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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Mayborn - Good start to 2004

June 2004

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.

  • Epic Code:
  • MBY
After a bout of profit taking, shares in Mayborn are returning towards all time highs helped by a positive AGM statement.  This noted that pretax profit in the first half of 2004 will be substantially in excess of 2003's £2.9m, although the year as a whole will be more first half weighted.   Once again, the principal driver of this strong performance is the babycare division, while Impex, its recent acquisition in the household products side, has made a good start.   Gain since original recommendation in April 2003 is 245%.  Part profitshould have been taken by now.  Hold the remainder. ...

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Related Articles

Mayborn - Takeover triggers gain of 564% (July 2006)
Mayborn - Another to receive a bid approach (May 2006)
Mayborn - TP acquisition suffers slow down (November 2005)
Mayborn - Solid AGM statement (June 2005)
Mayborn - Gains approaching five-fold (April 2005)
Mayborn - Gain to date: 247% (October 2004)
Mayborn - Gain so far: 276% (April 2004)
Mayborn - Portolio constituent has gained 146% (November 2003)
Mayborn - Earnings to grow 40% by 2004 (April 2003)

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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