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Mavinwood - Support service story unfolding

August 2006

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:
  • MVW
  • Price:
  • 13p
Mavinwood's (MVW; 13p - spread 12.5p-13.5p) transformation from a cash shell into a support services business has yet to catch investors’ imagination. Chief executive Kevin Mahoney, previously a sales and marketing director at British Gas Services, teamed up with Mike Vincent, ex-finance director of property-to-chemicals concern Ascot, when bidding for drain cleaning business DynoRod back in 2004. When their bid failed, they subsequently established Mavinwood with early financial backing coming from sugar daddy Lord Ashcroft of ADT fame (also embroiled in the loans-for-peerages controversy), who still holds a 58% stake. The duo have moved quickly to conclude four acquisitions, each of which comes with a strong record of rising pr ...

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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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