Crosby Asset. Share Discussion Threads

[m1notaur] 27/5/2011 09:27

Rumours flying around the city left right and centre!

[m1notaur] 27/5/2011 09:26

Interesting find from the Moscow times on monday:

The Moscow Times
• Russia spent more than $80 million in 2010 to improve health care in
developing countries
• Promsvyazbank could hold an initial public offering in 2012 to raise more
than $718 million
• Norilsk Nickel president Andrei Klishas plans to resign from the mining
company to start a career as a lawmaker
• Deere gets EBRD loan for leasing
• Renaissance Group, an emerging-markets group of investment companies,
plans to make more investments in Africa
• MRSK Holding plans to list as much as 25% of its shares on the London
Stock Exchange
• RTL in share swap talks
• Russian billionaire Alexander Mamut to buy Waterstone's for £53 million

[2magpies] 26/5/2011 08:09

T34

LOL!

You buy at 8p, I buy at 1p -- it's irrelvant to each of us what the other paid, right?

So, I don't care what Mr. A paid.

(good to see you've stopped the pretentious, and inappropriate, spelling)

[t 34] 25/5/2011 21:49

2magpie

Why you would not worry about that?

You have picked up some Polish English from your tenants in your council flat with whom you share kitchen and bathroom.

[2magpies] 25/5/2011 20:29

T-34

I wouldn't worry about that.

He's only the junior one -- you know, the one that's not Polish?

(and he's going to university!)

[t 34] 25/5/2011 20:22

at what price was Abram buying each share?
3.15p?

[2magpies] 25/5/2011 08:43

RSI gettting close to oversold levels.

[patboy] 24/5/2011 16:44

T+ Buying Activity seems to be alot % for small vol daily trades

[jojo_jo] 24/5/2011 15:30

4.5% down on £12k worth of trades!
It could only happen on AIM.

[theshareguru] 24/5/2011 12:20

here we go again mms buying stock for takeoff

[tommygriff] 24/5/2011 11:34

he lives very close to me does IIyas. He saved accrington stanley from the brink. he turned up at court with a pocket full of cash and paid off there tax bill. He's abit of a legend!!

[jojo_jo] 24/5/2011 11:28

I think we can make the following reasonable assumptions...

Abramovich intends reversing (at least) some of his Zoltav assets here. These will be 'purchased' by us through funds provided by Renaissance.

McKeon and Khan were and remain aware of what these assets are, or the contents of his Swiss Zoltav portfolio, and are happy to take a 25.5% and 18.2% stake, respectively, in them.

I am happy to go along with their judgement in this respect, based on their experience and willingness to invest their much larger stakes.

[2magpies] 24/5/2011 09:51

T34

Yes, the junior one.

But note the name change, ok? I doubt if he would change the name to Zoltav if this was just nothing.

Anyhow, I look forward to your posts after the GM in Monte Carlo.

(PS: he is not Polish!)

[jojo_jo] 24/5/2011 09:49

Mr T.
The future share price will depend on the assets and investments we own, but based on holding, say, just £300m worth (at cost) which have appreciated 10% pa they will add over £60m to the nav over two years. Then adding the same again for peg and goodwill, we could see a market cap. around the £120m mark, or approx. 6x where we are now. However I can see much more than £300m worth of investments being made over the next year or two. If we have an average of £1bn invested over that time the mkt.cap would be nearer the £400m mark, which equates to a share price of around 100p.
So, at least a 'six-bagger' from here.

The very modest £5m or so the market has valued the involvement of Abramovich at is ludicrous in my opinion. This, after all, is a play on the names, and they don't get much better than these, for a natural resource vehicle.

All imho of course.

[2magpies] 24/5/2011 09:29

Of course it is a punt.

Abramovich -- he doesn't NEED to invest in CSB -- but he HAS!

Why?

Anyone buying here is betting that he hasn't done that just to pass the time -- especially since the name is being changed to that of his prime investing vehicles.

[jojo_jo] 24/5/2011 09:16

If course, to some degree, this is a punt - like any penny stock. However the involvement of the names we have here make this a relatively safe one. For me, yes it is a no-brainer.

[t 34] 24/5/2011 09:01

ok.where you see the share price in 2 years?

[jojo_jo] 24/5/2011 08:44

When I said 'hedge', I referred to the period between now and the purchase of the asset or the making of the investment. Whilst negotiations may be ongoing as we speak, behind the scenes, any final price will be determined by the market. Clearly after any purchase or investment, it will be subject to normal market movements. However the current downtrend in commodity prices is temporary and they are getting rarer, in a growing/advancing world population, so there is no longer term issue.
I too have faith in the judgement of our directors and major shareholders. They have a vested interest in making this work, and will make serious money leveraging selected assets. I'm in for the ride, which may be bumpy from time to time.
All imho etc per usual.

[t 34] 24/5/2011 08:20

OK I have been assured;so no brain punt.

[t 34] 24/5/2011 07:40

any target assets/investments are becaming cheaper because in the economic slowdown there will be no demand for this asset and company investing in comodoity can not be used as the hedge against a comodity collapse.

[jojo_jo] 24/5/2011 00:47

At least we can be sure they will be investing in companies/assets not directly affected by the UK economy which appears to be heading for the toilet.
Certainly feel more comfortable with this which has proved to be a safe haven today against the backdrop of a very negative broad market. Also, as someone has said, any target assets/investments are becoming cheaper by the day. This could almost be looked upon as a hedge against a commodity collapse.