Primary Recommendation

MWB Business Exchange - Serviced office provider enjoying surging occupancy and prices

January 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.

We briefly touched on serviced office provider MWB Business Exchange (MBE) last month. Since then we have caught up with chief executive John Spencer in a meeting which, if anything, has only enhanced our positive view on the company. We think MBE is a business very much in the right place at the right time with its core London office market showing a significant increase in customer activity in line with the strengthening economy. Meanwhile, with the planning system notoriously tight, there is not enough new office space coming on stream to soak up this extra demand, with the consequence being a sharp up-trend in its profitability. This is borne out by KBC Peel Hunt’s forecasts for earnings to rise over 150% from 4.1p last year to ...

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MWB Business Exchange (April 2008)

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 - 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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