Member Info for Karina1

LMFA (O) oh the irony....! Currently trading at $1.73 so getting fully subscribed subscription at $2.40 shows that either theres real promise here, or their management are even bigger bullshi##ers than ours .

Random thought TC, with the current woeful MC and the triumph that is DLC, a share buy back would allow "someone" to exact at well above market value but also reduce the shares in issue and therefore increase the NAV per share.

Desmonds are paid based on an increase in NAV. Seems a win/win for MP...…… just not for us, as per.

I cannot find anything to say it was a 2 year appointment, anyone else?

And if it was, why not have a successor lined up ready to go?

Mr. Burrows commented, “I am very pleased to join the Board of Craven House Capital. The Company’s philosophy and strategy should provide an exciting opportunity for shareholders and I look forward to working with the Board and management to expand and grow the business.”

Well he certainly nailed all that.......!

Buy Back due to start end of September, so next hour will be exciting TC...... ;-)

I wonder if we will get an RNS IF and when the High Court approve the deal. I do worry about the world economy if the best investment CRV can find is CRV.

Good to see DLC doing well, current spread 0.025/0.13

Tick tock....

This is a common process which will commence immediately upon approval of the resolutions below and which is anticipated to be complete around the end of September 2018.

Hi CJohn

Hope you are well

This does beg the question, why is no one buying, indeed you can only sell 2 shares online currently.

Its it a lack of PR or a lack of trust in CRV? Or something else?

So for the first time in their history the Board are taking an interest in the share price, why now?

If they want the share price higher what about a bit of promotion or, heaven forbid, a director buy, or return the $5m as a dividend.....?

Why do they want the SP higher now do we think?

If they buy back just 500,000 shares then there will only be 220,500 shares not accounted for on the Tear sheet, just over 10% of the Company.

Whilst this does appear to be a good thing for all share holders, why do I feel it will benefit the board and their friends more than PIs ? Is it just a way of letting one of the current major share holders out?

We shall see.

Not a single piece of press on this so far.

I wonder why CRV have gone down this route now instead of following their investment policy ?

"If it appears unlikely that the investing policy can be implemented at any time, the Directors may consider returning any remaining funds to the Shareholders."

So needs High Court Approval and a timescale set for end of September to be in a position to proceed when funds are available

Timescales and courts, 2 of CRVs strong points. ;-)

http://www.cravenhousecapital.com/images/docs/0908181.pdf

They may already have the money TC, the 7mobile deal is a $6m facility, who's to say it has ever been used as of course theres never been an update, or maybe they are selling Qeton as it has to be one of the most successful short term start ups in business history...…..

Is it also possible this is a way to fight off a low ball take over of CRV?

IIU, Inc. offers insurance brokerage services. The company is based in Leesburg, Virginia. As of June 1, 2018, IIU, Inc. operates as a subsidiary of Craven House Capital Plc.
161 Fort Evans Road
Suite 235
Leesburg, VA 20176
United States

Maybe someone reads the board DLC now actual spread of 0.155/0.16

That's not out of hours spread CJohn, that's actual dummy trade limits during trading hours.

DLCs true spread at close as 0.06/0.225

Any normal company would try to sort it out as its over 2 months since DLC listed...…..

Thanks CJohn much appreciated They have a pretty funky website here http://www.iiu.ie/ Looks like the same web desinger as http://www.desmondholdings.com/

I do remember that TC, it was pretty case iron that he was the man behind Desmond Holdings as I recall So there is the possibility here that CRV have had a Desmond employee do the due diligence on the purchase of a business owned (indirectly) by Desmonds that just happened to be bought for the amount repaid by the Greek Hotel That all seems above board to me.

Spooky how the price of the broker exactly matched the repaid loan from Greece. What’s the odds on that ?

Bloody big coincidence if it is Steve..... I have no idea to be honest. CRV looking to purchase cash generative businesses at bargain prices, Desmonds done Mark a favour perhaps? As ever its all cloaked in mystery. At least Mark can get insured when he visits Angola now as free Greek holidays are probably off the table :-)

Yes, the man we believe is behind Desmond Holdings Desmond Holdings manages the day-to-day operations of Craven House Capital and reports to a non-executive Board of Directors which acts in a supervisory capacity.