Craven House Capital Share Discussion Threads

[monkey puzzle] 22/10/2014 08:16

It is what it is....I agree I don;t like after hours RNSs like that either. Looks like someone with 1m shares has dumped them in 250k batches at any price early on.....MMs will always take advantage of that kind of behaviour.

Liike I said, PFT was never really in the value of CRV's MCAP anyway.....recent big buyers were not buying the PFIT story but other investments for CRV, all imo fwiw....would be nice of CRV to update their shareholders with other developments next.

[still waiting] 22/10/2014 08:14

daft more like.

[davidcod] 22/10/2014 08:12

MP, but it doesn't give you great confidence does it? I've been holding since 0.26p, that RNS killed my enthusiasm for the stock. After hours RNS too, clever or just plain sneaky?

[monkey puzzle] 22/10/2014 08:09

It was never in the price anyway...silly reaction to that update imo

[still waiting] 22/10/2014 08:05

That's pressfit's value destroyed then.

[j0llyr0ger] 21/10/2014 18:28

RNS today:

21 October 2014



Craven House Capital Plc

("Craven House" or the "Company")



Update on Pressfit Holdings



Further to the Company's announcement dated 1 August 2014, Craven House announces that Pressfit Holdings Plc ("Pressfit"), a specialist manufacturer and distributor of stainless and carbon steel press fittings and one of the Company's largest investments, has announced that AMCO Group (as defined in Pressfit's Admission Document) no longer expects to be able to place orders to the value of £1,500,000 during 2014, as anticipated at the time of Pressfit's Admission to AIM.



Pressfit has announced that whilst a number of orders have been received from the AMCO Group, the timing of further orders has been delayed owing, in part, to seasonal demand patterns for piping products. Pressfit has also announced that the AMCO Group expects to place at least £200,000 worth of orders in the coming two months and has confirmed to Pressfit that any shortfall in orders placed during 2014 is expected to be covered by the end of June 2015.

[karina] 21/10/2014 14:01

TullyCrow 412 postsRE: Buys reported as sellsMaybe its me..but I just have a great deal of trouble getting my head round our MC of £3.35m.. If you look at my previous post you will see our land in Brazil which was independently valued at Euro 4.5m of which we own 49% and equates to approximately £1.83m. I also understand that the land has appreciated quite considerably since purchase. We are owed (getting interest) approx. £1.2m from Dublin hotel deal. Our investment in Pressfit is worth £1.1m. These alone are worth over £4m. We needn't go into all our land in Africa, other business interests in SA and Brazil adding millions more. Why in that case aren't people recognising this? Am I missing something?

[karina] 21/10/2014 14:01

Today 13:30 Price: 0.48TullyCrow 412 postsRE: Buys reported as sellsNo apologies for reproducing yet again statements from the last results..Question is..why no update? On the 4th November 2013, the Company acquired a 49% shareholding in a portfolio of agricultural and food processing businesses in South Africa, for a total consideration of CAD $1,960,000. This portfolio comprises a 1,017-hectare vegetable and cattle farm located in Nelspruit; the second largest vegetable dehydration factory in Africa, also in Nelspruit; and a food storage and distribution centre located in Johannesburg. This investment provided us with an outstanding opportunity to establish an interest in food production and processing in South Africa. Craven House is currently exploring a partnership with a leading European dehydrated vegetable producer and is considering an offer from another party to purchase the distribution business. Ceniako is a Cypriot holding company, whose sole asset is 1,967 hectares of productive agricultural land with significant development potential. Situated directly on the Atlantic coast of Brazil, between Salvador and Rio de Janeiro, the property features over two kilometres of beachfront in addition to productive cattle pastures and cropland. The last independent valuation valued the land at circa EUR€4.5m. We continue to seek a buyer or development partner for all or part of the site. In addition, investigations undertaken suggest that the agricultural potential of the land will be best achieved through a combination of palm crop and cattle. As a result of these findings, we have entered discussions with a prospective investment partner to enable us to commence cultivation. The Company continues to investigate various financing options which will enable it to unlock the potential of the agricultural assets it has access to in Guinea. Recently, these include very encouraging dialogues with development finance institutions and private agricultural investment companies. We expect to be able to report further progress in this regard at the time of our full year results. The Company's balance sheet continues to expand at a rapid pace, with the asset base has now at a point we can target larger, more meaningful acquisitions. The Company's most recent investments have created short-term cash generation opportunities, which have both made the Company profitable for the first time. We are very confident that in continuing to pursue the primary goal of enhancing net asset value we will be able to secure our shareholders above market returns. Craven House Capital remains an attractive acquisition vehicle with increasing potential. The universe of possible transactions increases in step with the expansion of our balance sheet. As mentioned in previous communication, we remain focused on building long term value for shareholders and do not distract ourselves with self-promotional activity.Off Topic Strong Buy

[karina] 21/10/2014 14:00

TullyCrow 412 postsRE: Buys reported as sellsHi R1chardo, delighted your still with us. One of the main reasons people sell is the old chestnut "boredom". We all crave a little excitement in our shares, and when news is not coming some people move their money out and put it elsewhere chasing the moon.. Sometimes its successful and you are able to rebuy your shares cheaper, what can happen is that once you sell your shares you tend to forget about it and keep on moving.. CRV is not a share for daytraders, it is a share for investors. Sure..we get our fair share of swings, but by and large it is a slow burner with the rainbow waiting for us at some point (we hope!). One thing I have a great deal of trouble getting my head around is the lack of news, especially when I have been informed about many things that are "supposed" to be occurring in the background, there are others who have had the same sort of thing said to them, so it isn't just me romancing.. I am fascinated about Mr Kalimtgis taking over 9% of the company.. Why? I wonder why the Depston acquisition didn't contain much more information, all we got was the basics. Why? I wonder why there hasn't been a recent update, there has been nothing since February.. Why not? I could go on..in fact I will. What happened to the offers being considered in SA? I was told deal done until a further offer appeared, why aren't shareholders being informed? What about the talks taking place in Brazil? Lots well overdue..I hope they don't wait until results. Could stuff still be requiring final signings off be delayed until heavy money entered? I'm not suggesting anything underhand has taken place, far from it, but it makes you think a bit.

[karina] 21/10/2014 13:59

TullyCrow 412 postsRE: Buys reported as sellsAs Jackal reports you can buy small at 0.482. Looking at the lack of posts on the boards, it would appear a few have moved on, although I am the first to admit that there is very little to talk about unless old stuff is recycled. Lack of news ( which believe me I find totally baffling..) is the reason why we have eased slightly in the past few sessions, although at this time MMs still want the shares, and PLHC are the main reason behind the fall. They have done this on numerous occasions over the past few weeks, but any sort of half decent buys will see them come quickly onto the bid again. The big hitters seem to be done buying for now, that's not to say they wont return at some point, but serious people have invested a lot of money in CRV, and they are expecting something that's for sure! Our MC remains miles below fair value imo, but until CRV release news it may be that we will stagnate around this level. It could come at any time, or we may have to wait until results next month, once again that would mean all that I (and others) have been told is wide of the mark. That would be disappointing.. As things currently stand, I am happy with the investment I have in CRV, but would like to see a bit of news to bring a few new faces to the boards. Once news is forthcoming the MMs will shut up shop as quick as you like, and I doubt you will be able to buy at these levels. Maybe the big players who were buying in the 5s will see this as an opportunity to average down?Off Topic Strong BuyToday 08:52

[karina] 21/10/2014 09:54

2,556 postsRE: Buys reported as sellsThe 800k buy has pushed the actual ask to .482, anything over £1k though is .49. Any buying pressure this should see a nice rise.

[karina] 16/10/2014 14:14

RE: crvToday 13:33I have heard exactly the same rumours Gary, whether they turn out to be true or not remains to be seen. However, like yourself, I do find the two big players buying/acquiring over 13% of CRV recently more than a little suspect, especially a player like Evan Kalimtgis getting involved.

[karina] 16/10/2014 14:14

LSE

RE: crvToday 12:09You're right Rusty, just a little news would be beneficial to keep the PI's from selling.

Talking if rumours...there were mutterings about a month ago that there was a 'big deal' in the pipeline. Wealth Manager mentioned a deal, (and I am humbled by the depth of his/her postings) but I understand that this was not the deal in question. And since then we've had two massive investors buy into the company at tremendous pace. Although I can not substantiate the rumours, I understand that there are two 'big deals' in the pipeline.

I'm sure that there are a number of posters on here that do liaise with members of CRV, are they able to provide any light on these two rumours?

Of course, as usual dyor etc....

[derektrade33] 16/10/2014 03:49

Guys, yesterdays trades 7 and 8 was me moving into an isa (bed and isa)

So trade 8 was actually the buy back, but its reported as a sell.

[karina] 15/10/2014 20:53

Rusty9717 25 postsRE: crvEvening TC. They just need half an excuse to screw the price. Just taking a little breather. Just look where we were a month ago. ALL ON NO NEWS, except last weeks holdings RNS. If we do get some news then who knows where this could go. Lots of rumours and hear say doing the rounds and if just some of it comes true this will genuinely be in with a serious chance of multi bagging.

[karina] 15/10/2014 20:52

TullyCrow 403 postsRE: crvWe actually got off rather lightly today by giving up just yesterdays gains. The whole market was in free fall today, with many shares suffering 10 - 20% losses for no apparent reason as some sellers got themselves in full panic mode. Market makers of course could smell their fear and marked many shares down without a trade taking place earlier today. Due to our sells yesterday and today the MMs now have a pretty balanced book in CRV, from the buyers having the upper hand, it has now turned full circle, so I am confident that the MMs will try and take full advantage of the weak holders, buyers will be waiting to snap up their shares on the "cheap" should CRV fall. After all, nothing has changed with the company, we aren't relying on placings to keep going, assets are all still in place last time I looked, and the "names" who have recently surfaced like Desmond, Jones, Kalimtgis, certainly aren't selling. Nothing goes up in a straight line.. It would be nice if it did continue daily, but sometimes a lot of dead wood needs to be cleared and to take a pause. It may get bumpy the next few sessions, or the big buyers may return for more. No way of knowing what will happen short term, but its the long term that interests me.

[karina] 15/10/2014 07:21

LSE

Another reasonable day in CRV land, with a little "mates rates" 200k buy after the bell.

As myself and the other four contributors on here realise, we are still a million miles from any sort of recognition from the masses. On any other share, the sort of research done by Wealth Manager, the big names who have come on board, the chart, and the steady price increase we have seen over the last few sessions would have seen a buzzing board and the word spreading like wildfire about what's happening here. So be it, maybe they will be happier buying at a much higher price.

ADVFN which is the main bulletin board is basically dead, if it wasn't for Karina and the odd other occasional poster, there would be no CRV thread there.

A lot of the names who used to appear here may have moved on, there were a few sells today, anything 0.545 and under were sells, and the market makers were very happy to take them. So happy in fact, that they were willing to take serious volume at well above bid price. Not so keen to take the same amount in a buy though..

Our MC is now at the dizzy heights of £3.83m, Wow!! Considering our assets alone are worth multiples of that figure, it could double and still not truly represent fair value in my opinion.

CRV is your typical slow burner, when it does catch on, it will really catch on, in the meantime I will take what happened today (3.8% rise) every day.

I expect it will have an even quieter day than usual at some point, we might even see a slight drop as the MMs go after shares, but once the long, long awaited news appears, there will be fireworks. Results next month..

[karina] 14/10/2014 11:08

Another good start to the day so far, quite happy to accept this every day until CRV are good and ready.

[h d shoring] 14/10/2014 09:47

I think the pr man for concha should be appointed.
cha M/cap £52M shares 1374M price around 4p.
crv M/cap £3.83M shares 702M price around.55p
With him in charge we should be 20p at least .

[spazzz] 13/10/2014 16:46

I hereby propose that Wealth Manager take over all PR responsibilities for CRV - all those in favour ...?

[karina] 13/10/2014 16:19

Incredible value... (Pt 3)Today 15:50 (Evidence of Achilles Macris and Evan Kalimtgis)

(Evidence of Kalimtgis’ risk management expertise: located on bottom-half of the piece under ‘Off-the-Wall Ideas’)

4. Sir David Jones’ recent purchase of 32,000,000 shares (4.01%) in the company. This is an individual who, as the Chief Executive of UK retailer NEXT, increased the company’s worth from £25 million to a staggering £3.5 billion. Now, think about that for a moment… £25million to £3.5billion! Who is this guy? A business genius? Yes, is your answer. It’s no mean feat to grow a micro-cap to such a monumental scale. So, to that end, I bow down to Sir Jones. And more than that, I stand-up and take serious notice when an individual of his calibre sinks £153,000 of his own money into an unloved nano-cap. What does he know? Pretty much what I know and probably tonnes more. But mainly that Craven House is a criminally undervalued asset with enormous growth potential.



5. Craven House is expanding its balance sheet at a rate that is unprecedented for a company of its size.

Thus, with the aforementioned fundamentals in public domain, it’s only a matter of time before Craven’s inexplicable period of shareprice depression comes to an abrupt end. Put simply, Craven’s shareprice has nowhere to go but up. Hold on to your shares.

[karina] 13/10/2014 16:19

Incredible value... (Pt 2)Today 15:482. Mark Pajak, Craven’s spectacularly well-connected leader and an Oxbridge alumnus, is a savvy and meticulously ruthless operator who boasts a wealth of experience in the business investment, mergers & acquisitions, structured finance, and private banking sectors; the ideal skillset to grow a successful merchant bank. His track record for the transitioning of unquoted companies into profitable listed ventures is nothing short of impressive; Hudye Farms U.S. Inc, Ripper Oil and Gas Ltd, Havana Resorts Limited, China Shuangji Cement Ltd (brought to market by Wise Star Capital Investments Ltd – another corporate vehicle), and Pressfit Holdings, to mention but a few. All in all, monsieur Pajak is a no-nonsense dealmaker with a penchant for unbridled success.

(Evidence of Hudye Farms US Inc)

(Evidence of Ripper Oil and Gas)
(Evidence of Havana Resorts Ltd)

(Evidence of China Shuangji Cement Ltd)

3. Hedge fund boss Evan Kalimtgis’ recent eye-watering purchase of 75,000,000 shares (9.39%) in the company. Kalimtgis, for those unfamiliar with the London proprietary trading environment, spent years developing multi-asset risk management tools and became an expert in the process. Impressed by his skillset, JP Morgan’s former executive, Achilles Macris, hired Kalimtgis and George Polychronopoulos (another high achiever) to help develop and build the CIO (Chief Investment Office) portfolio; today standing at a warping $300 billion. Multi-asset, in this case, refers to a range of exchange-traded assets that include equities to illiquid assets like property, private equity, infrastructure, and derivative assets like swaps, swaptions, variant swaps, and securitised loans. Today, financial firms are investing in risk management for investment, rather than just for compliance. That said, and from a retail investment viewpoint, it is a resounding vote of confidence (in Craven House) for a hedge fund boss (who’s an expert in risk management) to plough £375,000 of his personal cash into an unloved nano-cap stock. What does he know? Pretty much what I know and probably a shed load more. But mainly that Craven House is currently offering a substantial bang for your buck!

[karina] 13/10/2014 16:18

Another cracking WM Post

ncredible value... (Pt 1)Today 15:46Whilst Craven’s Net Asset Value continues to grow at an astronomical pace, the company’s share price is anything but. Its P/E ratio is absurdly low measured against some of its industry peers who haven’t enjoyed, nor are poised to enjoy, the stellar growth that Craven has achieved.

You see folks, when it comes to the stock market, it’s not so much a game of “how much money are you making now” as it is a question of “how much money will you be making in the future?” But on both counts of this dynamic, Craven is grossly undervalued. The company has continuously smashed market expectations since its inception as an investment company focussed on emerging and frontier markets. And what makes Craven’s outperformance all the more exciting is its staggering growth potential that is underpinned by the following fundamentals:

1. The company’s investment manager, Desmond Holdings, an unquoted investment company established in Hong Kong, has over 18 years' experience in investing in emerging and frontier markets, and has managed gross assets of……… wait for it…… $500million plus! . Over this period, Desmond has established an extremely wide network of relationships across the globe which now generate a high volume of prospective investment opportunities. In addition to this – and this is the real clincher – the company is directly linked to British billionaire Richard Desmond who employs various corporate vehicles to execute his investment strategy. One such vehicle is Desmond Investments Ltd, an investment company listed on Canada’s TSX Venture Exchange, and now an indirect stakeholder in Craven through EmVest Food Products (Mauritius) Ltd, a full-owned subsidiary. The key for me, however, is the strong financial security provided to Craven by the structure. It’s huge. Put simply, Craven’s sphere of interest, in terms of new acquisitions, is significant. Now put a valuation on that!

(Evidence of $500million reference: can be viewed under ‘Background on Desmond’)

(Evidence of RD’s use of corporate vehicles: can be viewed in the bottom-half of the piece)

(Evidence of DI Ltd’s ownership of EmVest Food Products [Mauritius] Ltd)

(Evidence of RD’s direct link with DI Ltd and, subsequently, Desmond Holdings)

[karina] 13/10/2014 15:18

LSE

RE: crv Today 15:11

Finally they let it go..not many left at 55.

The new big money which has entered from that fund and Sir Dave finally means we are coming on the radar. Still a very low MC, and the general public still haven't picked us up yet..

I seriously doubt that the 75m buyer has chucked his money away.