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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Mayborn - TP acquisition suffers slow down

November 2005

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
  • Price:
  • 425p
Shares in Mayborn raced to a new high of 497p, making for a six-and-a-half-fold gain since our original recommendation back in April 2003. This is fully justified by its latest set of interim results for the six months ended 30 June. Thanks to a first time contribution of £7.9m sales and a £1m profit from the acquisition of Tube Plastics (TP), group sales rose 35% to £43m, with pretax profit increasing 24% to £5.2m, while earnings were up 35% to 17p.Mayborn again benefited from a strong performance in its largest division, babycare and children’s products, which grew revenues by 47% to £33.8m and operating profit by 46% to £5.4m. Excluding TP, which makes high quality children’s outd ...

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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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