Crystal Amber Share Discussion Threads

[spectoacc] 28/1/2020 10:17

Worse, did you see EQLS yesterday and today?

DLAR, NTG stable at least, and the ALM tank was divi-related, but still - where are the winners? There are none.

117.5p Invesco dumped at I believe - if not for CRS continually buying its shares, we'd be below there IMO.

[hugepants] 28/1/2020 10:11

I expect the NAV is taking a further hit; Hurricane at only 23p now.

[p1nkfish] 24/1/2020 11:53

Dlar CFO gone after 18 months. Wonder if Crystal had anything to do with it.

[edwardt] 09/1/2020 13:22

love the fact activists are investing in an activist fund - wonder what their modus operandi is? Live by the sword.....

[spectoacc] 25/12/2019 20:41

Clearly see more value in DLAR.................. ;)

[contrarian joe] 24/12/2019 17:56

According to below,they have sold most of cnks,i can't understand why you would sell one of your better value plays,"smacks of desperation", or as he completely lost the plot.

[spectoacc] 24/12/2019 10:24

Fair point - I've been told it's cash but can't rule out that changing, they've clearly got the leeway.

[flyfisher] 24/12/2019 10:16

They havn't said that. The method of return is yet to be confirmed.

''Allied Minds intends to return proceeds to shareholders via a special dividend, share buyback or other method, and will evaluate market conditions and other factors, and consult with shareholders on the preferred method of capital return. ''

[spectoacc] 24/12/2019 10:04

ALM are paying out c.12p/share in cash, tho the main uncertainty is the date. Tho I like the Invesco idea :)

[flyfisher] 24/12/2019 10:03

Possibly, but it depends upon how ALM distribute, they could distribute by a discounted tender at a price that only invesco would accept.

Perhaps CRS should approach invesco with an offer of an in specie transfer of a couple of holdings, for their stake in CRS.

[spectoacc] 24/12/2019 09:50

They know there's a fair bit coming back on ALM sometime in the new year mind.

[flyfisher] 24/12/2019 09:35

They have insufficient cash to sort out the big picture, and are confined to window dressing.

[spectoacc] 23/12/2019 07:36

They did buy back some more, but at just over 125p and only 25k, no mention of the many at 117.5p. Missed another trick.

[gary38] 21/12/2019 16:15

A lot of long term investors see investing in shares that CRS have in their portfolio as high risk, because of their trading style of selling into every rise which stops the share from reaching its full value,with only the hope of a buyout.

[gary38] 21/12/2019 16:06

Totally agree.

[spectoacc] 19/12/2019 20:34

117.5p! Ouch. Wonder if the buyback took a few. On the plus side - they got the XD ;)

That seems a fair price for whoever bought - DLAR had yet another dive today, & still looks binary.

[flyfisher] 19/12/2019 17:44

Some large trades today - invesco selling?

[spectoacc] 19/12/2019 09:28

XD today. Still seen no reason to buy. Would much rather no buyback & shares find their own level.

[quepassa] 18/12/2019 07:36

DLAR does what it does.

It is NO COINCIDENCE in my opinion that they have chosen "an insider" (a highly trusted former Director) to be the new Chairman and an outsider to be CEO who is billed as a turnaround specialist.

Turnarounds can take many shapes and forms. Not always in my view to the benefit of ordinary shareholders.

And DLAR is a company which seemingly doesn't warm to outside activism and investor interference, especially given its very special role in the UK. Even more so, since leaving the EU is now 100% confirmed.

ALL IMO. DYOR.
QP

[spectoacc] 18/12/2019 07:09

Thanks @Wbodger. I've no problem with CRS betting on almost binary outcome at DLAR now - but having been buying way, way higher, and all the gumpf about how good the new management were going to be, is too much to take!

ALM is my largest holding so I say they're right on that one - but then I would say that.

Is worth reading what previous CRS reports have said about DLAR, and how it's performed since. Sobering reading.

[wbodger] 18/12/2019 00:49

My reading of NTG is that Redde instigated a RTO of Northgate which may have had RB's support initially but need for liquidity now causes CRS to regard their NTG holding as expendable. Redde-NTG will combine early in January and will be run by Avril Palmer-Baumack as Chairwoman and Martin Ward as CEO. This is an improvement on NTG's previous management but it will take time to bear fruit, meanwhile RB's fox has been shot. RB bets on DLAR and ALM instead. (I hope he has had sight of the books at DLAR.)

Goodness knows what's going on at HUR.

[8craggle] 17/12/2019 12:02

RB has only himself to blame for the fall in hur, if his idea of getting shareholders value for money it beggars belief.He's dumped shares at such a rate as to leave the company open to a cheap takeover. Lots of LTH,s have exited and probably never to return. Far to aggressive for an Aim share where sentiment goes along way.The downside here is self for filling in my opinion and will continue.

[spectoacc] 17/12/2019 08:46

And with perfect timing - a minor p/w out of KMR, based on production & costs.

CRS does it again.

[dangersimpson2] 16/12/2019 10:33

Their activism has had at least partial success at ALM so far, getting the management to reduce their ridiculous bonus arrangement.

Failed at NTG I'd say, as they seem to be attempting some pointless merger with Redde instead of selling the Spanish business as CRS suggests.

DLAR the strategy here surely must be to force a sale of the business - they received offers at a much higher level in the past, and you would think that it is the type of business that would still interest acquirers, not least because they could put their own competent management in.

HUR, KMR, EQLS, STVG don't really need activism at this stage.

So mixed results so far on the activism front, but that doesn't mean they won't be able to force further change at ALM & DLAR to turn things around in time. NTG is probably lost, hence why they are reducing there.