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.







Powered by IST's

Just keep patient guys.

cheers GF.

Up again and looks like it may go further.

cheers GF

And it is, its moving on up again.

cheers GF.

Have a lot of confidence in this one. It's the sort of thing that I recommend to friends and relatives. I usually avoid advising them of more speculative ventures, but I think this very likely to bring to good growth this year, along with a much more reasonable valuation.

Not surprised, going to keep on buying myself.


Cheers GF.

Looks like a treeshake going on here. No problems buyers now outnubering sellers.

cheers GF.

Well, its trading on a P/E of just over 6. way to cheap just look at the profits its making and the forward statement from the CEO.

cheers GF.

Hi Goldfinger,

Excuse my ignorance (still learning),but if they earned EPS of 15.33 cents(aprox 8p) then surely its trading on a P/E of 4 at 32.5p


All the best
Affc21

Yes the PE is 4.

More news:

RNS Number:4064K
Crosby Capital Partners Inc
31 March 2005


Crosby capital partners inc.

(the "Company" or "Crosby")

Acquisition of Significant Interest in IB Daiwa and Expansion into Japan


31st March 2005

Crosby announces that it has acquired a significant interest in IB Daiwa Corp.
("IBD"), a Japanese company which is publicly listed and in Tokyo on the Japan
Securities Dealers Association Quotation System ("JASDAQ"). IBD's stock code is
3587.

The interest is in the form of warrants to subscribe for 107 million new
ordinary shares in IBD. The warrants are exercisable into ordinary shares of
IBD at a price of Yen30 per share any time during the remainder of 2005 and
thereafter at a price of Yen31 per share any time prior to the middle of July
2006. IBD's ordinary shares are currently traded on JASDAQ and closed today at a
price of Yen18.

The warrants, when exercised, will result in a shareholding that represents just
under a third of IBD's fully diluted ordinary share capital, (assuming exercise
of all the outstanding warrants).

IBD is a Tokyo based trading company primarily interested in textiles, food
products and real estate.

Simon Fry, CEO of Crosby, said:

"I am very pleased indeed to announce what is an exciting and potentially very
significant transaction for Crosby. The acquisition of the IB Daiwa warrants,
and the likely control position that we will achieve in IB Daiwa when we have
exercised those warrants and our nominated directors have taken their place on
the board of the company, are of great strategic importance to Crosby.

"Japan is still the most significant financial market in Asia in terms of size
and diversity. It is also the most sophisticated financial market outside the US
and Europe. As the Japanese economy finally starts to recover after many years
of depression, Japanese corporations are trying to find ways to develop an even
greater involvement with Asia and in particular China.

As the leading independent merchant and investment banking firm in Asia, the
acquisition of a strategic platform in Japan is a major step forward for Crosby,
and one that I believe will be transformative for our group. Our merchant
banking activities have already seen Japanese corporations as counterparts in a
number of large and profitable transactions, and furthermore, in our asset
management business we have recently completed a fund management joint venture
with JAIC, a listed Japanese company.

It is our intention to help broaden the operating scope of the existing
businesses of IBD, and we are convinced that there is a long term opportunity
and considerable potential for Crosby's further expansion in Japan. We look
forward to providing the market with further updates on a timely basis on this
very significant step for the Crosby Group."


-ends-

For further information on Crosby please contact:

Simon Fry, Chief Executive Officer in London on +44 (0)207 590 2800
Johnny Chan, Group Managing Director in Hong Kong on +852 21692800
Andy Berry, Fishburn Hedges +44 (0) 20 7839 4321

Anyone notice this rocket in the last couple of days? GF on holiday?

They are performing well on the news of the Japan expansion. I will be sticking with them for some time.

a great call by GF! again.

Annual report 2004:

http://www.crosby.com/financial_reports/annual_report_2004.pdf

Yup been on holiday and glad to be back. Nice to see this one up but then again its so cheap. Hoping for more upwards action.

cheers GF.

Crosby Capital Partners Inc
31 March 2005


Crosby capital partners inc.

(the 'Company' or 'Crosby')

Acquisition of Significant Interest in IB Daiwa and Expansion into Japan


31st March 2005

Crosby announces that it has acquired a significant interest in IB Daiwa Corp.
('IBD'), a Japanese company which is publicly listed and in Tokyo on the Japan
Securities Dealers Association Quotation System ('JASDAQ'). IBD's stock code is
3587.

The interest is in the form of warrants to subscribe for 107 million new
ordinary shares in IBD. The warrants are exercisable into ordinary shares of
IBD at a price of Yen30 per share any time during the remainder of 2005 and
thereafter at a price of Yen31 per share any time prior to the middle of July
2006. IBD's ordinary shares are currently traded on JASDAQ and closed today at a
price of Yen18.

The warrants, when exercised, will result in a shareholding that represents just
under a third of IBD's fully diluted ordinary share capital, (assuming exercise
of all the outstanding warrants).

IBD is a Tokyo based trading company primarily interested in textiles, food
products and real estate.

Simon Fry, CEO of Crosby, said:

'I am very pleased indeed to announce what is an exciting and potentially very
significant transaction for Crosby. The acquisition of the IB Daiwa warrants,
and the likely control position that we will achieve in IB Daiwa when we have
exercised those warrants and our nominated directors have taken their place on
the board of the company, are of great strategic importance to Crosby.

'Japan is still the most significant financial market in Asia in terms of size
and diversity. It is also the most sophisticated financial market outside the US
and Europe. As the Japanese economy finally starts to recover after many years
of depression, Japanese corporations are trying to find ways to develop an even
greater involvement with Asia and in particular China.

As the leading independent merchant and investment banking firm in Asia, the
acquisition of a strategic platform in Japan is a major step forward for Crosby,
and one that I believe will be transformative for our group. Our merchant
banking activities have already seen Japanese corporations as counterparts in a
number of large and profitable transactions, and furthermore, in our asset
management business we have recently completed a fund management joint venture
with JAIC, a listed Japanese company.

It is our intention to help broaden the operating scope of the existing
businesses of IBD, and we are convinced that there is a long term opportunity
and considerable potential for Crosby's further expansion in Japan. We look
forward to providing the market with further updates on a timely basis on this
very significant step for the Crosby Group.'


-ends-

For further information on Crosby please contact:

Simon Fry, Chief Executive Officer in London on +44 (0)207 590 2800
Johnny Chan, Group Managing Director in Hong Kong on +852 21692800
Andy Berry, Fishburn Hedges +44 (0) 20 7839 4321

Notes to editors:

Information on Crosby

Crosby, with dual headquarters in London and Hong Kong, was established in 1984
and is now Asia's leading independent investment banking and asset management
firm. Crosby has a substantial and diverse client base in Asia, the Middle East
and Europe and has been dedicated to providing these clients with financial
advice for over two decades

Crosby has the professional expertise to execute complex financial transactions,
comparable to a top tier global investment bank, while still retaining the
responsiveness, independence and focus of a smaller firm. In recent years the
knowledge, experience and extensive network of our senior investment banking
team has been leveraged by partnering directly with our clients to create unique
solutions which reform their capital structures and create and unlock value for
shareholders

Crosby's asset management arm has been managing innovative investment funds,
across a wide range of asset classes, in both the public and the private sectors
since 1986. Members of Crosby's newly-formed wealth management division act as
independent investment advisors to high net worth clients. By operating in
partnership with a major Swiss Bank, the wealth management division is able to
arrange support services and safe custody for client assets.


www.crosby.com

cheers GF.

That was the announcement that moved the price.

Hoping we get a few more then.

cheers GF.

A nicwe little tick up.

cheers GF.

Looks ready to spring into action.

cheers GF.