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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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MWB Business Exchange - Results smash forecasts

May 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.

  • Epic Code:
  • MBE
  • Price:
  • 177.5p
Final results from flexible serviced office space provider MWB Business Exchange not only beat last year’s forecasts but also this year’s and was the reason the shares spiked back up to their previous high of 200p. For the year ended 31 December, pretax profit almost tripled from £2.7m to £7.8m on turnover that grew 18% to £79.4m, propelled by a surge in operating margins from 7.3% to 9.1%. Earnings rose 173% to 11.2p, helped by a zero tax charge, while the firm ended the period with net cash of £1.2m. The fact that a large part of MWB’s portfolio of business centres are based in London, where both the economy and commercial rents are rising, goes a long way to explaining the firm’s ...

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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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