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% !!!!!

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

Paul,

Basically you mean until these funds are safe and sitting in Europe, the market is being careful due to not being 100% sure it'll happen?

I cant really decide whether to dump LGB and push the lot into a longterm punt on Aminex.... Desions desions.... :)

From advfn

i agree with you that SP has probably done the transaction regarding the property deal, im guessing they swopped assets that the bank held in Europe for cash just like gingermagician said!!!!!!!and at a discount favourable to LGB. If this is the news we get this will fly without doubt because more that half the money will be in profitable investments,e.g. casinos,resorts etc. and the other monies will be in the bank earning interest which can be used to pay operating expenses of the firm!!!!that last RNS was incredible work by SP, he must have done all the hard work now!!!!!he can now go and buy little companies for fun e.g.MOI, and Zander!!say these companies go up by say 200% is that actually going to be a real benefit to LGB!!!!lol no!!!what is a few million to a company with more than 650million dollars!!!!!
i love LGB, so does everyone!!!!!!
stay away t-traders!!!!!500p here we come!!!not exactly impossible in say 2-3 years time provided good discounted investments are made now!!!
keep it up SP, let the investments begin and RNS's release

Bugz Hi,

In a nutshell .... yes :)

You could still double your money here over the next 2 to 3 months, before moving to AEX, and AEX will still be around the same price in 2 to 3 months, as they are not drilling DPRK or Tanzania until next year :)

Cheers,
PM

Ok point taken..

Nah mate. Just I know Paul is in on Aminex (AEX). No reason to get all twitchy....

R33skyline Hi,

Bugz is correct, and I hardly think saying "AEX will still be around the same price in 2 to 3 months" could be described as a ramp, unless you think it's reverse psychology of course :)

Cheers,
PM

Looks like this is on the move, possible news this week? when are the results due?

results due towards the end of the month - i think the reason for the activity today is we are going to see an rns this week concerning some sort of purchase that LGB are going to make.

Er, we are falling along with EVERY bloody stock I have!!! Sell at 67, buy at 70. Comments anyone?

Crazy! after getting 1 per share Cash out of the Brazilian Bank, so no risk now on that part and agreement to get the rest out - again more than a pound per share, we are back at 70p. Its like paying 70p for a 2 coin this investment.

That's what the MMs like to see, robstuff, got it in one! lol!

Paul - can't you get this share written about by sending them the story - i know you're good at that sort of thing. This share needs to get noticed!

From iii

20:45 e mail from s/p and results date! papaduke
Ihave the likely results date, i e mailed him 2 days ago, he has replied late evening today with a circa results date!!,just wanted to say bye bye to all the shorters on the board, and as per pre last rise i shall be taking out several more substantial options on lgb after tuesday as i will then get june 2006 options with ig,i mat disclose date or may not, seems to be too mant doubters on here, we shall see, blue horseshoe loves langbar, how many times must i say this,tip,carchase,fx, give me your e mail and i will forward the magic date.