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LonFin - Big Discount to NAV with Finsbury Food the Making of it?

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markt - Mon, 18 Dec 06 :

MWB has 38 million shares in MBE, ie. majority shareholder.....=78M pounds worth

and MBE share price has now doubled since it was listed at 80p.

And MWB cap. value is 186M pounds.

So..if MWB sold all of their shares in MBE (to institutions for example) they would raise 78M at today's share price.

WHich could then de paid as a dividend to MWB share holders, a 50% dividend.
MWB share price would fall but I doubt it would be as much as 50%.
(if done as shares and not cash then can avoid a lot of tax problems)


So....I think the MWB share price will rise as the market notices this reality.

WHich in turn will increase the NAV per share of London Finance LFI that has a large % of its NAV in MWB. 2million shares to be exact after submitting 1M in recent cancelling for cash process.


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