Simon Fry, Crosby's CEO, added: "Today's revisions to IB Daiwa's financial forecasts reflect delays rather than any reduction in either the value or potential of the asset base. Crosby's CEOのSimon Fryは、次のように述べています。 今日のアイビーダイワの財政予測の見直しは、 価値とか資産基準よりも(予定の)遅延を反映したものです。
Regulatory Announcement Go to market news section
TIDM CSB Headline Announcement Re IB Daiwa Released 09:46 29-Sep-06 Number 6912J
RNS Number:6912J Crosby Capital Partners Inc 29 September 2006
CROSBY CAPITAL PARTNERS
London, 29 September 2006 - Crosby Capital Partners Inc. ("Crosby") notes the revised financial forecasts announced today by IB Daiwa Corporation ("IB Daiwa"
shares (24.02%) of the issued share capital of JASDAQ listed IB Daiwa. The holdings have remained unchanged from the 2006 Interim Report of Crosby and are designated as 'financial assets at fair value through profit or loss' and are, therefore, marked to market with gains and losses being recognised in the income statement.
reserve base and a diversified portfolio of attractive oil and gas exploration prospects. Much remains to be done to exploit the full potential of Darcy and Lodore, and, I am confident that, with the continued support of Crosby, the experienced and skilled management team in the IB Daiwa Group is more than capable of extracting the value inherent in these businesses."
Simon Fry, Crosby's CEO, added: "Today's revisions to IB Daiwa's financial forecasts reflect delays rather than any reduction in either the value or potential of the asset base. In fact, there has been a substantial improvement in IB Daiwa's asset base since the original financial forecasts were made. Crosby remains committed to assisting IB Daiwa in the continued transformation of its business, and in the development and exploitation of its reserves and its portfolio of exploration prospects."
A summary of the Jasdaq announcement can be found below. The complete version is available on IB Daiwa's website: www.ibdaiwa.co.jp.