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Mayborn - Another to receive a bid approach

May 2006

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.

The shares soared near to their all-time high after Mayborn disclosed with its final results that it had received a bid approach. The timing is useful as by Mayborn’s high standards, the results were only par this time. Although turnover increased 30% to £87.2m, the like-for-like element was just 12%, while pretax profit grew 14% to £10.1m. Earnings were 11% ahead at 33.1p, a tad below forecasts. Mayborn’s babycare and children’s products division continued to do well, with sales increasing 43% to £67.3m and operating profit rising 35% to £10m, helped by a first-time contribution from Tube Plastics (TP), the supplier of children’s outdoor play equipment. This performance was driven ...

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Burren - Take part profits following reserves downgrade

Inspace - Needs new contract wins

Mayborn - Takeover triggers gain of 564% (July 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 - Good start to 2004 (June 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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Mayborn - Another to receive a bid approach

May 2006

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