Updates

MWB Business Exchange - four more centres

October 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.

As we went to press last time, MWB Business Exchange announced it had signed four operating and management agreements (OMAs), taking its total estate to 58 centres, of which 19 are OMAs. These new centres, including two in London and one each in Newcastle and Manchester, will generate approximately £450,000 a year in management fees and profit share. The big advantage of OMAs is that the company won’t be on the hook for hefty capex requirements or the liability of taking on property leases. Although the shares remain becalmed, the forthcoming interim results should provide an upward jerk. Keep buying. ...

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Southern Cross - Divests freehold for Â£30m

Safestore

MWB Business Exchange (April 2008)

MWB Business Exchange (February 2008)

MWB Business Exchange - Prospective PE falls below 9 (December 2007)

MWB Business Exchange - High depreciation crimps profits (November 2007)

MWB Business Exchange - Upcoming interims could trigger bounce (September 2007)

MWB Business Exchange - Three more office leases acquired (August 2007)

MWB Business Exchange - Results smash forecasts (May 2007)

MWB Business Exchange - Serviced office provider enjoying surging occupancy and prices (January 2007)

MWB Business Exchange - Director buying pushes shares (December 2006)

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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