for their N Brown shares! Never too early to take profits... | dashton42 | |
18/12/2012 14:51 | There has been some selling down of N Brown between 31/10 and 30/11. For the holding to be worth less than 4.5p per share (value of the holding in 10th place on 30/11 - RSW) as least 25% of the shares held at 31/10 would have to have been sold. Shame as N Brown has had a good couple of months. | cockerhoop | |
18/12/2012 11:15 | I've only just noticed that N Brown seems to have been replaced in the list of top 10 holdings by United Drug (?). I don't know if this means N Brown have been sold down (they have had a very good run recently), or that United Drug have been bought and displaced N Brown to lower in the rankings? | dashton42 | |
17/12/2012 08:49 | A share buyback - perhaps an attempt to narrow the discount. | cockerhoop | |
14/12/2012 15:00 | Over that last couple of years the discount to NAV has ranged from 5% to 24%. It's currently around 15% which I feel still offers reasonable value considering the quality of the companies held. | cockerhoop | |
14/12/2012 14:44 | Good stuff! The CRS price is still holding at around £1; I thought it might drift a bit after the Sutton Harbour results. Still, I'm not complaining. | dashton42 | |
14/12/2012 08:51 | I'll also take account of any inter month change in holding RNS's from CRS or the companies themselves. | cockerhoop | |
14/12/2012 08:38 | Yes, that sounds like it should be close enough, given the available information. Thanks | dashton42 |
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