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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PT. Do you know if Canisp CN have any connection? Rgds TW

i don't belive any association at all. have a look at the other companies, all makes interesting reading...

I have CSB as the only high flier which is actually up slightly, in a bad week. Speaks well of this share's strength - so far.

indeed. a much bigger picture than just CSB...

Im thinking of buying a few of these after kicking myself for missing the movement! What does everybody think of the SP movement of late

All the high fliers are taking a battering as investors lock in their remaining profits and possibly the anniversary of the 1987 crash is helping to influence them. CSB is probably as good a recovery stock as any after the market has bottomed; we just have to gauge when is the right time.

Just received a huge dividend from CSB. Meanwhile have decided to invest proceeds from AEX sale in CSB as they seem to be in opposing phases.

how much was the divi? i need to speak to my broker...

CSB have paid 0.05 $ per share to holders registered on 28th September. I think that comes to around 4% at todays sp.

Yes, I was staggered by the size of my divi too! I make it about 3.77% on yesterday's sp.

Cheers, Madison

cheers guys!

i owe someone a drink...my spread bet firm missed the divi and have just credited me 2.7p. that is a very tidy sum and i thank this thread!!!!

rgds
PT

Pint of Stella mate LOL.

Nice to see this one recovering again PT.

cheers GF.

on its way...

GF, good to see you back on the thread...your post has sparked some nice sized investments from me in this stock, LRS, Techpacific in HK and even a small interest in IB Daiwa in Japan!

returns have been very repectable and in my view with this group in the imortal words of Al Jolson.."you aint see nothing yet"

Rgds
PT

Nice one PT.

cheers GF.

Nice to see this one blazing a trail again. I hope all holders kept patient.

cheers Gf.

Well done you guys for holding - I am ashamed to say I baled out a while ago to invest in GED - damn I say - and thrice I say Damn.

Baza

Anyone any thoughts on an end game for this stock? I can't make my mind up on a target price for the life of me. 1 would be nice though!!
Alan

this will play for a while...summer 2006 should be interesting because techpacific can start to touch down on their 85% holding but i think this will be handled well. at the moment techpacific is at a huge disc to CSB and CSB is a big disc to its own assets.

I think at present p/e (4) and a 4% yield these could easily fly to about double where they are now. their japanese trade was GENIUS and created a paper profit which they can exercise at any time of 100 million in 6 months. this is REAL money, DYOR, i did and that is why i am continuing to hold. All their data is publically verifiable and they have some of the best most respected management in the business. BUY or HOLD. i certainly am.

rgds
PT

hewittalan6: I entirely agree with proptrade and have taken advantage of the recent dip to top up in CSB. This share seems to rise, then take a breather on roughly a 2 month cycle and if history repeats itself it will get to around 110p some time in December. If this happens I will be taking profits in the hope of buying back in soon afterwards.