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Share price up from the day before yesterday $ 0.90 to today $ 1.00, can guarantee now that Gyllenhammar will as last sell out again
Any news update?
https://www.londonstockexchange.com/stock/CRV/craven-house-capital-plc/company-page
The wait continues.
Best of
Agreed CJohn .
There seem to be some movers within the portfolio.
Whether they are translated to an uptrend .
Your guess is as good as mine.
One hopes there is more underlying value hidden and we await amazement .
Best of
https://live.euronext.com/en/product/equities/NO0010755101-MERK/messages#CompanyPressRelease-4123236
I can see that the speed on Magazinos is 2,2 seconds, which is fast
https://gtmetrix.com/reports/www.magazinos.com/1SUBMKEw/
https://gtmetrix.com
Waiting now for news regarding the sale or listing of Magazinos.com
https://www.londonstockexchange.com/news-article/CRV/investee-company-update-magazinos-com/14691179
"That will be a nice £11 million to add to the MCAP .
Taking us to a new £15 million valuation . IF that occurs .
Best of"
Hi bbr391,
Bear in mind that CRV only owns 29.9% of YRRO ltd!! not 100%!
So the calculation is 29.9% of 130 million Norwegian krone in BSP shares.
or 29.9% of $15.33m , which comes to $4.58m in BSP shares.
This may or may not play through to the market cap of CRV.
"£3000 in CRVSs bank account as at November 2020........?"
Hi Karina,
I think the answer to the pitiful cash position you draw attention to and CRV's ongoing loss - $119k- is found in note 8 from the interims:
8. Related party disclosures
Craven Industrial Holdings Plc
During the period, now commonly owned, former subsidiary Craven Industrial Holdings Plc paid costs on behalf of and advanced loans to the Company. At the period end, the outstanding balance due to Craven Industrial Holdings Plc was $204,241.
I assume this arrangement will continue until CRV gets some income.
That will be a nice £11 million to add to the MCAP .
Taking us to a new £15 million valuation . IF that occurs .
Best of
Hi Katrina
Saw that, but we could also see on the Interim result the deal with YRRO Ltd and Black Sea Properties AS listed on Oslobors, Euronext Growth list
Hopefully is that this deal with BSP AS will be done!
Transactions after the period end
On 9 December 2020, the Company announced that Black Seas Property AS ("BSP") entered into a 6 month option agreement to acquire certain brand names and associated rights from its investee company YRRO Ltd. Under the terms of the agreement, consideration payable of NOK 130,000,000 is to be settled by the issuance of new shares in BSP to the shareholders of YRRO Ltd.
£3000 in CRVSs bank account as at November 2020........?
Hi John
I agree and I do Not understand why Magazinos does not use Google Adsense to have ads on the service
If you use the Google calculator then you will see the earning from Google
https://www.google.com/adsense/start/#calculator
I don't know the traffic on Magazinos, but as it is a Free service I assume the traffic is high
In my example under I used that a user does 10 page views and its interest is, Home and Garden and users come from Europe
Daily visitor Page view Month Total page vie Yearly Revenue / Cost
1.000 x 10 x 30 = 300.000 $ 42.720
10.000 x 10 x 30 = 3.000.000 $ 427.200
100.000 x 10 x 30 = 30.000.000 $ 4.272.000
500.000 x 10 x 30 = 150.000.000 $ 21.360.000
1.000.000 x 10 x 30 = 300.000.000 $ 42.720.000
5.000.000 x 10 x 30 = 1.500.000.000 $ 213.600.000
10.000.000 x 10 x 30 = 3.000.000.000 $ 427 200 000
Hi Iosbyios,
Readly has subscriber income and has to pay for the organisation to collect that income. So overall it has significant losses.
Magazinos has almost no income - only from almost non-existent advertising - and very low costs: a couple -?? - of web designers.
What is Magazinos's value?
Is the advertising model viable? the fact they have no outside clients suggests it may not be. Time will tell. If the model isn't viable Magazinos is worth almost nothing.
The Swedish magazine service Readly, ruffly 1/ 3 of Magazinos with only 4.000 magazine titles to read compare to Magazinos 11.313 just announced result of 2020
Revenue 2020 was SEK 352 million, as Readly can keep 30%, 70% is forwarded to publishers, the net revenue is SEK 105,6 million
The result of 2020 is SEK -189, which says that the total cost running Readly yearly is SEK 294,6 million
CRV owned Magazinos does break even
Market Cap for Readly is SEK 2.675 billion
http://www.nasdaqomxnordic.com/aktier/microsite?languageId=1&Instrument=SSE203369
Under from Readly announcement today:
Revenues for the period amounted to SEK 352.6 (264.7) million, corresponding to an increase of 33.2 percent compared with the same period last year.
Gross profit increased by 41.4 percent to SEK 117.1 (82.8) million, corresponding to a gross margin of 33.2 (31.3) percent.
The coverage ratio for the period was -10.8 (-6.2) percent.
Operating profit amounted to SEK -189.1 (-142.5) million, corresponding to an operating margin of -53.6 (-53.8) percent.
Adjusted operating profit for items affecting comparability amounted to SEK -169.6 (-138.1) million, corresponding to an adjusted operating margin of -48.1 (-52.2) percent.
Earnings per share were SEK -6.5 (-5.9), before and after dilution.
https://corporate.readly.com/files/Main/18245/3289131/readly-year-end-report-2020.pdf
Hell of a price if sells, maybe but was that price even offered anytime, can't remember it getting that high.
Can see that 75.000 CRV shares was sold 12.02.2021 for $ 1,25 - 1,30
The question is Not who is selling, most probably Gyllenhammar, the question is, who is buying and what info do they have?
I've tried to get it to work on my PC. But it's very clunky, with Microsoft Edge
Works better on my smartphone.
Hi Karina
Regarding Gyllenhammar, no
Hope Elvis leaves the building fast!.......... ;)
Regarding Egil, I spoke also with him, as I am native Norwegian, he is very positive to speak with, that said, Egil is very corporate and I as you did not get positive or negative information from him
What I can see from listings on Oslo Bors Euronext Growth 2020 is that all listings are more or less sky is the limit
We talk P/E figures of 100 or 20 times yearly revenue, totally crazy valuations on that list!
Have you heard any more on this, ios ?
I talked to Egil and they will have a board meeting now Thursday and will after that make an announcement, that said it can be negative news but hopefully a positive
I can see that Gyllenhammar is selling out and by that the share price drops every time Gyllenhammar sells
The good part, I checked Magazinos during the weekend and all works perfectly
Magazinos publish today 11.303 magazine titles for free to read and is Nr 1 in the world by content to read
That against Swedish Readly, with only4.000 titles to read, cost monthly € 9.999, +70 employers, loses £ 15.000.000 yearly, and is valued at £ 250.000.000
http://www.nasdaqomxnordic.com/aktier/microsite?languageId=1&Instrument=SSE203369
One hopes his departure is rapid and the BOD do well without him .
As you write could go either way .
Past performance has been more than poor .
Best of
YRRO Ltd owned by CRV 30%, got its OMEGA 3 NORTH NORWAY now on the landing page for Omega 3 on Amazon UK
OMEGA 3 NORTH NORWAY cost on Amazon UK £ 14,99 and I can see that it got a 5-star rating from the users
https://www.amazon.co.uk/NORTH-NORWAY-90-Salmon-antioxidant-astaxanthin/dp/B08RXF21JR/ref=sr_1_156_sspa?dchild=1&keywords=omega+3&qid=1613127283&sr=8-156-spons&psc=1&spLa=ZW5jcnlwdGVkUXVhbGlmaWVyPUEzMEVYSUJUMTZYU1MxJmVuY3J5cHRlZElkPUEwNjAxMzUzQjc2UUJBSk9KQVA1JmVuY3J5cHRlZEFkSWQ9QTA5MjcxMDYzMzZaTFVES0k3RlMmd2lkZ2V0TmFtZT1zcF9idGYmYWN0aW9uPWNsaWNrUmVkaXJlY3QmZG9Ob3RMb2dDbGljaz10cnVl
Peter Gyllenhammer is another sort of animal.
He'd ask very hard questions to the Craven management about the price paid by CRV Capital for their stake in the five companies, which was exorbitant.
There would be no reason for him to work with the Swedish web companies. That's not his business at all.
We just have to hope that he's wrong this time. (But he's usually not!)
I'm sorry to hear that, bbr391.
As you are aware , P Gyllenhammer is a very successful value investor with many years experience.
The fact he's selling is not a vote of confidence in CRV, sadly.
But P Gyllenhammer is not infallible, of course.
The Tech Scandinavians in CRV were not interested to work with Peter
Peter don't work for the shareholders, Peter work only for himself
One can differ on one`s belief CJohnSpain.
I remember Peter costing me a lot of cash . Whilst taking private a dental firm from AIM .
Good Riddance Gyllenhammer .
Best of