Updates

MWB Business Exchange

April 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Final results from flexible office space provider MWB Business Exchange have amazingly beaten even recently upgraded expectations with pretax profit rising 74% to £13.2m on revenue which rose 22% to £100m. Eps increased 72% to 18.9p, which compares favourably to forecasts a year ago of 10.5p, albeit helped by an abnormally low and un-repeatable tax rate through utilising past losses.MWB's success was driven by an increase in average occupancy from 78% to 90% and with price rises also being pushed through revenue per available workstation advanced 23% to £8,345. Growth also came through adding new locations in Central Manchester and Newcastle as well as five centres in London, including Basinghall Street, Baker St ...

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Domino's Pizza - Now has more than 500 stores

Connaught - Â£455m in new contract wins

MWB Business Exchange (February 2008)

MWB Business Exchange - Prospective PE falls below 9 (December 2007)

MWB Business Exchange - High depreciation crimps profits (November 2007)

MWB Business Exchange - four more centres (October 2007)

MWB Business Exchange - Upcoming interims could trigger bounce (September 2007)

MWB Business Exchange - Three more office leases acquired (August 2007)

MWB Business Exchange - Results smash forecasts (May 2007)

MWB Business Exchange - Serviced office provider enjoying surging occupancy and prices (January 2007)

MWB Business Exchange - Director buying pushes shares (December 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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