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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Your an online buddy , no need for any appologies. Keep the faith in this one.

cheers GF.

Wow, look at that share price move up.

cheers GF.

And up again.

cheers GF.

Nice to see this on the move again,,its held on quite well considering the last few days..JN..

Once through 50p technicaly it could really shoot up.

cheers GF.

I wish you had not said that - now look what you have gone and done !!!!
Baza

GF, this was a truely great call at 29p.

i am in LRS but may play here as well.

Well theres plenty thinking like you PT, just look at the NUMBER of + trades today.

cheers GF.

Another one going very well.

cheers GF.

And up she ticks again.

cheers GF.

This one's making a great recovery GF..

It is Jimmy. We have a few sellers coming in now taking advantage of the price run up but the trend as to be upwards on a lowly P/E of onlt just over 5.

cheers GF.

Two fairly big buys just in, looks like it could still pop upwards. cheers GF.

Id like to see it break through the 50p barrier..

Me too.

cheers GF.

Looks like were going back to where we started from yesterday morning. s--t.

Ah well you cant keep a good un down. Itl bounce back up again in a few days.

cheers GF.

Yes,what a shame its the same all over..JB..

Tempted to add Jimmy but you just dont know how the Yank markets are going to go at the moment which will then effect our markets. Just watching at the moment.

cheers Gf.

I bought enough the other day ,, why all the selling ??..JB..

Well the dow has started positively enough - but will it hold ?

baza