MWB Group Share Discussion Threads

[gucci] 27/2/2007 13:07

only blue in a sea of red

[markt] 18/2/2007 15:24

why such a big jump on Friday ?

Just because of charting reasons (double top) or is there any news out there ?

(or perhaps people reading the latest company report or ?)

anyone know ?

[phuckerty] 16/2/2007 20:36

Hi
I knew this was going to come good.
This share has had such a low profile i can hardley believe it, may now be on the radar screen so enjoy the ride as it will be a good one.
Regards

[alan@bj] 05/1/2007 14:29

According to today's Investors Chronicle - which has MBE as one of its Tips of the Year - although MWB's management team wish to eventually turn the 68% holding in MBE into cash, they also think MBE's expansion plans will create significant value, and so are unlikely to look for an exit until at least the end of 2008.

[alan@bj] 05/1/2007 14:26

MBE one of Investors Chronicle's Tips of the Year

[markt] 03/1/2007 14:11

The MWB stake in MBE is now worth 89Million.

Approx. 50% of the cap. value of MWB.

[markt] 02/1/2007 16:40

Floated at 80p, now 193p to buy.

And MWB own most of the shares and their stake is now worth millions and millions, large part of value of MWB is in MBE shares...

and perhaps the market has not noticed this yet

[markt] 02/1/2007 16:35

I want them to announce that they have sold all their shares in MBE business centres....or doing shares as a payout to MWB shareholders...

then MWB should move up....

[alan@bj] 29/12/2006 11:48

29/12/2006

Liberty - 68% owned by MWB - issued the following press release today:-

Liberty Plc: Record Christmas Trading

Liberty Plc ("Liberty"), the Regent Street emporium, today announces a record Christmas trading period with sales almost 6% higher than the comparable period in 2005.

Although sales at the start of the four week run up to Christmas began more slowly than in 2005 trading picked up dramatically during the first week in December 2006 as Liberty recorded its highest ever normal day's sales. Over two consecutive days sales totalled almost £1m.

Iain Renwick, Liberty's Chief Executive, said: "I believe this stunning performance reflects customer response to Liberty's very distinct offer. Today Liberty is seen as a fashion and design-led business offering customers upmarket style and quality.

"Liberty of London, our luxury branded goods collection, has performed superbly. We now have a very loyal and growing customer base which sees us as a beacon in the West End providing great service and beautiful merchandise in a totally unique retail environment."

Renwick went on to point out that the like-for-like performance does not take into account that over this Christmas period Liberty traded from approximately 20% less space than last year.

Top performers over the Christmas period included women's luxury fashion accessories, fragrance and beauty while men's fashion and accessories together with fine jewellery also traded very strongly.

Liberty also announces that the first two days of the seasonal sales have started strongly.

A trading statement covering the 12 months to 31st December 2006 will be issued shortly.

[markt] 28/12/2006 14:48

gonna go up I reckon

[finess] 27/12/2006 17:16

Re NAV,
Property portfolio is in good locations around the country as they say a "moveable feast"

[phuckerty] 26/12/2006 12:39

Hi
I wonder what the true value of MWB is i would put a share price of £3.20 based on NAV but could be more.
Regards

[finess] 23/12/2006 14:45

Booked in now for Christmas at HDV. 5 days of spending, should be a discount for sharehoders.

[gritter] 21/12/2006 18:50

It's interesting that MBE has been going up ahead of the end of the lock in period(which was today). I wonder if MWB will place part of their holding shortly to redusce this to an investment as opposed to a subsidary. That would enable them to carry out a further tender offer at what is, I believe, well below a true NAV.

[markt] 21/12/2006 16:39

It has 84.7M pounds worth of shares in MBE

46.6M pounds of this is profit since floating it at 80p per share. Now 178p !!

MWB has cap. value of 193M.
So......its holding in MBE is about 1/2 of its cap. value.

And the market has not taken notice yet...since MBE has only just recently rocketted up.


(and LFI has large % of its NAV in shares in MWB so it would also benefit if MWB goes up in price).

and some trading of LFI going on....so perhaps someone trying to get in first...

[sharw] 16/12/2006 11:40

It looks as if every company now has to declare voting rights under "Transparency Directive's transitional provision 6". There are dozens of such announcements.

[gritter] 15/12/2006 19:18

Why has MBE stated its total voting rights? does this mean that they suspect someone is building a stake and not disclosing it as the share price has gone up (10p today alone). Surely with so small a float, no one can gain that big a stake? Nevertheless, like markt, I think MWB is rated well below NAV, particularly if MBE was sold off.

[markt] 15/12/2006 13:53

They have gained about 37M pounds from the increase in value in their shares in MWB business offices (47.6M shares in MBE), listed separately from MWB.

37M gain is a fair % of the cap. value of MWB (of approx. 190M)

and the tie in period will be ending in not too distant future I think....

so if MWB wanted to liquidate some of that gain and give it to shareholders as part of the declared pay back process then they could...

or if liquidated it all ( 72M cap. value) then could give about 40% of the share price of MWB (cap. value of about 190M) back to MWB share holders !!, just from the business office holding.....interesting....

a dividend of value of approx 100p per MWB share in MBE shares
(if done as shares then can avoid tax)

has the market fully priced it in to MWB price ?

...so MWB share price could/should keep going up in my view....

[alan@bj] 13/12/2006 16:29

Good strong rise on the announcement that Mercury have taken a chunky stake. Anyone know who they are?

[gritter] 06/12/2006 18:53

If Deutsche Bank has sold part of its holding, and the share price continues to move up, who is buying? The trend looks very positive.

[finess] 04/12/2006 16:29

£3.00 is on the cards, takeing the family for Christmas, and in laws boxing day.

[phuckerty] 02/12/2006 13:04

Hi
Nice to see a director buying £100,000 worth of shares this week.
Regards

[sharw] 20/11/2006 15:11

markt - You may find it helpful to download the last report. You can do this from:



Because two parts of MBW are listed they usually give an alternative NAV which you will find on page 27. That is based on end-June prices. For MBE that was 94.5p, hence with that at the moment 144.5p the 41p becomes 62.7p. Of course, that is before the tender buy-in. I am still doing my own calculations on the effect of that which I will post if I ever get round to finishing them!

[markt] 20/11/2006 13:40

..thanks for the info...anyway, I knew/know that the Liberty in question is the department store in London, and that has been (I believe) has been improving after last 2 years....

...I will go and read that statement, thanks for the info...may make distribution as shares not cash, makes sense...

(and the MWB stake in MWB business offices has jumped up today, up a lot recently...and will eventually increase the MWB share price I think)

Do you know what % of MWB NAV is in Liberty and the gain in this NAV in pence in MWB during 2006 ?

[sharw] 15/11/2006 16:40

You are mixing up your Liberties! MWB has nothing to do with Liberty International (LII) but owns a large chunk of Liberty (LBE).

MWB has changed its timetable a number of times and you should read the latest Chairman's statement (19/9) regarding the extension to end 08. The company has not said that distribution will be all cash - as it approaches wind-up it could distribute its shares in MBE and LBE to its shareholders. In fact there may be some pressure on them to do this from people who would otherwise end up with a CGT liability.