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Market spooked by a RNS pointing out that a fundraising and/or debt for equity swap may be required. Can't be good for our NAV.
averaging down?
It looks as though CRS have increased their stake in HUR... This seems a little risky to me.
HUR drops 53% and CRS share price barely moves??? That wont last
What appears to have attracted 1607 Capital Partners, LLC, is not just the existing 20%+ discount to stated NAV, but also the considerable upside potential in several of the companies in which Crystal Amber is invested.
Investment at DLAR valued at 34million now. Off the radar
NAV at £1.30, Folk were saying the same at tils at 45p, while I was buying. Beautiful
Wouldn’t buy on a 12p spread
Crystals investment in DLAR just went up by £20million today. NICE
I presume that the slide in the share price on Friday was a result of HUR announcing problems with one of their wells?
Under normal circumstances I would now be looking seriously at investing, but worried about Global economic impact of Corvid 19. Have smallish investment in Alm due to the extraordinary potential. also bought into Hurricane as it is now only valued at 26p as opposed to 6p share price. The other investments in crystal, apart from de la rue the day, all appear sound and you would expect Crystals analysis to be sound. If it goes to 50% NAV may be tempted.
Just looking to see if it time to enter, noted BOD bought in January, not that that is a guarantee. Large discount to NAV. We look for these big discounts. Heavily in to FFWD, which is probably more secure than CRS. A small initial investment is tempting though.
DLAR Hurricane ALM they’ve got their work cut out to turn this around, except I believe Alm will come good big time. GLH it’s painful I know I bailed at £1.18 for a small loss as this appears to be heading one way only, will reassess when momentum upwards is seen.
and now HUR which is down 20% atm further compounding the woes here.
Worth keeping an eyeball on that
A summary by Simon Thomson (IC) TODAY.
By my reckoning, the company’s spot net asset value (NAV) per share is around 235p. The 15.75m shares Crystal Amber holds in Leaf account for 13.8p (4.6p at end of April 2019) of the company’s NAV per share based on Leaf’s current bid price of 90p. A likely final cash return of 140p a share to Leaf shareholders will add an additional £8m to Crystal Amber’s NAV, or 7p a share. Making CRYSTAL AMBER's asset value 242p
With the other holdings of Crystal Amber which include a large stake in Hurricane share price should be quite a bit higher in a few months. And don't forget pays 5p dividend pa
Understood. I feel that a direct investment in HUR is fairly high risk. With 76% of NAV in top 5 holdings, CA are displaying commitment and concentration, rather than spreading themselves so wide that they might only produce passive market performance.
According to today’s Times Ocado was the best-performing stock in the FTSE 100 this year returning 105% to date. It’s currently at 767p, well off it’s peak of over 1100p which was reached at about the time when CRS excited having tripled their investment.
This is typical of why, as a thoughtful investor, I prefer to pay attention to the investment manager here instead of to over-leveraged individuals whose track records are far less convincing.
CA fund very overexposed to HUR at 20% of NAV. What if HUR EPS fails to produce ? Unproven play in UK waters. Maybe CA holders of a nervous disposition should think about derisking until the EPS is proven, or if they are confident it will work, then why not invest directly in HUR for maximum profit ? Just a thought.
To say there is no reason to buy this fund in favour of Hurricane is wrong-headed. Crystal Amber is a successful diversified fund intended for those with less appetite for risk than those who might be wiling to invest in Hurricane alone. In my opinion it is in the best long term interests of both Hurricane Energy and Crystal Amber that problems at Hurricane, which have long been clear to the city, are also made plain to small share holders. Bringing the governance problems into the open, using any legal media, is necessary so that vital changes may be bought about. Hurricane investors hijacking this board only serve to prove that things should have gone better for them and that urgent measures are needed.
the relevant excerpt from biffadog's post is: " On that note, if you do hold CRS then you have to ask yourself the question, do I believe that the HUR EPS will be successful ? If the answer is no, then you should sell CRS. If the answer is yes, then you should still sell CRS (23% HUR) and buy HUR at this crazy price "
regarding holding CRS shares in this post on the HUR board. Thread: My sixpence worth.... Started by Biffadog, 30 Nov 2017 11:57
There's a profile of Crystal Amber in the business section of today's Daily Telegraph http://www.telegraph.co.uk/business/2017/02/19/amber-warning-investor-whose-interest-signals-danger/
true enough . I will keep it on the " quick picks " radar for now . See you over at HUR !
Bonjour! Oui je suis invested here. A slow burner I think but in some respects de-risks if they decide to take profits or stay in was my thinking. Double exposure if it all goes bottoms up though!