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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Im in with a very small investment. Couldnt resist this one being so dirt cheap.

Many thanks for that guys, looks like the MMs are holding this one back compared to yesterday.

cheers GF.

With your experience GOLDFINGER do yo think this will come down after yesterdays surge or do you think its just a waiting game before the next tick up.

I think its going to move up in the near future. Please remember a lot will have bought todays newspapers but wont be in a position to act on the press announcements until tomorrow. Having said that Im a little puzzled why it hasnt risen higher today, unless of course the MMs are distributing a sell order into the market, but thats just speculation at this moment.

cheers GF. PS, I think that P/E figure is now higher aswell (depends which method they have used everybody seems to use differing methods these days, it should be the fully diluted figure after tax and not before tax like a lot use) but its still derd cheap. If investors are going to buy I would buy today, but then again if you are lucky you might get it cheaper tomorrow but I doubt it.

cheers GF.

WELL A VERY SMALL CHUNK OF 3000 SHARES JUST PURCHESD AT 49.25,COULD NOT HOLD MY SELF AS I THOUGHT YOU NEVER KNOW WHAT MIGHT HAPPEN IN THE AFTERNOON ,UP OR DOWN OH WELL DECIDED TO JOIN THE LOT OF YOU.GOOD LUCK.

Goldfinger,,what do you mean when you say the MM's are distributing a sell order in to the market ?? JB

Anyone know when that broker note will be issued?

Jimmy they COULD have a big seller say for example a million shares and all the buys that are coming in are mopping up the sellers stock untill it is cleared, sometimes called an overhang of stock. This is just speculation on my behalf but I find it strange when looking at the buy list that the buys to sells are way higher, and yesterday this one flew on much lower volumes. Mind the whole market seems a bit docile today. Time will tell. The trend for sure is upwards.

cheers GF.

Thanks for that GF..JB

Moved up and going through at 50p offer now, are we in for a late run?.

cheers Gf.

Yes its ticked up, going for a late run.

cheers GF.

Im in now GF just bought ,had to pay 50.5 ..JB

Welcome aboard Jimmy.

cheers GF.

In at 49 today. Not my best timing, but that will be history soon.

Cheers, Madison

Welcome aboard Madison.

cheers GF.

Am glad I started reading this thread a few weeks ago.

Me too. I hope we get another positive day tomorrow.

cheers GF.

Dont forget it IS DERD CHEAP, trades on EPS of 8p per share therefore on a mid price of 49.7p we are talking about an historic/rolling P/E of only 6.2

Goodness knows how low the prospective P/E is. Any one have the figure from the house Broker?????????????????????????????????. Should be a lot more to come especially with promises from the management that deals will be concluded this financial year.

cheers GF PS, hope your looking in JOE.

I have managed to get hold of a copy of the durlacher note. It is in pdf format so it will have to emailed, so if you would like to have it then please give me your email.

Not a good start,,i sent you my email tallsiii ,i would like to see the Durlacher note,,thanks ..JB..