Crystal Amber Share News (CRS)

Crystal Amber Net Asset Value Rises On GBP5M In Realised Gains

Crystal Amber Fund mulling secondary issue of shares after strong year

Crystal Amber Fund, the AIM-listed, activist fund, has reported that preliminary discussions have been initiated with some of its major shareholders regarding the potential to finance further investment opportunities through a secondary issue of shares. The board said that by increasing the size o

Crystal Amber suffers drop in NAV

Crystal Amber Fund, the activist investor, saw net asset value (NAV) fall over the last year as its investments were hit by global economic woes. At the end of June the firm's NAV was £63.4m, a drop of 3.1% compared to £65.4m the previous year. NAV per share was 105.59p, down from 109.01p at the e

Dick's Sporting Goods takes stake in JJB

JJB Sports has been thrown a lifeline by US sporting goods retailer Dick's Sporting Goods, which has made a strategic investment in the struggling UK sportswear retailer. Dick's is to invest an initial £20m in JJB, in return for which it will receive new JJB shares at a cost of 10p per share and co

Small caps round-up: Aminex, Solo, Firestone Diamonds ...

Oil and gas companies Aminex and Solo Oil took a hit on Tuesday morning after the first stab at drilling their shared Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania proved disappointing. Data will now be recorded to determine whether or not to drill further. Aminex shares fell 38

Crystal Amber's NAV gets a shoeing from JJB

The share price slump of JJB Sports has proved a drag on the net asset value (NAV) per share of Crystal Amber Fund, the activist fund that specialises in taking positions in what it regards as undervalued companies. The investment company, which has representation on the board of JJB after being ac

Crystal Amber increases Sutton stake

Crystal Amber is continuing to add to its holding in AIM-quoted Sutton Harbour following the company's sale of its airline business. AIM-quoted investment company Crystal Amber has added 275,000 shares to take its holding in the Plymouth-based property developer and port operator to 12.14%. Air

Crystal Amber held back by JJB

AIM-quoted activist investment company Crystal Amber Fund Ltd made gains on a number of stakes in the year to June 2010 but a poor performance from JJB Sports has held back Crystal's NAV. The NAV was 115.5p a share at the end of June 2010, barely 1% higher than one year before. The share price is

UK SMALLCAP ROUNDUP:Salamander Energy Abandons Dry Vietnam Well

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SALAMANDER ENERGY PLC (SMDR.LN) said it has plugged and abandoned the Tom Su Lua-1X exploration well offshore Vietnam after it turned out to be dry.

Pinewood Shepperton Says Main Holders Are Backing Board

LONDON (Dow Jones)--Film and television production company Pinewood Shepperton PLC (PWS.LN) Tuesday said it has the backing of the majority of its shareholders, after its second-largest shareholder called for the company's chairman to quit. In a brief statement ahead of the company's annual meet

Crystal Amber Calls For Pinewood Shepperton's Grade To Quit

LONDON (Dow Jones)--Crystal Amber Fund Ltd. (CRS.LN) said Tuesday it will call for Pinewood Shepperton PLC's (PWS.LN) Chairman Michael Grade to step down at the film and television studios group's annual meeting today, as it said the management has failed to realize the true value of the business.

Crystal increases Sutton Harbour stake to 10%

Crystal Amber Fund has increased its stake in fellow AIM-quoted firm Sutton Harbour, which is trying to sell its airline business, to more than 10%. Investment company Crystal Amber has taken its stake in the property regeneration and harbour operating business from 9.12% to 10.03%. Sutton Harb

Small caps round-up: Shed Media, Sutton Harbour, Intelek........

TV programme producer Shed Media reported flat underlying profits of £12m in 2009. This does not include £409,000 of restructuring costs related to board changes and a failed management buyout. This cost figure also includes launch costs for Shed Media US. Selling formats and the back catalogue stil

Crystal Amber rejects Delta bid

Activist investor Crystal Amber Fund says that it does not intend to accept the 185p a share recommended cash bid for Delta unless the bid goes wholly unconditional. AIM-quoted Crystal Amber has asked Delta to send a copy of a letter to its shareholders. The letter outlines why it believes that th

Crystal buys more of Sutton Harbour

Activist investor Crystal Amber Fund appears to have bought the Universities Superannuation Scheme Ltd stake in AIM-quoted Sutton Harbour. Crystal Amber has acquired the exact number of shares that the Universities Superannuation Scheme has previously been said to own. That takes its stake in the p