Crystal Amber Dividends - CRS

Crystal Amber Dividends - CRS

Trade Now

Capital at risk Advertisement
Stock Name Stock Symbol Market Stock Type
Crystal Amber Fund Limited CRS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 114.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
114.00 114.00 114.00 114.00 114.00
more quote information »
Industry Sector

Crystal Amber CRS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

wbodger: It's not 50 pence coming up, it's 60 pence. Here's the quote from the June 30 RNS. "Following the payment of the 10p a share dividend to shareholders in February 2022 (representing a gross return of £8.3 million), the Fund expects to return a further 10p a share (representing a gross return of £8.3 million) by mid-August 2022 and to have returned an additional 60p a share (equivalent to £50 million) by the end of September 2022." If HUR does not look like fetching the price RB thinks is right he may have a roll over in mind just for that holding. He is not likely to release it for less than it's worth just because of the winding-up. The pressure to pay the special dividend is self imposed (from CRS's own RNS) not from Saba. The improvement in DLAR may have to do with short contracts closing, again Saba related? Just a guess. EQLS sales were reported as a fall from 9.97% from memory to 5.81% and I calculated there was enough cash elsewhere to make up the 10 pence payout. Since that sale EQLS have put on another 10 pence. All good! (Except ALM!)
kooba: With the signs of recovery in Hurricane and De La Rue and the continued rerate of Equals (albeit more sold on the rise) would be surprised if the 10p dividend (ex 14th July) wasn't made back up already. Hopefully Nav still close to 150p therefore current share price still at 28% discount to assets. Hurricane the most important asset now but with debt now repaid and cash in the bank this is substantially de-risked. I would imagine CA are keen to monetise the situation using their strategic stake , along with Kerogen they could put Hurricane on a plate to the right buyer.The Hurricane holding currently worth about £49m or 59p per share.If they can secure a premium exit on takeover at around 12p would be worth over 80p per share alone.Lets see how this plays out, if they managed to monetise the holding and make scheduled payment..would leave the balance of holdings at a huge discount to NAV.
plasybryn: Update on shareholder returnsThe Fund previously announced, based on the Investment Manager's assessment of the status and timing of anticipated corporate transactions, that it was targeting additional shareholder returns of at least GBP40 million or 50 pence per Share before 30 June 2022. The payment of the 10p a share dividend to Shareholders on 9 February 2022, representing a gross return of GBP8.3 million, was the first shareholder return towards achieving that target.As stated in the Company's circular to convene an EGM (extraordinary general meeting), dated 15 February 2022, the Fund, having consulted with several shareholders, determined it was no longer considered to be in the interests of the Fund to impose a fixed deadline but would retain 30 June 2022 as a target.The Fund is pleased to provide an update on shareholder returns based on the Investment Manager's and the Board's current assessment of the status and timing of anticipated corporate transactions. Following the payment of the 10p a share dividend to shareholders in February 2022 (representing a gross return of GBP8.3 million), the Fund expects to return a further 10p a share (representing a gross return of GBP8.3 million) by mid-August 2022 and to have returned an additional 60p a share (equivalent to GBP50 million) by the end of September 2022. If these distributions can be achieved, this would bring total returns in the first nine months of 2022 to 80p a share (equivalent to GBP66.6 million).
astralvision: CousinIT the 10p was classed as a dividend, I don't believe it's included in the target 50p return, but I could be wrong, either way I will be happy with 40p, or 50p, or a longer wait!
brucie5: I realise talk of 'dividend' is a bit of a misnomer here, since any cash will surely come from cash realisations of assets. Nevertheless, the main point here is that those assets are currently discounted at up to 30%, so hopefully, the realisations will also be returning actual value to shareholders, as a proportion of that discount.
brucie5: Can anyone tell me why Stocko has the divi here at 10.73%? Marketbeat has 17.32% Advfn has zero. ???? Thanks.
spectoacc: DLAR - CRS still in them? "At the time of the Half Year results, the Group referenced the increased commodity and energy costs, and challenges in the supply chain. Since then, the significant headwinds, primarily relating to the Covid-19 pandemic, have become more pronounced. The Omicron and Delta variants have caused substantially increased employee absences in our manufacturing facilities globally, which will result in lower total operational output for the full year. More recently, the Group has also been affected by supply chain shortages in chips and other process raw materials and has experienced a degree of supply chain cost inflation. As a result of these external factors, the Company now expects adjusted operating profit for the full year to be broadly similar to last financial year, in the £36-40 million range, versus market expectations of approximately £45-47 million.."
mrscruff: We only have the details in the RNS on the 50p dividend 6 months time. No details on the final date is possible due partly I think to the one private equity holding. CRS management will have to work hard to abstract as much money as possible. The CRS share price has dropped with the fall of the live NAV that I have set up however the live companies are starting to recover from this weeks falls and the discount possibly even wider. This is an buy and hold mostly on a few UK companies. Time will tell how well they do but be clear this is an 6-18 month investment if you decide to invest.
thirty fifty twenty: hi Centipede Saba have given themselves a 'guaranteed' profit. i.e. they have bought shares (say DLAR for example) at a c.30% discount to the market value. then they hedge their position with a short in the market. thus whatever happens to the DLAR share price they have a c.30% profit as their effective buying and selling prices are so different. i considered doing the same myself but when i looked at the individual holdings i felt that they all had upside potential so my own strategy was to use the 'safety net' of the CRS discount as a way to play the upside in the stocks. DLAR, HUR, EQLS are (IMHO)each interesting + potential bid candidates. it all changes because CRS are now a seller of transformative stakes, so a competitor would never have considered making a hostile bid, but now with a willing seller it can 'easily' make a friendly bid to extract value. of the 5 quoted stakes i am hoping that just 1 will lead to corporate activity at a 20% premium to the market price. this is also likely to happen within 6 months rather say 2 years. i am hoping that 2 will be liquidated/sold on at close to market value. and i am expecting 2 to be part of a tail that will take 12mths plus to sell (at maybe 20% less than market value) this scenario gives me >20% returns p.a. with very little downside time will tell..... certainly the recent 10%+ move in DLAR a few dyas before the vote is interesting. i rather like SUH. it is backed by property assets and marinas. as a stand alone it is risky but i do think that CRS selling their stake could lead to value being crystalised (excuse the pun) All IMGO, DYOR + BoL CRS is in my top5
spectoacc: It's in Saba's hands. They own more than 25% of CRS, and the continuation vote needs a 75% majority. Saba have said they'll vote against. CRS could buy them off somehow, but have to ask why Saba have short-sold CRS's holdings, if they were going for anything other than a winding-up. Some sort of in specie transfer - maybe, but CRS is already sub-scale. Agree "reorganisation" (and "reconstruct") are vague. It's hardly a complicated structure. How easily would the unlisted (two?) be realised I wonder. No indication CRS have actually spoken to Saba - reference is to the, ahem, "diversity of voting" in 2020. Other than selling down ALM, R Bernstein seems to be continuing as normal, so perhaps there's something up his sleeve.
ADVFN Advertorial
Your Recent History
Crystal Am..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220808 17:15:44