Penny Share Review:

• Issue 469 : 01 Dec 2008
• Issue 468 : 24 Nov 2008
• Issue 467 : 17 Nov 2008
• Issue 466 : 10 Nov 2008
• Issue 465 : 03 Nov 2008
• Issue 464 : 27 Oct 2008
• Issue 463 : 20 Oct 2008
• Issue 462 : 13 Oct 2008
• Issue 461 : 06 Oct 2008
• Issue 460 : 29 Sep 2008
• 2008 Archive
• 2007 Archive
• 2006 Archive
• 2005 Archive
• 2004 Archive
• 2003 Archive
• 2002 Archive

Penny Share Review 451

Monday 28 July 2008

The Sunday Telegraph included an article titled “Architects’ firm aims to build up to a grander design”, concerning Aukett Fitzroy Robinson (AUK). The piece noted the CEO’s bemusement at the strength of the Company compared to weakness of its share price, with turnover of £22.5m and pre-tax profits of £2.5m in the year to September 2008. It continued that there are no plans to take the Company private, due to belief that market sentiment will return, pointing towards growth in the Gulf or Russia rather than the UK and detailing a meeting with the largest construction firm in Abu Dhabi, which could deliver £2m of fees in the current year. This was compared to slowdown in the UK and the report commented, “Smaller Company investors who are willing to take a contrarian view towards the construction sector may be interested in this enterprise” though concluded, “They should wait to see that Auckett delivers the full-year numbers as promised and then consider investing in the business.” These column inches failed to impact the share price however, which remained 7.625p this morning.

Henderson Morley (HML) appeared in Saturday’s Times in the “Deal of the Day” section, which commented on increase in the share price as Chairman Andrew Knight bought 500k shares. It went on to reiterate news from May regarding the sale of rights to specific technologies, after failing to get a good sale price for the Company as a whole. The share price was unchanged at 0.80p following this press attention.

Prices above were taken at around 10:29am on Monday, 28 July 2008.

Announcements

The following companies, in which City Equities customers may have an interest, released announcements to the market this morning. These can be found by entering the relevant company name or ticker code in the search box on this site.

COMS (COMS): Preliminary Results.

Hidefield Gold (HIF): AGM Result and Directorate Change.

Imaginatik (IMTK): Non-Executive Retirement.

Infonic (IFNC): Merges its Text Analytic Business.

Intelligent Environments (IEN): Statement re Trading Update.

Mineral Securities (MXX): Treasury Stock.

Oxford BioMedica (OXB): Board Appointment.

Rheochem (RHEP): Re Agreement.

Stratex International (STI): Interim Results.

Timestrip (TIME): Change of Adviser, Placing and Non Executive Director Appointment.

Look out for this week

Monday, 28 July – Results from COMS (COMS). UK Hometrack House Price Survey (July).

Tuesday, 29 July – UK BSA Mortgage Lending Survey.

Wednesday, 30 July – Symphony Environmental (SYM) AGM. GfK Consumer Confidence (July).

Thursday, 31 July – Irvine Energy (IVE) and Zambezi Resources (ZRL) AGM.

Friday, 1 August – UK CIPS Manufacturing PMI.

The next Penny Share Review will be posted on Monday, 4 August 2008.

Compiled by Chris Richards.

Penny Shares Online - penny shares research and information service.