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Share Name Share Symbol Market Type Share ISIN Share Description
Craven House Capital Plc LSE:CRV London Ordinary Share GB00BD4FQ360 ORD USD1.00
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.90 0.70 1.10 0.90 0.90 0.90 0.00 08:00:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -13.2 -456.5 - 3

Craven House Capital Share Discussion Threads

Showing 4526 to 4547 of 4550 messages
Chat Pages: 182  181  180  179  178  177  176  175  174  173  172  171  Older
DateSubjectAuthorDiscuss
05/2/2021
16:36
it would indeed have been a huge surprise if mr Pajak had something positive to disclose to the Craven shareholders................with ref to today´s announcement.
baner
31/12/2020
09:24
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. :-)
rusty9717
29/12/2020
13:04
Hi Cjohn, When does the value for holders become realised? Nothing Pajak has ever done has ever had shareholders interests at heart. If I had of held I would be in nearly my 10th year and on looking at the chart it doesn't make great reading from what I can see. Press Fit, Royalty sports two which mysteriously went down the tubes. Friends have tried to sell shares in the other half of the business but sadly cant. Cjohn have you ever met MP?
rusty9717
27/12/2020
21:12
This is what various investment sites say about BSP: Black Sea Property AS is a real estate company with partial ownership to a real estate project on the Black sea coast named Aheloy Residence Resort. Aheloy Residence Resort is partially finished and will upon completion consist of more than 1050 holiday apartments and significant commercial areas. The company effectively owns 75% of the project. Black Sea Property AS aims to complete the project, in order to realize its potential value through sale of residential units and operation as a hotel. Have looked into BSP as far as I can online. i haven't come across any obvious red flags. Whether there is equity in the company really depends on how robustly they've valued the resort on the balance sheet. There is PPE of 255m Norwegian krone on the accounts. About 21.65 million sterling for their 75% share. Or around 29 million for the resort as a whole. So that works out at around 28k per apartment, if no value is given to the commercial property. So that seems t not unrealistic from what I've seen of other Bulgarian property prices. BSP itself is terribly illiquid.
cjohn
27/12/2020
11:16
the BSP hotel is worth very little, if anything.
baner
16/12/2020
15:09
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).
cjohn
15/12/2020
13:25
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
cjohn
15/12/2020
08:54
cjohn don´t let yourself be fooled by this clown-deal with the bulgarian resort-company. this is an entity very close of going belly up and there is no value in this what so ever. this is just another attempt to fool the stock market - it did not work for them in London, so now they try Norway. as simple as that. and mr pajak, with his fellow directors, looks more and more as the Master of Value Destruction. which is maybe not "news" to those who have followed him running Craven.
baner
14/12/2020
17:25
C Crogh is the ceo of several of the web businesses.
cjohn
14/12/2020
17:22
Sure, buying the websites at the inflated price paid was a mistake! Still the current deal values crv's stake in yrro at 3 million sterling plus!
cjohn
14/12/2020
15:36
CJohn however, Pajak is,with his fellow directors, certainly responsible for the idiotic deal with the owners of Yrro Ltd etcetera - a value destroying transaction that Pajak was desperately keen to complete on during the midst of the covid-panic earlier this year. btw who is cato crogh ? i just googled him and i hope what i found out is not about the same mr crogh !?!?
baner
14/12/2020
15:28
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.
cjohn
11/12/2020
08:02
at high speed, too !
baner
10/12/2020
14:03
Another Pajak blinder. Struggle to find a worse CEO and there are plenty to choose from. Once had decent investment in a hotel about 5 years ago. Rest are a total car crash.
rusty9717
09/12/2020
12:00
what a clown company this is !! pathetic announcement this morning . they seems to be absolutely desperate to push the share price north. mr pajak has an additional reason to be ashamed of himself.
baner
08/7/2020
11:02
Glad I got out of these quite a while ago. Mr Pajak one of the most arrogant CEOs I have met which is quite surprising considering his performance on nearly every investment has been absolute dog dirt. Speaking in riddles delivering nothing.
rusty9717
02/6/2020
08:44
the website interests Pajak paid $8m for very recently (in the midst of the Corona depressions) are now valued at ca $3m - maybe not a personal record for Pajak, but still an absolutely terrible transaction initiated by him. any one surprised?
baner
05/5/2020
16:07
The websites are surely worth even less than worthless. A negative value, in my view. Sadly, M Pajak genuinely seems to believe in his new e-commerce departure. So probably not aware of the value destruction.
cjohn
05/5/2020
07:41
first the BOD give away $8m of CH shares for a group of "worthless" websites and now they de-list the bulk of the company´s assets for no good reasons at all. clearly the directors of Craven House must be aware that they destroy values for the company and its shareholders - which is in direct conflict with their fiduciary duties. i expect we will see some legal actions taking place against these persons in the near future.
baner
18/2/2020
09:10
Cjohn u r welcome! they have waived all entitlement to a fee so now they must take the NAV from 10 upwards in order to earn one. clearly they seem to have a plan in place convincing enough for new investors to pay 10 for their shares. my impression is they are loading the gun in order to move assets and attention over from africa and similar places, to north america and maybe europe. no doubt this would be positive for investors, allowing us to better understand the potential value, and liquidity, of the assets. to bring new money in at 10 one would assume they have presented a credible plan to invest funds in a way taking the 10 to a higher value soon. why would investors otherwise put new money into the company at this price?
baner
18/2/2020
08:46
Baner "In the jan 2, 2020 Update the company confirm the 1.66m ”performance fee” has been waived. Full stop" Well thanks very much for the correction. I appreciate it. I don't know how I missed that. It just shows the value of conversation, particularly with people with a different perspective. I'm assuming they'll take the performance fee at some point!
cjohn
18/2/2020
08:27
CJohn In the jan 2, 2020 Update the company confirm the 1.66m ”performance fee” has been waived. Full stop.
baner
Chat Pages: 182  181  180  179  178  177  176  175  174  173  172  171  Older
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