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MBL Group

  • BY: Andrew Hore |
  • POSTED: 24/01/2017 |

MBL Group is continuing to try to sell its businesses and it has sent a letter to shareholders to inform them of progress and ask if they would like to buy any of the businesses. 

Corporate finance businesses have provided fee quotations and MBL is reviewing the structure of the group. There have already been expressions of interests for all the trading subsidiaries.

The share price rose 1.5p to 14p, which values MBL at £4.05m. Net cash was £1.54m at the end of March 2016, while net assets were £2.62m. The group has revenues of around £15m.

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