Member Info for CJohnSpain

Thanks, Iosbyios!

Hi iosbyios,

do you have any idea what happened with the tie up with Black Sea Properties?

Why BSP didn't go ahead?

All the best

CJohn

And the last review was several months ago.

So I assume things aren't going well at YRRO.

Sadly, it also says the product is unavailable!

Hello Grawostac,

I agree with all your remarks.

CRV is my worst investment mistake.

Hi Grawostac,

I think it's just because nothing's happened that there haven't been posts.

Could we agree now that whoever gets the CIH results first - not pending, of course!! - posts a full summary here. That would be really useful to other holders.

If I get them first, I'll be happy to summarise.

I really can't comment on Mark P, as I've never met him.

I just know there's a series of obvious improvements that could be made to keep shareholders in touch at CIH, but the Company don't understand the need.

As for Craven Capital, all the companies are still early stage and not much can be expected in my view.

As we have had no RNS about Black Sea Property taking up its option to acquire YRRO ltd's business assets, it looks like it's not going to happen. There was a sixth month window, which for exercising the option which has now closed.

Given Black Sea Property was waiting to see how YRRO ltd developed, we can assume it's not going well.

Hello Tully,

very glad to hear from you. Given what you have said about your health, I feared your silence might be due to health issues.

I hadn't noticed DLC's market price had collapsed back to a few cents!! So given that development that's estimated NTAV for CIH of around $10m. Having said that, DLC's share price does tend to rocket up and down on almost no volume.

My feeling is more mis-management of this company than dishonesty. So many self-inflicted errors could have been avoided, if external input had been paid attention too. You're right though that much is promised, but much less delivered!

De-listing hasn't produced the benefits claimed, as there have been no significant acquisitions since de-listing, and the justification was that de-listing would free the company from onerous aim rules that were preventing profitable deals.

I don't think we should give up, Tully: remember we still have some serious heavyweight investors on board here. And although the company is de-listed, it's not private.

I may write to the company soon and make some suggestions.

All best

They are not about Craven Capital.

Summary:

1. Dreadful results! Collapse in asset value down to around $5.1m, according to the micro-balance sheet, or $6.7m according to the text!! (Just one of several errors in the text.)

2. They need someone from outside who understands finance to go through and check for such errors. For example, they also claim in the report that the Angolan currency crashed 75% in the year 2019-2020. This is wrong. That decline did occur, but over a much longer time span going back five years.

I say it again, we need a non-exec to keep an oversight.

3. Everything that could go wrong did go wrong.


- Angola business collapsed due to COVID issues. Qeton not likely tor revive.
- S Africa loans written down, as debtor defaulted.
- American travel insurance business turnover collapsed
- DLC mark-to-market at single figure cents per share
-listed US energy investments trashed

and that's just the good news.... (Sorry, couldn't resist.)

4. HOWEVER, the balance sheet date - May 2020 - is close to the nadir of the market last year.

So we can expect improvements since then:

- DLC share price has bounced back to around 17c per share. As MP points out, Brazilian land has held its value.

Not sure what's happening to the macadamia production at DLC.

- The aforesaid listed investments will have recovered somewhat.
- Once international travel gets going, IIU may recover.

My guess estimate is the current balance sheet NTAV is around $14m.

S Africa surely offers scope for entry into the capital structure of the debtor? (Angola too? Though perhaps throwing good money after bad!)

I hope this is of some help.

I'll forward the results to anyone who sends me a private message at ADVFN with their email: my moniker there is CJohn. Please alert me on this board that you've done so, otherwise I may not look.

Best wishes to all holders!

This exists, but I understand there is little buying interest, so there is no one to match with!!

1. Those CIH holders who hold their shares through nominee accounts will not be sent the results or other updates as they will not be shareholders of record, so CIH won't know their names.

You need to contact CIH and ask to be added to the mailing list for the results.

2. As CIH have no website, there will be no way for outsiders without an existing connection with the company to learn about CIH.

A simple website where the results were published is the minimum required.

As it stands currently, it means there will be no new potential shareholders likely to come across the website and read the updates.

This is very unsatisfactory and the board who run CIH should be clued in enough to realise that many (existing and potential) shareholders will be excluded, given the current arrangements.

Yes, i can see that it can be interpreted in two ways!

In any case, perhaps Twitter isn't the best platform: very short messages?

I'm going to post on here. I appreciate that there are some post-split buyers of Craven Capital on here. Please accept my apologies in advance for posting on a subject that doesn't interest you. I'll always make it clear it's about CIH:

Hello Leejohn,
Many thanks for setting that up.

I've just set up a twitter account.

My user name is the same as on this board.

Would you add me to the group, please?

Hello Grawostac,

Thanks for your post.

I wasn't really thinking along the lines of security concerns, but your suggestion is an interesting one.

I've never used Signal, so I'll download it shortly and get back to you.

I do think we need a usable forum and your idea of a private group makes good sense.

All best

CJohn

Hello any holders of Craven Industrial Holdings,

Is there any forum, other than this page, where we might discuss CIH?

Thanks for the comprehensive posts on this subject . Highly appreciated.

Hi Robs 12,

you could look at it this way:

- if GPA doesn't come off, PMG is fairly valued
- if it does come off, there is very large upside.

What I'm not sure about is the 25% figure. Is that realistic?

I'm not a specialist resources investor, so don't have an informed opinion.

Total risked NPV is 161.6p in the Finncap report.

However, 103p of that is due to GPA. GPA is risked at 25%.

Take 161.6p -103 = 58.6p and you have the risked NPV in the three out of four cases in which GPA doesn't happen for one reason or another.

So the fate of this ticker rests largely on developments at GPA.

Ps: I hold, but very sceptical indeed about the risked and unrisked NPVs

Thanks, iosbyios, I appreciate your reply.

I admit I almost never watch TV, so am maybe under-estimating potential demand here!

Hi iosbyios,

Would you be able to give us an idea of the prospects of and competition to TV ZINOS?

For an expatriate like myself, who also follows events in Japan and Korea - for investment and personal reasons - this channel will be of some use.

But I can't help feeling I'm an exception and that most people are very well catered for by their "local" TV providers, who usually include many general interest overseas TV channels in their package.

All the best. have a good Sunday.