Craven House Capital Share Discussion Threads

[karina] 05/10/2015 11:27

LSE Posts

Well this is thrilling....

However this may be of interest -

According to the FT the RTO transaction value of Qeton into Desmonds is £272m.......

As Qeton appears to be a shell I assume thats the value of AP Vos and Desmonds?

Craven appear to have set up a new holding company as a Plc with the same director as Qeton. CRV will not confirm or deny this, so far.....

£272m would do......

[karina] 03/9/2015 15:21

RE: Moved upToday 13:54MMs willing to take shares at 0.52p as we can see, they certainly seem very keen to get them..

Any momentum buying would see us fly North, it may take the long awaited news for that, but it is looking a little more encouraging.

[karina] 27/8/2015 12:09

It was my 500k buy this morning

[karina] 27/8/2015 12:08

Without doubt Karina this could be seen as a "once in a lifetime opportunity" to make serious money. Considering that CRV acquisitions in the past have ALWAYS been conducted with shares at a valuation of 1.25p, it is very hard to imagine them doing any sort of deal below that. Mark Pajak has already stated he would not drop below that figure anyway.

Like yourself I sleep easily at night, but also of course get fed up/bored with the current waiting..Others aren't joining in because they either don't fancy the "jam tomorrow" bit, or prefer to buy at a much higher level once everything is confirmed.

I have often stated that I would be a bit more cautious if we didn't have huge assets and money in the bank, but we do..and downside risk is miniscule imo.

[karina] 27/8/2015 12:08

I seem to recall Sir David paid 56 for some of his?

Bit of a stalemate at the moment, no PR to attract new investors and us LTHs seem loathed to invest above our averages......

With what we know abut the potential here and the setting up of a new vehicle for what we suspect is an RTO, may we kick ourselves at not being braver? I am HEAVILY invested here already but do think this presents a once in a lifetime opportunity....... time will tell

[karina] 27/8/2015 12:08

A lot of heavy money entered in the 50s Steve, and when one considers that Evan Kalimtgis came from nowhere to now own 26.4%, I seriously doubt that he is anything other than in the loop.

Its all very boring and frustrating waiting as its been an eternity since the last deal, but all the clues are there, and I would rather be in than out

[karina] 27/8/2015 12:07

RE: CRVWed 16:18Agreed TC, new buyers aren't likely. After Karina's find earlier this week I think I remember 2 or 3 existing holders saying they might add. I may myself but probably only 400k or so at most. Would take my average up slightly but I'm not worried about that when big holders are paying above that anyway

[karina] 27/8/2015 12:07

More LSE posts to fill the time.....

CRVWed 16:00What would throw a spanner in the works would be if other buyers appeared, that seems highly unlikely at this time as people generally need a reason to invest, and unless you have a long term view you aren't going to put money in here.

But surely we must be close?

[karina] 25/8/2015 17:18

CRVToday 16:25That 1m trade is a bit odd. Must be a sell and if so they've raised the bid on the back of sells. If so then they must be desperate for shares to fill an order.

RE: CRVToday 17:15I would say that's almost certainly a buy Steve, looks exactly like the type of trade Evans or Sir Davids broker can conjure up, whilst us mere mortals are being asked to pay 49p.

I would also suggest they are in for many, many more given the change in limits today......

[karina] 25/8/2015 14:38

TullyCrow
Posts: 818

Even after those 2 sells the MMs are wanting shares badly, they will currently take 3.75m if you are that way inclined..

It certainly suggests there is a huge buy in, or maybe they have read the posts on here..

[chumpster10126] 25/8/2015 09:43

Outstanding investigation Karina, many thanks indeed. The wait continues....

[karina] 24/8/2015 20:23

Karina1 527 posts
RE: CRV
I have had a look at Craven House Industries this afternoon TC Its articles state-

"To carry on business as a holding, investment or management company by the acquisition or upon the security of shares, stocks, debenture stock, bonds, bills, mortgages, obligations and securities of any company or any other entity or body"

The share capital is 50,000 euro and the shareholder Desmond Holdings Ltd, Hong Kong.

Mark had to give permission from Craven House Industries for the incorporation, Craven House Industries are part of CRV. "The group financial information includes the financial information of Craven House Capital plc (‘CRV’) and its subsidiary undertaking, Craven House Industries Limited (‘CHI’). CHI was incorporated during the year ended 31 May 2013 under the laws of the Republic of Ireland and as such, the 2012 figures presented relate to the Company only as no group existed as at 31 May 2012. CHI acts as an intermediate holding company for the Group’s investment in Finishtec – Acabamentos Tecnicos em Metais Ltda – ME. CRV owns 95% of the issued share capital of CHI."

[karina] 24/8/2015 20:23

TullyCrow 815 postsCRVAnybody else think its unusual that the new company formed in Ireland is called Craven industrial holdings?, bit of a coincidence isn't it? I have always fancied as you know a takeover at some point. We have the VOS deal with Desmonds investments worth $32m, who then proceed to takeover Qeton, then they form a new company 3 months later, it must be all linked surely.. The common denominator in all this? Mark Pajak.

[karina] 24/8/2015 20:22

Karina1 527 postsRE: I had a phone call from Mark PajakThis is interesting - A 'concert party' is a group of people acting in concert in a takeover bid. In the UK, there are rules for such bids, regulated by regulators such as the Takeover Panel. There is a 30% threshold at which a Mandatory Offer must be made. This is considered to be reached when a concert party jointly hold 30% of the shares in a company, not when one of them does. The same applies to other financial instrument holdings such as derivatives. Some entities are presumed to be acting in concert unless shown otherwise. These include the directors, subsidiaries, associate companies and the parent company of the bidder. Even entities that are not part of a concert party may find that rules applying to them: they are required to disclose dealings in the share of the bidder or the target. These "associates" are people who have an interest in the outcome of the bid (other than simply as shareholders) but who are not deliberately acting in concert with the bidder

[karina] 24/8/2015 20:22

Karina1 527 postsRE: I had a phone call from Mark PajakLast two transactions handled by Spark SPARK advises Verdes Management on reverse takeover of REACT July 29, 2015 SPARK advises Inspiration Healthcare Limited on its reverse takeover by Inditherm plc May 26, 2015 The more I think about it the more I am convinced that an RTO is on the cards here. How else would Evan and Mark realise their share holdings? Anything over 1.25 will do me fine ;-)

[karina] 24/8/2015 11:33

You can buy up to 250k at 0.45 currently, I have added a few more this morning.

[karina] 24/8/2015 09:10

Rusty9717 72 postsRE: I had a phone call from Mark PajakThanks for taking the time to post Scargs and sharing that information. Hope you had a good holiday. Nice to see all the bits coming together, slowly yet surely.............. I have always fancied this as all or nothing and have taken a big gamble having such a large chunk of my PF in here. Thanks to Karina and Tully for there continued research and sharing with the regular readers or posters. I can't believe how un fancied we are but when the inevitable news is released we can sit back knowing we are all well in and we can watch the ride up. I don't think I'm being unrealistic to one day say this share could well worth pennies. Well let's hope so anyway. At the time of writing it would appear Gillingham are top of the 1st Division so the planets are aligning! Have a good weekend everyone..........

[karina] 24/8/2015 09:09

Scargs 79 postsI had a phone call from Mark PajakApologises about this delayed post, but I have been away on holiday. About three weeks ago I emailed Mark and asked him to ring me so that we could have a general, none sensitive chat about CRV. Mark kindly emailed me back by return and said he would ring me the following week. Bingo, the following week I received the much anticipated call and we had a ten minute, general, non sensitive, professional, adult conversation about CRV. Mark did not discuss specifics, but I do firmly believe that a lot of work is going on in the background and that something is quietly cooking away. Mark came over as an extremely professional and competent CEO and I am of the opinion that our LTH's patience will be well rewarded. The last few recent posts by Tully Crow and Karina 1 add a few more pieces to the jigsaw and I will be buying more shares. Good Luck to ALL LTHs.

[karina] 24/8/2015 09:09

The mystery deepens..The same faces i.e Winters and Pajak were involved in Qeton, which as we know were taken over by Desmond Investments. That was only in March, now another company is formed, why I wonder? DESMOND INVESTMENTS LTD. 1600 – 609 Granville Street Vancouver, British Columbia V7Y 1C3 Tel: [phone] Fax: [phone] DESMOND ANNOUNCES DEFINITIVE AGREEMENT WITH QETON March 2, 2015 – Vancouver, BC – Desmond Investments Ltd. (TSXV: DLC, "Desmond" or the "Company"). Further to its news release dated December 22, 2014, Desmond is pleased to announce that it has entered into a definitive share purchase agreement (the "Qeton Agreement") to acquire all of the shares of Qeton Ltd., a private Irish company. The Qeton Agreement is the second of two agreements entered into by Desmond in connection with a transaction (the "Transaction") that is expected to constitute a reverse takeover under the policies of the TSX Venture Exchange (the "Exchange"). As part of the Transaction, Desmond previously entered into a share purchase agreement to acquire all of the shares of AP Vos & Sons (Pty) Limited and its related companies ("Vos"). Vos owns the farming operations of mixed fruit and macadamia nut orchards in South Africa. 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.

[karina] 24/8/2015 09:08

TullyCrow 813 postsCRVI see Brian Winters who is Mark Pajaks co director in he new Irish company is experienced in the following: Age Range:40 - 44 years of age Address:Clontarf, Dublin 3 Associated with these Industries: Trade and Retail , Agriculture , Transport , Legal and Other Business Activities , Real Estate. I like the agriculture bit.

[karina] 24/8/2015 09:07

LSE postsFri 13:50 Price: 0.46Karina1 523 postsRE: further still..Thanks for all your efforts TC, much appreciated. Is the jigsaw finally coming together? Craven Industrial Holdings Public Limited Company was set up on Tue the 30th of Jun 2015 in Dublin 2. Their current status is Normal. The company's current directors Mark Pajak and Brian WintersOff Topic Strong Buy

[rusty9717] 10/8/2015 18:38

Nothing to talk about Spazz.
BOD refuse to promote the company.
No reason to buy.
No reason to sell.

Stalemate.
Simple.

This BOD continually talk about transformational deals and have done for 16 months.
Shame they can't actually close any.
Always an excuse I'm afraid.

[spazzz] 10/8/2015 13:49

Shhhhhhhhh ... Hibernation time on this ADVFN board!
Come to think of it this might be true in the case of the CRV Board of Directors too!

[karina] 10/8/2015 12:19

TullyCrow 801 postsRE: CRVMorning Charlie129, I trust you are well on the way to a full recovery from your op. As for the rumour mill..I spoke to a director last week and am confident that there is a big deal currently being worked on, also at least one other significant shareholder spoke to Mark Pajak recently (its up to them whether they wish to share that on here). I am certainly not worried, BUT..I would be if we didn't have considerable assets which dwarf our current MC of £3.5m. Assets such as what we have like land & agricultural interests are ready made cash, so I see very little downside, but that's opinion only. There were no trades whatsoever the whole of last week, that tells you how far under the radar we are, and the blame for that can be firmly laid at the feet of CRV.

[karina] 31/7/2015 09:29

TullyCrow 799 postsRE: HotWell said Karina, the board don't look like they are interested in taking warm showers with their shareholders anytime soon. But..I did speak to one of them yesterday and very happy to keep my holding, they certainly haven't been idle, their problem is communication. EK bought for a very specific reason, there is no doubt about that. FWIW Things might be turning as they will only sell 150k at full 0.45p (currently), that is down from 1.5m yesterday. It can of course change anytime.