MWB Group Share Discussion Threads

[lbo] 15/9/2009 08:32

No stock around at the moment after Pyrrho buying over 11% in a few days to add to their previous 3%. That would cause a temporary rise. Seems the credit crunch and maybe greed delayed and depreciated the plans! Its falling assets values now! And I see PCX and LFI have MBW shares that they may need to sell. LFI have 2m shares or 2.48% of MBW. Deutsche Bank and Mercury Real Estate Advisors are sellers also.



MWB originally launched its asset realisation process in 2002 with a target of returning 200p a share to investors by the end of 2005. The realisation programme was extended by three years to allow shareholders to cash in on rising asset values.

Mr Balfour-Lynn said that, despite the uncertainty over this year's realisation deadline created by the debt market crisis, there had been little or no impact on any of its three businesses, which continued to trade strongly.

The delay is unlikely to impress Mercury Real Estate Advisors, one of MWB's biggest shareholders. Last year, it criticised Mr Balfour-Lynn for his efforts to sell its hotels, suggesting he should resign as chief executive. He dismissed Mercury's comments as "disgraceful, defamatory and inaccurate".

[broadwood] 15/9/2009 08:29

Three years ago this was valued at nearly £3.

Times have changed but there's still plenty to go for.

[cyberbub] 15/9/2009 08:25

Very low volume though

[chrisis33] 15/9/2009 08:14

13% rise so far today

[chrisis33] 15/9/2009 08:09

Someone's in a rush - repeated 7500AT buys, further accumulation in my book

[oneeyedjack01] 15/9/2009 08:07

+10% but still only trading @ half NAV!!

[newswseller] 15/9/2009 08:00

Yep, should be a good day today hopefully..

[dnfa1975] 15/9/2009 08:00

Stake-building boosts MWB

By Neil Hume and Bryce Elder

Published: September 15 2009 03:00

MWB Group , owner of the Malmaison and Hotel du Vin hotels, was again in focus yesterday as its shares rose 9.9 per cent to an 11-month high of 59¾p.

After the market closed, it became clear why: Pyrrho Investment, a Hong Kong property investment company, had added to its stake, now at 14.4 per cent.

Traders said Pyrrho had cleared up a couple of large sell orders but more interestingly might put the company into play. MWB has a market value of £43m yet its properties were valued at £552m at the end of June.

[chrisis33] 15/9/2009 07:31

Thanks Crosswire - good pulicity for MWB!

[crosswire] 15/9/2009 06:28

'MWB has a market value of £43m yet its properties were valued at £552m at the end of June.'

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

MWB looks seriously undervalued!!

[crosswire] 15/9/2009 06:18

Stake-building boosts MWB

By Neil Hume and Bryce Elder

Published: September 15 2009 03:00

MWB Group , owner of the Malmaison and Hotel du Vin hotels, was again in focus yesterday as its shares rose 9.9 per cent to an 11-month high of 59¾p.

After the market closed, it became clear why: Pyrrho Investment, a Hong Kong property investment company, had added to its stake, now at 14.4 per cent.

Traders said Pyrrho had cleared up a couple of large sell orders but more interestingly might put the company into play. MWB has a market value of £43m yet its properties were valued at £552m at the end of June.

[envirovision] 14/9/2009 23:11

If this leads to an out right take over then its going to have to be north of £1.50 imo.

[chrisis33] 14/9/2009 22:33

They've certainly been uying very aggressively. 14%+ in 5 trading days

[dnfa1975] 14/9/2009 22:27

hopefilly pyroo will take their stake to 29% and launch a bid

[chrisis33] 14/9/2009 20:36

Agreed oneeyedJack, expecting further RNSs to come detailing further stake increases - and takeover is a distinct possibility

[oneeyedjack01] 14/9/2009 19:02

I am lead to believe Pyrrho are these ....



I read the corporate profile and I know exactly what it is telling me.... that is takeover. They see value and are going for it. I am holding tight.

[newswseller] 14/9/2009 18:36

feel sorry for the people who got bumped out on that tree shake in the last 1/2hr of trading.... Definate stake building going on by Pyrrho... Still millions unaccounted for..

[crosswire] 14/9/2009 18:05

RNS:


Pyrrho Investment Limited

Threshold(s) that is/are crossed 14%
or reached:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

10/9/09 was:

Pyrrho Investments declared a 10.2 per cent holding

[nksharpe] 14/9/2009 17:47

Hi Eagle 30

Yes I am keeping Barratt.
It was your move that caused me to buy into this one. I bought at 61p a lot higher than you.

I am sure you will do well

NKS

[johnv] 14/9/2009 17:09

Dont forget we also own 70% of MBE (valued at £39m) as well

[broadwood] 14/9/2009 16:44

The Liberty name itself would have unlimited value if it were exploited properly.

They've been a long time getting round to it.

[lbo] 14/9/2009 16:40

Malmaison and Hotel du Vin chains = £350m (Max 50% of rumoured price in 2007/08)






Liberty Store 68% stake of £65 value = Max £40m


71.5% stake in serviced office arm MWB Business Exchange at £55m = Max £35m



= Max £425m Assets
- £366m net Debt

= £59m NAV or £0.81p a share (allow for normal market discount on property shares and its worth max 70p)