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

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!

215 million

This share is on an extremely low p/e ratio, a massive discount discount to its peers and the trend is your friend with the graph. Buy now for a low risk but potentially very profitable investment.

I'm expecting a bit of profit taking this week but am waiting to add some soon.

Buyers seem to be returning - and some well over the offer...

Cheers, Madison

i love this stock because it is SO DAMN HOT and nobody really talks about it!

good recovery again today, I think these will run through 100p in a week or so..

Hope so pt. Bought in last last week (bad timing as usual!), but I do like the way the SP moves on relatively small volume.

pt(h)

its one of those names that have tripled in price (almost) under the radar and now people are starting to talk about it...

I was looking at them when 60p, but missed the breakout. Strikes me that they are one of those companies like CFN that attract little attraction but continue to rise in a nice steady fashion.

pth

Wouldn't be surprised to see another tick up today pt. Last buy was at a premium. Soon be back to where I started at this rate!

pth

continues to rise, albeit with low volume. i truely see a 100p in the offing...

Are these really worth this much ?

LOL

what's your view then?

LOL

moneyman, nothing to add?

Can't say I care if they are or not, as long as the SP continues to rise!!

:-))

pth

Well its nice to see this one on my return just shy of a 2 bagger for me. Still think its very cheap and certainly sticking with it.

Actually forgotten why I bought it, (may be jet lag) but itll do me.

cheers GF.

Hey goldfinger - good to see you back! Hope your Australian experience was a good one.

Cheers, Madison

Cheers cobber.

GF.

GF

Where's my stick of rock.

MS