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Crystal Amber Fund NAV falls

By BFN News | 08:17 AM | Monday 23 March, 2015


Crystal Amber Fund's net asset value per share fell 5.0% in the six months to the end of December - or 4.7% including the dividend paid in August - to an unaudited 152.7p (160.8p at 30 June). Over the 2014 calendar year, NAV per share fell 2.2% or 1.9% including the dividend paid. The company said there were significant contributions to NAV performance from Aer Lingus Group, 4imprint and Juridica Investments. It said that a bid approach for Aer Lingus, the fund's largest holding, from IAG has driven a significant uplift in Aer Lingus's share price. Chairman William Collins said: "In the six months to 31 December 2014, we continued to engage with our main investee companies which have made solid progress that we expect to continue in 2015. Support of the fund's shareholders and new investors has enabled the fund to grow its NAV to c. £144 million since the period end. "The proceeds of this fundraising are enabling the Fund to pursue a number of new investments. The fund continues to adopt a relatively cautious approach, with hedging activity as insurance against a significant market sell-off and a focus on asset backed special situations." At 8:17am: (LON:CRS) Crystal Amber Fund Limited share price was 0p at 151p Story provided by StockMarketWire.com

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