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% !!!!!

Loads of MM buys, it's about to take off again :)

Cheers,
PM

mmmmm......thought about topping up but will keep what I have. Its looking good.

News may be imminent - Back to a pound soon...

Talk of the euroclear funds due this week. 100p would be nice for starters!!

MM's are piling in, it has to be some very good news coming :)

Count the M trades .... afew 50,000 and 100,000, I saw a 200,000 too !!!!

Cheers,
PM

Check out the great volume today, buys well ahead, plus a load of MM buys, I think we will see more MM buying tomorrow, they know this stock is undervalued, and they will be pushing the price up.

Cheers,
PM

Hi All,

MM trades today, and the 10,000 sell was to get the price to drop, before buying 200,000 four minutes later at 1p cheaper than the ask was at the time of the sell .... LOL !!!!

200,000
10,000
100,000
50,000
100,000
100,000
50,000
100,000
100,000

800,000 bought value approx 432,000
10,000 sold value approx 5,400

I reckon the MM's are going to push the price back up to 1+, so they get double money :)

Cheers,
PM

SCAP sat on the OFFER all day, must have large seller in wings...

on the plus side WINS have been very keen on the BID, sometimes 4p higher than KBC so must have BUY order to fill...

we also hear rumours that another institution has been buying on Friday and today so could see SCAP off the OFFER sooner rather than later...

then its liftoff...

Andy Hi,

Thanks for the L2 view :)

All adds to the positivity I think !

Cheers,
PM

What - no comment? Assuming you've seen the RNS.

SD Hi,

Just reading the RNS now :)

Funds released, but I am reading the small print :)

Price already hit 98% up, if all is OK, I will go for 1.50 close, could be more.

Cheers,
PM

RNS Number:8634Q
Langbar International Limited
06 September 2005


Langbar International Limited

Market Update
Release of South American assets


Langbar International Limited (formally known as Crown Corporation Limited), the
AIM listed investment company, is now trading under the symbol LGB.L on the
London Stock Exchange. Share price and dealing details can also be viewed under
the same symbol in various national newspapers.

South American Assets

After protracted and detailed negotiations, the Board and its legal advisers in
Brazil, have successfully negotiated an agreed and managed exit of our cash
deposits in South America. This is in order to provide the Company with ready
access to these funds to invest in the developing Langbar operations.

Confirmation has been received that the cash deposits acquired from Crown
Pharmaceuticals Limited (US$294m) have been successfully transferred to a
Langbar International head office account of ABN Amro BV in Holland, and has
been admitted to the Euroclear and DTCC platforms (with the corresponding ISIN
and CUSIP numbers). The interest rate on these deposits has been agreed at 3.5%
p.a..

The transfer of these deposits into Europe was conditional on certain
undertakings in respect of potential Brazilian tax liabilities, in the event
that any may arise. Accordingly, in the interim statement, to be issued later
this month, the Company shall prudently be providing the sum of US$25m in
respect of undetermined tax liabilities. Having taken specialist taxation
advice, your Board is confident that this amount will be more than sufficient to
cover any potential liabilities in this respect.

As to the balance of the Langbar funds on deposit in Brazil (c$370m), agreement
has been reached with our bankers in Brazil to invest the remaining funds in
significant real estate assets in Europe.

The result of our recent negotiations will result in Langbar International
having no remaining assets or deposits in South America.

Investment Activities - Real Estate Strategy

Whilst the property market in the UK remains buoyant, and Langbar may well
invest in the future in the UK, the Board believe increasing shareholder value
can be better achieved at the present time by investing in European projects,
mainly in Portugal and Spain, which we intend to pursue with experienced joint
venture partners. These will be held in a new Langbar subsidiary, the European
Property Investment Company ('EPIC') which has been formed to acquire these
identified assets. The Company is in the process of conducting due diligence and
shall provide further details for shareholders in due course.

Investment Activities - UK Small and Mid-Cap Companies

Langbar Capital Limited, the investment and advisory business, will concentrate
almost wholly in the UK small and mid-cap market and has a number of interesting
investment situations under consideration. They mainly relate to early stage
investment, pre-IPO and IPO funding and the acquisition of undervalued assets
and businesses. In line with the stated strategy, the Company will generally
have a close working relationship with target investments and be in a position
to influence their individual business strategies through corporate finance
advisory contracts or board representation.

Investment in Zander Group Limited

The Company has acquired 100,000 ordinary shares in Zander Group Limited at 135p
per share. Langbar Capital already holds options on 500,000 shares in Zander,
exercisable at 75p. Stuart Pearson, the Chief Executive of Langbar
International, is a non-executive director of Zander which is intending to seek
admission to AIM within twelve months, subject to market conditions.

Zander is involved in the regeneration of desert and arid land and the clean up
of contaminated land. Further details are available on www.zandercorporation.com
The Board regards the prospects for Zander to be exciting and this investment
represents good value.


Because of the number and quality of opportunities being presented to the
Company at the present time, it is unlikely that capital will be returned to
shareholders.


Stuart Pearson, Chief Executive, Langbar International commented:

"Moving our cash assets to Europe is a major step in the turnaround of the
Company. Whilst we have investigated a number of interesting opportunities in
South America, after discussions with our shareholders, we appreciate that they
would prefer to see the business develop primarily in Europe.

"I reiterate the Board's commitment to growing the value of your Company, and in
the reduction of the wide discrepancy between our share price and our net asset
value. Our task in rebuilding Langbar has not always been helped by the spread
of rumour and false information, often taken out of context, which has been
disseminated through the 'internet chat rooms'. We fully appreciate our
obligations to keep the Stock Market aware of significant events affecting
Langbar through a regulated information service. I would urge all our investors
to rely on these official releases from Langbar, rather than chat room gossip.

"Identifying and securing attractive investment opportunities, whether smallcap
businesses or property assets, will take time and your new management team are
fully committed to developing the investment strategy for the long term benefit
of shareholders.

"In only three months the Board has made significant progress, we have achieved
our first objective of releasing the funds and we have identified a number of
exciting opportunities, both large and small. I expect to be in a position to
make further announcements regarding potential investments shortly."

OK, I have read the RNS, and it seems my posts of the last moth and a bit, were correct, and that LGB would get the cash out of Brazil, and that the price would then reflect that .... watch the S.P later for that bit .... LOL !!!!

Cheers,
PM

Im sticking with them for longer term.

Wow.... 1.50 easily achievable today.

Hi All,

So we've hit 95p but with a NAV of 2.40 these will only go higher after the MM's have got the traders and short termers out, and the funds and institutions have piled in :))))

A realistic price, bearing in mind the large percentage of assets are now cash, these should trade at better than 20% discount to NAV, around 1.90+, and selling a lot lower than that, is like throwing money down the drain !

Holding out for the real money :)

Cheers,
PM

I totally agree with you Paul, they have far to go. I always said these should be three times the price. What do you think the price will be tomorrow lunch time? I think they'll almost certainly rise by 30-60% from here tomorow. I like the bit about internet chatrooms.. well it wasn't me or you Paul, still plenty of time to jump in on this if anyones held out til now. 1.80 - 2.00 by the end of the week.

Rob Hi,

Don't forget the cash is still earning 3.5% interest :)

$10m+ P.A income(on Euroclear cash only !), $76m still in Brazil, 51m of that to buy European assets with.

173m shares in issue, the $10m+ giving an EPS of 5.8p, making the stock worth more than 1.16 at an EPS of 20, without anthing else taken into consideration.

The MM's, the fund managers, and the institutions all know the value here, and they will be accumulating stock right now, and the price will reflect the value soon enough.

Cheers,
PM

MMs are indeed accumulating - look at the trades today, then see the price hike tomorrow.

This from the Company statement in July remember :
"I present to the meeting a Pro forma Balance Sheet and from this you will see
that our net assets are in excess of 350m. We have approximately 155 million
shares in issue, which equates to 225p per share.
Yes, 225p per share Cash!!
90p a true bargain that will not be around for long. see the statements at CCO (previous name of co.)

Rob Hi,

AYE !!!!

I try not to throw money down the drain :))))

Cheers,
PM