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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Alan

Me too. I think I'll be in CSB for the foreseeable future, though tempted to take profits if the next step up produces a sizeable new peak - say 120p. I believe results are due in a couple of weeks.

It another one of those where I got in at silly money, yonks ago, for me. Means that I am never going to be in a loss situation, I like the way the company operates and It'll take quite something to shake me out. Mainly cos I'm a tight little bugger who hates to pay broker fees!!!
Alan

Alan: I'm with squaregain who charge only 12.50, though there are additional sums for duty etc on repurchase. The chart suggests to me that riding the peaks should be profitable and I'm tempted to try that soon.
GF: Thanks again for the original call last year. It's been a wonderful ride with celebrations along the way on our side.

squidd - that's 25% more than I pay in broker fees ;-o
Haven't paid more than a tenner per trade for the past few years.
Etrade, Jarvis, iDealing all charge under 10
Etrade are even running a promotion in which 'new customers only' pay 4.95 per trade till June this year.

How many trades is that juzzle at 4.95, it looks very cheap.

cheers GF.

hi guys, very decent company, just wonder if it is still the right time to get in, or it is now too high. Any suggestion is welcome, thanks.
sw

Too low.

cheers GF. Check the P/E.

Juzzle: Thanks for the info on dealing costs. I tend to trade in sizeable sums, often 7K +, which means dealing cost is negligible in relation to profit or losses, and I want a professional service. Last week I put through a couple of big deals that meant working the orders throughout the day, and on both occasions, they rang me two or three times during the day to update me on progress; so I don't think they made any profit there. My only gripe with squaregain is the dated look of the trading site and the tiny icons and print, which is hard on my ageing eyesight.
Are you in a position to compare.

thanks gf, waiting for the right price to buy, it is always an exciting moment to buy shares.
swseun

No probs GF.

Given the Rns just out, does anyone fancy putting it in English for me and telling me what it means to the bottom line?
It looks good but this is less of a company and more of a series of Russian Dolls!!!
Alan

As far as CSB is concerned - no change? still be in safe hands (Goldman Sachs), but only goes to show the significance of Ladore (LRS) in all this, so maybe time to buy into or add if already hold?

squidd - I think most proper traders would agree with you, you need a proper broker to provide proper service, and would pay for the service involved. Still worth having a dirt cheap online e/o account alongside it for certain mundane deals (or longer term ones) on which it turns out that the proper broker is offering no big enough advantage worth paying extra for.

GF - can't remember Etrade conditions on that "4.95 till June" offer, but website www.etrade.co.uk currently has a flash panel on front page featuring the deal.

ib daiwa is the one to watch overnight....

Crosby Capital Partners Inc
15 March 2006


Crosby Capital Partners Inc. ('Crosby' or the 'Company')

Expression of Interest for Potential Acquisition of Stake in Livedoor

Crosby notes current media coverage by Bloomberg and confirms that the Company
has sent an expression of interest to buy the 12.7 percent stake in Livedoor Co.
held by Fuji Television Network Inc to that company.

Livedoor Company Limited is a Japanese internet company currently listed on the
Mothers market section of the Tokyo Stock Exchange, whose founder Takafumi Horie
has been charged with fraud. Livedoor is scheduled to be de-listed from 14 April
2006.

Further announcements will be made as and when considered appropriate and
necessary regarding the potential acquisition of the stake in Livedoor. Crosby
has only made an expression of interest at this stage and therefore the
potential acquisition may or may not proceed.

Crosby continues to examine a number of investment and acquisition opportunities
which it believes will add value to shareholders.

Simon Fry, Chief Executive Officer of Crosby, commented: 'The stake in Livedoor
represents an attractive potential acquisition opportunity for Crosby which is
in line with the Firm's business strategy and Crosby's continued commitment to
Japan. At this point Crosby has only submitted a strong expression of interest
to Fuji Television, and, once we have completed our discussions and associated
due diligence, this offer may or may not result in a transaction. We will inform
the market promptly if events move on in any substantial manner.'

Could be good news on the way then.

CHEERS gf.

not sure if i like this news too much...

proptrade, your comments are always valued, why the doubt?

livedoor is a hot potato right now. they may be rummaging through the carcass which is a good thing plus they have considerable experience with companies in the japanese stock market version of the sin bin which is known as kanri post.

My doubts are that they may be percieved as biting off more that they can chew or worse still tarnishing themselves with a swiss cheese company.

saying all that, crosby has been excellent in creating shareholder value the last 2 years so could be another stroke of genius.

i withhold judgement is anything is executed...

rgds
PT