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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Mayborn - Portolio constituent has gained 146%

November 2003

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
Mayborn's interim results for the six months ended June, which we briefly touched on last time, showed a massive 132% leap in pretax profit to £2.92m, for earnings up 134% to 8.9p. Apart from a £0.6m gain from favourable exchange rates (strong Euro, weak Dollar) the rest was all organic, and came mainly from Mayborn's babycare products division, where operating profit nearly trebled from £0.9m to £2.6m. This has been driven by both lower costs, following the outsourcing of its manufacturing to China and top line growth from Sangenic, its patented nappy wrapper and Tommee Tippee, its leading brand of feeding equipment, soothers and monitors. The latter benefited from good performances by its Easiflow cup as w ...

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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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