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To be honest if someone told me I was going to have to pay £8m quid to get out of a deal I'd probably (aside from not making it in the first place) take them through every possible legal avenue in the hope of boring them to death. That aside CRVs perseverance suggests that there might be a pot of change / gold in the depths of a Dublin Court room.
Fairly substantial 2500 x $5.00 buy reported right at the close yesterday. Feeling a bit more positive following that and the 50k earlier.
Havent seen volumes like this in a while.
Hi TC - didn't mean to be too down beat, I'm in profit on this atm (just) but was just tempering expectations of quick money lest people dive in without knowing they could be here a (long) while in a fairly illiquid stock.
I'd be careful, you (like the rest of us) could be in for a bit of wait based on past performance.
Crikey. I'm looking forward to the fireworks from this one.
Appeal court heard the case at 10.30 this morning. No news (as expected) No trades (nearly as expected) No expectations (as expected)
Website down St. Patricks Day Coincidence? :)
We're seriously undervalued and I'm seriously out of pocket. "Shares in Craven House were flat at 4.00 pence Tuesday." http://www.lse.co.uk/AllNews.asp?code=uhzzkpnt&headline=Craven_House_Continues_To_Evaluate_Options_As_Net_Asset_Value_Rises
Little bit more information; DLC Holdings Corp, formerly Desmond Investments Ltd, is a Canada-based company, which operates through the agricultural processing and distribution of macadamia nuts in South Africa segment. Superior Macadamias (Pty) Ltd, an agricultural processor and distributor of macadamia nuts, is a subsidiary of the Company. Superior Macadamias (Pty) Ltd owns a processing facility based in the Mpumalanga Province of South Africa. From the FT: https://markets.ft.com/data/equities/tearsheet/profile?s=DLC:CVE
Thanks Karina. Back to sleep for me. zzzz
TC - where did you see that this was back in court today - can find no reference on the Irish courts site to this date. Thanks in advance.
Some brokers (mine for example) do not offer electronic trading on CRV (only two market makers or something to that effect) - so you can only buy over the telephone.
Further to Steve1848's point - what are management doing about the complete lack of liquidity in the share since the changeover to $USD, only two (?) market makers are offering prices now. Much obliged.
I would say that 'Gentleman' Mr. Bear took my fronting comment and ran with it. But then again, I'm not above blowing smoke up my own @rse, and its not like it wasn't the first time he's cribbed all the content for his articles from this board.
Also strongly recommend googling "Universal Properties Brasil Administracao de Imoveis Ltda", fifth hit seems to be what we've bought. "Universal Properties Real Estate works with the finest Legal, Financial, and Technical Agents in the region to facilitate your business needs for investing in Brazil. We are specialists in Bahia Real Estate Developments, and focus on commercial land and city plots for the development of tourism related projects. Brazil is fast becoming one of the most desirable places to purchase Real Estate for personal use and pleasure or for investment purposes. We also work extensively in the states of Rio Grande do Norte (Natal) and Maranhão (São Luís) in the North-East of Brazil." Names of the company's proprietors are: Martin Brink (Twitter @BahiaInvestment, LinkedIn Martin Brink, MBA) - Previously MD of LSE:VIR, he's the MD of at least 3 other Brazilian companys now. Eddy Loomans (less on him, but its easy to find).
Nov 21: Craven raise $3m in placing Dec 5: Craven buys Brazilian land for $3m Are we basically just a fronting outfit running around doing the buying for unseen investors who are paying Craven a premium for buying? We never get a strategy for what they're doing / planning on doing with vast tracts of Brazil as TC pointed out at great length. This is really quite strange.
Propose Len "Karina" McLusky and Frances "Tullycrow" O'Grady be hereby promoted to the rank of arch Craven inquisitors and be hereby dispatched to ask questions at the AGM in Ireland. On a serious note, I'm up for paying a contribution towards travel costs if someone has the time available to go. Definitely be interested in getting some first hand information on what this lot are up to. Has anyone paid a visit to their offices in London yet? Might swing by one afternoon to have a look and ring the bell.
What the deuce?
The directors house is worth about £350k if that's anything to go off. The company report states: Experian has identified the business as SME with aged or insufficient credit information. Clients are advised that where exposure and risk levels are significant we suggest updating a credit report to ensure that the risk grade remains as predictive as possible.