Updates

MWB Group - shares soar after overhang clears

October 2009

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.

Shares in TMI portfolio constituent MWB have come spectacularly to life, celebrating the removal of a longstanding overhang by rising to a new high of 68p. The catalyst has been the arrival of new shareholder Pyrrho Investment Ltd, a Hong Kong property investment company, which has taken a 14% stake. Its attention was probably drawn to MWB's creditable interim results for the six months to 30 June, with the highlight being a lower than expected fall in its net asset value from 174p to 150p per share. The group produced revenues virtually unchanged at Â£135.7m, with EBITDA rising 10% to Â£16.6m. Pretax loss narrowed from Â£5.4m to Â£5.1m. While net debt has crept up from Â£357m to Â£366m, this remains within its overall facility. < ...

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MWB Group - Possible sale of Liberty (June 2010)

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MWB Group (February 2010)

MWB (December 2009)

MWB Group - Property group hugely under-valued on several counts (July 2009)

MWB Group - Property group trading at huge 74% discount to NAV (June 2009)

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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