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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Craven House Capital Plc | CRV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.25 | 08:00:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.25 | 0.225 | 0.25 | 0.25 | 0.25 |
| Top Posts |
|---|
Posted at 31/12/2020 09:24 by rusty9717 Hi Cjohn,Thanks for the reply and the same to you for 2021. I think I decided to draw a line under CRV after the second AGM I went to. I just felt why was I investing in someone who I took such a dislike to and was treating people who were supporting the company with such utter contempt. It really was something to behold. Multiple persons had tried multiple ways to engage/support. Its easier to like someone if they are driving the business forward and providing shareholders with a return on there investment. To date that hasn't happened here yet. Putting my dislike of MP to one side these boards are littered with bitter ex holders. I certainly hope that doesn't come across as the case as I hope people get the returns they have waited so patiently for. I always keep an eye on the company especially whilst bored at home. Thankfully I went off chasing other stocks. Usual story, some very good, some very bad but slightly more winners than losers last year. Lets hope MP delivers returns that match his ego. If that's the case you will all do rather well. :-) |
Posted at 16/12/2020 15:09 by cjohn Peter Gyllenhammer was definitely against the deal! And has since sold out much of his holding at Craven Capital.Mitigating the dilution was the fact that the web businesses were paid for in "currency" of CRV shares, valued at $10 each. However, we are where we are. If you are an existing holder of CRV Capital, I wonder if you could momentarily put aside your disgust with the purchase of the web sites and comment on whether you think the potential deal with BSP is a good one. I've done initial investigation into BSP and, so far, it looks bona fide. If the hotel is worth what the BSP balance sheet suggests, CRV's stake in YRRO is worth north of 3 million sterling. CRV paid 1.2 million sterling for YRRO in CRV currency ($10 a share). |
Posted at 15/12/2020 13:25 by cjohn Hi baner,I understand your intense frustration with CRV. I've been a shareholder for a few years. The move into the web businesses went against the declared deep value philosophy of CRV and came out of the blue, and, what's more, shortly after attracting a very well-known value investor to take a serious stake in the company. CRV also markedly over-paid for the nascent web companies. I should mention I make my living from value investment and this has been a golden year for asset-based investors like myself. It should have been for CRV too. But I wasn't sure from your last posting whether you were venting your frustration in general at the directors of CRV - not directly involved in this deal - or whether you had some specific objection to (or information about) this particular deal. If the hotel is valued realistically on BSP's balance sheet, then this will be a very good deal for CRV's shareholders. Do you have a specific reason to believe that this is a "clown-deal"? all best CJohn |
Posted at 14/12/2020 15:28 by cjohn On this occasion, M Pajak isn't responsible for the deal. CRV doesn't control the decisions of Yrro's CEO.So Cato Crogh is the decision maker here. Prior to the deal: CRV owns 29.99% of Yrro Ltd. After the deal, CRV owns 25.49% of Yrro's various assets + 25.49% of a large resort hotel in Bulgaria. This will be a very good deal for CRV shareholders, IF the value of the hotel on Black Sea Property's balance sheet is robust. (And if the deal goes through.) Black Sea say if the deal goes through they will divest the hotel. |
Posted at 15/2/2020 21:34 by cjohn Hi Baner,You are right. Gyllenhammer will have had a thorough look at the assets, including DLC's land in Brazil, its SA food manufacturer etc. Obviously, if you don't like illiquid assets, CRV and DLC are not for you. I, personally, would not put any store by mark to market valuations of DLC; which as you know are a reflection of the latest tiny trades in the shares. As you're probbaly aware, the $1.66m "success fee" for increase in NAV is being taken in CRV shares, each share to be valued at $12.50 ie at a very significant premium to the current CRV market price. (I admit I don't like management being paid either. It's one of life's small miseries that they won't work for free.) I'm not sure why you think shareholders can't benefit from a rise in the share price. How could management go about not "allow" -ing that? Should they follow your suggestion and liquidate the assets and return cash? A number of the assets are really not at that stage. Strategically, it would be a very strange decision. I honestly don't think it would maximise shareholder value. |
Posted at 13/2/2020 11:14 by cjohn Ok thanks for your thoughts, Baner.I took a look at Kalimtgis's biography. It seems pretty standard with some appointments to solid positions in well-known banks etc etc Typical progression from lowly researcher to executive roles. Blimey, if they lost "trillions" the whole of the US financial system would have collapsed! CRV is usually highly illiquid, with exorbitant spreads. Something PI's have complained about unendingly. I know from my own occasional attempts that picking up anything larger than pretty small amounts can shift the share price dramatically. I agree with you that share buybacks make good sense. We just need an asset sale to give us some cash. (Could the placing cash be used for buy backs?) Close to $10 per share is the balance sheet value. To take just one example, CRV's holding in DLC is marked to market. At the last results, DLC's share price had dropped notably, market valuing DLC at well below its net asset value. |
Posted at 14/11/2018 13:01 by karina LMFA holders will certainly be having a good day!Looks like the share buy back is behind schedule, not unusual for CRV |
Posted at 14/11/2018 11:31 by cjohn I think it's a good buy.LM Funding America - fintech company - buys delinquent accounts off community associations. It made a heavy loss in 2017, worsened by a series of one-offs, which slaughtered the share price. The high since flating on NASDAQ, end 2015, was close to $90. CRV now owns 31.5% of the company - buying in at $2.40, a premium to the current market price which is around $1.80. In the first half of 2018, LMFA was pleasantly profitable, If that continues, they've bought these at a steal. |
Posted at 13/2/2018 15:20 by karina They requested permission for this this at the AGM DCWould put CRV well over $100m IF it comes off, whatever the deal may be. Could be either the Panda deal, or AP VOS, or both ! |
Posted at 13/2/2018 14:20 by karina Not wanting to influence you in any way DC but CRV have put wheels in motion to issuemore shares Just 8,844,400 .................... At $12.50 that would certainly liven things up ;-) |
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