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Penny Share Review 525

Monday 04 January 2010

Penny Share Review 525

Geoff Foster reported that shares in Aurelian Oil & Gas (AUL) had increased on news of a joint venture deal with a Polish State oil and gas firm in Friday’s Daily Mail, also reiterating that an independent review had increased its valuation of the business to 564p a share. The price was 0.50p better at 37.00p today.

The Mail on Sunday included Fitbug Holdings (FITB), formerly ADDleisure, noting that it has teamed up with the Nectar loyalty scheme to award points based on how far users walk every day. It went on to highlight that the Company is launching ‘weight management’ programmes with five NHS Primary Care Trusts this month, but the stock was unchanged at 11.50p earlier today.

Plant Impact (PIM) was featured in Friday’s Daily Express, in an article titled, “Shares tipped to cushion the 2010 rollercoaster ride”. The piece pointed out that the Company has started to reap the benefit of its licensing deal with Arysta and that news flow is expected to be strong as other products are brought on stream. The shares were 1.50p higher at 28.50p this morning.

Today’s Guardian suggested that Stratex International (STI) was an AIM listed miner to keep an eye on, drawing attention to the experience of CEO Bob Foster. Detailing that Westhouse Securities has an 8p target price, the article concluded, “Risky but could be rewarding”. Nevertheless, the price was unchanged at 3.125p.

The prices above were taken at around 9:42am on 4 January 2010.

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.

Lonrho (LONR): Holdings in Company.

Motive TV (MTV): AIM Suspension.

Range Resources (RRL): Suspension on the ASX.

Real Estate Investors (RLE): CBE in New Year’s Honours List.

TSE Group (TSEG): Change of Advisor.

Look out for this week

Monday, 4 January – BSA Savings and Mortgage Lending Figures (November). CIPS Manufacturing PMI (December).

Tuesday, 5 January – CIPS Construction PMI (December).

Wednesday, 6 January – Nationwide Consumer Confidence Index (December). CIPS Services PMI (December).

Thursday, 7 January – Bank of England Interest Rate Decision.

Friday, 8 January – NIESR Monthly GPD Estimates (December). Halifax House Price Index (expected around now – December).

Diary items source: Fidessa.

The next Penny Share Review will be posted on Monday, 11 January 2010.

Compiled by Chris Richards.




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddesdon, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.