hangon
- 20 Jun 2011 21:02
Crystal Amber has been highlighted by IC and others... it seems [CRS] buys promising investment, creating a fund which improves as the companies are taken over.
The highlight this year being Pinewood/Shepperton Studio - something I wanted in my portfolio, but couldn't find a decent "entry-point". . .
- As this is in the process of Takeover, it seems [CRS] will make a significant profit.
The sp is just below �1 and the NAV just over �1 - as soon as that studio is finalised, CRS will have a large pot of cash.
Their next largest investment is in JJB Sports, a well-known Brand
They also have a significant holding of Paypoint - which is another good investment IMHO.
Downsides:
It's not a Stonking Bargain, yet what AIM-stock is..?
It breaks my Rule of No foreign investments (they reside in Guernsey) _ DYOR
Also it breaks my Rule of not paying more than 50p for AIM-stock.
Still:
It appears to be covered with prospects, the NAV is at a small discount right now....that's good.
EDIT(19Jy2011)- 96p is a tad down as Al.Fyad dropped bid....but soon enough, eh?
EDIT(27Dec2011)- 82p looks like the steam has run out....25% down - huh
EDIT(28Dec2011): Seems IC says sorry, all AIM-stock is being battered, CRS now at NAV. - huh.Huh.
EDIT(18April2012)- Seems the Pinewood sale cash has been reinvested in TT Electronics, Renishaw and ... so probably good as these were low times, now risen. Seems also NAV almost returned to £1.10 in Jan 2012, despite hard trading for busness in general.
EDIT(8Aug2012):-sp~81p, so in about 1yr this IC "tip" has lost 20%
EDIT(11Oct2012)- 90p, but not much improvement. AGM in Guernsey tomorrow...Huh!