Crystal Amber Share Discussion Threads

[p1nkfish] 25/7/2019 08:53

Fact Woodford was heavily invested is also worth thinking about.

[p1nkfish] 25/7/2019 08:25

There's a very valid point in that.

[quepassa] 25/7/2019 07:30

surprised Crystal Amber hasn't fallen further since the announcement of the Sudan affair at De La Rue where CR has a significant stake.

having picked two dogs like De La Rue and Cenkos, significant question marks are raised for me over their stock-picking choices and skills.



all imo. dyor.
qp

[carcosa] 24/7/2019 05:19

16% decline in the share price as a consequence of the SFO enquiries related to South Sudan. These things can take a very long time to resolve (the merits of which often ignore what goes on in the real world, but that's another story...). Companies now have a strategy for dealing with such things which usually goes along the lines of 'sorry, will not do it again, the people involved have already left the company, have assisted SFO in every way possible, put in new policies and procedures and oh by the way management have also changed'.

Whatever the fine, if there is one, will be treated as a one-off exceptional.

Given that DLAR management have recently said they are '..committed to the highest standards of governance...' then this plays into CRS aims very well indeed.

All in all this is positive for CRS activism.

[p1nkfish] 23/7/2019 20:32

DLAR slump today.

[carcosa] 23/7/2019 11:13

dj, Not sure that is entirely true. 1607 took 10.34% which implies 5.63% went elsewhere.

[daffyjones] 22/7/2019 20:41

Woodford's entire stake in Crystal Amber was sold off-exchange to US hedge fund 1607 Capital

[melody9999] 20/7/2019 17:37

even better Carcosa - thanks for info

[carcosa] 20/7/2019 08:40

Woodford owns no shares in CRS as confirmed by CRS "Crystal Amber confirmed in an email to Dow Jones Newswires that Woodford Investment Management had sold its entire stake"

[melody9999] 20/7/2019 07:46

SP fall caused by Woodford selling out. Now he owns <5%, the share price should recover

[melody9999] 20/7/2019 07:36

SP fall caused by Woodford selling out. Now he owns <5%, the share price should recover

[p1nkfish] 19/7/2019 19:12

Agreed it needs change. Would prefer it to remain independent though.

[kooba] 19/7/2019 17:09

Well DLAR made a huge effort to hit out at a shareholder questioning the management of a company that has been in decline for over a decade.We have heard their side of the story but ultimately the ceo is going the chair is going and the business is being restructured much because of RB activism.The chair has indeed overseen a period where the company has drifted without any strategic strength under a ceo appointed by him..the fact he was at Carillion before its demise is hardly a reassuring fact.The management renumeration is obscene in the current circumstances and doubt RB the only be concerned,Sooner someone takes DLR out the better while there's still value.

[p1nkfish] 19/7/2019 15:10

Bought recently too earlier this week.
The DLAR rebuttal to CRS was well written and thought out but change is coming anyway and CRS should benefit.

[carcosa] 19/7/2019 11:40

Have just tweeted:
#CRS Woodford sells entire holding (confirmed by @CrystalAmberRB1 today). Catalyst for me to make my first new trade for several months. Now a #CRS shareholder. Discount to NAV not as much as I would like but happy with activist portfolio going forward.

[peter27] 19/7/2019 11:24

We now have the rns confirming Woodford has sold so we should get back to reality and see what else they can do with De La Rue.

[kooba] 19/7/2019 06:20

Purchased 500k at 190p so obviously were involved in the transaction..probably set it up!So repurchase at 23% discount to nav ..all accretive of nav for holders.

[dangersimpson2] 18/7/2019 17:47

Yes I think you may be right, there was a 16m trade printed late yesterday that I'd missed which I think is the woodford sale, the other larger trades are the people who have taken the other side of the trade. I'm hoping CRS has taken as much as possible as a buyback.

[kooba] 18/7/2019 15:15

Yes Woodford must be all out which hopefully clears the overhang...also ex dividend today 2.5p.

[edwardt] 18/7/2019 13:18

rns on this today or tomorrow. my guess is he is out.

[dangersimpson2] 18/7/2019 12:43

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.

[edwardt] 17/7/2019 20:16

Looks like woody has found a home for his....

[kooba] 15/7/2019 12:13

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