Crosby Capital Partners - PE of 3 and so undervalued.

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Williemanjaro - Wed, 21 Dec 05 :

Guardian market report-

On Aim, Crosby Capital Partners, the mini-investment bank focused on Asia, eased 1.5p to 83p despite talk of a positive update from Japan's IB Daiwa. Crosby owns a large stake in Daiwa, which in turn recently acquired a firm called Lodore Resources. Lodore has been drilling for gas in the Gulf of Mexico and traders reckon an upbeat drilling report is on the cards. If so, Daiwa shares can be expected to fly, given that it is one of the few natural resources shares listed on the Jasdaq stock market.


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