MWB Group Share Discussion Threads

[factsonly] 24/4/2002 07:55

...and Morley reduced their holding.

[xad] 23/4/2002 09:08

Factsonly
It is probable that the 141p NAV is deliberately conservative. It was previously above 200p. Jupiter and Morley, which own 30% of the equity were probabably aware of this when they told the company to put a £15m ceiling on the payout to staff and directors if pre-agreed targets are met.

[4d] 20/4/2002 17:56

I thought maybe he was related to Dundoe who also warned people off them at under 90p.

[palawrence] 20/4/2002 17:48

Oh dear such a sad day to see a deramper asking for mercy. They don'i make 'em like they used to.

LOL!

[4d] 20/4/2002 17:36

Can one presume you failed to destroy MWB then?

Shocking.

[factsonly] 18/4/2002 13:40

volumes look healthy, but MWB still goes down... hmm. Need the Liberty bid to materialise soon to give it a another small boost.

[praline] 18/4/2002 13:22

WOULD PEOPLE PLEASE REFRAIN FROM USING THIS THREAD IN FUTURE SINCE IT LOOKS LIKE THE COMPANY IS GOING TO BE AROUND FOR A WHILE AFTER ALL AND THAT I CALLED THIS ONE WRONG - I HAVE CLOSED MY SHORT, UNFORTUNATELY WITH A SIGNIFICANT LOSS, AND DO NOT WISH TO SEE THIS THREAD REAPPEARING ON MY NEWS MONITOR AND REMINDING ME OF THIS - THIS IS POSITIVELY MY LAST EVER POST ON MWB.

[factsonly] 18/4/2002 08:08

you mean 141p, ha ha!
Edging towards a double bottom formation.
Fundamentals still looking cheap.

[sll] 17/4/2002 00:18

looks like they're a believer too!

[xad] 17/4/2002 00:05

At 11 am someone bought 250,000 at 110p.

[xad] 16/4/2002 16:05

KWLB
Look a little closer, you might conclude that there is more upside than 140p.

[kwlb] 16/4/2002 14:04

Still in from 91p. Looking for a lovely upward gradient for the next few weeks.

I'm with you for the 140p target, perhaps even a little more...

[sll] 15/4/2002 22:40

I do believe in MWB, but don't believe that SixC will find that the MM chain fits their model - unless they chose to buy it as the base of a 'new leg' to their model to build on upon. I still hold MWB and won't sell out just because MM doesn't fit SixC etc. There is much more to MM than that - speaking as a occasional MM client and consistent MWB believer.

[factsonly] 15/4/2002 08:48

Question: Does anyone have any idea if the malmaison chain fits Six Continents stringent financial and operational acquisition criteria? hence become the next bid target. The only reason I think six continents won't bid for it, is because it is too small (although it is rapidly growing, and it appears successful).
Disappointing increase in share price this morning.

[factsonly] 15/4/2002 00:08

SUNDAY TELEGRAPH: The Weston family, owners of Fortnum & Mason, is plotting an audacious £75m bid for Liberty, the landmark department store on Regent Street in London.

This will cause MWB shares to jump a bit... as will the news that Six continents has $600 million spending wallet for acquisitions!!! Next target could be MWBs hotel chains...

[factsonly] 14/4/2002 13:43

68% of £75m = £51m, MWB mkt cap on Friday cob was £121m. Factor in the rest of the business and this stock should hopefully jump 10% on Monday. £1.40 is still my target price.

Those T-trades on Friday are starting to look a bit dubious... I have a feeling £75m is still too cheap. Liberty's sales should recover fast now that it's refurbishment is complete, sales could jump 10-20% this year. Hope the board negotiates it to £85m (at least).

[sll] 13/4/2002 10:52

we all know it will be bumpy, but the trend will probably be upwards, so anyone jumping off now might be quickly disappointed. Those who remain won't get an instant reward, but we'll see something worth waiting for in a year or so. Writing as a patient holder.

[factsonly] 12/4/2002 17:26

Bumpy? as in steep rise and small dip and then steep rises to 140p. As long as MWB hits 118/119p in the coming weeks, it could then jump quickly to 140p.

Hopefully, those couple of moderately sized late (buy) T-trades should give MWB another upwards edge 1st thing Monday morning.

[obrienv] 12/4/2002 10:15

The directors are large shareholders and therefore it is very much in their interests to maximise shareholder value. There may be disappointing results still to come from one or more of their subsiduary companies, but £1.40/£1.50 seems a realistic target, although I suspect it will continue to be a bumpy ride!

[factsonly] 11/4/2002 16:08

My target is still £1.40-ish in the coming months (as I originally stated above)

[cat] 11/4/2002 08:36

250k protected purchase just reported.

[cat] 11/4/2002 08:25

flying through par easily.
Target anyone?

[simonevans] 06/4/2002 10:50

I have confidence in the management team; ok, market conditions went against them and they overstretched the balance sheet a couple of years ago. However, I have confidence in getting a reasonable return from where the price is today. As always DYOR.

[sll] 05/4/2002 12:23

tend to agree - MWB selling is overdone and MWB management are under-valued (like the stock).