Crystal Amber Share Discussion Threads

[cockerhoop] 21/3/2013 09:00

They did a million shares in the last tranche so perhaps 310,000 to go in this one, hasn't really narrowed the discount though. I had the NAV at £1.26 yesterday afternoon.

[dashton42] 21/3/2013 07:04

...and another buy-back!

[dashton42] 19/3/2013 12:45

THT's going nutty again today - something's (easter) egging the share price on. Up 12% as I write.

Disappointing that the CRS share price didn't react to Friday's buy-back.

[dashton42] 18/3/2013 15:38

Investors Chronicle rates TTG a Buy on today's results.

The market doesn't seem impressed, but today's a tough day.

[dashton42] 18/3/2013 07:30

Another buyback on Friday - this time, much larger (500,000 shares). Let's see if it does anything to the sp, although Cyprus will probably dominate things today...

[dashton42] 14/3/2013 18:38

Still "chocs away" over in THT-land - up another 8% today, but set against a 13% drop in NTG following today's IMS. Talk about swings and roundabouts.

BWNG also still seems to be motoring - I own BWNG and THT separately, so I do follow these two fairly closely.

I'm assuming that the buyback means that Invesco's holding in CRS is now more than 30%, assuming it hasn't sold any shares since January...?

[dashton42] 14/3/2013 08:17

Yes, they didn't waste much time following the interims, did they?

I noticed that THT were flying off the shelves yesterday; not sure if this is due to new broker price targets, or is just an anticipatory pre-Easter bounce.

[cockerhoop] 14/3/2013 08:03

Further buybacks - 100,000 bought at 106p with the discount at just over 15%.

[dashton42] 08/3/2013 17:52

...And I see that CRS topped up on FOUR yesterday.

[cockerhoop] 08/3/2013 15:12

FOUR's strength has pushed my mid afternoon estimate of NAV to £1.252 :-)

[cockerhoop] 08/3/2013 14:23

My understanding is that now it's even more important for CRS to reduce the discount as their fees are to be based on the lower of share price or NAV.

[edwardt] 08/3/2013 14:03

fees were exorbitantly high - at least they are only now pretty high. shareholders including myself at least have been heard when pointing this out to the board.

[dashton42] 08/3/2013 13:28

The only IC comment I've spotted was in their daily news roundup:

"Another Simon Thompson tip, Crystal Amber (CRS), says its net asset value bounced back well in the second half and ended the year up 35 per cent to 120.8p. Particular successes in its portfolio include Sutton Harbour Holdings, N Brown, Renishaw and Smiths News. Buy. "

I think Simon Thompson's taking a bit of a break from his regular column, which is why there's nothing new from him.

[cockerhoop] 08/3/2013 12:55

Discount narrowing a little - perhaps company narrative suggesting they'll buy in the market if they perceive the discount is too wide.

Any Simon Thompson/Chronic Investor comment on the interims Dashton?

[edwardt] 07/3/2013 14:34

well i am pleased to see a reduction in fees here -albeit not as far as i would have liked them to have gone.

[dashton42] 06/3/2013 09:01

Yes, definitely one to watch.

A bit off-topic, but over on the THT BB, there is some discussion of Miton, who have just taken out a 10% stake in the company; apparently, Miton Group is the new name for Midas Capital or MAM Funds (not sure if these are synonymous).

Coincidentally, Gervais Williams, MD at Miton Group, was on CNBC Squawkbox this morning, discussing a couple of other companies - GCG, FIF and WINK.

As I say, not really relevant here, but "quite interesting" anyway.

[cockerhoop] 05/3/2013 19:12

I think CRS may be correct in their view regards API - there are still 2 major holders keen on a sale of the business so it's probably only a matter of time before the value is outed but by waiting a better outcome may be obtained. Perhaps a land sale followed by a Special Dividend and then the sale of the business.

[dashton42] 05/3/2013 18:51

I've just gone back through the CRS finals, in which they said about the potential sale of the API business:

"In our view, a corporate sale could be premature whilst the management is only part-way through its revival plans. More shareholder value will be released by allowing the benefits of this to become apparent."

And:

"In its New Jersey site, 20 acres within the Manhattan commuter belt, the company has a hidden asset, potentially worth a significant part of its market capitalisation. It is our belief that the reorganisation, investment and marketing initiatives combine to offer upside well in excess of 100p."

I'm sure this has already been discussed on this BB, but it was a useful reminder to me, and presumably underpins their strategy of increasing the stake despite the failure of the sale (?).

THT still going great guns - expectations of good things to come at Easter and a large share purchase (10%) by Miton group apparently behind this, plus IC turned less negative recently. Wish CRS had a larger stake in this co.

Finally, I see that FOUR rose strongly today on their results.

[cockerhoop] 01/3/2013 14:19

They have spent a little on more API to take them over 10%

[dashton42] 28/2/2013 16:07

It's better here than on those French ski-slopes, isn't it?

Yes, I really thought they'd be picking up more THT, but if they did, I missed it. There must still be some cash sloshing around though (23p per share?), so hopefully more buy-backs are on the cards.

I'm not sure what has happened to the interims I was expecting, but hopefully they'll appear soon. Maybe they may even splash out on a divi - who knows.

[cockerhoop] 28/2/2013 11:51

Still a substantial discount currently, could do with further buybacks.

[cockerhoop] 28/2/2013 11:49

Hi Dashton,

Just about made Thurs Morning :-)

i make the current NAV £1.226, Sutton Harbour weakness has taken a little off, THT have been perky whilst i've been away but they're still only about 2p of NAV or £1.3m.