10/08/2006
Simon Fry's volatile investment group Crosby Capital Partners has lifted interim pre-tax profits 40 per cent to £35 million.
Ex-Nomura star Fry is chief executive of AIM-quoted Crosby, whose restructured resources investment IB Daiwa has been active on the exploration and corporate fronts, particularly through its wholly-owned Lodore subsidiary. Cayman Islands-based Crosby's merchant banking and asset management divisions have been similarly active and Fry suggests the second half year should bring more deals for Lodore and the group's corporate finance arm.
Recommended by Growth Company Investor a year ago at 50.75p, Crosby shares reached 97.5p in March, but have since lost ground. They are up 1.75p today at 72.75p and could rally further if attractive deals materialise.
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