Updates

MWB Group - Possible sale of Liberty

June 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.

Although MWB produced a headline loss of Â£15.4m last year, the key measure of net asset value (NAV) per share only fell from 174p to 144p. However, adjusting for the Â£27.5m rescue placing in January and the post year-end Â£41.5m sale and leaseback of its flagship Liberty store in Regent Street, NAV fell to 84p per share. Nevertheless, the vast majority of the Â£69m raised from these transactions will be used to shore up the balance sheet by reducing net debt, which at the year-end stood at Â£363m.AIM-listed Liberty (68% shareholding) has also received two bid approaches, the highest being a 186p per share (worth Â£42m) offer, with any prospective sale proceeds likely to be used to further pay down MWB's debt. The la ...

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Lok'n Store - Shares spike to over Â£1

Greene King

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

MWB Group (February 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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