Sunday newspaper share tips
This is Money
25 September 2005
Mavinwood was set up as a shell company and owns ReStore, a firm that offers document storage and does secure door-to-door deliveries. The sector is growing by more than 10% a year and Mavinwood should be well-placed to make acquisitions in a fragmented sector. Buy at 11.12p.
This weekend’s The Business included an article on Mavinwood (MVW.L), in which the Company and its acquisitions were reviewed. The piece commented that the sector is expanding, growing by more than 10% per year, and that Collins Stewart reckons that the combined businesses will make £4.1m before tax this year. To conclude, the shares were rated as a ‘buy’ due to the Company being ‘Stable and cheap’ but note was made that the real reason for buying the shares is the sector. Following this media attention the shares added 0.13p this morning, reaching 11.25p.
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