MWB Business Exchange Share Discussion Threads

[james t kirk] 28/8/2008 08:23

When you read the results fully, its a fantastic performance as they've got no debt having paid it all off in past six months, a growing business and results ahead of expectations.

I believe the managed office space business will thrive in this downturn and they clearly operate very well. I've bought in today for first time at just under 79p.

[james t kirk] 28/8/2008 08:06

Well this company has really outperformed in the past six months and rented accomodation is set to be a great performer. Shares now on p/e of just over two!!

[silverfern] 26/3/2008 21:23

I sold on results day for 10% profit (over a couple of weeks). Hoo ///ray in this market. There is no trade in these companies so they get hammered and today MI recommend buying MBE - sorry they recommended buying this weekend at 114p. No attempt in that rag to address the market reality and it shows p-poor approach to their customers. MBE - Great results but as with many companies doing the same right now, it doesn't matter. Brokers, like banks, want stock off their shelves and will try to attract buyers at any price. Just MHO.

[lochgarman] 09/3/2008 21:06

silver fern....results this tuesday...... 7am as usual....

should be good.

[silverfern] 03/3/2008 11:03

\Here we are in early March, the date given for results. Anyone know the exact date? This week perhaps?

[johnrxx99] 24/1/2008 03:54

The market imo is concerned with occupation rates and letting rates rather than property values. However, in the accounts there will be property values as the business will have assets shown based on leasehold values, amortized as usual. They also have fitout costs.

Property values fall for 2 reasons: estimated rental value and growth rate in future rental value. From the former you determine the base net income and the latter the irr and thus the current yield to value the income on. If demand for space is estimate to decline in the future, erv's and rental growth estimates decline and long voids periods are built in after lease expiries for the time it takes to relet.

Thus essentially it doesn't matter if you are in freehold or leasehold, as far as the business is concerned you get affected. It will also be more difficult to raise money for new business unit expansion.

Also imo this will continue until it can be shown there will be no recession in the UK and rents are at least stable. In a recession the first thing that goes, other than the PR and HR departments, is temporary accommodation. Big companies have long leases which they can't dispose of so they try and sublet. If they have tempary space they bring staff back to the main accommodation.

If it's a small company they are forced to cut back and move into cheaper space which is usually in good supply for the aforementioned reason.

Therefore, for the moment one cannot see the future too clearly so I dont expect mbe to come back soon. There may be support for the first half, pundits have said they see a bit of a bounce in property related stocks, but dont expect it to last until the worlds economic outlook is much clearer. DYOR

[andyh78] 23/1/2008 19:54

Other property companies are struggling because all their properties are Freehold, so they have been hit by declining propert values.

MBE has been lumped in with these by the market but shouldn't be as all its property is leasehold.

Trading ahead announcements have to be made when results are 10% of market expectations. So earning should be at lease 18p, putting MBE currently on a tiny P/E of just 6 or so.

[cottlet] 11/1/2008 14:10

John v
Companies dont do things like that. Its too disruptive and expensive to move premises and they wont do it unless forced to. Whos is going to buy? too early to see where the market is going.Might happen 6 months down the line but at the moment its sit tight.

[johnrxx99] 10/1/2008 10:00

This is doing well!! They are 50% off with the rest. Dont deserve it , true but property is doing well today. Hope it lasts longer than a day.

[johnv] 10/1/2008 09:51

cant undertstand why they doing well whilst all other property type shares have collasped. Are companies selling their properties and moving into their rental offices in case of the forecoming recession?

[sandbank] 10/1/2008 09:32

Good trading statement today

[johnrxx99] 23/7/2007 04:42

true, but someone is dumping also.

[johnv] 22/7/2007 21:01

what is interesting is director buying last month. 230k. quite a bit.

[johnv] 20/7/2007 14:39

another chance to buy

[johnrxx99] 14/6/2007 18:57

But time to buy me thinks

[johnrxx99] 12/6/2007 10:31

Rather disappointing. Nearly at stoploss.

[johnrxx99] 24/5/2007 09:48

Back to support. I suppose it's being lumped in with the property market and thus interest rate discount. I guess we have to wait the next results, or of a competitor, before we move on.

[gucci] 23/4/2007 12:36

as u said john support at 170p

[johnrxx99] 23/4/2007 11:12

A good morning so far. Just thought I'd mention as otherwise a boring day.

[johnrxx99] 22/4/2007 10:04

Disagree, support 170p

[leytonorient] 21/4/2007 18:02

vERY CAUTIOUS WITH RATES RISING
CHART SUPPORT AT 140P

[johnv] 21/4/2007 17:44

The share price is back to where we were before the results. Anybody like to comment why