games. It's seems today's drop is largely Mr Winnifrith's doing. A lot were already unhappy about the BOD's relaxed attitude to SP and now TW drops the bombshell that (In his opinion) all clients of Daniel Stewart will be suspended.
Personally, i doubt that but even if it were true, our 1m holding in Pressfit shouldn't make that much difference to our SP.
THis company is currently way undervalued, check out it's investments and potential. One of the most undervalued company's on aim, and potentially big gains to be had.
One big drawback is the current malaise of the AIM market.
Still one definatyely to buy and hold.
Talk about roller coaster - I know when you invest in smaller companies there are large swings expected, but this one is all over the place. it's been goo though, as i've bought on some of the lows and sold on some of the highs, but am now holding the ones I've got. Was tempted again with the drop off and had it gone sub 0.5p, I might have dived in for more!
Craven House Capital (CRV): W Shaped Bull Flag After Golden Cross Buy Signal
Published by: zakmir on 22nd Dec 2013 | View all blogs by zakmir
It would appear that at least from a technical perspective on the daily chart there is plenty of festive cheer on offer as far as Craven House Capital is concerned.
The main plus points in the near term are the November golden cross buy signal between the 50 day and 200 day moving averages, as well as the way that a W shaped bull flag has formed above the 50 day moving average now at 0.39p.
The latter is certainly a helpful development as it means we have a useful end of day close trailing stop loss feature for traders.
The expectation now is that after the recent consolidation at and above 0.4p also former post March resistance we can regard the charting configuration here as being very constructive.
The suggestion is that at least while there is no weekly close back below the 50 day line we can expect a fresh leg to the upside for Craven House.
The favoured destination at this point is seen as being towards the top of a rising November price channel at 0.75p plus, a target which could be hit as soon as the end of January.
Only cautious traders would wait on an end of day close back above the 20 day moving average at 0.48p before taking the plunge on the long side.
Strong performance in the period with a number of key business objectives achieved:
NAV of holdings increased by 66% from £2.32m to £3.84m
Investments secured utilising Craven House shares as acquisition currency
Cash generative asset successfully acquired
During the 12 months to 31 May 2013, Craven House Capital Plc ("Craven House") has demonstrated considerable success in building on the solid foundations created by the restructuring of the business during the prior year and our partnership with our investment manager, Desmond Holdings Ltd ("Desmond").
We measure Craven House's success on one simple metric: the Net Asset Value of our holdings. We are therefore delighted to report a significant improvement in our NAV as a result of our investment activities over the course of the year, with net assets increased from £2.32million to £3.84million; a 66% year-on-year increase. This is particularly pleasing progress, given that the Company demonstrated a negative asset value the prior year when the current board and Desmond took control of the Company. This has been achieved entirely through the acquisition of new assets and reduction of debt, with no increases made in the carried value of existing assets on the balance sheet. This trend has continued in post balance sheet events, which have further increased the Company's NAV by approximately £2.4million.
Still massively undervalued NAV up 66% in last year. Should probably be trading near the 1p level at the moment. There is going to be more coming from their current investments, Pressfit listing to AIM, property and companies in Brazil, turnaround of recent African investment to provide profit and cash flow, not to mention any new deals CRV have coming up. Great chance to get in on what could be 1.5p+ within 6 months.
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