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% !!!!!

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

This drain will throw double back :))))

It's now on teletext, wait t'il it's in the Daily Mail tomorrow..

I must congratulate all the bulls on this share. You stuck by your arguments and were proven correct.
Well done.

K******

other site down so over here

Rob - where on teletext ?

meme

I can`t get onto ADVFN or iii now !

BBC 1 under L should be about page 228

BBC 1 under L should be about page 228

R33
ADVFN is currently off-line due to a power failure on-site.

or channel 4 page 513

BBC 1 page 227 4/6

me me

And i thought it was the 300 posts on ADVFN LGB today that caused it :-)