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    Langbar (Crown) hat erfolgreich Geld nach Europa transferiert; Kursziel 2,00 € - 500 Beiträge pro Seite

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      schrieb am 06.09.05 09:41:02
      Beitrag Nr. 1 ()
      Langbar (Crown) hat erfolgreich Geld nach Europa transferiert; Kursziel 2,00 €

      WKN: A0F68E
      http://www.langbar.com



      Regulatory Announcement

      Go to market news section

      Company Langbar International Limited
      TIDM LGB
      Headline Market Update; Funds Released
      Released 07:00 06-Sep-05
      Number 8634Q



      RNS Number:8634Q
      Langbar International Limited
      06 September 2005


      Langbar International Limited

      Market Update
      Release of South American assets


      Langbar International Limited (formally known as Crown Corporation Limited), the
      AIM listed investment company, is now trading under the symbol LGB.L on the
      London Stock Exchange. Share price and dealing details can also be viewed under
      the same symbol in various national newspapers.

      South American Assets

      After protracted and detailed negotiations, the Board and its legal advisers in
      Brazil, have successfully negotiated an agreed and managed exit of our cash
      deposits in South America. This is in order to provide the Company with ready
      access to these funds to invest in the developing Langbar operations.

      Confirmation has been received that the cash deposits acquired from Crown
      Pharmaceuticals Limited (US$294m) have been successfully transferred to a
      Langbar International head office account of ABN Amro BV in Holland, and has
      been admitted to the Euroclear and DTCC platforms (with the corresponding ISIN
      and CUSIP numbers). The interest rate on these deposits has been agreed at 3.5%
      p.a..

      The transfer of these deposits into Europe was conditional on certain
      undertakings in respect of potential Brazilian tax liabilities, in the event
      that any may arise. Accordingly, in the interim statement, to be issued later
      this month, the Company shall prudently be providing the sum of US$25m in
      respect of undetermined tax liabilities. Having taken specialist taxation
      advice, your Board is confident that this amount will be more than sufficient to
      cover any potential liabilities in this respect.

      As to the balance of the Langbar funds on deposit in Brazil (c$370m), agreement
      has been reached with our bankers in Brazil to invest the remaining funds in
      significant real estate assets in Europe.

      The result of our recent negotiations will result in Langbar International
      having no remaining assets or deposits in South America.

      Investment Activities - Real Estate Strategy

      Whilst the property market in the UK remains buoyant, and Langbar may well
      invest in the future in the UK, the Board believe increasing shareholder value
      can be better achieved at the present time by investing in European projects,
      mainly in Portugal and Spain, which we intend to pursue with experienced joint
      venture partners. These will be held in a new Langbar subsidiary, the European
      Property Investment Company (`EPIC`) which has been formed to acquire these
      identified assets. The Company is in the process of conducting due diligence and
      shall provide further details for shareholders in due course.

      Investment Activities - UK Small and Mid-Cap Companies

      Langbar Capital Limited, the investment and advisory business, will concentrate
      almost wholly in the UK small and mid-cap market and has a number of interesting
      investment situations under consideration. They mainly relate to early stage
      investment, pre-IPO and IPO funding and the acquisition of undervalued assets
      and businesses. In line with the stated strategy, the Company will generally
      have a close working relationship with target investments and be in a position
      to influence their individual business strategies through corporate finance
      advisory contracts or board representation.

      Investment in Zander Group Limited

      The Company has acquired 100,000 ordinary shares in Zander Group Limited at 135p
      per share. Langbar Capital already holds options on 500,000 shares in Zander,
      exercisable at 75p. Stuart Pearson, the Chief Executive of Langbar
      International, is a non-executive director of Zander which is intending to seek
      admission to AIM within twelve months, subject to market conditions.

      Zander is involved in the regeneration of desert and arid land and the clean up
      of contaminated land. Further details are available on www.zandercorporation.com
      The Board regards the prospects for Zander to be exciting and this investment
      represents good value.


      Because of the number and quality of opportunities being presented to the
      Company at the present time, it is unlikely that capital will be returned to
      shareholders.


      Stuart Pearson, Chief Executive, Langbar International commented:

      "Moving our cash assets to Europe is a major step in the turnaround of the
      Company. Whilst we have investigated a number of interesting opportunities in
      South America, after discussions with our shareholders, we appreciate that they
      would prefer to see the business develop primarily in Europe.

      "I reiterate the Board`s commitment to growing the value of your Company, and in
      the reduction of the wide discrepancy between our share price and our net asset
      value. Our task in rebuilding Langbar has not always been helped by the spread
      of rumour and false information, often taken out of context, which has been
      disseminated through the `internet chat rooms`. We fully appreciate our
      obligations to keep the Stock Market aware of significant events affecting
      Langbar through a regulated information service. I would urge all our investors
      to rely on these official releases from Langbar, rather than chat room gossip.

      "Identifying and securing attractive investment opportunities, whether smallcap
      businesses or property assets, will take time and your new management team are
      fully committed to developing the investment strategy for the long term benefit
      of shareholders.

      "In only three months the Board has made significant progress, we have achieved
      our first objective of releasing the funds and we have identified a number of
      exciting opportunities, both large and small. I expect to be in a position to
      make further announcements regarding potential investments shortly."


      6th September 2005
      For further information, please contact:

      Crown Corporation Limited Tel: 00 44 (0) 113 284 3838
      Stuart Pearson, Chief Executive

      Arden Partners Limited Tel: 00 44 (0) 20 7398 1632
      Richard Day

      Bankside Consultants Tel: 00 44 (0) 20 7367 8888
      Michael Padley / Susan Scott


      This information is provided by RNS
      The company news service from the London Stock Exchange
      END




      London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

      ©2005 London Stock Exchange plc. All rights reserved
      Avatar
      schrieb am 06.09.05 09:46:18
      Beitrag Nr. 2 ()
      [posting]17.795.175 von Kuhlake am 06.09.05 09:41:02[/posting]2 Euro:cry:
      Laut testierten Geschäftszahlen Wert 3,50 Euro:D
      Dahin sollte sich die Aktie schließlich bewegen.
      Avatar
      schrieb am 06.09.05 09:53:19
      Beitrag Nr. 3 ()
      [posting]17.795.254 von IrishTycoon am 06.09.05 09:46:18[/posting]Denke auch, dass wir dieses Ziel bis Ende des Jahres haben sollten.
      Avatar
      schrieb am 06.09.05 10:13:59
      Beitrag Nr. 4 ()
      :D
      Avatar
      schrieb am 06.09.05 11:11:35
      Beitrag Nr. 5 ()
      :D:D

      Trading Spotlight

      Anzeige
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      0,4500EUR +9,76 %
      Die bessere Technologie im Pennystock-Kleid?!mehr zur Aktie »
      Avatar
      schrieb am 06.09.05 11:15:13
      Beitrag Nr. 6 ()
      :D:D:D
      Avatar
      schrieb am 06.09.05 11:25:36
      Beitrag Nr. 7 ()
      :D:D:D:D
      Avatar
      schrieb am 06.09.05 12:51:56
      Beitrag Nr. 8 ()
      laut Chart an der Heimatbörse in London haben sich da wohl vorher noch ein paar Insider eingedeckt

      Volumen
      2.09 2,2 Mio
      5.09 4,7 Mio
      heute 10 Mio

      die Tage davor verhältnismäßig wenig Umsätze
      ich geh da nicht rein Rückschlagspotential enorm
      Avatar
      schrieb am 06.09.05 13:00:47
      Beitrag Nr. 9 ()
      [posting]17.797.591 von niumpica am 06.09.05 12:51:56[/posting]wennst moanst :cool:
      Avatar
      schrieb am 06.09.05 13:03:26
      Beitrag Nr. 10 ()
      [posting]17.797.591 von niumpica am 06.09.05 12:51:56[/posting]du hast unsere smile-parade kaputt gemacht!!! :cry::mad::cry:
      Avatar
      schrieb am 06.09.05 13:07:45
      Beitrag Nr. 11 ()
      [posting]17.797.705 von alpine110 am 06.09.05 13:03:26[/posting]dann machen wir halt ne neue :laugh:
      Avatar
      schrieb am 06.09.05 13:08:54
      Beitrag Nr. 12 ()
      :D
      Avatar
      schrieb am 06.09.05 13:27:50
      Beitrag Nr. 13 ()
      :D:D
      Avatar
      schrieb am 06.09.05 13:35:57
      Beitrag Nr. 14 ()
      Ich gehe nach dem heutigen Kursanstieg von über 50 Prozent auch von einem erhöhten Verkaufsdruck in den nächsten Tagen aus!

      Es würde mich daher nicht verwundern, wenn wir in ein bis zwei Wochen wieder Kurse von unter einem Euro sehen würden.

      Daher dürfte jeder gut beraten sein, der seine Gewinne mitnimmt. Denn der Spruch gilt immer noch " Gier frißt Hirn"

      Euch allen noch ein schöner Tag.
      Avatar
      schrieb am 06.09.05 13:43:56
      Beitrag Nr. 15 ()
      :cry:


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      Langbar (Crown) hat erfolgreich Geld nach Europa transferiert; Kursziel 2,00 €