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Urbium - Old Mutual forecast 30% eps growth

May 2002

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:
  • URM
Following a two year wait since first announcing its intention, Chorion will divest itself of its Bar Nightclubs business, which will obtain a separate quotation as Urbium PLC on AIM, on 17 March. Existingshareholders will receive one Urbium share for each share in Chorion (22p) held. "New" Chorion will then comprise the residual Intellectual Property activity.   When John Conlan (ex-First Leisure)joined  Chorion in 1997, it was the near-bankrupt owner of theTrocadero, London's large retail and leisure complex which had failedto make a go of running Segaworld. Under Conlan's hand, Chorion soldthe  the freehold on the Trocadero building back to Burford. Thisprovided much needed cash to invest in its two new act ...

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Urbium - Results on 25 February (February 2004)

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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