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% !!!!!

SWW Hi,

Thanks :)

Lots more to come yet :)

Cheers,
PM

Paul, what do you make of the price falling in opening trades?, it couldn't have been reported in papers so the retail investors don't know about it. IC may run an article. Disappointing.

Rob

Wouldn't be surprised if it was a bit of a shake, quite small volumes for the size of the mark down. There will be many investors who have bought at around 50p and the first sign of a pull back will convince them to lock in profits.

I'm gobsmacked. The sp should be over double the current price.

Patience... all will come good, let things settle down first!
Am sure by next RNS things will be a different matter!

the Evil one has gone long on this - by 50k.....(wish i could do the same.....)

Now I call that an endorsement.

He can count.

belisce

How do you know that please .

on another BB it states that it is on www.t1ps.com
- will check myself in a moment.

(am relatively knew to it....but i can see where a lot of people on this bulletin board might get their initial info from - in regards to the stocks that they select, that no-one else seems to know about)

Thanks belisce6

if its on t1ps.com thats official ... ;-)

belisce/R33skyline Hi,

Does EK have a target price ?

Cheers,
PM

R33, is your thread down on advfn ?

paul; no.....just said that it was worth a flutter, given that they are expecting to get their cash from Brazil etcetc....

as you guys have mentioned before; the discounted NAV of the total cash amount is somewhere about the 2 mark......
and effectively the current sp - which has just recently doubled mind you - is only reflectant of the cash that they have their hands on (Eurofund)......

so i would expect that many are holding out until the Brazilian cash is actually spent on the thing that they have indicated.....

(but as with everything ; SEO....HHO....CHP....BLR....you name it !!! - the earlier one is in in regards to sp, the higher the gain once the company comes thru....if it does)

Belisce6 Hi,

Thanks :)

I don't have any worries with this one, as I have stated from 'the beginning', and proof that there is nothing to be concerned about, is that LGB have received half the cash in Euroclear, and reached agreement on spending the rest(apart from 25m for possible tax liability), buying European assets from Brazillian holders(banks, trusts, etc), thus satisfying the Brazillian government that the cash is staying in Brazil(Clients holding assets in Europe, don't count as much as clients keeping cash within Brazil)

Cheers,
PM

Not the most informative press I've ever seen ....

http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=403500&in_page_id=23

Langbar International, the old Crown Corporation, jumped 35p to 88p. The Aim-listed investment company has successfully negotiated an agreed and managed exit of its cash deposits in South America.



http://www.money.telegraph.co.uk/money/main.jhtml?xml=/money/2005/09/07/cxmktrep07.xml&menuId=242&sSheet=/money/2005/09/07/ixfrontmarkets.html

Aim-listed investment company Langbar International soared 35 to 88p after transferring $294m (159m) into its European account from South America.

Maybe they should return some of the cash to shareholders.

Paul, not sure that they have to be owned by Brazilians.

Xetra closed -1.60%

Dont not much about the same stock trading on different exchanges, how can a company be valued at 8% less on one exchange to another, 8% of market cap is a huge difference ?

Anyone have any idea why the sp is not pushing 1 + ?

Will we have to wait for another RNS for it to move upwards?

Phil Hi,

I think we will have to wait for the rest of the cash to be swapped for assets, as they managed to get $295m in cash, that means the SP is somewhat reflecting the NAV of that cash, but for it to reflect the entire value including cash still in Brazil, that money must be held in Europe. The market has decided that, not me :)

Cheers,
PM