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Mayborn

October 2005

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:
  • MBY
  • Price:
  • 434p
Mayborn has issued H1 results with sales up 35% to £43.4m and pretax profit up 24% to £5.2m, largely driven by its baby & child business. Earnings were up 22% to 17p. Debt at the period end was £15.8m but should fall to £10m by the year end. The baby & child division put in a sparkling performance with sales up 47% to £33.8m and operating profit up 46% to £5.4m, although stripping out acquisitions, the gain was 9% and 23% respectively. The operating margin was 15%. Performance was aided by a strong sales performance from Tommee Tippee driven by new products and a maiden contribution from TP, the children‘s play equipment manufacturer. Following the relaunch of the Sangenic nappy wr ...

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Mayborn - 513p bid from 3i backed vehicle (July 2006)
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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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