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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Crosby Asset. | CSB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.25 | 4.25 |
| Top Posts |
|---|
Posted at 21/6/2011 11:41 by jojo_jo Resolution vote counting only it seems from share price action today (I'm assuming some of the big investors and their brokers are in attendance). We really need some clarity and proper news dissemination. They haven't even issued an RNS for the Viridas transaction, which I thought was a given. Their silence and apparent lack of deal-making is beginning to test the patience of shareholders. We should not be back at 4p on AGM day. Disappointing. |
Posted at 10/6/2011 11:25 by jojo_jo Viridas (much like CSB) is morphing into a natural resource focused company, following effective reversal/acquisition by Rowan & Lee... Mr Lee, aged 48, is currently Head of Corporate at Novus Capital Markets Limited, an investment banking group with a particular focus on the renewable energy and natural resources sectors. He is also currently Chairman of AIM quoted Charles Street Capital plc and was previously a Non-Executive Director at Paragon Diamonds plc, also listed on AIM. Current Positions Charles Street Capital plc ACL Capital Limited Gardener Holdings (Kent) Limited ---------- Mr. Ronald Bruce Rowan, Executive Chairman Tiger Resource Finance Plc. This is an Investment Fund focused on the Resource Sector. The company is listed on AIM. Its mission is to invest in natural resource companies globally, capitalising on early entry level in mineral projects, and adding technical and management expertise where necessary. The company intends to be a unique player in the Mineral Resource Sector, offering investors the opportunity to invest in several well-managed and well-researched Mineral Resource projects. Chairman and Chief Executive Officer Starvest plc (African Platinum (AP) has been Starvest's wonder investment) (Numerous investments in portfolio including 18 per cent stake in Aim-listed Bulgarian and Turkish gold explorer Kefi Minerals). Someone who really knows how to spot a bargain in the resources sector, Platinum, Oil, Gold, Coal, etc. |
Posted at 23/5/2011 10:24 by tasciovanus The four major shareholders (including Ambramovich,McKeon and Khan) hold almost 75% of the 375 million shares; leaving just 102 million (25%) for other investors. Interestingly by comparison Parkmead Group has 609 million shares of which 58% are held by the major shareholders, with 260 million (42%) available for other investors. Watchers will have seen PMG rise and fall, but still maintain a healthy share price on speculation rather than substantial news. At 17.75 they have a market capitalisation of £108 million. CSB is now rising at 5.75 it has a market capitalisation of nearly £19 million. With positive news shortly the pointers are that this could rise rapidly. |
Posted at 21/5/2011 18:50 by patboy China's stocks present a great wall that has to be overcomeBy David Stevenson Published: May 20 2011 18:09 | Last updated: May 20 2011 18:09 China is a tough market to invest in. Behind all the hype about a land of opportunity sits an awkward reality: nasty surprises tend to happen too often! So, while I hope Anthony Bolton's China fund will prove a great success, I can't help but feel the omens aren't good. My pessimistic assessment is inspired in part by developments at the London-listed Chinese small-cap fund, Vision Opportunity China (VOC). EDITOR'S CHOICE Adventurous Investor: More columns from David Stevenson - Oct-28 Over the years, I've frequently written about the danger of investing directly in Chinese stocks. I may be adventurous but, to me, the best option is to use funds focused on the only genuinely capitalist part of the economy: private enterprises run by mainland entrepreneurs. VOC seemed to fit this bill. It runs a thorough due diligence process even using private detectives to talk to the customers of Chinese companies that it is thinking of backing. It focuses on a handful of fast-growing companies with corporate governance close to western standards. This diligence and focus was rewarded with a share price that briefly cruised past $2.50, and investors including Mr Bolton and Baillie Gifford. More important, VOC avoided the worst of the "reverse merger" scandal in the US. This involved mainland Chinese companies reversing into "shell" companies listed in New York, rather than going through the regulatory process of obtaining a new listing. Bloomberg Businessweek magazine has recounted many of the resulting debacles most of which saw the companies' shares collapse and the US Securities and Exchange Commission suspend their trading. VOC's major holdings have avoided this scandal... until now. One of its investments, a regional diesel and biofuels company called CBH, is facing some tough questions. Are its biodiesel factories genuinely operating at stated capacity? Why did its western auditors suddenly resign? What happened to the chief financial officer? As a result, CBH has had its shares suspended from trading on Nasdaq. VOC sold most of its holding in CBH but the impact on its net asset value has been substantial in the region of 40c per share. Its share price has fallen further: it crashed back to a trading range of between 75c and 80c. What went wrong? VOC's due diligence process seemed robust, and the growth story seemed compelling. However, no amount of due diligence and forensic analysis of accounts can save you from an apparent high-growth stock that crashes back to earth. Stock markets have been full of apparent growth stocks since the dawn of time many of which draw investors into the so-called "growth-stock trap". What happens is that company managers try desperately hard to live up to the growth expectations, and the biggest temptation is to start exaggerating the numbers. By contrast, value-orientated investors such as Warren Buffett look for "moats of competitive advantage". However, these are very hard to find. So VOC is now in something of a quandary. Its core portfolio of remaining stocks seems to be thriving but there's no knowing which Chinese stock will be the next target for short selling. Funds that have a lot of cash might be able to wait and pick up some bargains among the reverse-merger Chinese companies. But this is now a sector where only the very brave would dare to tread. More to the point, the integrity of much of the listed Chinese small-cap sector has been called into question. If relatively transparent US-listed companies are having problems, goodness knows what challenges face Chinese-listed companies, subject to laxer regulation. VOC could decide to soldier on, stick to its core portfolio of companies and wait for sentiment to turn. But even that poses a problem. Focused portfolios of fast-growing companies in emerging markets can deliver strong returns to adventurous investors for example, Aurora Russia is making slow but steady progress with a small clutch of businesses. However, Aurora's approach is based on private-equity investing in unlisted companies under its direct control. VOC still has to work with local managers running their own companies but with foreign and other shareholders. Maybe the best way to invest in emerging market small caps is to go down the private-equity route. Or maybe the best approach is the one recommended to me by a Beijing fund manager: "Never trust the local managers. Always keep a signed copy of the CEO and CFO's resignation letter in your drawer... just don't date it. You never know when it'll come in handy". Good luck Mr Bolton. |
Posted at 19/5/2011 09:07 by jojo_jo They make it clear they have sufficient cash for both working capital and their investment strategy..."In January and February 2011, the Company raised gross funds GBP2.25 million, in support of its new strategy, from institutional and professional investors. The Board believes that these funds have provided CAM with sufficient resources to meet its working capital requirements and pursue the investment strategy." They obviously intend making fully financed acquisitions and investments and appear to have some in the bag already. Lots of good things in prospect for Monte Carlo (if I make enough money on CSB this year I may be able to afford to go next! LOL). |
Posted at 18/5/2011 16:06 by 2magpies Joint broker. The old one is still there.Change of name does not flag a placing, does it? Anyhow, investors recently subscribed at 4p. And I doubt if Mr.A will want his holding to be diluted (i.e. he may subscribe enough to stay at 26% -- or may increase? |
Posted at 18/5/2011 11:23 by patboy from iii board dplHow can an 'average PI' become seriously rich in any one stock? Let's face it, the odds are so stacked against us that it almost never happens. Think about it. Average earnings in the UK is circa £27k. Now let's suppose Mr. Average is mad enough to invest one third of his annual earnings in a single stock pick. That's £9k. And no 'sensible' IFA would ever advise this. So, let's assume that 'seriously rich' for the average man on the street equates to the magic £1m. That's the 'dream' amount touted by our most popular quiz show. Heck no, let's make it half that, just to illustrate how difficult it would be for the average PI to hit £500k. How on earth is Mr.Average expected to achieve that sort of profit with his £9k? That would require a return in the magnitude of 5500% How could that possibly be achieved in one stock? It happens though. Paladin Energy, Cairn Energy, Extract Minerals, Lion Mines, Azure Energy, Fortescue Metals Group, Dragon Oil ... even Excite has managed it from its lows. But it's very very rare. So the first challenge for Mr.Average is picking 'the next (insert one of the above)'. That will likely require picking an explorer who has not yet stumbled on a large discovery. For Mr. Average to pick an explorer BEFORE they strike big ... well, it's luck. For Mr.Average to invest one third of his annual earnings in an explorer before they strike big ... well, it's stupidity bordering on madness. But say Mr.Average manages to do this and buys 100,000 GKP shares at 9p with his £9k just before they strike in Kurdistan. So far, so bleedin' lucky. The share price hits £1, but he's still a long way from his £500k return. And bizarrely, though the single biggest obstacle to him achieving his target has been removed (the initial oil strike), the odds of him holding out for his £5 probably get longer. Why? Well, it was fine to commit one third of his annual earning to one stock. But now Mr.Average sees that he has 4 years of salary invested in GKP. This naturally and unsurprisingly changes his mindset. Think of all the things he could sensibly do with that money. A profit is a profit after all. He can simply press the sell button and emerge a winner. The temptation is huge and there is nothing wrong in that. Good luck to all the Mr.Averages who can secure ten times their investment. In fact, the allure of cashing in is likely to be so great, that Mr.Average will give little thought or diligence to the radically improved fundamentals of the company he has invested in. His head is telling him it's the same company that sat at 9p exploring for oil. What if it goes back to 9p?! The desire to book the profit sitting in his account will likely be far greater than his desire to re-evaluate the company its prospects. But let's say Mr.Average manages to resist the temptation to sell and decided to hold out for his £5. And let's imagine he is an avid reader of these boards. On a minute by minute basis, he will be bombarded with conflicting messages to buy, hold, sell and countless, often unsubstantiated reasons to do so. The stock (GKP) will become a victim of its success as all manner of traders and investors are suddenly drawn to it. Pretty soon, it might all get a bit too much for Mr.Average. He might not be able to separate fact from fiction. He probably preferred the BB at 9p when there were three posts a day and little movement in the share price He might decide that enough is enough and decide to bail. But let's imagine he is made of sterner stuff and can tolerate the incessant ramping, deramping and rumour mongering. He still has to contend with stock volatility. Now, when he only had £9k in play, a 10% swing might have made him feel a little peeved, but no more than that. But now that he has over £100k in play, well ... a 10% drop could feel like his whole world has imploded. One drop like this might be enough for Mr.Average to stop his loss, sell up and go play golf. The giddiness and stress (never mind the sleepless nights) brought on by the volatility can become all consuming. And it can go on for many months ... years even. How is Mr.Average on his £27k a year supposed to cope? He hasn't had any training for this. And yet, one has to assume that certain Mr.Averages that invested in Fortescue, Cairn, Paladin, etc. managed to hold on and achieve life-changing rewards. Perhaps they just put their shares in a drawer and forgot to check them for 4 -5 years. Or perhaps they really did stay strong through every up, down, shake, rattle and roll. If so, they deserve every penny they've earned. |
Posted at 11/5/2011 14:52 by jojo_jo He won't have to micro-manage his holdings, and is probably moving them here exactly so he doesn't have to! He's here because of the track record and integrity of his main partner-investors/maYou can bet the 'game is afoot' behind the scenes, and they will have some great news for investors over the next 6 weeks. MMs are stocking up now for a very profitable June. Some who bought on T+ or margin will be selling as it drifts down, as you would expect, but everything is getting mopped up. |
Posted at 26/3/2011 15:15 by bingowing 'The board of Crosby (the "Board") today announces that, following further demand from professional investors, the Company, on 10 February 2011, raised £750,000, before expenses, by way of a subscription for 18,750,000 new ordinary shares of US$0.01 each in the share capital of the Company (the "Subscription", the "Subscription Shares") at a price of 4 pence per share (the "Subscription Price"), to four separate professional investors. The Subscription Price represents a discount of 20 per cent. to the closing mid market share price on 10 February 2011.The Board is pleased to confirm that it is actively pursuing the Company's investment strategy and that the proceeds of the Subscription will be applied to this objective.' Just let them get on with it.... |
Posted at 26/3/2011 10:38 by pwhite73 waldof - 25 Mar'11 - 17:16 - 1376 of 1377"Indeed they will be burning cash.........but it's reasurring to know it's their mates cash not ours!" You muppet its not their mates cash its yours. Since the recent placings have you read any holdings announcements from the so called "professional investors"? No of course not because the professional investors are the bucket shops that have passed on the placing shares onto you. |
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