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Penny Share Review 526

Monday 11 January 2010

DDD Group (DDD) was “Tiddler to watch” in Saturday’s Times, suggesting that investors that want to benefit from the rise in 3D TV and films might want to give the company “a look”. Some may have followed this advice, as the Group was 3.00p better off at 21.75p, following this press comment.

Intellego Holdings (IHP) appeared in David Shand’s “Small Companies Roundup” in Saturday’s Daily Express, drawing attention to John Hammond’s appointment as Sales Director and subsequent rise in share price. The piece reported that Mr Hammond’s positive input since joining should be reflected in half-two results, but the shares were unchanged at 0.50p this morning.

The Sunday Times provided coverage of the ‘fresh attempt’ by former Chairman Greg Hutchings to regain appointment to the board of Lupus Capital (LUP), after failing to do so previously. Detailing that his prior attempt was unsuccessful due to 58% of the votes having gone against him, the article also stated that the Company is thought to be close to announcing a new Chief Executive. At 56.25p, the stock was 1.50p higher during today’s early trading.

Today’s Independent included Range Resources (RRL), reiterating its intention to ‘tap the market’ for more cash through a Placing and Rights Issue. Noting the Company’s “predilection for looking for natural resources in dangerous places”, with assets in the north-eastern Puntland region of Somalia and in Georgia, it also drew attention to the 25% interest in the North Chapman Ranch project in Texas that was announced in September last year, concluding that this interest is in what has been described as “one of the area’s most prolific oil and gas producing trends”. However, the shares were 0.125p lower at 3.50p earlier.

Sound Oil (SOU) was noted by Saturday’s Daily Express, also in Mr Shand’s column, pointing out increase in the share price on renewed deal hopes. Nevertheless, the stock was 0.25p weaker at 2.075p earlier today.

The prices above were taken at around 10:29am on 11 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.

Altona Energy (ANR): Issue of Equity.

Angel Biotechnology (ABH): 1st Contract under Materia Medica Frame Agreement.

EMED Mining (EMED): Resolutions of Third Parties Legal Disputes.

Jubilee Platinum (JLP): Directorate Appointments.

Lupus Capital (LUP): Requisition of General Meeting.

Mercator Gold (MCR): Copper Flat Project Update.

Petra Diamonds (PDL): Significant Shareholding.

Qonnectis (QTI): Half Yearly Report, Directorate Change and Change of Advisor.

Rheochem (RHEP): Holdings in Company.

Sinosoft Technology (SFT): Trading Update.

SmartFocus Group (STF): Wins Hachette Filipacchi Media Contract.

Solo Oil (SOLO): Drilling Report.

TSE Group (TSEG): Contract with the Brazilian Olympic Committee.

Look out for this week

Monday, 11 January – Results from Qonnectis (QTI). UK Regional PMI (December).

Tuesday, 12 January – RICS UK Housing Market Survey House Prices (December).

Wednesday, 13 January – UK Monthly Industrial Production Figures (November). NIESR Monthly GDP Estimates (December).

Thursday, 14 January – CML Regulated Mortgage Survey (November).

Friday, 15 January – Financial Statistics – FinStats Data Release (January).

Diary items source: Fidessa.

The next Penny Share Review will be posted on Monday, 18 January 2010.

Compiled by Chris Richards.




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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.