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Crystal Amber Fund

AIM:CRS
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRS
AIM
£152M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Crystal Amber Fund Limited is a closed-ended equity mutual fund launched by Crystal Amber Asset Management (Guernsey) Limited. The last earnings update was 64 days ago. More info.


Add to Portfolio Compare Print
  • Crystal Amber Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CRS Share Price and Events
7 Day Returns
-7.5%
AIM:CRS
-0.5%
GB Capital Markets
-0.4%
GB Market
1 Year Returns
-25%
AIM:CRS
19.6%
GB Capital Markets
4.5%
GB Market
CRS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Crystal Amber Fund (CRS) -7.5% -13.9% -16.8% -25% -10.6% 8.3%
GB Capital Markets -0.5% -0.1% 2.5% 19.6% 60.1% 102.6%
GB Market -0.4% 1.7% 4.7% 4.5% 6.9% 2.9%
1 Year Return vs Industry and Market
  • CRS underperformed the Capital Markets industry which returned 19.6% over the past year.
  • CRS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.5% over the past year.
Price Volatility
CRS
Industry
5yr Volatility vs Market

Value

 Is Crystal Amber Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Crystal Amber Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Crystal Amber Fund.

AIM:CRS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £2.18 * 14%
£0.30
Book Value of Equity per Share Median Book Value from the past 5 years. £2.18
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:CRS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 19%) (0%))
1.091
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.091 * 6.65%)
8.48%

Discounted Cash Flow Calculation for AIM:CRS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Crystal Amber Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AIM:CRS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14% – 8.48%) * £2.18)
£0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.12 / (8.48% - 1.23%)
£1.65
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £2.18 + £1.65
£3.83
AIM:CRS Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.83
Current discount Discount to share price of £1.61
= -1 x (£1.61 - £3.83) / £3.83
58.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Crystal Amber Fund is available for.
Intrinsic value
>50%
Share price is £1.61 vs Future cash flow value of £3.83
Current Discount Checks
For Crystal Amber Fund to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Crystal Amber Fund's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Crystal Amber Fund's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Crystal Amber Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Crystal Amber Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:CRS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.10
AIM:CRS Share Price ** AIM (2019-11-15) in GBP £1.61
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.17x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Crystal Amber Fund.

AIM:CRS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:CRS Share Price ÷ EPS (both in GBP)

= 1.61 ÷ 0.10

16.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crystal Amber Fund is good value based on earnings compared to the GB Capital Markets industry average.
  • Crystal Amber Fund is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Crystal Amber Fund's expected growth come at a high price?
Raw Data
AIM:CRS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 24 Publicly-Listed Capital Markets Companies 1.22x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Crystal Amber Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Crystal Amber Fund's assets?
Raw Data
AIM:CRS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £2.49
AIM:CRS Share Price * AIM (2019-11-15) in GBP £1.61
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.34x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:CRS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:CRS Share Price ÷ Book Value per Share (both in GBP)

= 1.61 ÷ 2.49

0.64x

* Primary Listing of Crystal Amber Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Crystal Amber Fund is good value based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Crystal Amber Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Crystal Amber Fund has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Crystal Amber Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Crystal Amber Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Crystal Amber Fund expected to grow at an attractive rate?
  • Unable to compare Crystal Amber Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Crystal Amber Fund's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Crystal Amber Fund's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:CRS Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.8%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:CRS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:CRS Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 17 -10 9
2019-03-31 34 -11 22
2018-12-31 52 -12 35
2018-09-30 57 -8 40
2018-06-30 62 -4 44
2018-03-31 21 -4 11
2017-12-31 -19 -4 -22
2017-09-30 22 -3 16
2017-06-30 62 -1 55
2017-03-31 70 -1 62
2016-12-31 78 -1 69
2016-09-30 36 -2 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Crystal Amber Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Crystal Amber Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:CRS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Crystal Amber Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:CRS Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.10
2019-03-31 0.23
2018-12-31 0.36
2018-09-30 0.41
2018-06-30 0.45
2018-03-31 0.11
2017-12-31 -0.22
2017-09-30 0.17
2017-06-30 0.56
2017-03-31 0.63
2016-12-31 0.69
2016-09-30 0.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Crystal Amber Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Crystal Amber Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Crystal Amber Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Crystal Amber Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Crystal Amber Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Crystal Amber Fund has delivered over 20% year on year earnings growth in the past 5 years.
  • Crystal Amber Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Crystal Amber Fund's 1-year earnings growth is negative, it can't be compared to the GB Capital Markets industry average.
Earnings and Revenue History
Crystal Amber Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Crystal Amber Fund Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:CRS Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 16.51 9.22 7.19
2019-03-31 34.07 22.36 11.53
2018-12-31 51.64 35.49 15.88
2018-09-30 56.60 39.84 16.19
2018-06-30 61.56 44.19 16.49
2018-03-31 21.44 11.09 9.36
2017-12-31 -18.67 -22.02 2.24
2017-09-30 21.65 16.33 4.52
2017-06-30 61.97 54.67 6.79
2017-03-31 69.98 61.60 8.20
2016-12-31 77.99 68.54 9.60
2016-09-30 36.21 29.88 6.62
2016-06-30 -5.57 -8.77 3.64
2016-03-31 1.48 -1.87 3.82
2015-12-31 8.54 5.03 4.00
2015-09-30 10.59 6.62 3.95
2015-06-30 12.63 8.21 3.90
2015-03-31 7.17 2.83 3.43
2014-12-31 1.71 -2.56 2.97
2014-09-30 13.20 8.34 3.85
2014-06-30 24.69 19.24 4.72
2014-03-31 26.07 21.09 4.53
2013-12-31 27.45 22.93 4.33
2013-09-30 22.66 19.46 3.13
2013-06-30 17.88 15.98 1.93
2013-03-31 19.33 17.47 1.80
2012-12-31 20.78 18.96 1.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Crystal Amber Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Crystal Amber Fund used its assets less efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Crystal Amber Fund has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Crystal Amber Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Crystal Amber Fund has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Crystal Amber Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Crystal Amber Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Crystal Amber Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Crystal Amber Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Crystal Amber Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Crystal Amber Fund has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Crystal Amber Fund Company Filings, last reported 4 months ago.

AIM:CRS Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 238.78 0.00 242.30
2019-03-31 238.78 0.00 242.30
2018-12-31 213.81 0.00 216.38
2018-09-30 213.81 0.00 216.38
2018-06-30 238.08 0.00 250.18
2018-03-31 238.08 0.00 250.18
2017-12-31 186.33 0.00 188.50
2017-09-30 186.33 0.00 188.50
2017-06-30 201.02 0.00 210.33
2017-03-31 201.02 0.00 210.33
2016-12-31 214.46 0.00 212.47
2016-09-30 214.46 0.00 212.47
2016-06-30 151.52 0.00 152.41
2016-03-31 151.52 0.00 152.41
2015-12-31 144.80 0.00 144.38
2015-09-30 144.80 0.00 144.38
2015-06-30 156.21 0.00 158.85
2015-03-31 156.21 0.00 158.85
2014-12-31 115.02 0.00 113.55
2014-09-30 115.02 0.00 113.55
2014-06-30 123.06 0.00 128.46
2014-03-31 123.06 0.00 128.46
2013-12-31 120.49 0.00 122.10
2013-09-30 120.49 0.00 122.10
2013-06-30 73.85 0.00 72.46
2013-03-31 73.85 0.00 72.46
2012-12-31 70.85 0.00 71.06
  • Crystal Amber Fund has no debt.
  • Crystal Amber Fund has not taken on any debt in the past 5 years.
  • Crystal Amber Fund has no debt, it does not need to be covered by operating cash flow.
  • Crystal Amber Fund has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Crystal Amber Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Crystal Amber Fund has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Crystal Amber Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.12%
Current annual income from Crystal Amber Fund dividends.
If you bought £2,000 of Crystal Amber Fund shares you are expected to receive £62 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Crystal Amber Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
  • Crystal Amber Fund's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.34%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:CRS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:CRS Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-07-10 0.050 2.638
2018-12-13 0.050 2.397
2018-07-06 0.050 2.248
2017-12-12 0.050 2.433
2017-07-11 0.050 2.645
2017-03-28 0.050 2.207
2016-07-14 0.050 2.657
2016-01-13 0.050 3.284
2015-09-10 0.050 2.988
2015-09-08 0.050 3.162
2015-07-08 0.025 1.524
2014-09-08 0.005 0.336
2013-10-24 0.005 0.330
2012-09-19 0.005 0.440
2012-09-11 0.005 0.622
2011-07-07 0.005 0.585

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Crystal Amber Fund has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Crystal Amber Fund only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Crystal Amber Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Crystal Amber Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Crystal Amber Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Crystal Amber Fund has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Crystal Amber Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Crystal Amber Fund has no CEO, or we have no data on them.
Management Team
Board of Directors Tenure

Average tenure and age of the Crystal Amber Fund board of directors in years:

12
Average Tenure
63
Average Age
  • The average tenure for the Crystal Amber Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Chris Waldron

TITLE
Chairman
COMPENSATION
£37K
AGE
55

Sarah Evans

TITLE
Senior Independent Director
COMPENSATION
£18K
AGE
64

Jane Le Maitre

TITLE
Non-Executive Director
COMPENSATION
£33K

William Collins

TITLE
Director
COMPENSATION
£17K
AGE
70
TENURE
12 yrs

Nigel Ward

TITLE
Non-Executive Director
COMPENSATION
£34K
AGE
62
TENURE
12.4 yrs

Fred Hervouet

TITLE
Non-Executive Director
COMPENSATION
£17K
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
23. Jul 19 Buy Christopher Waldron Individual 22. Jul 19 22. Jul 19 5,000 £2.00 £10,000
09. Apr 19 Buy Crystal Amber Asset Management (Guernsey) Limited Company 08. Apr 19 08. Apr 19 100,000 £2.09 £209,000
05. Feb 19 Buy Crystal Amber Asset Management (Guernsey) Limited Company 05. Feb 19 05. Feb 19 10,000 £2.12 £21,200
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Management checks
We assess Crystal Amber Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Crystal Amber Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Crystal Amber Fund Limited is a closed-ended equity mutual fund launched by Crystal Amber Asset Management (Guernsey) Limited. It is managed by Crystal Amber Advisors (UK) LLP. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of mid-cap companies having market capitalizations between £100 million and £1,000 million. It employs an activist approach with a focus on such factors as replacement value, cash generation ability, balance sheet strength, and meetings with management to create its portfolio. The fund conducts in-house research to make its investments. Crystal Amber Fund Limited was formed on June 22, 2007 and is domiciled in the Guernsey, Channel Islands.

Details
Name: Crystal Amber Fund Limited
CRS
Exchange: AIM
Founded: 2007
£151,852,227
94,611,980
Website: http://www.crystalamber.com
Address: Crystal Amber Fund Limited
17C Curzon Street,
London,
W1J 5HU,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM CRS Ordinary Shares London Stock Exchange AIM Market GB GBP 17. Jun 2008
Number of employees
Current staff
Staff numbers
0
Crystal Amber Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 20:56
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/09/13
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.