Craven Hse Cap - Re: CRV Stream Log - The Pressfit potential listing does...

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09:21 11/07/2014

The Pressfit potential listing does not realise any cash. It gives a value to the holding, less than the current carrying value. I dont know how long TC has been investing but if TC thinks the cash is realised it is a bit naive. For one I expect CRV will have a restriction on selling and two if a holder sells 25% of an AIM company they would probably only achieve, if lucky, 50% of the market price. This would equate to around £550k, which actually works out as acquiring Pressfit for shares at abouty .48 the real market price, not the inflated 1.25!!!

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