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So they sold a lot of DCU’s at a premium and they’ve now had the most recent payout from the remainder yet silence? Getting more and more difficult to understand the wind down plan here
Selling the DCU’s perhaps shows some intent to move towards wind up. If they can get a good premium why not? Will be interesting to see if we get a divi
Ok thanks for that, be interesting to wait and see what they pay out then.
Gerald - sorry missed that, the Prax payments are the DCU payments from the sale of Hurricane (which CRS was a big holder of) they are paid March and September until 2026 and a max of 6.48p in total. If paid in full (and it’s oil dependant) it will effectively double the Hurricane price - expect cash in bank following month (I was also a share holder) As I said it will be interesting to see if they pay it out, continue buybacks or invest in other holdings
OK with that, nothing anywhere on the dark web about them tried everywhere to find some info.Prax payment when is this happening
I’m holding until at least the Prax payment. Would like some confirmation of the run down plans before deciding longer term
Ok thanks for that is it time to sell or sit on it, I know it's up to me but in your opinion
Gerald - they are in wind down so divi’s tend to be when there’s something sold…. Some confusion lately as they’ve been adding to positions. Next ‘cash injection’ I’m aware of is the PRAX payment on the Hur DCU’s which is due end of March early April
Sorry to jump on your post, what's happening with CRS, i was only looking at the next dividend, and that seems to have gone. Hope there not bad news around the corner
Hello, can anyone tell me what happened to the dividend i use dividendmax to check on my shares and dividends but Crystal Ambers' next and future dividends seem to have gone?
Cousin - ideal? When it comes to investing you’ll be lucky bro we take what we can, when we can. Good to see the bid pushing 80p…. There’s a payment from Prax due end of March early April when they might return something
I have sold a few.
Just feels like I'm doing that in the face of greater uncertainty than is necessary, which isn't particularly ideal.
Cousin - the alternative is sell some at the higher price I suppose? We’ve had a 15p rise so give yourself a divi to reinvest?
Broom - it would be nice to have some guide on wind down.
I have reservations similar to 404x. We don't get much portfolio information these days and the NAV announcements are slow to arrive. I find it odd that buybacks are permitted in these circumstances. Funds in such wind down situations normally return cash to all shareholders rather than going down the buyback route. We then get to choose where to reinvest.
It makes me think that the dice are being rolled to try and trigger the incentive plan if Morphic does deliver. That needs overall returns in excess of around £2.50. Saba clearly were uncomfortable with the terms originally and I'm starting to see why...
The buyback seems to be having the desired effect on the SP but would like some clarity on the rundown plans
Nice to see SP rise and discount close a bit, doesn’t always work out
I got out sometime ago, (see my posts below). They sold equals, which at the moment is in a bidding situation! Personally I hope Equals stays as is, but it shows the (imo) miss management of the fund. Every time I am in Guernsey I see their Ad’s I think yaright. Some NAV behind a private company and the other DeLa Rue (which could come good). But maybe they just pick it because of the pub in Guernsey!
Not before time given we haven’t had a divi will be interesting to see the effect on discount
Pretty dreadful results. A reminder they forced sale of Hurricane far too cheaply at the year's Brent lows.
Saying De La Rue share price has doubled since 23 June 2022 is simply a bare faced lie.
Betting the house on speculative Morphic Medical Inc which doesn't even have a certified product. But because it's not listed they get to assign a value to boost NAV - which they charge their fee percentage on. To top it all off Bernstein continues to take whopping fees into next year, reneging on previous promise to reduce them proportionately. The board are clearly just his puppets.
I was lead to believe hurricane were paying a special dividend of 5.19 per share and prax were paying 6.02 per share and also a dcu of up to 6.48 per share. Don't know where the special dividend has gone and trying to find out is a waste of time. Can anyone explain it to me in plain English.
How much did CRS pay for Dlar and what would it of averaged down to after today's but in ? Thanks
Posters thoughts on whether RB might be considering using the 15 mill held back from hur monies to be buying more De la rue shares at this lower price to average down ?? Thanka
Expecting Odey Asset Management to offload their stake here soon
Anyone else here previous Hur shareholders?
The 'special' dividend didn't pay the 6.02p/share as promised. It is 0.83p/share short (the cash).
Worth remembering there’s another 25p return built in over the next three years with the DCU’s pending