Craven House Capital Share Discussion Threads

[daicaprice] 12/2/2020 08:22

Everyone whose been here over the years has always come up with the same question but not really a comprehensive answer.

DC

[baner] 12/2/2020 08:19

the principal underwriter at $10 seems to be an insider and is also a rather well-known player in the financial markets........there must surely be more news around the corner - why on earth would he otherwise commit $1m at such a price?

[daicaprice] 12/2/2020 08:11

Placing at $10, Nav of $9+, price $4 I’ve never understood this share and don’t think I ever will.
Keep meaning to tuck a thousand away and forget about them.

DC

[still waiting] 28/11/2019 19:02

Still remember seeing the Brazilian beach front on Google earth, do they still have that.

Lost off with what they're up to now tbh.

[daicaprice] 28/11/2019 18:38

Wow, any of the old crew still here?

DC

[baner] 28/11/2019 16:02

maybe he "knows" what is stated in the official accounts; TNAV nearer to $10/shares vs market price $2/share ? even if values are inflated the company is debt free-ish so risk/reward is maybe what he sees in this - plus the fact the BOD has committed the company to buy back $5m worth of shares up to the TNAV!?

[daicaprice] 25/11/2019 14:40

Gyllenhammar now a fraction under 20% holding, he must know something.

DC

[daicaprice] 21/10/2019 16:49

Strange drop on no volume and a rollover?

DC

[smithie6] 26/9/2019 12:43

well done Smithie6


the share price chart since 2016 says you were right, again !!

[cjohn] 11/7/2019 09:04

LMFA has potential.

But so far, CRV's investment is in the red.


In view of CRV's likely purchase of more LMFA, you could take a flutter on LMFA for that reason. But it would be a flutter. CRV's decisions are rarely foreseeable. They might not go ahead and buy more.

[ih_255476] 07/3/2019 21:13

Hello, from the US any thoughts on the LMFA relationship here? anyone purchasing shares of lmfa? thanks for any input

[daicaprice] 28/2/2019 13:44

Hi mate, you boys have certainly had to be patient but it does look as if things may start moving soon. Good luck.

DC

[rusty9717] 28/2/2019 13:40

Hi DC
The pain still continues for the small band of merry PI`s.

Like death by a thousand cuts.
Hopefully share buy back will commence shortly, providing they don't do the usual, ie BALLS IT UP.

[daicaprice] 27/2/2019 17:24

Somebody got wind of that at 3.30pm, are you boys still in here K?

DC

[karina] 20/11/2018 15:25

Has always been the last day, Pajak needs time to research his Mark Twain Quotes.....

Buy Back will be "advertised" in the Times in a couple of weeks time I believe

[mortimer7] 20/11/2018 15:18

Annual results due soon I believe. That said, they usually leave it till the last day - so probably 30th Nov.

[karina] 14/11/2018 13:01

LMFA holders will certainly be having a good day!

Looks like the share buy back is behind schedule, not unusual for CRV

[cjohn] 14/11/2018 11:31

I think it's a good buy.

LM Funding America - fintech company - buys delinquent accounts off community associations.

It made a heavy loss in 2017, worsened by a series of one-offs, which slaughtered the share price. The high since flating on NASDAQ, end 2015, was close to $90. CRV now owns 31.5% of the company - buying in at $2.40, a premium to the current market price which is around $1.80.

In the first half of 2018, LMFA was pleasantly profitable, If that continues, they've bought these at a steal.

[karina] 14/11/2018 08:33

Still here DC. I think the market reaction to the RNS about sums it up.....

[daicaprice] 14/11/2018 08:17

Any of the old school still here? Views on today’s RNS.

DC

[baner] 16/8/2018 14:33

CJohn

spot on!

[cjohn] 16/8/2018 12:02

It's unlikely that they will be able to buy back enough shares in the market to reach the limit of shares they've set.


That doesn't matter: it's only a limit. The effect of the buying should be to move the price up to the $10 per share limit. This is obviously positive for all holders.

If they wanted to take it private,they could have offered to buy shares at a price well south of $10. So that idea makes no sense.


I already have a large holding here, otherwise I'd buy more.

[rusty9717] 10/8/2018 10:31

Like I said baner I have no idea what they are up to?
No one ever does really. Been here over six years and the phrase smoke and mirrors is banded around regularly but this share epitomises this.
There is only approx 3m shares in free float, they can't buy in the open market as there just isn't the liquidity surely?
Those PI's that are left I think have there heels firmly dug in for the end game so where will they get these shares from.
Really don't know and certainly don't profess to be an expert so happy to pin my ears back and learn........
Regards
Rusty

[baner] 09/8/2018 16:47

rusty

not so smart to announce a buy back if your intention is to take this private.......???? how did you get to that conclusion? if NAV today is $10/share and they can buy back 1m at $5/share, the pro forma NAV will increse to $15/share - that is how this works. so again, not so smart to pursue this before announcing an intention to take the company private. to buy the shares at $5 however appears to be a good bet.