Craven House Capital Share Discussion Threads

[karina] 11/3/2015 08:24

Very good find Karina. I think we all realise that the relationship between Desmonds, VOS, Emvest & CRV is just a little bit more than platonic, especially with our acting chairman right in the thick of it. Him using the term "transformational deals" in the interims might be a clue.

[karina] 11/3/2015 08:23

Hard to say what has driven this the last few days, but you would have to think that there is just too much symmetry between the current Desmond deals and CRVs existing interests in SA and perhaps Dublin..

I have put below 2 pieces of information that may or may not give us some clues.

1. As of April 17, 2014, EmVest Nuts Ltd. acquired Desmond Investments Ltd. in a reverse merger transaction. Desmond Investments Ltd. does not have significant operations. It intends to identify and evaluate assets or businesses with a view to complete a qualifying transaction. The company was incorporated in 2011 and is headquartered in Vancouver, Canada. So thats Desmond Vancouver (DLC) "owned" by a subsidiary of Emvest ?? Desmonds who are just completing a huge deal with VOS.......

2. Under the Qeton agreement, Desmond will acquire all of the issued and outstanding shares of Qeton in exchange for the issuance of 170,833,333 shares of Desmond shares. Qeton have been set up for the purposes of international agriculture and its import and export throughout the world and yet as far as I can see have no infrastructure in place currently to achieve this...... yet....

I don't mind admitting this is all a fair way over my head but thought I would post it up for debate/comment.

[karina] 11/3/2015 08:23

I honestly don't know what surprises me most, the fact that we are going up in successive days on little volume, or the fact that all boards are dead. Is it really just the four of us left here, it appears that way. I guess some finally just ran out of patience, and it is easy to understand why.

I thought we might see an after hours buy, but no sign of it unless it either isn't filled yet, or doesn't exist. Market makers are not generally known for their generous nature, quite the opposite in fact, so it puzzles me to hell why they are wanting CRV shares, there is little doubt there is a reason behind it, and I just wish I knew what it was.

Usual jungle drums are beating of course, but no more than rumours, and I have heard enough of those over the past few months to know not to pay them any mind, no matter who they come from.

[karina] 11/3/2015 08:23

LSE Posts

I brought up the subject about Desmonds in Canada with CRV quite a while ago. I understand they were suspended because they hadn't completed a deal within the allowed time, this deal once finalised is one hell of a way to break your duck! They said at the time that it would get a deal done.

On evidence presented by wealth manager, and the subsequent "I can't comment on that" from Mr Pajak, it does appear that Desmonds are in fact the face of one Richard Desmond, and as we know he isn't short of a few quid. The interesting thing about the VOS deal, is that it is Mr Pajak who reports the news in Stockwatch is of course our "acting" Chairman, our South African interests appear to be aligned with the VOS land, but of course that may not amount to anything. In the interims Mr Pajak did of course say that they were looking at we continue to look at "several transformational acquisitions".

Whether these things are linked is impossible to say.

[pembury] 10/3/2015 12:33

Not much use to anyone who wants a few mill!

[karina] 10/3/2015 10:27

A repeat of yesterday, max available online 15,000 shares.....

[karina] 09/3/2015 16:19

They are happy to take many millions of your shares, less happy to sell them to you and each buy has seen them increase the offer price. There is still only 500k available online at 35

Looks to me that they wish to deter buyers, which says to me they have a buy order in that's receiving special treatment, but time will tell if that's correct or not.

[chumpster10126] 09/3/2015 16:09

I'm guessing it's to put off the short term holders, who just want to make a quick buck.

[pembury] 09/3/2015 16:07

Why such a big spread?

[karina] 09/3/2015 14:33

They will have to honour an order for 150k at 33 would they not?

[chumpster10126] 09/3/2015 14:25

Afternoon. I've tried to purchase through Barclays Stockbrokers, can even pick up a single share.

[karina] 09/3/2015 14:24

Thats better than my online account pembury, they are offering 50 quids worth maximum.....

[pembury] 09/3/2015 14:02

Max buy £300 online now at 0.33p

[karina] 09/3/2015 12:29

Only 250k at 33..... Seems they really do not want to sell you CRV shares currently.... I wonder why?

[pembury] 09/3/2015 12:15

Not easy to buy atm. ?

[karina] 06/3/2015 15:10

Mark was also a Director of Qeton from November 2014 to January 2015.....

I must be having a slow afternoon.....

Craven House Industries Ltd, director a one Mark Pajak. Authorised share capital of 10 million Euro.

95% of shares held by CRV, 5% by Desmonds Hong Kong.


Desmond Agricultural Products share the same office as Qeton and have the same articles, but the shareholder is Desmonds Vancouver this time.

[karina] 06/3/2015 15:09

nteresting stuff Jackal thank you very much.

Qeton, assuming I have the right one, were only set up 3 months ago, their articles state - "trading of agricultural products" "in Ireland or any other part of the world and whether alone or jointly with others"

The Directors of Qeton were changed in February 2015

Interesting but well over my head.....!

[karina] 06/3/2015 15:09

More LSE posts

Very easy to put two and two together and get five guys..

But.. the name on the top of that Stockwatch article is one Mark Pajak, and as we know he is our chairman. Our present agricultural interests in South Africa are I have been told adjacent to the VOS deal, and of course in last months interims Mr Pajak was talking about "transformational deals". In Brazil we have now focused our attention on producing Macadamia nuts on our land there, same as VOS..

It may all be coincidental of course.

[karina] 06/3/2015 09:56

LSE

Tully
You asked the other day about the VOS, Desmond deal, this is the lastest article from DecemberI can find from December, it sounds very close to this being finalised.

It does got to show how long it can take for deals to go through particulary of this size. What I find interesting is the comment in the interims about generatation transitions in family businesses. I guess the VOS business could be considered that. The article above talks about two agreements being entered into with the second one yet to be disclosed. I still think there may be some play there for CRV. Look what was also set up fairly recently.

If you check out Noel Kingston who is joint director with MP, he is a retired director of a company called Qeton Ltd which it would appear Desmond acquired recently.

Not sure if anyone can tie some bits together on this, may mean nothing for CRV though. In the matter of Desmonds and Richard Desmond, if MP declined to comment I think that says it all. For Sir David Jones CBE and Evan Kalimtgis to invest in an AIM minor there has to be some draw. Those guys wouldn't just put money into an AIM company like this.

[karina] 05/3/2015 14:35

Limits all changed TC, can sell BIG volume at what is now the current share price after they dropped it back just now and still only buy 500k at .3.....

Will be watching for a decent buy....

[karina] 05/3/2015 14:35

Roy nominees are a hedge fund Karina, It is comforting that big time players such as Mr Kalimtgis and Roy nominees took the distressed sellers shares.

At the AGM, Mr Pajak would not disclose what they had paid for them, claiming he didn't know..

When asked if it was Richard Desmond himself who was behind Desmonds he declined to answer..But stated that CRV have access to £20m funds should they need them, so maybe the 1.25p benchmark for deals isn't that important. Well it wouldn't be if they actually paid cash instead of issuing shares to cover the deal.

[karina] 05/3/2015 14:34

Frustrating as it is, I always revert to the investment by Kalimtgis (whatever price he paid) and Roy Nominees when I have a "wobble" here.

At present Mark is seemingly happy with the current share price In one of many contradictory statements CRV state that they will continue to value their acquisitions at the purchase price irrespective of progress and growth since. Why?

Then as Jackal points out "'In the period several of our holdings have undergone significant restructuring. We believe this will result in enhanced earnings and increased valuations in future periods" - You cant have it both ways....

What will prompt the decision to finally revalue these business? When Mark is good and ready is my only conclusion.

Perhaps the share price is not relevant to current deals as they will use Desmond money? Perhaps the £1.15m is on its way from Dublin so they will be cash rich? Perhaps one of the disposals is finally coming to fruition?. Perhaps the lower the NAV is now the more they will earn in fees when they do deliver on some deals?

[karina] 05/3/2015 14:34

LSE Posts

Although not surprised by the interims, afterall it's only 3 months after the results, there is a change in the wording. Terms like 'your company' has never been used before. I imagine a suggestion maybe from SPARK. They may have suggested the company do have a responsibility to existing shareholders which of course they do. I've been here over 2 years and this is around the price I originally invested. I have taken the opportunity twice to de-risk, and take some profit on the 'spikes'. Some that has gone back in here on the drops, but it is very disappointing to see us back to this level. At the same time, the company are in a stronger position, more investments, seemingly more backing from Desmond and some larger shareholders on board. If I was looking in for the first time, I would still be interested certainly based on the interims and the wording used. The fact they are looking at larger transactions is straight away a positive step. I like this part - 'In the period several of our holdings have undergone significant restructuring. We believe this will result in enhanced earnings and increased valuations in future periods.' As a longish term holder it is frustrating the price, but as a newbie I probably would be very keen to invest at these levels.

[smithie6] 27/2/2015 13:20

bwt
can anyone prove that the MD does in fact still own the % of the co. that is given in the accounts ??

Often cos. issue RNSs to report that dirs. have sold shares ...X weeks or months before the statement.

(if a big shareholder lent their holding to a cover co. listed in Panama...which they also owned.....and then sold all the shares.....with the lender accepting the risk since they know the shares will fall perhaps !...

would that be reported as that big shareholder havent sold the shares or still owning them ?
he could say he still owns them.....just out on temp. loan, with g'tee that they will be returned...

(seller then buys them back at some time, (at lower price) or exercises options to obtain shares !.....and returns them to the owner, which could be himself in reality)

If such a deal took place...then the gain made goes in to the pocket of the big shareholder, owner of the Panama cover company.


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