Crosby Asset. Share Discussion Threads

[jojo_jo] 18/4/2011 15:29

I wish I'd bought some more last week. Guessed the MMs were collecting stock for some reason.
Anyway just emoved my limit sell order at 13.5p. This one's heading for 20p within a week or two. The name Abramovich opens up a lot of (former) USSR and eastern block doors.
This one could well end up being a pound or more in a year or so, so a potential 20 bagger at today's price.
Just need some asset purchase news in a week or two to capitalise on the current uptrend.

[filterwest] 18/4/2011 14:39

Let's hope so and GLA.

[sirata] 18/4/2011 14:33

This seems to be getting a lot of coverage today, just googling brings up loads
of people covering it, i like "The board will update its shareholders of progress
in due course "

[quraishim] 18/4/2011 13:45

Topped up but my buy is showing as sales...looks to me this has some legs like PMG did...when news filters this will be very high

[howdlep] 18/4/2011 13:44

Remember we went up to 8p on the original John Mckeon investment. Now with Abramovich Jnr on board and all their contacts, we can expect to see that 8p resistance to be taken out in due course.
Some very big deals are on the way.

[rivaldo] 18/4/2011 13:36

Citywire article - Abramovich is "to acquire natural resources assets around the world"....



"Roman Abramovich's son buys £3m stake in Crosby
by Michelle McGagh on Apr 18, 2011 at 09:44

The son of Roman Abramovich, the Russian owner of Chelsea Football Club, has purchased a 26% stake in Crosby Asset Management for around £3 million.

Arkadiy Abramovich, 20, will team up with other resources entrepreneurs and use Crosby as a vehicle to acquire natural resources assets around the world.

Abramovich took the stake following the selling down of assets by Irish resources entrepreneur John McKeon and investment banker Ilyas Khan who now control 25.5% and 18.2% respectively in order to create space for the Russian.

Some 5% of the firm is held by its current chairman Robert Owen. He said. 'The board of Crosby is pleased to welcome Arkadiy Abramovich as a new substantial shareholder in Crosby Asset Management. The company will continue to assess potential opportunities within its investing strategy, and the board continues to focus its activities in the natural resources sector, leveraging the experience and relationships of the board and the company's strategic investors. The board will update shareholders of its progress in due course.'

Though London-listed the firm is run out of Hong Kong and acquisitions are likely to focus around South and North America as well as Australia, historical areas where Khan has done deals.

Crosby AM became a separate operation from the larger Crosby Merchant Banking Group in 2010. Shares in the firm are currently trading around 5p. Abramovich's son's stake cost around £3 million."

[ronson333] 18/4/2011 12:21

FT ALAPHAVILLE:

NH
anyway
NH
here's another resource related story
Crosby Asset Management Inc (CSB:LSE): Last: 5.07, up 1.87 (+58.44%), High: 5.50, Low: , Volume: 7.59m
BE
Is there? What's that.
BE
Trouser presses?
NH
Crosby Asset Management Inc., the natural resources focused investment company, was notified on 15 April 2011 by ARA Capital Limited ("ARA"), a company beneficially owned by Mr Arkadiy Abramovich, that it has acquired 95,200,000 ordinary shares of US$0.01 ("Ordinary Shares") in Crosby and now holds 26% of the Company's issued share capital, as the Company's largest shareholder.

ARA's strategic investment is designed to further advance the process of identifying suitable acquisition opportunities for Crosby in order to allow the Company to fulfil its previously announced investing strategy of acquiring holdings in the natural resources sector.
NH
That's Roman's 20-year old son
BE
Ah. The one who was going to buy DNO.
NH
is he?
NH
really
BE
And Copenhagen FC, if I remember right.
NH
he fancies Kurdish oil?
BE
According to an interview he gave in January, I think.
NH
what a toy for a young man to have
NH
a shell company
BE
Better than a watch or a bottle of whisky, certainly.
NH
EmoticonEmoticon
BE
Though it goes without saying that this is a total punt into the dark.
NH
I wonder how much cash it has
NH
punters are going to love this one

[still waiting] 18/4/2011 11:29

IHUK the next cash shell/ reverse t/o opp., backed by assets as well.

[bingowing] 18/4/2011 11:18

'stale bull' hahaha sums me up on this one.

gl guys, im taking the kids out to get some icecream.

[moreforus] 18/4/2011 11:15

Stale bulls like bingo...

I hope it's a gas guzzler bingo !

[tomboyb] 18/4/2011 11:10

I'm not sure why the selling. The new investor has just bought in so give it a little time. Longer term i' sure with the current shareholders this will go up.

[quraishim] 18/4/2011 11:05

If it does PMG...u will buy a dozen cars...buyers are there and this is the start of something big in the offing....Khan knows what he is doing!!!Abramovich is no small fry...big fish around CSB....Big blocks bought early morning

[bingowing] 18/4/2011 10:57

got bored, need the money now buying a new car. dont wanna miss the chance to sellout now while i can. if this retraces i'll be gutted.

Gl all.

[rivaldo] 18/4/2011 10:54

Coverage is just starting to come through...



"Crosby soars on Abramovich investment

Shares in Crosby Asset Management rose 65% this morning after the news over the weekend that Arkadiy Abramovich, son of Chelsea owner Roman Abramovich, was taking a 26% stake through his investment vehicle ARA Capital Limited. The shares are up 2.05p to 5.28p.

Crosby is a shell company looking to buy up oil and gas assets. With Arkadiy on board, Crosby might now have the inside track on some interesting Russian opportunities."

[tomboyb] 18/4/2011 10:54

If you're day trading and you profit - gl but the bigger gains are always made medium-longer term.

[moreforus] 18/4/2011 10:53

What happened to 6p?

[bingowing] 18/4/2011 10:51

Im out! cheers fellas.

[andrbea] 18/4/2011 10:17

generally a poor market out there today
which is good for the top riser IMO
people usually shift their focus away from the main risers list (nothing happening) and buy into the no. 1 riser situation.

nia dyor

[quraishim] 18/4/2011 10:09

looks like...the big stake from Abramovich's 26% will create a big interest here...there is smell of a Russian deal in the offing

[waldof] 18/4/2011 10:04

EK V ABRAMOVICH ummmm

[napoleon111] 18/4/2011 09:55

Citywire



The Russian resources billionaire and Chelsea FC owner's son has purchased a 26% stake in investment vehicle Crosby Asset Management.

The 20-year old Arkadiy Abramovich will team up with other resources entrepreneurs to acquire natural resources assets around the world.

Abramovich took the stake following the selling down of assets by Irish resources entrepreneur John McKeon and investment banker Ilyas Khan who now control 25.5% and 18.2% respectively in order to create space for the Russian.

Some 5% of the firm is held by its current chairman Robert Owen. He said. 'The board of Crosby is pleased to welcome Arkadiy Abramovich as a new substantial shareholder in Crosby Asset Management. The company will continue to assess potential opportunities within its investing strategy, and the board continues to focus its activities in the natural resources sector, leveraging the experience and relationships of the board and the company's strategic investors. The board will update shareholders of its progress in due course.'

Though London-listed the firm is principally run out of Hong Kong and acquisitions are likely to focus around South and North America as well as Australia. These are the historical areas where Khan has done deals.

It became a separate operation from the larger Crosby Merchant Banking Group in 2010. Shares in the firm are currently trading around 5p. Abramovich's son's stake cost around £3 million

[filterwest] 18/4/2011 09:43

what price do you think this will go. Not many shares around?

[ronson333] 18/4/2011 09:30

how many shares available in free float (not including director shares)?

[waldof] 18/4/2011 09:21

PWhite73:Muppet.....and a big one at that.Bye....bye loser.