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Share Name Share Symbol Market Type Share ISIN Share Description
Crystal Amber Fund Limited LSE:CRS London Ordinary Share GG00B1Z2SL48 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.52% 96.50 96.00 97.00 96.50 96.00 96.00 187,750 16:22:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 3.3 0.3 0.4 253.9 86

Crystal Amber Share Discussion Threads

Showing 376 to 399 of 600 messages
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
DateSubjectAuthorDiscuss
18/7/2019
14:15
Yes Woodford must be all out which hopefully clears the overhang...also ex dividend today 2.5p.
kooba
18/7/2019
12:18
rns on this today or tomorrow. my guess is he is out.
edwardt
18/7/2019
11:43
yeah the additional 500k @190p has to be Woodford selling again surely. Although as far as I can see the latest disclosure is that Woodford held 15,764,788 on January 16th 2016 as the last holding RNS. So even with the 1.2m sold to the company & management of CRS you would think he has more to go. Explains the widening discount. Hopefully CRS can take as much as possible at 190p, would improve NAV even if they had to reduce fund positions to fund it.
dangersimpson2
17/7/2019
19:16
Looks like woody has found a home for his....
edwardt
15/7/2019
11:13
Discount to nav does obviously reflect short term uncertainty around their shareholders rather than their shareholdings. As an IT it is fix end so will not be impacted by liquidity issues of UT.There also does not appear a major overlap with WIM especially amongst the larger holdings.What also normally would be highly significant in valuation would be performance and on this over 3-5 years it appears CRS comes out well.http://citywire.co.uk/funds_insider/investment-trusts/best-investment-trusts-by-sector.aspx?citywireclassid=48
kooba
15/7/2019
10:56
or maybe the market might think that the value of some of the portfolio holdings may go down further. good luck. hope it works. personally i remain unimpressed by the recent share price performance and particularly by their seeming lack of clout as an activist investor. it is clear that their share buy-back programme has not stopped the recent slide in share price and one can but wonder to oneself how much further the share price may have fallen without such a programme. all imo. dyor. qp
quepassa
15/7/2019
10:38
Yes they have had a few poor performers but the overall NAV performance has not been bad. I can understand why sentiment may be weak but that's also what gives opportunity as people overreact to negative news.
dangersimpson2
15/7/2019
10:28
you don't think the markets are difficult.....but you do reference the unsavoury Woodford affair.... ?????...well if that isn't a significant difficulty which has had a major impact on sentiment and appetite for small cap and illiquid stocks, I don't know what to think. and also look at some of the really poor performers in CRS stable like Cenkos and De La Rue.... personally, i see a 20-25% discount as a realistic in today's difficult markets, especially with some of the underperforming assets in their holdings. all imo. dyor. qp
quepassa
15/7/2019
10:11
While a discount of 20%+ isn't unusual in closed-end funds, it is unusual for CRS which often trades at a very small discount. I don't think the market is that difficult and volatile for such funds. GHS discount has narrowed from almost 30% to 15% in the last 6 months or so; DSM is on a 10% discount and arguably has a much riskier portfolio. WPCT is at a big discount but we all know the real valuations on that are nowhere near the stated NAV in the current fire-sale environment. I wonder if the current discount it is a spillover from the Woodford debacle given that they shared a few cross-holdings. If the 194p seller that CRS bought back shares from was Woodford getting out that would be very good news from both the overhang being removed and the discount to NAV of the buyback.
dangersimpson2
15/7/2019
08:53
I would suggest great circumspection in today's difficult and volatile markets. And I would suggest that for a fund 1. invested with relatively chunky portfolio holdings in generally small-cap stocks which are somewhat illiquid by their very nature 2. and/or invested in other distressed/unloved stocks that a discount To NAV of 20-25% is , in this difficult market, neither wholly unreasonable, nor surprising. ALL IMO. DYOR. QP
quepassa
15/7/2019
08:27
Think your discount looks about right certainly over 20%.The investment manager buying a decent amount end of last week round here also bodes well...Mr Bernstein through his investment management company already significant holder so aligned.Unfortunately what were strong and supportive holders in WIM and Invesco are under the pressure and hence the discount...this will get resolved over time so current discount hopefully a good opportunity...also you get a 2.5p dividend payable to shareholders on the register as at 19 July 2019 with an associated ex-dividend date of 18 July 2019 and a payment date on or around 19 August 2019.
kooba
15/7/2019
07:33
Bought in this morning at 200p.
gostevie63
14/7/2019
14:25
Interesting that last week as HUR rose CRS fell in tandem. No idea why.
jonthetourist
14/7/2019
08:46
I now have this on a discount to NAV of over 23%... much higher than any discount in recent years. On this basis I bought in some size on Friday at 196p. If you want to see my calcs, just PM me.
melody9999
30/5/2019
07:42
De La Rue - one of Crystal's major holdings down a whopping circa 26% this morning on the back of a poor outlook in today's results. DLAR was Crystal's 4th largest holding representing 25.9p of the fund's NAV as at 9th. May 2019. DLAR have held their divi this year but on the back of the weak outlook, one can but wonder to oneself if they will be able/willing to hold the same divi in the future. ALL IMO. DYOR. QP
quepassa
14/5/2019
02:04
Just to mention Richard Bernstein of Crystal Amber will be doing a keynote presentation at the Mello2019 event in Chiswick, London W4 which starts this Thursday... Https://melloevents.com/upcoming-event/ There are over 60 companies coming to the event and some great speakers and panel sessions. You can get tickets at 30% discount if you use the discount code Advfn30 before 16th May
davidosh
03/5/2019
09:41
as i say , in the spread.
edwardt
03/5/2019
09:30
LEAF up 170% so adds about 4.6*1.7 = +8p to CRS shareprice/NAV
phowdo
03/5/2019
09:21
it is in the spread already...
edwardt
03/5/2019
09:01
Share price very slow to react to the LEAF news, and I guess I know why now - it isn't exactly a closely followed stock!
hpcg
07/3/2019
19:10
From Crystal Amber half year report:-'Hurricane's Lancaster EPS remains on time and on budget for first oil in the first quarter of 2019'.Hurricane energy states first oil in H1 2019 not Q1.The above statement in their half year report is misleading and trader Richard Bernstein of Crystal Amber should point this out to its shareholders and interested partners.
gary38
11/2/2019
14:04
Confirmed ALM holding. Woodford and crystal seem to be interconnected in a few holdings.
bobonumber1
18/1/2019
10:06
I didnt say Trader Richard Bernstein of Crystal Amber should not SELL INTO EVERY RISE , which he has been doing since trading HUR shares for over 4 years,l am only giving a reason why the share price is not rising to its true value so those new to the board can understand what effect a big trader like Richard Bernstein can have on a share price.I would not again invest in a company that had traders like Richard Bernstein involved because l have seen the effect he has had on Hurricane energy share price and the company.Richard Bernstein states that he sells into share price rises as a matter of trading style.
gary38
17/1/2019
12:28
CRS got lucky when Patisserie Valerie refused to take its rescue finance. Turns out it’s much worse than expected with last years profits not the likely much lower £12m but rather nil! I bet RB is now sending his very best wishes to Luke Johnson for telling RB to go to hell a few months ago.
davidblack
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