Previously Crown Corp, CCO. Institutional interest now and the Co has changed it's name for a fresh beginning. Still very speculative, but what isn't? but just a case of investing the huge amount of Cash sitting in a Brazilian bank a/c. There's no real difference here to an emerging markets investment fund apart from the obvious and very attractive discount to NAV of approx 75% !!!!!

That's what the MMs like to see, robstuff, got it in one! lol!

Paul - can't you get this share written about by sending them the story - i know you're good at that sort of thing. This share needs to get noticed!

From iii

20:45 e mail from s/p and results date! papaduke
Ihave the likely results date, i e mailed him 2 days ago, he has replied late evening today with a circa results date!!,just wanted to say bye bye to all the shorters on the board, and as per pre last rise i shall be taking out several more substantial options on lgb after tuesday as i will then get june 2006 options with ig,i mat disclose date or may not, seems to be too mant doubters on here, we shall see, blue horseshoe loves langbar, how many times must i say this,tip,carchase,fx, give me your e mail and i will forward the magic date.

R33 Hi,

Where do you find them, I have seen bad grammar before, and mine isn't the best, but that is rubbish, how can you believe someone who cannot spell, or check what they have written before they post it ?

What is IHave, e mailed, mat, mant ??

I think they are talking crap !

E-Mail the company yourself, and see if they give you an answer, they won't, and they didn't give him an answer either IMHO.

Cheers,
PM

R33.. sure I have seen you somewhere before ;)

I think the e-mail is also a fraud. People who bought at higher levels getting very twitchy now by the contents of the various BB's. Now is a time to sit back and wait, or even add if the SP drops anymore.

Good luck all holders

PM

The guys quite well respected on iii and has had replies from Pearson before .I have no reason to doubt his posts and he has been a long term holder of CCO/LGB.
Maybe he typed it in hurry i can`t help him with his grammer.

Many posters have received replies from Pearson or Padley at Bankside ,why should i doubt this one ..


Cheers ,

R33.


Edit - CRT131 Yes you doo seem familiar..

R33 Hi,

It just sounds like poo !

Has that poster ever forwarded an e-mail from HQ to anyone else ?

If not, it still only has a 50% chance of being true, same as a guess, and not even as good as an educated guess ....

Cheers,
PM

PM

Ive read his posts and trust him ..

Yet another reply from Pearson to a shareholder from iii

21:49 BUYE-mail from Stuart Pearson JRz
I e-mailed Stuart Pearson confirming the date for the interim results. I also asked him about the share price situation of why it is not near the NAV price.

As far as the interim date is concerned, the interims will be published at the end of next week.

As far as the price is concerned, he stated that Langbar International is bewildered about the discount of its share price and it is much larger than one would normally see in an investment company.

He also stated that long-term the Company's trading results will determine the share price. I am not really sure whether he was referring to the coming results or the ones in the future.

Hope this help.

Another email sent and replied to

from ADVFN

msjones - 23 Sep'05 - 10:51 - 7213 of 7213 (premium)


Hey boys, remember the e-mail i sent to LGB yesterday asking for a consideration of at least a modest share buy back programme (for ref see below)

Well i'm pleased to say that i gotta a response (If the major shareholders are happy who am i to qquibble i suppose):


-------------------------------------------------------------------------------
Dear Sir,

This has been considered but the major shareholders are, at this time, happy with the progress and the strategy.

Regards
--------------------------------------------------------------------------------
From: Jones M S (SoTech - M&S) [mailto:msjones@glam.ac.uk]
Sent: 22 September 2005 11:17
To: info@langbar.com
Subject: An exciting investment opportunity


Dear Mr Padley,

I am a shareholder of LGb and am delighted wit the recent performance of the board. They don't seem to have put a foot wrong at present. I keep up to date with their news releases and realise that they are not intending to return value to share holders at the moment in terms of cash but prefer to invest in some exciting opportunites.

While I applaud their actions and intentions, may I point out that while it is a laudable thing to do, there is another opportunity to invest that also presents an equally exciting opportunity especially where investors are concerned, namely instituting a share buy back programme. In this way, maximum value can be returned to shareholders for a minimum of outlay.

Please could you be so kind as to pass on my suggestions to the board. I am sure I'm not the first to do so.

Yours fatihfully,

Dr M.S. Jones

This is a reply by Pearson on behalf of Real Affinity,he does reply to PI`s

Thats 3 of Pearsons companys LGB,RAF and MOI all publishing interims or results before Sept 30th hmmm .

hmmmmm indeed. Lets hope it a good week as I hold 2 of those.. ;)

Well a good week for LGB so far. MOI should also do well.

Posted this elsewhere today - any comments?

Current share price of 81p gives a market cap of 140m.

In their last announcement they stated they had cash totalling US $664m in Brazil (which equates to 370m). Of this they have now removed $294m (167m) into a cash deposit account in Europe (at 3.5%) and have clearance to invest the remaining $370m (209m) in European assets (co's/property) which are as yet undisclosed

Hence you have a company with a mkt cap of 140m with assets of 350m (once provided tax liabilities are deducted), a discount of 63%.

The obvious concerns is the origins of the cash in Brazil seem dubious to say the least, though they now have their hands on the money. The discount to asset value is surely based on the anxiety of where the money came from and what could happen if the "dubiousness" was proved - could it be seized or repatriated by the Brazilian authorities. The other concern i have is this seems to have been ramped to the hilt recently and has a lot of "hot money" in it. Surely even if they invest the money poorly, a discount to NAV of over 60% is wrong.

They are expected to announce interims tomorrow am and I am contemplating taking a position in advance - anyone else looked into this or got any views?

Hi Fund
I`ve been in this for awhile now and I`m surprised the market has held this one back so heavily especially after the release of the funds you mentioned. I don`t think with the time scale of the money held in Brazil that the bank would have released any money unless Langbar (previously Crown Corporation) had proved their ownership of the funds. It`s one of those "this is too good to be true stories" in my opinion which I believe IS true. Even with the larger proportion of funds still in Brazil it is earning real interest on those funds. The money in Holland (me thinks) is earning I believe 4 or 4.5% interest on agreement so it`s hard to see this one failing to deliver some positive news. There are good people in charge and should make wise decisions on investments. Maybe everyone is too nervous about so much cash to play with and thinks the boards going to disappear with heavy suitcases !! This BB has been very quiet recently but I think that might change soon. I`m staying in and expecting to fill my empty suitcase soon on this one. All the best if you join the money train, I think I can just see it coming down the line. Obe

Well this afternoons RNS, that Pearson is going to bail out one of his other companies has persuaded me to stay out of this for now:


Langbar International Limited
29 September 2005


For immediate release

29 September 2005

Langbar International Limited
('the Company')

Statement re Possible Offer

Further to the announcement made earlier today by Real Affinity plc, the Company
confirms that it is in discussions with Real Affinity plc which may or may not
lead to the Company making an offer to acquire the entire issued share capital
of Real Affinity plc.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
'City Code'), any person who, alone or acting together with any other person(s)
pursuant to an agreement or understanding (whether formal or informal) to
acquire or control relevant securities of Langbar International Limited or Real
Affinity plc, owns or controls, or becomes the owner or controller, directly or
indirectly, of one per cent. or more of any class of securities of Langbar
International Limited or Real Affinity plc is required to disclose, by not later
than 12.00 noon (London time) on the London business day following the date of
the relevant transaction, dealings in such securities of that company (or in any
option in respect of, or derivative referenced to, any such securities) during
the period to the date on which the offer becomes or is declared unconditional
as to acceptances or lapses or is otherwise withdrawn.

Under the provisions of Rule 8.1 of the City Code, all dealings in relevant
securities of Langbar International Limited or Real Affinity plc by Langbar
International Limited or Real Affinity plc, or by any of their respective
'associates' (within the meaning of the City Code) must also be disclosed.

If you are in any doubt as to the application of Rule 8 to you, please contact
an independent financial adviser authorised under the Financial Services and
Markets Act 2000, consult the Panel's website at
www.thetakeoverpanel.org.uk
or
contact the Panel on telephone number +44 20 7638 0129; fax +44 20 7236 7013.


Enquiries:

Langbar International Limited Tel:0113 284 3838
Stuart Pearson (Chief Executive)

Fund, whats the history with RAF then? Why such bad news?

Booboo

Dont know a great deal about them but find it strange to see a company with a supposed 350m to invest spending 4m or so on a struggling company in which the LGB chief exec is involved. RAFs share price had gone from 1.5p to 0.2p prior to this and is currently loss making. The shares have gone uo to 0.95p on todays news.

Would rather see the company finding decent investment opportunities for 10-15% of their cash rather than bailing out "one of their own" - will MOI be next?

Yes, quite so. Not going to make much of a dent though is it. BUT you are right....hardly reflects the kind of leadership one would hope for with 350m in the bank.... perhaps I should buy MOI.....

Booboo

in the 10 mins after this was announced today MOIs price went up 20% then fell back at the close - i think the MMs were one step ahead of anyone thinking this today!!!