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CRV Craven House Capital Plc

0.25
0.00 (0.00%)
Last Updated: 08:00:21
Delayed by 15 minutes
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
  0.00 0.00% 0.25 0.00 08:00:21
Bid Price Offer Price High Price Low Price Open Price
0.20 0.30 0.278 0.25 0.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -5.26M -5.52M -1.4274 -0.18 965.9k
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.25 USD

Craven House Capital (CRV) Latest News

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Date Time Title Posts
31/10/202418:44Craven House Capital (CRV) - Overvalued and Technically Insolvent226
11/7/201908:04Craven House Capital (CRV) - Undervalued and poised for further growth1,674
24/6/201510:09craven house capital2,654

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Craven House Capital (CRV) Top Chat Posts

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Posted at 13/12/2024 08:20 by Craven House Capital Daily Update
Craven House Capital Plc is listed in the Finance Services sector of the London Stock Exchange with ticker CRV. The last closing price for Craven House Capital was US$0.25.
Craven House Capital currently has 3,863,590 shares in issue. The market capitalisation of Craven House Capital is £965,898.
Craven House Capital has a price to earnings ratio (PE ratio) of -0.18.
This morning CRV shares opened at US$0.25
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 17:22 by 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!
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 09/12/2020 12:00 by 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.
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 14/2/2020 16:36 by 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.
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 12/2/2020 13:18 by 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.
Craven House Capital share price data is direct from the London Stock Exchange

Craven House Capital Frequently Asked Questions (FAQ)

What is the current Craven House Capital share price?
The current share price of Craven House Capital is 0.25.
How many Craven House Capital shares are in issue?
Craven House Capital has 3,863,590 shares in issue.
What is the market cap of Craven House Capital?
The market capitalisation of Craven House Capital is USD 965,897.50 .
What is the 1 year trading range for Craven House Capital share price?
Craven House Capital has traded in the range of US$ 0.125 to US$ 0.35 during the past year.
What is the PE ratio of Craven House Capital?
The price to earnings ratio of Craven House Capital is -0.18.
What is the cash to sales ratio of Craven House Capital?
The cash to sales ratio of Craven House Capital is -0.18.
What is the reporting currency for Craven House Capital?
Craven House Capital reports financial results in USD.
What is the latest annual turnover for Craven House Capital?
The latest annual turnover of Craven House Capital is USD -5.26M.
What is the latest annual profit for Craven House Capital?
The latest annual profit of Craven House Capital is USD -5.52M.
What is the registered address of Craven House Capital?
The registered address for Craven House Capital is 776-778 BARKING ROAD, LONDON, E13 9PJ.
What is the Craven House Capital website address?
The website address for Craven House Capital is www.cravenhousecapital.com.
Which industry sector does Craven House Capital operate in?
Craven House Capital operates in the FINANCE SERVICES sector.