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MWB Business Exchange - Forecasts lifted again

February 2008

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:
  • MBE
  • Price:
  • 115p
MWB Business Exchange (MBE; 115p), the operator of flexible serviced office accommodation, is on a sizzling growth path. Since the business was de-listed from its parent company, Marylebone Warwick Balfour (MWB; 166p), a real estate conglomerate, in November 2005, the company has done everything investors could have expected from it and earnings have consistently been revised upwards. In FY06, the company made £7.8m pretax profit, some 45% ahead of the analysts’ forecast at the time of the IPO. Again at the time of the IPO, the forecast for FY07 was £7.3m but analysts are now forecasting that results will come in 70% higher at £11.4m (due to be announced in March). It hasn't always been plain sailing. MBE ...

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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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