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| 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 | 0.00% | 129.50 | 18,637 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 129.00 | 130.00 | 129.50 | 129.50 | 129.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 58.84M | 57.29M | 0.5743 | 2.25 | 129.18M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 13:08:52 | O | 41 | 129.864 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 12/6/2025 | 17:23 | UK RNS | Crystal Amber Fund Limited Transaction in Own Shares and Total Voting.. |
| 09/6/2025 | 17:35 | UK RNS | Crystal Amber Fund Limited Transaction in Own Shares and Total Voting.. |
| 06/6/2025 | 16:44 | UK RNS | Crystal Amber Fund Limited Transaction in Own Shares and Total Voting.. |
| 04/6/2025 | 08:53 | UK RNS | Crystal Amber Fund Limited Transaction in Own Shares and Total Voting.. |
| 02/6/2025 | 17:03 | UK RNS | Crystal Amber Fund Limited Transaction in Own Shares and Total Voting.. |
| 30/5/2025 | 17:30 | UK RNS | Crystal Amber Fund Limited Transaction in Own Shares and Total Voting.. |
| 29/5/2025 | 07:00 | UK RNS | Crystal Amber Fund Limited Transaction in Own Shares and Total Voting.. |
| 27/5/2025 | 17:30 | UK RNS | Crystal Amber Fund Limited Transaction in Own Shares and Total Voting.. |
| 23/5/2025 | 17:30 | UK RNS | Crystal Amber Fund Limited Transaction in Own Shares and Total Voting.. |
| 23/5/2025 | 14:59 | UK RNS | Crystal Amber Fund Limited Transaction in Own Shares and Total Voting.. |
Crystal Amber (CRS) Share Charts1 Year Crystal Amber Chart |
|
1 Month Crystal Amber Chart |
Intraday Crystal Amber Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/6/2025 | 19:48 | CRS - Crystal Amber | 896 |
| 09/5/2011 | 12:57 | ** Croesus - new gold mining play *** | 68 |
| 15/2/2004 | 09:48 | Cockney Rhyming Slang | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-06-12 12:08:53 | 129.86 | 41 | 53.24 | O |
| 2025-06-12 11:39:58 | 124.66 | 18,596 | 23,181.22 | O |
| Top Posts |
|---|
Posted at 12/6/2025 09:20 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 129.50p.Crystal Amber currently has 99,750,000 shares in issue. The market capitalisation of Crystal Amber is £129,176,250. Crystal Amber has a price to earnings ratio (PE ratio) of 2.25. This morning CRS shares opened at 129.50p |
Posted at 15/4/2025 15:14 by wbodger Absent a serious counter-offer for DLAR it looks as if DLAR will be monetised with the bid on the table at £1.30 a share, which represents about £263 million for the whole company. CRS has around one sixth of DLAR, largely in a CFD, so the gross amount would be around £44 million, reduced by the stake risked.Most important it will open the way to finally winding up CRS. The only asset remaining will be the unlisted Morphic. |
Posted at 24/3/2025 15:51 by wbodger I agree Bernstein has been excellent. Not sure who else is on the BoD, never mind influential enough to share the glory.Fact is Weinstein grabbed a 25% share when the CRS Board had not protected the Fund from an opportunistic break-up motion, and it was one thing to get 25% but would have been something else for Saba to get a majority to replace the Board. It could have been messy if enough of the larger holders (such as Wirral Pension Fund) had been of a mind to resist the break up after the initial motion had passed. It was easy enough to get 25% but you can't do much with it unless other shareholders were disgruntled with Bernstein. I would argue that the break-up motion damaged Bernstein's ability to resist Prax's bid for Hurricane Energy, and the 30% share of Hurricane was eventually liquidated for around 9 pence a share, which might have been well over 12 pence if the Hurricane Board had been under more pressure to maximise value for shareholders. Uncertainty and prudence required RB to consider worst outcomes instead of best. |
Posted at 11/1/2025 09:17 by agnes The Times Business CommentarySaba at a lossNot all activist shareholders are the same or deliver similar results. The proof? An earlier foray by Saba Capital into the UK - before the US hedge fund's boss Boaz Weinstein started gunning for seven investment trusts.In December 2020, he took an initial 5 per cent in Crystal Amber, the activist fund whose investment adviser Richard Bernstein has lately played a key role in bringing happier times to the shareholders of De La Rue. Without him rallying investors to boot out its former chairman Kevin Loosemore in April 2023, when the shares were around 40p, the banknote printer wouldn't now be looking at a proposed bid at 125p.Anyway, having bought its Crystal Amber stake when the shares were trading at a 28 per cent discount to net asset value, Saba had by June 2021 upped its holding to 25.4 per cent. It was a key level, as Saba knew that in 2013 the fund had set a 75 per cent hurdle for its continuation. It then started throwing its weight around, calling for the fund to be wound up: a plan rejected by 99 per cent of the other shareholders.Even so, by early 2022, investors approved a new investment policy - broadly orderly asset realisations to trade buyers. Saba badgered Crystal Amber to sell its then 24 per cent stake in Equals Group at 45p a share. Thankfully, the fund resisted, finally selling at an average 85p: still a big loss of value, now the payments outfit has agreed a bid at 140p.Whatever, when Saba joined Crystal Amber's register, its net asset value stood at 142p a share. Since then, it has paid out 55p in dividends but still managed to increase NAV to today's 181p, helped by its 16.5 per cent stake in De La Rue.Yet, here's the catch: despite Saba's claims to be a whizz at closing discounts, the hedge fund's antics, including selling assets at the wrong price, have increased it. Crystal Amber shares now stand at 103p: a discount to NAV of 43 per cent. What exactly is the grand plan of Saba, now with 29.8 per cent, to close it? Indeed, if this is typical of its efforts, it's more likely to destroy value than create it. |
Posted at 18/10/2024 17:10 by peterbill AI B-shares summaryCrystal Amber Fund Limited's B shares are a proposed share scheme that will allow for capital returns. The B shares will have the following characteristics: They will be non-transferable They will not be traded on any exchange, including AIM They will have limited rights Each issue and redemption of B shares will be announced via a Regulatory Information Service A summary of the tax consequences of the proposal will be provided for certain categories of UK tax residents |
Posted at 15/10/2024 19:04 by peterbill CRS own 16.8% of De La Rue |
Posted at 09/10/2024 11:53 by wbodger I agree mbaxter, a brain-hurts moment, because of the ‘B’ shares wrinkle. But ignoring it, which is just a mechanism to distribute value, and it is pretty simple:They only still have DLAR, MMI and odds-and-ends like Allied Minds and Sutton Harbour. The odds-and-ends are worth less than a tenth of the total. The RNS confirms they no longer have any Prax DCUs. So it looks like end-game. I can see no point in continuing to pay £50,000 a month on admin when the directors have almost no chance to add value to the assets. Anyway there should be a motion about it at the AGM later this month. Aside from MMI everything else can be monetised and distibuted through ‘B’ shares: DLAR proceeds would be distributed through the mechanism, similarly the best available exit for Allied Minds (and Sutton Harbour etc) taken and distributed and perhaps the CRS listing would then represent the value of MMI alone. (I would welcome clarity on the MMI situation, and how the the "unaudited indicative valuation" is supported.) Presumably the date for the AGM will be included in a results RNS, which must be about due. |
Posted at 02/10/2024 14:54 by wbodger 4.7 pence reduction in NAV between July 31 and August 31. Vague reference to "unaudited indicative valuation" of Morphic remains word for word the same as September 11 RNS. DLAR share price lost 10% to end of August, that ought to account for about £3.3 million in the NAV calculation, or 4.5 pence per CA share.Last year Results came out on October 25, and the AGM was on November 22. |
Posted at 24/8/2022 14:33 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.. |
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