Crystal Amber Share Discussion Threads

[wbodger] 28/6/2023 12:22

For a PI, yes. But unless you've previewed the results a heck of a gamble for a Fund.

If Bernstein did suspect the results he might have taken a CFD, but I still expect he'll keep his powder dry until Thursday.

They should have good news on the Pension Fund, although I don't know how the plant closing will have affected it.

[dealoftheday] 27/6/2023 16:06

Well considering the last two days of trading wouldn't of been a bad shout would it !?

[wbodger] 26/6/2023 19:42

I hope not! not without a plan.

[dealoftheday] 26/6/2023 08:09

Posters thoughts on whether RB might be considering using the 15 mill held back from hur monies to be buying more De la rue shares at this lower price to average down ?? Thanks

[briggs1209] 17/6/2023 15:21

Yes, the concern becomes not that DLAR is a complete write off but that it not only becomes a zero but also takes more cash from CRS in the process.

[wbodger] 16/6/2023 14:10

I noticed that, but a month ago DLAR was around 40p. Bernstein's pretty good at extricating himself from bad investments, but DLAR will be a test.

[briggs1209] 15/6/2023 17:55

Only down 15p on share price from a month ago.

[pugugly] 15/6/2023 15:17

Dividend was 25p so no change;

[wbodger] 15/6/2023 15:06

I'm trying to get some sense of what the market is allowing for DLAR, General Dynamics and Allied Minds.

I didn't expect it to go down 25 pence with XD.

[wbodger] 15/6/2023 15:00

Ah. Anyway the share price recovered a bit so far.

[wbodger] 15/6/2023 14:28

I think we are going to have to wait for an update on DLAR, initially the share price dropped by more than the dividend amount. That might be the effect of withholding dividend tax in order to pay 25 pence to shareholders.

[wbodger] 08/6/2023 19:08

On CRS, good to see Crystal Amber Ex-Div Date next Thursday, Record Date Friday. Not messing about. If Prax delivers its Hurricane Div as promised the CRS dividend gets paid 7 July.

[kooba] 08/6/2023 18:54

Agree I think the retained cash is a contingency measure...but there is nothing worse than trying to influence proceedings when everyone knows you have empty pockets.

[wbodger] 08/6/2023 17:52

I cannot see them investing another £15 million without a big Change in Direction at DLAR.

In today's trading DLAR resumed its slide. That doesn't itself mean anything, given that CRS announcement would be taken as a signal that another dilution is coming. There are still three weeks until the DLAR Results announcement for year ending 30/3/23, which won't be pretty. From the CRS announcement:
the Fund continues to believe that at this time, it is prudent to also retain sufficient liquidity to protect the value of its holding in De La Rue, but also to have the ability to help effect the urgent change required at De La Rue.

[kooba] 08/6/2023 17:52

It appears a worse case scenario to me..but if De La Rue need more funds to turn it round then CRS will need to be able to hold its corner to avoid serious dilution, so you need to demonstrate you can play I guess to protect existing holding. With GI it could be a very valuable investment but it seems to be totally reliant on CRS...there needs to be more evidence that GI is moving to commercial revenues , i don't think covid helped at all but there is a burgeoning market in weight control solutions and medication and GI need to show they are an attractive and viable alternative to show a strong case to keep pumping money in ...and soon.Seems a sensible approach keeping funds back for now.

[d024912] 08/6/2023 16:32

Today announcement of a 25p interim dividend from a total of 41.6p

What I find interesting is the amount the Directors have put aside, it looks like £15 million.

From the April 12, RNS "...The cash consideration due to the Fund upon the
Scheme becoming effective is £34.7 million, equivalent to 41.6p per Crystal
Amber share ("the Initial Consideration")..."

From Today's RNS, "Directors of the Fund are now pleased to declare a second interim dividend of 25p per share in respect of the financial year ending 30 June 2023."

If my calculations are correct, it means that the directors have put aside roughly £15 million for DLR or GI Dynamics. I don't know if that is good or bad (Is this a worse case calculation for DLR and/or GI Dynamics)but it is a sizeable amount. But as they said in today's RNS

"Following greater visibility at De La Rue, in the coming months, the Board of
Crystal Amber may seek to make an additional return of capital to
shareholders." Let's hope DLR prospects improve.

Let's see, fingers crossed.

[angus mcoatup] 14/4/2023 16:25

Sorry Chairman not Director

[angus mcoatup] 14/4/2023 16:23

I am hearing DLR director resigned today?

[pugugly] 12/4/2023 08:14

DLR probably safest to assume nil value - Value of Hurricane still flexible


Current valuation possibly near fair value but DYOR as usual.

[briggs1209] 11/4/2023 11:06

NAV at end of Feb was 123p. De la Rue a mess but we have seen a big drop here.

[kaos3] 21/3/2023 08:19

a lot of un competence in portfoglio. what is striking - even as a large shareholder - it is almost impossible to bring the right people and the common sense to the steering wheel of the companies. governance system is harmed or broken

[peterbill] 21/3/2023 08:10

Half Year Results out ...

Key Points


· Total returns in the six months ended 31 December 2022 were 4.4% (£16.6 million) reflecting total dividend payments of 20p per share (two 10p dividends) during the period. As a result, Net Asset Value ("NAV") per share fell by 10% over the period to 130.05p per share.

· The Fund's performance compares to a 1.3% increase in the Numis Small Cap Index.

· Further progress in delivering profitable exits, with disposals of Equals Group plc and Board Intelligence Limited realising profits in the period of £7.8 million.

· Recommended offer for Hurricane Energy plc announced post period end in March 2023 following formal sale process.

· De la Rue cut profit guidance by a third at its October interims.

· GI Dynamics enrolled its first patients to the clinical trial in India.

· The Fund undertook no buybacks during the period. Share price discount to NAV averaged 22.7%.

· Crystal Amber Fund named as the sixth most influential global activist investor of 2022 by Insightia delivering a return of 27.9%.