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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Hi All,
Joined you guys yesterday after looking at their latest RNS. Its a shame I did not get on board a bit earlier even though I have had it on my watch list for the last few months when it was around 70-75p, too busy with the oil sector ( cant complained as I have made some good profit). Regardless, I think the fundamentals are great for this company. I am holding for long-term.

GF: Surprised to hear you have so much in cash. Myself am expecting a 99 style Xmas boom, particularly in CSB and if so, I'll try some swing trading and sell, hoping to buy back in the January sales. Elsewhere my bottom fishing seems to be paying off, from heavyweights like ELA to lightweights like PMK and CMX; but even without a new peak, CSB is up there with the leaders and I'm grateful for your original post which drew it to my attention.
sd.

In recent days, CSB has been lagging behind the rest of the Japanese economy where today the banks were particularly strong. If it doesn't pick up soon, will have to consider taking profits.
sd.

So the lates RNS would be good then? ;-)
Hope you stayed in Squidd.
Alan

would have expected a better rise in the sp--has anyone noticed Alan??

Think it must be our little secret.
Bugger. Could do with a few noticing it though to get the sp moving again.
Alan

I came out of these to invest in BPRG - so I am happy that they are languishing for now - and hopefully for another couple of weeks - so that I can get back in later at these prices.

Luckily I also came out of ASOS - which got hit by the oil fire - they are just not having any luck at all

Baza

what another great annoucemnet....CSB will hoit 100p by the end of the month. ib daiwa stock comes out on thge 15th and should propel higher.
rgds
PT

Decided I couldn't sell CSB at these prices, so still have my boots full, but the've been overtaken by ELA in the scramble up hill, probably temporarily though. With the Japanese banks continuing to rise, surely CSB is going to deliver some Xmas cheer. very soon.
sd.

ib daiwa stock comes in on the 15th of this month. this is 100% realised capital and profit. i fancy a big figure in CSB very shortly.

I'm glad CSB is showing faint signs of life this morning, I was beginning to fear an early periodic dip.

Prop, what do you mean IB Daiwa comming in?

Hey what news are we talking obout have I missed something?. Anyone have the link?.

cheers GF.

My sharescope has suddenly begun to list CSB as a full member of the LSE, rather than as an AIM share. Can someone confirm its status.
I note also that CSB recently lost out to Antofagasta in its bid for the Tethyan copper mine, which may explain why it's lagging behind the Nikkie.

1 in 2006?

easily. CSB has a respected following and i think now that the Lodore issue is out the way, IB Daiwa is the one to watch...that is where the CSB price could kick into high triple figures...it is a complex play but if you take the time to look into it as i have done there is enourmous upside.

how goes it Tallsiii?

Got to be a Quid plus ................ and more please.

cheers Gf.

GF...i have to tell you that i truely owe you one stonkingly large beer....because of this thread i own lodore (or did), IB Daiwa and of course CSB. I do take thinks further than most and meet the management of these companies but the initial nod was from yourself...i had previously known CSB when they backed the CEO of Novus to take over Novus and it was a revelation to see them listed on AIM. cheers old bean!

on the march again today. i thing we should see triple figures by the end of the month.

rgds
PT

That would be good. Would like to see them bag another deal like IB Daiwa! That would definately get them going.