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
  6.50 5.99% 115.00 49,490 08:32:01
Bid Price Offer Price High Price Low Price Open Price
112.00 118.00 115.00 109.50 109.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.29 -2.90 -3.34 102
Last Trade Time Trade Type Trade Size Trade Price Currency
11:14:25 O 2,196 114.163 GBX

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Date Time Title Posts
30/6/202210:15CRS - Crystal Amber714
09/5/201112:57** Croesus - new gold mining play ***68
15/2/200409:48Cockney Rhyming Slang5

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Crystal Amber Daily Update: Crystal Amber Fund Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker CRS. The last closing price for Crystal Amber was 108.50p.
Crystal Amber Fund Limited has a 4 week average price of 107.50p and a 12 week average price of 107.50p.
The 1 year high share price is 122p while the 1 year low share price is currently 102p.
There are currently 88,420,000 shares in issue and the average daily traded volume is 25,546 shares. The market capitalisation of Crystal Amber Fund Limited is £101,683,000.
plasybryn: Update on shareholder returnsThe Fund previously announced, based on the Investment Manager's assessment of the status and timing of anticipated corporate transactions, that it was targeting additional shareholder returns of at least GBP40 million or 50 pence per Share before 30 June 2022. The payment of the 10p a share dividend to Shareholders on 9 February 2022, representing a gross return of GBP8.3 million, was the first shareholder return towards achieving that target.As stated in the Company's circular to convene an EGM (extraordinary general meeting), dated 15 February 2022, the Fund, having consulted with several shareholders, determined it was no longer considered to be in the interests of the Fund to impose a fixed deadline but would retain 30 June 2022 as a target.The Fund is pleased to provide an update on shareholder returns based on the Investment Manager's and the Board's current assessment of the status and timing of anticipated corporate transactions. Following the payment of the 10p a share dividend to shareholders in February 2022 (representing a gross return of GBP8.3 million), the Fund expects to return a further 10p a share (representing a gross return of GBP8.3 million) by mid-August 2022 and to have returned an additional 60p a share (equivalent to GBP50 million) by the end of September 2022. If these distributions can be achieved, this would bring total returns in the first nine months of 2022 to 80p a share (equivalent to GBP66.6 million).
briggs1209: Yes, once some of the cash is returned to us from other investments we will end up as a proxy holding of HUR - all be it at a discount to their current price.
astralvision: From the December update:The Fund previously announced, based on the Investment Manager's assessment of the status and timing of anticipated corporate transactions, that it is targeting additional shareholder returns of at least GBP40 million or 50p a share before 30 June 2022. Whilst the Fund is confident that this as achievable, after consulting with a number of shareholders, it is no longer considered to be in the interests of the Fund to impose a fixed deadline but will be keeping it as a target.So min of 50p before 30th June is a 'confident' target.
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.
thirty fifty twenty: hi Centipede Saba have given themselves a 'guaranteed' profit. i.e. they have bought shares (say DLAR for example) at a c.30% discount to the market value. then they hedge their position with a short in the market. thus whatever happens to the DLAR share price they have a c.30% profit as their effective buying and selling prices are so different. i considered doing the same myself but when i looked at the individual holdings i felt that they all had upside potential so my own strategy was to use the 'safety net' of the CRS discount as a way to play the upside in the stocks. DLAR, HUR, EQLS are (IMHO)each interesting + potential bid candidates. it all changes because CRS are now a seller of transformative stakes, so a competitor would never have considered making a hostile bid, but now with a willing seller it can 'easily' make a friendly bid to extract value. of the 5 quoted stakes i am hoping that just 1 will lead to corporate activity at a 20% premium to the market price. this is also likely to happen within 6 months rather say 2 years. i am hoping that 2 will be liquidated/sold on at close to market value. and i am expecting 2 to be part of a tail that will take 12mths plus to sell (at maybe 20% less than market value) this scenario gives me >20% returns p.a. with very little downside time will tell..... certainly the recent 10%+ move in DLAR a few dyas before the vote is interesting. i rather like SUH. it is backed by property assets and marinas. as a stand alone it is risky but i do think that CRS selling their stake could lead to value being crystalised (excuse the pun) All IMGO, DYOR + BoL CRS is in my top5
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..
spectoacc: ALM share price performance since CRS first got involved would be interesting, tho probably not too pretty for CRS holders.
kooba: Lead fund manager biographyRichard Bernstein might have 10,000 shares in his own name but he is a director and member of the Investment manager.For clarity....a member is a shareholder.So Mr Bernstein is a shareholder and I would presume the principal shareholder (as he founded it and seed funded the listed company) in Crystal Amber Asset Management (Guernsey) Ltd , the investment advisor.Crystal Amber Asset Management (Guernsey) is the4th largest shareholder in CRS . Holding 6,954,330 shares representing 8.3% of the issued share capital.That's over £7m holding at current share price and £10m in underlying assets.What's that about skin in the game again ?Bad research leads to bad takes...would seem to me Mr Bernstein is very aligned to maximise shareholder value.Your welcome.
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.
carcosa: QP, I don't see anything exotic in CRS at all! ~10% discount is relatively unusual for CRS based on historic data. FFX being up 4% today makes a small impact on overall NAV. My point is that in aggregate with the other major shareholdings which have notably increased, the CRS share price has actually marginally declined giving rise for the 9% discount. Not sure why you picked out FFX when HUR is 28.6% of the fund NAV. Also it should be noted CRS still have substantial warrants over HUR shares which has the potential to add ot the NAV when exercised. CRS is high risk only in that it is a concentrated (but diversified) portfolio and that is the intent of the fund. You seem to have a negative attitude to CRS. I've been successfully trading them since 2016 with 'spare cash'. Have today bought back into the company. Lets wait and see where this is by year's end!
Crystal Amber share price data is direct from the London Stock Exchange
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