Crystal Amber Share Discussion Threads

[dashton42] 14/12/2012 08:38

Yes, that sounds like it should be close enough, given the available information. Thanks

[cockerhoop] 13/12/2012 14:54

I keep a real time value of each of the top 10 holdings (bid price) and then add the Other Investments & Cash taken from the latest monthly NAV RNS.
Obviously there is a potential for some errors due to changes in holding during the month but I believe it is as accurate as I can get.

[cockerhoop] 13/12/2012 10:51

It took approx 3p off the NAV (from the data available) Down to approx £1.18.

[dashton42] 13/12/2012 08:01

Badly-received interims from Sutton Harbour yesterday; we'll see what effect this has on the CRS share price...

[cockerhoop] 11/12/2012 10:56

I make the current NAV approx £1.21 - so still a substantial discount.

[edwardt] 10/12/2012 13:06

API still motoring!

[yellowdog] 05/12/2012 11:00

Api up 8% today and CRS have a chunk of it.

[protean] 03/12/2012 15:49

From the API thread:

"Packaging materials group, API, is of keen interest, too, after the board put the company up for sale following pressure from major shareholders. The sale process is ongoing, but a sale looks likely after US activist fund and 32 per cent shareholder Steel Partners and 28 per cent shareholder Wynnefield Capital announced they want to sell out. The most likely bidders are trade buyers in Germany and the Middle East and foil-makers in Asia. It's even possible that Illinois Tool Works may bid even though its offer of around 100p a share was turned down seven years ago.

It's worth pointing out that API has a hidden and valuable asset in its New Jersey site which "covers 20 acres within the Manhattan commuter belt and is potentially worth a significant part of its market capitalisation" according to Crystal Amber, adding that even without a bid "reorganisation, investment and marketing initiatives combine to offer share price upside well in excess of 100p". I agree and, with API shares currently priced at 70p in the market, there could be significant upside from this holding, too.

[edwardt] 03/12/2012 15:31

kiss of death him recommending!

[dashton42] 03/12/2012 14:41

I was wondering what the reason was for today's tick-up, then I saw that Simon Thompson gives a fairly detailed update in Investors Chronicle. He estimates CRS NAV of 116.7p, which is a slight increase on the last published NAV of about 111.6p.

[edwardt] 09/11/2012 13:58

something needs to give from the board to make the discount narrow. the board need to step up and offer investors an incentive for hanging around. A buy back will not work, a reduction in fees and a tender at nav less costs would get their attention.

[dashton42] 08/11/2012 14:38

It's good to see CRS on a bit of an up-tick; hopefully it might break out of the channel it's been in for the past couple of years, and narrow the discount to NAV.

[dashton42] 02/11/2012 08:16

Investors Chronicle has rated CRS-held Sutton Harbour a Buy today:

"Sutton Harbour has reduced its debt load from £21m to £16m, but its bosses want to cut that burden further before resuming dividend payments. Still, the real value is in the company's property portfolio. Redeveloping the Millbay marina, which has a valuation potential of £6m, and realising profit from the old airport could add £16m to shareholders' funds, making that big discount to net assets even bigger. Buy."

[dashton42] 16/10/2012 18:20

Well-received interim results from N Brown today, shares up 13%. Positive read-across to CRS? Nah!

[brinks_matt] 13/10/2012 21:24

Bids for api have to be in before end Oct. 7% of any takeout could add some value here.

[dashton42] 10/10/2012 07:30

N Brown is a useful part of the portfolio, imho. I believe it's well managed, operates in a fairly niche retail space, and has a good web offering. Probably not wholly immune from the economic headwinds, but the interims on 16th October will answer this, one way or t'other.

Have to declare an interest - I own BWNG shares separately, and also worked at the JD Williams offices in Manchester a few years ago...

[edwardt] 05/10/2012 11:39

tt needs a bid. he has had some better wins of late but hear you about sutton harbour. all in, manager under pressure to get the share price above the float price. i suspect one or two shareholders are losing patience.

[pugugly] 11/9/2012 08:54

Anyone still following ? Has been drifting down since the last post. Todays final results do not give me much encouragement for a rerating, and I could see the discount to nAV widening rather than decreasing. While some top class holdings such as Renishaw a few dogs - such as Sutton Harbour [very iliquid & not much (imo) hope of a takeover premium in the current economic climate] could I am afraid continue to act as a drag on the share price

Any other thoughts ?

[dashton42] 06/2/2012 12:30

There's a bullish article on CRS in the Investors Chronicle today (Simon Thompson: "Crystal clear share gains" - 06/02/12).

Hence the tick upwards I suppose.

[wexboy] 31/1/2012 16:03

Hi folks,

Continuing my series on activist investors and other catalysts. Latest post highlights over a dozen listed activist funds/vehicles that you can invest in, including Crystal Amber:



I hope you'll take a look (and plse don't hesitate to comment or email me).

Cheers,

Wexboy

[dashton42] 08/7/2011 10:57

Peel has some more cash to play with:

[dashton42] 08/7/2011 08:14

Apparently, CRS has sold its PWS shares to Peel...

[dashton42] 24/6/2011 06:52

Quite a clear summary of the PWS situation so far in the Guardian:

[dashton42] 23/6/2011 16:15

So, let me get my head around this. Peel have around 63% acceptances, which includes Crystal's, unless an offer >250 comes in.

Warren James hold 25% now, meaning that Peel cannot get the 90% required to force the delisting, unless they can persuade Warren James to sell to them or do some other deal.

Erm, that's as far as my analysis gets me...!