Updates

MWB

December 2009

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.

In the period 1 July to 5 November MWB Group reported trading in line with expectations. Net debt and shareholders funds was virtually unchanged from 30 June and were Â£366m and Â£109m respectively. During July and August demand at its hotel businesses, Malmaison and Hotel Du Vin, were similar to the first half but since September there has been an improvement in room rates and customer spend on food and beverages. Occupancy averaged 79% for the first nine months compared with 80% in the same period last year. Encouragingly, last year's four new openings have further established themselves in their respective markets. Elsewhere in the group enquiry levels at MWB Business Exchange in Q3 remain encouraging although conditions ...

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Marks & Spencer - Beats forecast; CEO more upbeat

Marstons

MWB Group - Possible sale of Liberty (June 2010)

MWB Group - Cheered by Liberty bid approach (April 2010)

MWB Group (February 2010)

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

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