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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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

Hi Mickey,

hope your still making good money.

cheers GF.

Excellent. First dividend to be paid. (Goes ex on 28/9)

Cheers, Madison

stunning stock.

Back in the blue again aswell today. NICE.

cheers Gf.

GF, this is a quid stock all over.i am no ramper but have studied this and associated companies and have drawn that conclusion from extensive research.

long term hold now AND has a great yield!

Thatl do me prop.

cheers Gf.

me too. watch the techpacific (HK listed) and IB Daiwa (Japan listing) prices. All intertwined with eachother on a shareholding and management basis. more to all this than meets the eye in a very good way...

PT. Another connection is CVS Corvus Capital.

cheers tonewood, they were but CVS are now out...they turfed their stock in techpacific and lodore (and i believe CSB) over the last few months (on RNS).

the problem with CVS is there will alway be a huge discount because everyone is wary that they may acquire someone like...HSBC/Barclays or potentially bid for every High St bank! they play 5 divisions above their station and the city knows it...i truely don't believe they can deliver after being associated with failed Co-op bids and the courting of LGEN.

the thing is that if they bought a quality small name and built on that over a few years they would garner alot more respect.

saying that their Tech/Lodore/Crosby was a great investment.

rgds
PT

PT. Thanks for the info on CVS. Regards Twood.

PT. Do you know if Canisp CN have any connection? Rgds TW

i don't belive any association at all. have a look at the other companies, all makes interesting reading...

I have CSB as the only high flier which is actually up slightly, in a bad week. Speaks well of this share's strength - so far.

indeed. a much bigger picture than just CSB...

Im thinking of buying a few of these after kicking myself for missing the movement! What does everybody think of the SP movement of late

All the high fliers are taking a battering as investors lock in their remaining profits and possibly the anniversary of the 1987 crash is helping to influence them. CSB is probably as good a recovery stock as any after the market has bottomed; we just have to gauge when is the right time.

Just received a huge dividend from CSB. Meanwhile have decided to invest proceeds from AEX sale in CSB as they seem to be in opposing phases.