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CRS Crystal Amber Fund Limited

81.00
0.00 (0.00%)
18 Mar 2024 - 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 0.00% 81.00 120,000 00:00:00
Bid Price Offer Price High Price Low Price Open Price
79.00 83.00 81.00 81.00 81.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -2.14M -5.58M -0.0723 -11.20 62.49M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:23:15 O 70,000 81.00 GBX

Crystal Amber (CRS) Latest News (2)

Crystal Amber (CRS) Discussions and Chat

Crystal Amber Forums and Chat

Date Time Title Posts
27/2/202410:28CRS - Crystal Amber843
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
2024-03-18 12:23:1681.0070,00056,700.00O
2024-03-18 11:21:2779.0025,00019,750.00O
2024-03-18 11:20:5279.0025,00019,750.00O

Crystal Amber (CRS) Top Chat Posts

Top Posts
Posted at 18/3/2024 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 81p.
Crystal Amber currently has 77,149,500 shares in issue. The market capitalisation of Crystal Amber is £62,491,095.
Crystal Amber has a price to earnings ratio (PE ratio) of -11.20.
This morning CRS shares opened at 81p
Posted at 22/1/2024 21:27 by mobark2
Does the CRS NAV include expected payments from PRAX?
Posted at 22/1/2024 17:45 by wbodger
End-December NAV 106.08 pence(30 November 2023: 99.6 pence per share).

Effect of improvement in DLAR shareprice I suppose. Shares bought for 79 pence are at a 25% discount to intrinsic value per CA.
Posted at 15/12/2023 16:30 by thelongandtheshortandthetall
^sort of puts a floor under the share price IMO.
Not a bad thing.. :0)
£5m protection to the downside.
Posted at 08/12/2023 13:56 by thelongandtheshortandthetall
So to be clear.
CRS have £5,000,000 to (possibly) deploy in the next 30 or so trading days.

So far today we have had 40,000 shares traded. approx £26,000
13 trades.. of which 4 were me buying.

It'll be interesting to see what happens to the share price once the £5m gets rolling.

Good luck holders :)
Posted at 08/12/2023 10:30 by thelongandtheshortandthetall
Gem

Think the market hasn't read the RNS through properly.
My take is winterflood can buy as many shares as they like - so long as it is not at a higher price than an independent buy.
To me this put a solid floor under the share price.
Where's the risk.
Posted at 08/12/2023 08:56 by thelongandtheshortandthetall
Looks to me like the co. putting a concrete floor under the share price.. should create a sort of ratcheting-up of the price.
👍
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 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..
Crystal Amber share price data is direct from the London Stock Exchange

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