Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to eyeball08,Wondergirly,bofh,johnstevens77,Bhoddhisatva, for Donating to support the site

Crystal Amber Fund - opportunity?

Closed-end funds and OEICs
BullDog
Lemon Quarter
Posts: 2471
Joined: November 18th, 2021, 11:57 am
Has thanked: 1995 times
Been thanked: 1208 times

Crystal Amber Fund - opportunity?

#512670

Postby BullDog » July 8th, 2022, 9:35 am

The Crystal Amber fund, an investment trust listed in Guernsey might be looking attractive in the short to medium term? It goes ex dividend next week for a 10p dividend payment on a share price of around 119p. The trust is being wound up between now and sometime in 2023. With a discount to net asset value around 25% or so, there could be an opportunity to buy into the trust quite profitably as it runs down. I am off to read recent company documents and press releases. Curious if anyone else here who is more knowledgeable than I and might have a view on buying Crystal Amber shares? Thanks.

Jam1
Posts: 29
Joined: November 15th, 2021, 10:03 pm
Has thanked: 14 times
Been thanked: 12 times

Re: Crystal Amber Fund - opportunity?

#513233

Postby Jam1 » July 10th, 2022, 4:55 pm

No experience of this IT Bulldog, but there are reasons for this discount one presumes: only 5 holdings remain (albeit there are also holdings within Allied Minds), so not diversified, Allied Minds holds unquoted shareholdings so illiquid, GI Dynamics Board was replaced and shares delisted, tensions with Hurricane’s Board and that of Allied Minds. I only looked at end June 2021 FY information, rather than digging through individual organisational news items. Enough to put me off.
Jam (Tomorrow)


Return to “Investment Trusts and Unit Trusts”

Who is online

Users browsing this forum: No registered users and 38 guests