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

These are now ticking along very nicely.
Still very very attractive IMHO.
Onwards to three figures !!!

agreed. holding for a while and i think 100p is easily attainable.
rgds
PT

Anyone know where Goldfinger is?

I think James Bond sorted him out !!

He's in Australia i believe..

Apparently tipped in Shares magazine today - hence the upward trend.
Every little bit helps.

anyone got a copy of Shares?

What a cracking return this one as given me. And I fell theres plenty more to come.

See you chaps in 2 weeks when I return from the land of the convicts.

Blimey over here they are crying into their beer, they feel their cricket team is over the top. Come on Freddie and the lads.

cheers GF.

Gf , you can't take 8 weeks off ,get home at once !!

still rising nicely since the results--seems a good one to accumulate.

still long...write up in Shares normally is a death knell but apart from the errors in the article (3 at my count) it is a pretty good synopys of the story.

triple figures.

rgds
PT

CSB doing incredibly well, and threatening to outweigh some of my other catches.
Obviously it pays to do other than bottom fishing occasionally.
sd.

up 13%. thank you very much!

Yes, an excellent day - wish I'd bought more of these when I started in the 40p range!

PT thanks for your occasional info on Daiwa etc... very helpful.

Cheers, Madison

my pleasure Madison. my average in price is 56 so smiling here as well!

well...they have just sold 20 million IBD shares to pay for their entire warrant uptake and have netted (on paper) 100 million pounds in 5 months.

this is a 2 quid stock lets alone a pound!

anyone seen the comment today in the Daily Mail ?-please could you post if it's of interest.

moneyplus - It's nothing really, just this "Crosby Capital Partners advanced 10.5p to 85.75p amid talks of imminent developments"

CSB was my front runner till about 10am then overtaken by ULT following news of the US deal; back to bottom fishing, but I'll still be drinking Goldfinger's health when he returns. It was his early posts on this thread that tempted me up from the depths.
Can anyone tell me the market cap of CSB; it appears that Sharescope can't keep up.
sd.

thanks prodman-lets hope there are more upward developments next week!