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CRS Crystal Amber Fund Limited

108.50
0.50 (0.46%)
31 Jan 2025 - 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
  0.50 0.46% 108.50 16,705 09:37:47
Bid Price Offer Price High Price Low Price Open Price
108.00 109.00 108.50 108.00 108.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 58.84M 57.29M 0.7587 1.43 81.55M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:03:49 O 1,400 108.0001 GBX

Crystal Amber (CRS) Latest News (2)

Crystal Amber (CRS) Discussions and Chat

Crystal Amber Forums and Chat

Date Time Title Posts
11/1/202509:17CRS - Crystal Amber875
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
2025-01-31 15:03:49108.001,4001,512.00O
2025-01-31 15:02:56108.00505545.40O
2025-01-31 13:56:26108.9512,00013,073.99O
2025-01-31 12:00:00107.00100,000107,000.00O
2025-01-31 12:00:00107.00120,000128,400.00O

Crystal Amber (CRS) Top Chat Posts

Top Posts
Posted at 01/2/2025 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 108p.
Crystal Amber currently has 75,506,500 shares in issue. The market capitalisation of Crystal Amber is £81,924,553.
Crystal Amber has a price to earnings ratio (PE ratio) of 1.43.
This morning CRS shares opened at 108p
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 16:10 by peterbill
AI B-shares summary

Crystal 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 18:04 by peterbill
CRS own 16.8% of De La Rue
Posted at 15/10/2024 07:32 by briggs1209
Rise in CRS could now be larger in that of DLAR today. Seems like a great deal for DLAR, debt sorted out, pension scheme topped up, and cash left on the books.
Posted at 09/10/2024 10:53 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 13:54 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 23/5/2024 14:51 by wbodger
23/5 RNSs: Share repurchases budget pushed out by another £2.5 million. Purchases until 30/6/24.

At an average of 80 pence per share that will buy 3,125,000 shares taking the shares trading to 70 million.

NAV per share as at 30/4 was 115.84, perhaps reflecting improvement of DLAR in April.

Not sure why sellers are accepting 80 pence a share if the portfolio is really valued at nearly 120 (assuming continued improvement in DLAR during May).
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

Crystal Amber Frequently Asked Questions (FAQ)

What is the current Crystal Amber share price?
The current share price of Crystal Amber is 108.50p
How many Crystal Amber shares are in issue?
Crystal Amber has 75,506,500 shares in issue
What is the market cap of Crystal Amber?
The market capitalisation of Crystal Amber is GBP 81.55M
What is the 1 year trading range for Crystal Amber share price?
Crystal Amber has traded in the range of 73.50p to 122.00p during the past year
What is the PE ratio of Crystal Amber?
The price to earnings ratio of Crystal Amber is 1.43
What is the cash to sales ratio of Crystal Amber?
The cash to sales ratio of Crystal Amber is 1.39
What is the reporting currency for Crystal Amber?
Crystal Amber reports financial results in GBP
What is the latest annual turnover for Crystal Amber?
The latest annual turnover of Crystal Amber is GBP 58.84M
What is the latest annual profit for Crystal Amber?
The latest annual profit of Crystal Amber is GBP 57.29M
What is the registered address of Crystal Amber?
The registered address for Crystal Amber is PO BOX 286, FLOOR 2,TRAFALGAR COURT, LES BANQUES, ST PETER PORT, GUERNSEY, GY1 4LY
What is the Crystal Amber website address?
The website address for Crystal Amber is www.crystalamber.com
Which industry sector does Crystal Amber operate in?
Crystal Amber operates in the UNIT INV TR, CLOSED-END MGMT sector

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