Updates

MWB Business Exchange - Prospective PE falls below 9

December 2007

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.

House broker KBC Peel Hunt finally released a short broker notefollowing MWB Business Exchangeâ€™s interim results. The key pointsincluded that its main markets of Londonâ€™s West End and the Citycontinue to be strong and it reckons that letting prices will risearound 8-9% this year, while it also notes the continuing de-risking ofits business model given the reduced dependence on single clients.Another positive was the strong cash generation in H1 of Â£7.1m, whichrepresents 75% of last yearâ€™s operating cash flow. In conclusion, the broker points outthat the prospective PE of 8.9 prices in a downturn, which is not inevidence and ignores such strong cash generation. This valuation isalso significantly ...

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Rok

Connaught - Shares rise more than 50p

MWB Business Exchange (April 2008)

MWB Business Exchange (February 2008)

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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