Crosby Asset. Share Discussion Threads

[theshareguru] 17/6/2011 17:53

yep what a price spoke to my broker thought the offer for T25 would be 4.5
came back to me 4.12 snapped his hand off as new buys are nearer to 4.5p
I think alot of people are looking at VIR when the price dropped here
I am now in for 130k, also hold VIR 200k and hwc 5k

[theshareguru] 17/6/2011 17:53

yep what a price spoke to my broker thought the offer for T25 would be 4.5
came back to me 4.12 snapped his hand off as new buys are nearer to 4.5p
I think alot of people are looking at VIR when the price dropped here
I am now in for 130k, also hold VIR 200k and hwc 5k

[littlemadam] 17/6/2011 16:53

theshreg .... Well done. I started at this price and then carried on buying 40k at a time.

[theshareguru] 17/6/2011 14:50

JUST PICKED UP 40K AT 4.12

[jojo_jo] 17/6/2011 12:43

Lack of news and clarification is costing us. I know there's only a few days to go, but being kept in the dark is very unfair on small shareholders when clearly other, major shareholders are fully informed. Abramovich Jr. is after all a shareholder just like me, but obviously knows exactly what is going on. I'm prepared to trust in their good judgement for a few more days, but hope this isn't a foretaste of a future where insiders and major shareholders are privvy to information we aren't. That will be unacceptable, and worthy of complaint to the FSA.

I guess Abramovich Jr. will become a director shortly (... be nice to see his dad on the board - that would be worth 10p/share on its own!) I can see this rocketing to an asset value of several hundred million fairly quickly, and subsequently moving to the main market, perhaps within a year. All very positive, with CSB only needing a nav of £15m to justify the current share price (which will multiply up in proportion to the peg potential of those assets). Compare this with the nav PMG needs to justify its £100m valuation - their first investment/asset purchase needs to be spectacular! I'd much rather be here with a reasonably undemanding market cap.

Other news will (obviously) be clarification of Viridas holding, any other embargoed investments and (imho) the funded purchases of some of Abramovich's and McKeon's assets.

All imho and a lot of educated guesswork here, so please dyor.

[jojo_jo] 15/6/2011 16:49

Only a few days to the AGM now, so should know where we're going very soon.

Surprised to see no clarification on the Viridas holding. I can't believe it's still embargoed now it is in the public domain. We don't know exactly how much they now hold of Viridas, so must assume it is the 9.7% advised by Viridas.

[dr jekyll] 13/6/2011 17:16

Thanks JoJo for your response. Am going to watch for a while as I will have to sell elsewhere to buy here.

[jojo_jo] 13/6/2011 12:28

Personally I don't think this will be a reversal requiring suspension, more likely a fully funded purchases (by CSB) of its major shareholders assets (per various earlier posts I have made). The asset values will more than offset the debt thereby created, with substantial leveraged increases in NAV on any increase in the value of such assets.

No guarantees of course - all imho so dyor.

[dr jekyll] 13/6/2011 11:21

Have been looking at this for a while now. Am also watching VIR which I picked up on from here and am currently invested in CHC which is currently suspended. I am interested in investing in VIR and CSB but am not wanting to have more shares suspended should that happen here or VIR. Any thoughts on whether CSB is likely to face suspension whilst deals go through?

Appreciate any comments from those of you on here who obviously know the company better than I.

[jojo_jo] 13/6/2011 10:05

Nice to see MMs are finally acknowledging VIR share price increase.

[littlemadam] 12/6/2011 20:35

I have been a fan of Bruce Rowen for some time, followed him into AYM, LEG and CSB. Not sure about where VIR is going but .... the man has a track record.

[jojo_jo] 12/6/2011 12:01

Patboy, I don't agree with your 'pump and dump' thesis. Rowan and Lee (the new leaders at VIR) have credentials on a par with McKeon and are clearly respected by him and Abramovich, hence the 9.7% stake.
Abramovich is an investor first and foremost and now effectively owns at least 2.5% of VIR, as does McKeon. I respect their (presumably informed) decision to buy into VIR, and was happy to follow their lead.
CSB's large stake in VIR means a good performance in the VIR share price is good for all of us at CSB, so don't knock it.

Courtesy richyrich on 09/06 we were all made aware of another golden opportunity to get in early on the conversion of a shell into a natural resource co. (much like what happened here and at Parkmead). As a result all of us here had the chance to get in to VIR around the .45p - .55p mark on Friday morning. I managed to buy some at .55p in the middle of the day, and may buy some more on Monday.

I can undestand anyone being annoyed with themselves for missing the start of the spike in VIR, but it's not over yet and like here (where after initially doubling in December to around 1p, we went on to 8-bag in January). Looks remarkably familiar at VIR, doesn't it?

There will be more of these reversals into cash (or dead-co.) shells, as resource experts follow the example set last year at Parkmead. We just need to watch out for them, and try and get in within the first day or three.

This is no ramp of VIR (I own 10 times as much Crosby as I do VIR), but just a summary of some pretty obvious observations.

A big thankyou to richyrich, who has proven the value of these boards in allerting fellow PIs to great opportunities.

Usual imho/dyor caveats.
Good luck t'all, Jo.

[patboy] 11/6/2011 18:23

Iam in csb not vir this from iii friday.


This is a classic pump and dump - this is no Abramovich connection - its like "Romans dog once pee'd on the spot my dog had a dump" .

Do you actually think any of the Abramovich clan would buy into such a messy company when they could easily cover thier tracks with a new clean international , multi-Jurisdiction one?

No chance.

The guys here used to sell baby clothes.

You've been 'ad chaps ,get out fast if you can.

Do your own homework.

(Disclamer. The comments above are my personal opionion only and do not consitute any financial or legal facts )

Regards


made me think; no ramp deramp on vir intended in heavy here csb.was going to hedge a bit ill stick here hope to get a good rise jump next week

[jojo_jo] 11/6/2011 11:49

It would be nice to see an RNS from CSB re VIR. I don't know why they didn't announce it at the time, but it appeared to have been embargoed (why?). It's in the public domain now, courtesy VIR, so a confirmation RNS from CSB is now a must - especially if they now own more than 9.7%.

It is material to earnings if, say, they own 15% of VIR (ie 63m shares) and those shares triple in value, providing an instant £0.5m profit, with more to come from the investments of VIR itself. So it looks like we could soon be on a starting P/E of 35 without doing a fat lot.
I'd be very happy to discover CSB now owned 20% or more of VIR.

Looking good for both cos. and glad to be in both fairly early.

There looks like there's an 'arb' trade here. The only one I can see is a double long: buy CSB on margin, and buy VIR actual.

[jojo_jo] 11/6/2011 01:00

CSB could well hold more than 9.7% now - after all they quietly acquired that stake 3 weeks ago! They could hold as much as 29.9% by now, although that much is unlikely. Wouldn't be surprised to discover they now have 15% or so.

[patboy] 10/6/2011 16:34

wonder if csb is topping up in vir

[jojo_jo] 10/6/2011 16:03

GS, yes like you I was keen to get in after seeing the news posted here last night. Had to sell another holding to do it, and could not get as many as I wanted (I wasn't willing to sell any CSB!)
No complaints. VIR up about 10% already since I bought, with a lot more likely next week.
A lot better than the broad market, which has tanked.

[erbullion] 10/6/2011 15:29

just bought 70000 4.53 took all day

[montyhedge] 10/6/2011 15:04

Ambrovich vehicle taking a stake in Viridas, first perhaps joint venture?
Viridas market cap what £2.5m Crosby £17m, so upside in Viridas?

[jojo_jo] 10/6/2011 14:09

Just being positive as any holder should be.

Note: I do add a lot of constructive research.

(When we spiked up to 8p most people expected it to jump to 10p, including me. It was a bit premature in retrospect, but I'm sure we'll get there -and beyond- soon enough).

The 5-bagger refers to VIR which could easily replicate what happened here after McKeown got involved.

[bingowing] 10/6/2011 13:52

JO, your ramping is incredible, were you not the same person who was saying this would hit '10p tomorrow' on the last bit of news?

a 5 bagger in the next two weeks in this market?

[jojo_jo] 10/6/2011 13:49

Just took a small stake in Viridas. Had to pay 0.55p, but can't see it falling back again (ever), and is complements my much larger investment in CSB. Must admit, in the short term Viridas looks like a 5-bagger and could hit 2p within the next week or two. This in turn will add to CSB's value.
Should have bought them this morning, but by the time I'd done the research it had got away.