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CRS Crystal Amber Fund Limited

0.00 (0.0%)
30 Nov 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Crystal Amber Fund Limited LSE:CRS London Ordinary Share GG00B1Z2SL48 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 62.00 8,149 00:00:00
Bid Price Offer Price High Price Low Price Open Price
60.00 64.00 62.00 62.00 62.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -2.14M -5.58M -0.0670 -9.25 51.6M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:22:33 O 8,000 60.77 GBX

Crystal Amber (CRS) Latest News

Crystal Amber (CRS) Discussions and Chat

Crystal Amber Forums and Chat

Date Time Title Posts
22/11/202320:48CRS - Crystal Amber814
09/5/201111:57** Croesus - new gold mining play ***68
15/2/200409:48Cockney Rhyming Slang5

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Crystal Amber (CRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-11-30 13:22:3460.778,0004,861.60O
2023-11-30 10:47:2263.7214994.94O

Crystal Amber (CRS) Top Chat Posts

Top Posts
Posted at 30/11/2023 08:20 by Crystal Amber Daily Update
Crystal Amber Fund Limited is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker CRS. The last closing price for Crystal Amber was 62p.
Crystal Amber currently has 83,231,000 shares in issue. The market capitalisation of Crystal Amber is £51,603,220.
Crystal Amber has a price to earnings ratio (PE ratio) of -9.25.
This morning CRS shares opened at 62p
Posted at 22/11/2023 14:33 by kooba
If only ALM had managed to monetise investments and return funds to shareholder as CRS have...unfortunately it seems to go from bad to worse there...luckily now a very small investment to CRS.
Posted at 28/10/2023 09:25 by feuille
Following further investment of GBP8.3 million in Morphic Medical since the beginning of 2022 and combined with cash returns of 55p a share, Morphic Medical now accounts for 40 per cent of net asset value.
Posted at 22/10/2023 12:00 by wbodger
From RNS 15/2/22 Posting Of Circular:

On 22 December 2021, the Fund provided an update following the results of its 2021 AGM where the resolution that the Company continue as constituted received a majority of votes, but did not achieve the required 75 per cent. majority of votes cast and accordingly was not passed.

As a result of the continuation vote not being passed, the Board believes that it is in the interests of Shareholders as a whole for the Fund to adopt a strategy of maximising capital returned to Shareholders by way of timely disposals, including trade sales of the Fund's strategic holdings, where appropriate. Such change of strategy is subject to Shareholder approval at the Extraordinary General Meeting.

The Fund has accumulated several strategic holdings: since 2013, the Fund has been a shareholder in Hurricane Energy plc (it currently has a 28.9 per cent. holding); since 2016, it has been a shareholder in Equals Group plc (it currently has a 13 per cent. holding); since 2017, it has been a shareholder in Allied Minds plc (it currently has an 18.2 per cent. holding); since 2018, it has been a shareholder in De La Rue plc (it currently has a 10 per cent. holding) and it has been a shareholder in Sutton Harbour plc for more than a decade (it currently has a 10.8 per cent. holding). Given the substantial progress achieved by the Fund with its activist strategy to date on these holdings, the Fund expects to have realised these investments by 31 December 2023. Within this timescale, the Fund also anticipates selling its holding in Board Intelligence plc, an unquoted company in which it has been a shareholder since 2018.

For the record the Fund now asserts that it only holds four named holdings:
-590 million residual Prax DCUs, currently traded in a Matched Bargain Facility which values them at about £11 million if they could find a buyer, but should be worth £35 million if Prax pay out the maximum;
-Listed DeLaRue shares that CA think should be worth £1.02/share in a takeover (60% more than trading Market Value, about £20 million);
-General Dynamics Debt Instrument, which last year they proposed to distribute in kind to Fund shareholders using the CRS listing, after divesting other holdings; and
-Allied Minds unlisted shares (value unknown).

There is also a cash balance, perhaps from the part of the Hurricane dividend that was not paid out in the 25 pence dividend.

Which of these four investments do you think could be realised in a fire sale?

The EGM when shareholders passed the Resolution to implement that was held on March 7 2022 less than 19 months ago. Less than two years on the only holdings not divested are ALM, DLAR and General Dynamics.

It is baffling what you think the Fund could do to get full value for those holdings that they are not doing?
Posted at 04/10/2023 15:45 by wbodger
End-August NAV 95.8 compares to End-July of 92.6. That will not include recent cash payment of £1.82 million on the Prax DCUs, which was paid at the end of September (worth another 2.18 per CRS share).
Posted at 04/9/2023 12:54 by wbodger
Isn't selling Hurricane and EQLS, and delisting ALM (which would have had no value if it had remained listed) running down?

They stuck to the announced plan and told us they would update on the wind up in the second half of 2023. I'm waiting to see what else they will do, in the half-year results which should be presented this month.

I calculate risking £3 million more on De La Rue will have gained them £11 million in extra NAV. I also expect the news on the De La Rue pension plan will be good, so CRS estimated NAV should go up. (I have no quarrel with eking out the De La Rue position because selling out when the share price fell to 30 pence would have been stupid.)

(Sorry I misunderstood your post.)
Posted at 30/8/2023 15:04 by wbodger
NAV at 30/6/23: 93.3 pence per share after the 25 pence distribution in June. (On Crystal Amber website.)

Should get (first) £1.59 million half-yearly distribution from Prax DCUs at the end of September (about 1.9 pence per CRS share) as long as Hurricane division of Prax generates tax-relieved profits.
Posted at 24/8/2022 13:33 by wbodger
CRS share price didn't move on opening, which tells me CA are a force behind the move at ALM. Bad news for PIs like me (only a small holding) but it is what should have happened two years ago. Only slightly better late than never.

Imo it means ALM cannot be one of the holdings making up the £50 million payout promised next month. CRS slightly up now.
Posted at 02/12/2021 13:43 by mrscruff
We only have the details in the RNS on the 50p dividend 6 months time. No details on the final date is possible due partly I think to the one private equity holding. CRS management will have to work hard to abstract as much money as possible. The CRS share price has dropped with the fall of the live NAV that I have set up however the live companies are starting to recover from this weeks falls and the discount possibly even wider. This is an buy and hold mostly on a few UK companies. Time will tell how well they do but be clear this is an 6-18 month investment if you decide to invest.
Posted at 02/11/2021 17:17 by thirty fifty twenty
hi Wbodger... if you were referring to my previous post,
then apologies i wasn;t specific.

I was referring to the NAV of CRS which , at spot prices + adj,
now stands at 163.8p per my calcs.

thus the CRS share price is at a 28% discount to spot NAV

DYOR etc..
Posted at 19/2/2020 08:11 by spectoacc
Every time I think that, I look at the holdings! DLAR needs to do something fast, or they'll be in rescue rights territory. Can CRS afford to back a rescue rights? DLAR £1.40 on Friday, £1.15 today.

HUR isn't bouncing (15p), NTG is a dog (286p), I personally like ALM a lot and CRS have added, but I'd much rather own ALM than CRS. EQLS has had a few pence dcb but is in the "may/may not" category.

So NAV lower, CRS share price lower, but still no catalyst to want to buy. Discount needs to widen, not stay the same due to the holdings dropping as fast as CRS's s/p.
Crystal Amber share price data is direct from the London Stock Exchange

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