Running small-cap profits

In the event, Crystal Amber’s share price peaked out at 157p at the end of the first quarter, inline with the company’s net asset value at the start of the year. Small cap indices have been struggling to make headway this year, so given its weighting to this segment of the market Crystal Amber has not surprisingly put in a more subdued investment performance too. The company’s latest net asset value is 156.3p, down from 160.8p at the end of June and unchanged from the start of the year. Currently priced on a bid offer spread of 141p to 142.5p, the shares are rated around 8.8 per cent below end of July book value.