Crystal Amber Fund Ltd. (CRS)

Sector:

Investment Firms

Index:

FTSE AIM All-Share

 96.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 162.00
  • 52 Week Low: 57.00
  • Currency: UK Pounds
  • Shares Issued: 85.08m
  • Volume: 523,090
  • Market Cap: £82.10m

Crystal Amber says Hurricane Energy has weighed on its share price

By Michele Maatouk

Date: Friday 23 Jun 2017

LONDON (ShareCast) - (ShareCast News) - AIM-listed Crystal Amber Fund said on Friday that the recent drop in its share price primarily reflects the decline in the shares of its largest investment, Hurricane Energy.
The fund, which holds 150m shares in Hurricane at an average cost of 23p each, attributed the decline in the stock mostly to the poor handling of its warrant issue announced on 12 May and comments at its AGM on 7 June, which referred to the near-term focus being on funding and delivering the Early Production System.

"As Hurricane's largest independent shareholder owning 12.2% of the issued share capital, Crystal Amber is supportive of monetising Hurricane's assets, which are valued by Crystal Amber's external consultants who have been its consultants for the last two years, on a NPV10 basis and assuming a $55/bbl flat nominal oil price and that contingent resources 'trade' at a discount to reserves by 50%, at 219p a share.

"The fund also notes comments at the AGM regarding the reopening of Hurricane's data room to a limited number of oil companies that have the requisite development credentials to take the Rona Ridge project to full field development. The fund also believes in the strategic value of Hurricane's asset base."

Crystal Amber also holds warrants over 23.3m shares exercisable at 20p each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CRS Market Data

Currency UK Pounds
Share Price 96.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 162.00
52 Week Low 57.00
Volume 523,090
Shares Issued 85.08m
Market Cap £82.10m

CRS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.26% below the market average63.26% below the market average63.26% below the market average63.26% below the market average63.26% below the market average
56.63% below the sector average56.63% below the sector average56.63% below the sector average56.63% below the sector average56.63% below the sector average
Price Trend
35.76% below the market average35.76% below the market average35.76% below the market average35.76% below the market average35.76% below the market average
40.39% below the sector average40.39% below the sector average40.39% below the sector average40.39% below the sector average40.39% below the sector average
Income
57.05% below the market average57.05% below the market average57.05% below the market average57.05% below the market average57.05% below the market average
83.53% below the sector average83.53% below the sector average83.53% below the sector average83.53% below the sector average83.53% below the sector average
Growth
89.81% above the market average89.81% above the market average89.81% above the market average89.81% above the market average89.81% above the market average
88.92% above the sector average88.92% above the sector average88.92% above the sector average88.92% above the sector average88.92% above the sector average

CRS Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Dec-19 18-Jul-19
Paid 13-Jan-20 19-Aug-19
Amount 2.50p 2.50p

Trades for 30-Nov-2020

Time Volume / Share Price
16:53 500,000 @ 96.50p
16:41 20,000 @ 96.00p
15:11 700 @ 96.00p
08:00 2,390 @ 96.00p

CRS Key Personnel

Chair Christopher Waldron

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