Member Info for investor

RAF: Rumour a contract has been signed

LGB: I know this is probably a silly question however, shouldn’t langbar international be a public company rather than a private company?

LGB: Deano100...cut and paste the link to browser...

lgb: Hi Deano100...the link http://property-www.blogspot.com/2005_10_01_property-www_archive.html

lgb:Langbar set for huge property deal Yorkshire Post Today, UK - 4 hours ago LANGBAR INTERNATIONAL, the investment company, expects to seal a $200m property acquisition by the end of November. Hence the property deals.

LGB: This is the email i received from them this morning: not very optimistic. No date has been disclosed and no timetable for the verification to be concluded has been issued. I regret that I cannot say more. Regards Michael Padley

LGB: i firmly believe the Dutch money is safe and the asset under question in the Brazil one!! The advisers to RAF have discounted the BoB money from the Langbar when agreeing to the 78p offer. Ryback has been selling from a quid down to 50p maybe average around 75p. If you were a cash shell with 90p cash you would expect your share price to be around 75-80p The only reason we got to 50p was heavy selling, however reputable institutions we starting to pick up stock, which makes me believe they also know the dutch money is safe and the brazil money would be a nice extra!!

BRF: according to current SP and the capital the company has its undervalued...any opinions?

He understood that Mr Rybak, who held about 30 per cent of the equity after waiving a dividend of more than €23m (£15.8m) for his founders shares last year, was supporting the plans. But the fact that the company was in an offer period for Real Affinity compelled Mr Rybak to report his dealings in the company shares. This week he announced that, so far this month, he has sold 4.2m shares at prices between 55.19p and 64.38p, raising £2.45m. The announcement also revealed that his total stake has fallen to 19.69 per cent. Mr Rybak could not be contacted for comment this week. At the last annual meeting - held in Monaco in July - only one shareholder other than Mr Rybak was present. Presumably a few more will be asking questions at the emergency shareholder meeting that must be held soon to approve the increase in share capital for the Real Affinity deal.

lgb:certificates of deposit existed. The interim report and account shows that Langbar earned £30.9m in interest for the six months to June 30. Pre-tax profit was £18.2m after administrative expenses of £12.7m and earnings per share of 21p. The comparable figures for Crown for the whole of 2004 was profit of £146.5m following the sale of the construction contracts in Argentina. Earnings per share were 322p. In a few months, Mr Pearson has accomplished quite a lot. The company changed its named to Langbar International after acquiring Mr Pearson's advisory company for 2m shares. It changed nominated adviser from Nabarro Wells to Arden Partners. At the same time, it raised £4m through placings at 48p, bringing in UK institutional investors. Since then, both Merrill Lynch and Gartmore have bought stakes. About $290m has been moved from Banco do Brazil to ABN Amro in the Netherlands, pending an acquisition, probably in the financial services sector. The remaining $370m in Brazil has been earmarked for an asset swap into property in Spain and Portugal. Mr Pearson's plan is to spin off both the European acquisition and the property company, leaving his advisory company listed on Aim. A fortnight ago, Langbar agreed to acquire Real Affinity, an Aim-listed marketing services company, in an all-share deal valuing it at £2.6m. He understood that Mr Rybak, who held about 30 per cent of the equity after waiving a dividend of more than

in the region, which owned almost 60 per cent of Crown at the time. As Crown did not pay for the contracts originally, the sale generated a large profit. It was to use the funds for yet another change of direction - a move into oil and gas in Russia. That decision led to talks early this year with MOS International, a tiny Aim-listed consultancy to the oil industry, where Stuart Pearson was a non-executive director. Crown was founded by Mariusz Rybak, a Canadian businessman based in Monaco. He had watched the Crown share price fall to about 13p, or about one-tenth of the value of the cash in the company. He asked Mr Pearson to report on what he believed to be the reasons for the fall. Mr Pearson had spent more than 20 years as a corporate financier with Baker Tilly in northern England but had recently set up Langbar Capital, his own advisory and investment company. He was blunt about Crown's lack of attraction to investors - the promissory notes and certificates of deposit instead of cash, the lack of corporate governance, the offshore base, the Latin American contract deal, and the founders shares, which gave Mr Rybak rights to a large dividend. So Mr Rybak asked him to run it. He agreed on condition that he get a totally free hand and that Mr Rybak leave the board. Mr Pearson became chief executive in June only after exhaustive due diligence - including several visits to Brazil - which satisfied him that the cash from the promissory notes and the certif

LGB: Recent article on LGB: The jewel in Crown's cash shell is hard to find By David Blackwell Published: October 14 2005 03:00 | Last updated: October 14 2005 03:00 Psssssst! Wanna buy 224p for 50p? Take a look at Langbar International, the mother and father of Aim cash shells. The interim report and accounts, published last week, shows that the company has a net asset value of just over £360m, equivalent to 224p a share. Most of that is cash sitting in banks in the Netherlands and Brazil. The company supports a staff of just three people. However, you may be thanking your lucky stars to have missed this particular boat. On Wednesday, the shares were suspended at 50p at the request of the company, "pending independent verification of certain assets of the company". The news was the latest twist in the most astonishing tale of a cash shell I have ever come across. It goes a long way to explaining why the London Stock Exchange felt it necessary to tighten the rules for Aim's cash shells earlier this year. The story begins late in 2003, when Crown Corporation listed on Aim at 360p a share with plans to invest in North American companies. Instead, it exchanged multiple contracts with several companies for construction projects in Argentina with a total value of $633m (£361m) on completion. In June last year, it sold the portfolio of utility and construction contracts for $350m to Lambert Financial Investment, its partner in

LGB: correction: sell at 49...i guess this will be all revealed soon.

LGB: Hi all, i just saw a big sell at 48.50...what is going on!!!!!!!!!!!!!!!!!!!!

PRE: any thoughts on this company?

ISD: HI GedW, how are you? just had a look at the fundamental's...net assets of the company stands at £9.96m and the market cap is £0.81m with just over 8m shares in issue...underpriced maybe?

WHOG: any ideas to why the share price increased significantly? thanks

LGB: THE PRICE IS GOING UP...63P

Hi GedW: over 60% of the issued shares are in funds and 11% held by management thats over 70% combined....i am going to double my holdings.

EVS: has been rising significantly in the last couple of days...does anyone know why? could it be their accounts due to be released?