Updates

MWB Group - Cheered by Liberty bid approach

April 2010

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.

MWB's 68% owned subsidiary, Liberty, 308p, has announced the sale and leaseback of its flagship Regent Street store for Â£41.5m. The sale price, which is well above its previous valuation of Â£30.25m last December, reflects an initial yield of 4.8%. Sale proceeds will pay down bank debt and other liabilities including loans from MWB.Separately, Liberty has also received a number of bid approaches, eight months after appointing advisors to conduct a strategic review. The potential sale of Liberty would inject much needed cash into MWB, allowing it to further pay down debt. Await developments. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Telecom Plus

Informa - Gains now exceed 150%

MWB Group - Possible sale of Liberty (June 2010)

MWB Group (February 2010)

MWB (December 2009)

MWB Group - shares soar after overhang clears (October 2009)

MWB Group - Property group hugely under-valued on several counts (July 2009)

MWB Group - Property group trading at huge 74% discount to NAV (June 2009)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X