MWB Group Share Discussion Threads

[eagle30] 17/9/2009 21:10

The pattern for MWB seems to be an early rise followed by a gradual fall-back. Still, as long as it keeps finishing blue ...

newswseller - yes, it may have been better to hold - but I just couldn't resist it! I have in the past sat on stocks for months just waiting to get my money back!

Don't want to stray off topic too much but am also in CLF which is going great guns at present.

[newswseller] 17/9/2009 18:40

eagle30- can't knock you for selling out for a nice quick profit. Expect much of the same tomorrow in IERE. Think 70p for £1.06 of assets is fair value

[eagle30] 17/9/2009 17:46

Yes, I bought into IERE this morning and sold 40 minutes later for a net profit of £634. Wish I could do that every day. May have another shot tomorrow - we'll see!

[scburbs] 17/9/2009 17:30

A blue day for you, but not for me given when I bought in. Happily it has been a spectacular day for most of the rest of my portfolio (except a couple of short positions).

[newswseller] 17/9/2009 16:41

bit of a let down today, but still a blue day ;-)

[scburbs] 17/9/2009 15:51

It is quiet. All those people who could have read the board and made an instant 10+% on both IERE and COL seem to have missed out. Luckily I am in both.

[newswseller] 17/9/2009 15:37

quiet on here today... did anyone buy into IERE, going strong today

[scburbs] 17/9/2009 10:41

I like the look of these and have taken a long position. Here is a useful hotel market snapshot indicating things starting to improve in the sector. The authors COL are also worth an investment on the back of an improving real estate sector.

[newswseller] 16/9/2009 19:09

goodwill3 - IERE is definately a multibagger, along with MWB

[eagle30] 16/9/2009 17:02

Nick R - welcome aboard. Interesting day today - share price all over the place - but we finished blue and this still has legs imho.

goodwill3 - thanks for the tip. Will have a look at this one.

[goodwill3] 16/9/2009 16:19

i strongly recommend you look at IERE and read the recent posts there. It is beleived to have the biggest discount to NAV of any property company!

It is starting to get recognised and even with a double to 60p it would be 50% of the NAV.

[nick rubens] 16/9/2009 13:44

Bought in. No time to dither,lol, dithering cost me good opportunities before.

[eater24] 16/9/2009 09:41

is a break up good for the sp

[bluesky1st] 16/9/2009 08:45

LBO, not too keen on MWB then ?

Thanks for the info though, always good to have a balanced view.

They do look like a great break up and sell off play though.

[oneeyedjack01] 16/9/2009 08:15

L2 is 2v1 :-)

The buying continues!

[lbo] 16/9/2009 08:13

They could breach the gearing covenant in respect of the Group's £30m Unsecured Loan Stock

[oneeyedjack01] 16/9/2009 07:25

Price of gold continues to rise as a result of currency devaluation.
I have expected a rush to convert currency to assets for some time now.
Is that time here?

The chinese are returning our printed paper fo assets hence thier interest in this.

[lbo] 15/9/2009 22:17

A lot of sellers also!



Principle Capital Advisors Ltd
Deutsche Bank AG (UK)
Mercury Real Estate Advisors LLC
JPMorgan Asset Management (UK) Ltd.

[chrisis33] 15/9/2009 18:07

Definitely something going on here IMO - more stake building, more significant late and late reported buys

15-Sep-09 12:22:56 67.00 74,000 Buy* 64.00 67.00 £49.58k Trade Type: Delayed publication

15-Sep-09 16:43:13 66.00 50,000 Buy* 64.00 67.00 £33.00k Trade Type: Unknown

15-Sep-09 16:32:51 66.90 255,927 Buy* 64.00 67.00 £171.22k Trade Type: Bargain Conditions apply
Nonprotected portfolio, Single Protected Transaction

15-Sep-09 16:32:31 66.90 494,073 Buy* 64.00 67.00 £330.53k

[brewsters millions] 15/9/2009 13:19

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.

[lbo] 15/9/2009 11:55

eagle look left on the long term chart above! Pre Oct 2007.

The share price rise is now up to fair value (see earlier calcs) that Pyrrho are willing to buy and Deutsche and Mercury are willing to sell. MWB need a new investor and cash injection or asset sales. Hardly the best time to be selling assets in terms of price is it? (thus falling NAV but debt is still the same) Seems everything at MWB is up for sale as they need to reduce the £366m in Debt. If they were looking to take them over surely buying via CFDs would have been less conspicous and not been picked up in the press and would make you wonder if a rights issue with the new investor is on the way to buy them more time to sell assets and reduce debt.

"Traders said Pyrrho had cleared up a couple of large sell orders"

[eagle30] 15/9/2009 11:52

LBO - why, in your view, has the share price risen so dramatically of late? I don't think that the shares were ever "trading at 300 pounds", by the way!

[lbo] 15/9/2009 11:26

Hanglip development: public interest trashed the sake of some municipality staff pockets



Let's look a bit deeper into MWB Group in London, who would have to come with the cash for this massive development. MWB Group operates luxury hotels in secondary cities in the UK and a flexible office center in London. In September 2007, the shares of MWB Group were trading at 300 pounds, by May 1st 2008 these were slashed by half to 150 pounds. This was also the time that the group published for the last time their Key Performance Indicators, which already revealed serious problems at the time with steep declining EBITDA in their hotel busienss and a loss of 1,134 million Pounds for the firsyt six months in 2008. Only the the business exchange center had a status-quo. We are now nearly a year later and no further financial statements have been published by MWB. Let me tell you: the figures will be catastrophic bleeding red. As you all know, the UK is one of the hardest-hit countries in the world; they are even considering to call upon IMF aid. Hotel business in secondary cities, especially the luxury segment and the office rental business will be in the eye of the storm.These people are without cash.

[lbo] 15/9/2009 10:49

Problem seems to be Debt and poor interest cover so they need to sell assets ASAP but not sure if its a great time to be selling still?

Euroweek.com - MWB extends £348m of loans




MWB Group has a loan of about £52m outstanding. The margin varies between 370bp and 440bp. Debt was six times ebitda

MWB Group faces debt challenge





The vast majority of MWB Group's borrowings up for renewal in 2011 and net debt c. £360m (over 70% fixed; average interest rate: 7.4%