12/08/2005
Investment banking and asset management concern Crosby Capital Partners has expanded first-half revenues fivefold to £30m. This growth helped Cayman Islands-domiciled Crosby, which is run out of London and Hong Kong, turn a £1m loss into a £26m pre-tax profit in the six months to June. The AIM-quoted group, whose interests include oil and gas concerns, now has £139m under management in its recently-established 'wealth management division'. Chairman Robert Owen highlights the acquisition through warrants of a potential key stake in Japanese trading, textile and food group IB Daiwa, along with a majority of seats on Daiwa's board. Crosby shares have risen 80% to 53.75p since Growth Company Investor pointed out their speculative potential in March. Hold on.
| Market cap: | £127 million |
| PE Forecast: | n/a |
| Share price: | 53.75p |
| AIM | £3.9m |
1.60p
|
0.09p
|
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| Other company articles: |
| 10/08/2006 |
| 20/03/2006 |
| 16/03/2006 |
| 14/02/2006 |
| 09/09/2005 |
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