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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Remember derd cheap a P/E of only just 6. Wont take long before the market catches on.

cheers GF.

After reading your first post, hesitated because of Killicks part in flogging the dotcom boom, but was persuaded by the staggering growth of CSB and climbed aboard with 20K in time for the T/O of the Japanese bank. Proving to be an interesting ride, and hoping for another roller coaster.
Thanks for the tip.
sd.

Cheers squidd, its dropped a penny this morning gives others the chance to get in very cheapily.

cheers GF.

Buyers coming into the market.

cheers GF.

Moved up nicely since I have been on lunch. Remember trading on a rolling P/E of 6 derd cheap and we are also promissed a lot more news flow from the management. Best to get in at these low levels.

cheers GF.

Finished up nicely. I see an awfull lot more to come here.

cheers GF.

I keep harping on about this one, but please read the thread, it could make you wealthy.

cheers GF.

GF: Your post 35 with CSB down 1p was well timed for me. I had drawn a blank searching for their website, but in the process google turned up much interesting newsflow from the Pacific region, which left me with the feeling that we might have here a tiger on the prowl. So I doubled my holding to 40k and enjoyed a rise of around 7% on the day.
A comfortable cushion on which to sleep, until the New Forest owls across the river wake me; I think they are also watching the market.
sd.

Looks ready to tick up.

cheers GF.

Lodore is up 5% today

Nice little tick up already.

cheers GF.

Very little trading though, don't know what's causing it.

And its ticked up further.

cheers GF.

Lodore up 6% today. Probably the cause of CSB buying.

Looking Good.

Tallsiii

looking GREAT

There's some mileage left in this one yet

Up 11% and cant find any news, NICE.

cheers GF.

The only news is that CSB have a hugh chunck of LRS shares which are up by quite a lot over the last couple of days. If I had been more confident that the market would have followed, then i'd probably have topped up myself.

Now up over 12%.

cheers GF.

Have just been talking to my broker about this one. The market makers are putting the current strength down to LRS. Technically it is an interesting one because the sellers that gave resistence at 40p have now all dried up. The was bit more selling it first got up to 45p, but now they have gone away. It will be interesting to see what happens next!!!