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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Doing well today - any particular reason for the healthy buying?

Cheers, Madison

Now up 12.82%. Excellent.

Cheers, Madison

Yes i nearly sold these in the last couple of weeks, i can't find any news as to why its up, where's GF !!

I can't see any reason for it. There just seemed to be a load of buying at 13:30 today!

tallsiii

off thread for a mo, but are you still intending to play in the golf challenge?

pth

Anything to do with the fall in copper reserves?. Just back from holiday really so havent had much chance to scout about.
cheers GF.

This one is flying... up 10p in 3 days that too on such small volume!
Looks like some news on Ladore???

their takeover in Australia is also a catalyst. check the RNS.

this is a great little stock with highly respected management. bloody impossible to buy though!

proptrade - is that why all the buys are mainly coming in in neat 10,000 lots?

Nice to see it breaking out over 50p.

Cheers, Madison

exactly. the NMS is 5,000 shares but all the MM's are committed in 10,000 share lots.

Nice to see it up near year highs, now thats more like it.

cheers GF.

What a call GF made @33p
It is now 54p....... this share is hot (shame never got in it in time...)

Great Work GF!

I think GF called it at 29p sidtrix,i sold out the other day , dam it !!to impatient.

Yup doing well again today. Just hope it stays above 50p for a few days and then we should be really away then.

cheers GF.

i think GF made the call at 29p!

I might have read it a day or two later than he posted the article... Well Jimmy, I sold SEO @ 23.5p and the next day it rose to 30.5p!
lol I was kicking myself coz earlier it kept resisting at 23p and falling back to 18-20p so was playing the tides... waiting for it to hit 22p then will jump in again :)

Well done GF - another feather in your cap - I am afraid I baled out when it hit my stop loss.

Baza

Another good day so far.

cheers GF.

anyone heard any whispers that might explain the last few days on this one. I am delighted with it but would love to have an inkling why.
Alan

no reasons just a growing awareness of this comapny and management style.