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% !!!!!

http://www.atlanticogolfehotel.com/

Is this the daftest share? Worth 4 times the sp in cash!!!! when are people going to wake up to this fact.

Rob Hi,

One day real soon :)

Cheers,
PM

Langbar International - SPECULATIVE BUY
Companies: LGB RAF
03/10/2005

A company with a market value of 114 million that has just reported net assets more than three times that level at 357 million should not see its shares drop 15 per cent.

Nevertheless, this fate affected Langbar International when chairman Stuart Pearson delivered a 14.77 million interim pre-tax profit for this investment company, previously called Crown Corporation. He reckons last weeks 12p fall in the share price to 66p reflects profit-taking by those who bought the shares when the corporate financier joined the venture in early June. At that point the shares, after initially doubling from their 370p starting price, stood at 11.5p.

Previous chief executive Marius Rybak had sold the groups interests in Argentinian construction contracts for 280 million in term deposits with Brazils central bank. Clearly the market believed Crown would be unable to realise them. Last week though Pearson confirmed that he has arranged to use $200 million of the funds to develop a property venture in Portugal and transferred the remaining $300 million from Brazil to Holland.

He wants to appoint a renowned property professional to develop the Portugal site and eventually spin it off. With the remaining assets he plans to acquire an established cash generative business.

Meanwhile, he is undertaking smaller transactions, such as last weeks 2.6 million bid for marketing services outfit Real Affinity. Pearson is starting to attract long-term investors to back him and at a 68% discount to net asset value of 205p a share, others should follow this lead.

Christopher Spink
Market cap: 114.3m
PE Forecast: n/a
Share price: 66p

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hundreds piled in before results hoping for a quick killing. it didnt happen so they sold which has spooked a few other. hence the price drop. each to their own but imo they are VERY shortsighted.

Agree. Greed & fear. Sit back and watch it happen. Great buying opportunity in the making for newcomers prepared to hold more than a week.

Some very sustained buying yesterday without any great effect. If the big T trade at the end of the day was a sell, just could be that Phillip Wood was selling some stock to invest in MOI. Just a theory but, if so, LGB should start to recover.

rumour has it that todays massive volume was one or more institution/s buying in and clearing out the big forced seller...

guess we'll see tomorrow...

also may be more institutions coming on board as Pearson is currently doing the rounds in the city...

Anyone seen the RNS on the other side. Merrill Lynch bought 250,000 @ .59p own 4.6million shares = 2.65% of Co.

More news tommorrow, looks like Stuart Pearson doing the business.

Looking good for tommorrow.

..............looks like the 'business' isn't helping .........it really gives me the creeps this share........can't bear to look sometimes....

Hi BOOBOO
Looks like being BOOHOO for awhile now. Don`t understand why this cash rich company is so oversold. Has the money been carried away in suitcases to the Bahamas or something ?! Why doesn`t anyone like companies making money anymore ? Anybody would think the interim results showed a massive loss not millions of pounds gain !!!!....if I had any spare cash I`d be buying more to average down ....quite heavily I would hope...but I haven`t got any...I wonder if I contact Stuart Pearson....he`s got alot of cash on his hands !!!....looks like my time scale for profit has to be extended a tad !! Good luck all.

Some further fund buying~

RNS Number:4942S
Universities Superannuation Scheme
11 October 2005


Date of Disclosure 11/10/05

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing 5/10/05

Dealing in LANGBAR INTERNATIONAL LTD (name of company)

1) Class of securities (eg ordinary shares) COMMON EUR 0.001 SHARES


2) Amount bought Amount sold Price per unit

200,000 - #0.60

3) Resultant total of the same class owned or controlled
(and percentage of class) 3,420,000 (1.96%)


4) Party making disclosure UNIVERSITIES SUPERANNUATION SCHEME LIMITED

RNS Number:4944S
Universities Superannuation Scheme
11 October 2005


Date of Disclosure 11/10/2005

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3
OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing 6/10/2005

Dealing in LANGBAR INTERNATIONAL LTD (name of company)

1) Class of securities (eg ordinary shares) COMMON EUR 0.001 SHARES


2) Amount bought Amount sold Price per unit

400,000 - #0.59

3) Resultant total of the same class owned or controlled
(and percentage of class) 3,820,000 (2.19%)


4) Party making disclosure UNIVERSITIES SUPERANNUATION SCHEME LTD

andyeds,

just checked the LSE website, and then realised that none of the Oct RNSs for LGB show up on MAM (for me).......

and sure enough, there is a big long being closed, and a major share-holder selling at low price a couple of percent of the company (but still remaining with about 19%)......

i assume the sp has been held back so that they can all get on board........
would tie in nicely with the insto's getting in......

Alternatively, belisce6, the sp was held back so the major share-holder could offload 2% at a nice low price - I don't think so, do you?

Since the price is being held way low on sentiment, sentiment must be taken to be the dominant factor over fundamentals that is governing the SP. The sentiment is evidently speaking its mind currently. So I guess, we all have to wait for a change in sentiment for a decisive change in the SP - who knows in which direction. I'd need it to be dma-breakingly northward before entering the debate with hard currency. The safest entry point would be as it breaks the July 100p high. You may miss out on the first 50p, but you capture the next 50p much more safely. However, I do not expect many PI's who also read BB's will be taking this advice - atque mea culpa.

sd

Hi All,

Those who remember my posts on FYB, the one's I was suspended for, and decided not to go back .... well here you have the proof that I was posting a perfectly valid statement, by suggesting that LGB would suspend the stock, pending a revaluation, this has happened today, so LOL at FYB !!!!

Statement re. Suspension

RNS Number:5412S
Langbar International Limited
12 October 2005


Langbar International Limited ("the Company")


The Company announces today that it has requested the suspension of trading in
its common shares of Euro 0.001 each in the capital of the Company with
immediate effect pending independent verification of certain of the assets of
the Company.

Excellent, independent verification and true value to come..what price will it start trading at, any guesses?

So paul , what else do you know?

Must say, I am mightily relieved. Couldn't sleep last night. Carrying a bigger loss than ever and have broken all my own rules on when its time to jump off (the investment that is, not the cliff). Come on Pauly give us a clue about a possible re entry level?

there are so many rumours good and bad flying around about this on other sites
its hard, what to believe, but raf shares have gone up today,

Rybak has been selling over recent days. It would be informative to know why. I suspect that interested institutions might have requested he reduce his stake, but it would be helpful to see that in print.


RNS Number:5284S
Dr Mariusz Rybak
11 October 2005


FORM 8.3


DEALINGS BY PERSONS WHO OWN OR CONTROL 1% OR MORE OF ANY CLASS OF RELEVANT
SECURITY
(Rule 8.3 of The City Code on Takeovers and Mergers)

Name of purchaser/vendor * Dr Mariusz Rybak
Company dealt in Langbar
International
Relevant security dealt in Ordinary shs

If a connected EFM, name of offeree/offeror with which N/a
connected

If a connected EFM, nature of connection # N/a

Date of dealing Most recent date
11th

DEALINGS +

Amount bought Price per unit (currency must be stated)

Amount sold Price per unit (currency must be stated)
500,000 56p

Resultant total amount and percentage of the same
relevant security owned or controlled 34,100,892 19.69%


Previously undisclosed trades detailed below

Date of dealing No. Shares Buy/Sell Price Resultant Total Percentage
4 Oct 2005 750,000 Sell 64.38p 37,550,892 21.68%
6 Oct 2005 2,100,000 Sell 55.19p 35,450,892 20.47%
7 Oct 2005 600,000 Sell 61.5p 34,850,892 20.12%
10 Oct 2005 250,000 Sell 59.8p 34,600,892 19.98%


IS A SUPPLEMENTAL FORM 8 (DERIVATIVE)/FORM 8 (OPTION) ATTACHED? NO

Date of disclosure 11th October 2005