Updates

MWB Group

February 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 has raised nearly Â£25m net of expenses via a placing of 91.66m new shares at 30p in order to strengthen the balance sheet, with Â£7.5m earmarked to buy back loan stock for cancellation and Â£4m to repay an inter-group loan from MWB Business Exchange. Although this placing will increase the number of shares in issue by 127%, management believe that without it there would be a serious risk of breaching borrowing covenants in the medium term, particularly if property values fall again. Meanwhile its bank facilities should now be renewed on more favourable terms.Encouragingly, directors and connected persons have shown their commitment by personally subscribing for Â£5.4m of new shares and with more of an owners eye, they ...

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Chemring - Aquisitions driving share price higher

Big Yellow - Net debt falls by £35m

MWB Group - Possible sale of Liberty (June 2010)

MWB Group - Cheered by Liberty bid approach (April 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.

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