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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 Shares Traded Last Trade
  -0.04 -5.63% 0.67 0.00 08:38:15
Bid Price Offer Price High Price Low Price Open Price
0.60 0.74 0.71 0.665 0.71
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments -13.19 -456.52 3
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.67 USD

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Date Time Title Posts
05/2/202116:36Craven House Capital (CRV) - Overvalued and Technically Insolvent213
11/7/201909:04Craven House Capital (CRV) - Undervalued and poised for further growth1,674
24/6/201511:09craven house capital2,654

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DateSubject
23/7/2021
09:20
Craven House Capital Daily Update: Craven House Capital Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker CRV. The last closing price for Craven House Capital was US$0.71.
Craven House Capital Plc has a 4 week average price of US$0.67 and a 12 week average price of US$0.67.
The 1 year high share price is US$1.30 while the 1 year low share price is currently US$0.41.
There are currently 3,863,589 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Craven House Capital Plc is £2,588,604.63.
31/12/2020
09:24
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. :-)
16/12/2020
15:09
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).
15/12/2020
13:25
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
14/12/2020
17:22
cjohn: 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!
14/12/2020
15:28
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.
09/12/2020
12:00
baner: 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.
15/2/2020
21:34
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.
14/2/2020
16:36
cjohn: Hi Baner, this is what they say at the latest Portfolio and NAV update on DLC, dated the 2nd January: ….. The valuation ascribed to CIH's shareholding in DLC in CRV's financial statements reflects the published share price of DLC's shares as of 30 November multiplied by the number of shares owned by CIH. The valuation of DLC has decreased as a result in a drop in the mark-to-market valuation of the shares on the 30 November vs. the 31 May. Whilst the share price reduced from CAD$0.27 to CAD$0.12 during this period…… So DLC is valued at 12 cents in the latest portfolio update. ($3.956k down from $8,757k) A market price of 27 cents is itself at a significant discount to DLC's asset value. We can have some added confidence in the reality of balance sheet asset values because of the very substantial interest of P Gyllenhammer in the company. As I'm sure you're aware, Gyllenhammer, is not a total idiot and will have done extensive investigations of the reliability of asset valuations.
13/2/2020
11:14
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.
12/2/2020
13:18
cjohn: baner 12 Feb '20 - 09:09 - 175 of 177 0 0 0 i did some research on mr Evan K - not too impressive.......... Would you care to share what you have found? Kalimtgis is already a substantial holder, so the transaction counts as a related party transaction. You're right to say, Knitcraft, that the shares are very tightly held. Any sustained buying pushes the share price up very rapidly. As today's dramatic share price rise on quite small volumes demonstrates. This is the obvious reason why Kalimtgis and others involved in the placing wouldn't try to acquire very large numbers of shares in the open market. They would calculate that 1. It would most likely be impossible. 2. If it were possible, it would likely end up being more expensive per share than through such a placing. You mention the promise of share buy backs. As I understand it, these were to happen, 1. If there was cash available after asset sales. 2. There was no other better use for the spare capital in the eyes of management. Neither of these conditions have been fulfilled. (Though 2, of course, is a matter of management's opinion.) One important factor to bear in mind is that the audited NAV probably significantly under-states real-life NAV, (look at the mark-to-market valuation given to DLC holdings at the last results, for starters.) irrespective of any potential future transactions.
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