Bought these the other day on results day and was certainly taken aback by their fantastic growth over the period focussing in on Asia. Ive copied a report from Killik Brokers who sum up the potential far better than I ever could.

Take note of the last Paragraph.

CROSBY CAPITAL Final Results

We highlighted Crosby Capital last year as an interesting opportunity. Its rather complex business structure makes it difficult to analyse and its introduction to the AIM market through a reverse takeover of a cash shell meant that investors have gradually got to know the story over the past twelve months. Nevertheless, it is fair to say that from a placing price of 15p, the rise to 29p suggests the action is underway.

The group is headed by two well known investment bankers including Simon Fry who was former head of Nomura in structured finance alongside Guy Hands. The company was established to house their interests in handling transactions in the Asian region and late last year, the first fruits were delivered with the injection of its oil and gas agreement with Medco which provided them with a carried interest over disposal proceeds above a $120 million benchmark (the expectation is for a sum significantly higher which will provide Lodore Resources with a useful cash injection). Crosby, having placed down 70 million Lodore shares for 10 million gross (5 million net to Crosby), retains 214 million shares worth around 32 million or around 15p per share.

Partially reflecting this disposal, Crosby has reflected part of the profit as it announces for the year to December 31, 2004, it generated a profit of $34 million on $55 million of revenue. The company states that the actual profit to be recognized on the Lodore transaction will be $82 million or 42 million. The total value of Crosby at 29p (new high up 3p) is 60 million. Simon Fry alludes to a healthy pipeline of new merchant banking opportunities coming through and hopes to conclude some this year.

For investors, it appears one is paying a modest premium over current assets for potential significant further upside. ENDS.

DYOR

Speculative punt, that could be a winner.

cheers GF.







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Having completed this deal the stage is set for further activity. Crosby's ability to identify undervalued assets and execute complex transactions, using little capital from its own balance sheet, has the potential to produce spectacular returns. We believe the recently announced IB Daiwa transaction could be another deal with returns that match the Sunov trade. NICE.

cheers GF.

If you look at the new Broker note this is nothing but a STRONG BUY. Forward P/E of 4 and historic/rolling P/E of 6 and a fantastic growth share at that.

cheers GF.

Hope so GF another bad start all round today..JB..

The Yanks will drag us out of it Jimmy in the next couple of days.

cheers GF.

A 50,000 buy just come in.

cheers GF.

Thats good ,come on start buying!!

Yup come on get buying them. LOL.

cheers Gf.

Still banking on the yanks to pull this market around.

cheers GF.

Yes here's to a good next week..JB..

Hi Jimmy,

well Tom Winnifrith is very bullish on the future market tonight, he says dont let the TA big guns get you down and predict how things will go.

cheers GF.

A bit down today, as all the markets are down lets hope some positives from the other side of the atlantic.every thing is down,feel like selling every thing and wait for the dust to settle,its very hard call at the moment.But we all will weather the storm,whats your view goldfinger.

I just thought the same ateeq180 , but ive been here before and it always comes back,,does'nt it?? yes whats your view GF..JB..

Just to sit and hold tight but dont Buy anything until we see at least two good days on the trot from the US. I think its just a sharp short blick reminding us all not to get too greedy. For certain the momentum play market is over. Techs with no asset backing I beleive will take even a further whack.

Perhaphs the White Nile saga was the sign that was telling us we were getting too far in front of ourselves, a bit like Last Minute.com back in 2000.

cheers GF.

I have taken a poundering last year when i was in a similar situation,which i did regret at the end as it was a panic selling,but this time i keep on saying to my self, not this time,and i think the best thing will be to wait,it will be nice to see the blue again.

On a down day i wish i had bought STANLEY LEISURE,for a day trade looks too late now.

On a down day i wish i had bought STANLEY LEISURE,for a day trade looks too late now.

Looks as though every one bought into this stock is very confident,that this will come good soon.even though its heading south every day.

Looks as though every one bought into this stock is very confident,that this will come good soon.even though its heading south every day.

Ateeq, Ateeq - you have an echo - you have an echo

Baza, Baza

Ateeq, I think you will find that its been a near bagger since I posted the thread in very short time aswell. With a P/E of 5 and a forwars P/E of 4 its derd cheap and in my opinion a certain BUY.

cheers GF. Loading up tomorrow on it aswell.