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Penny Share Review 138

Monday 25 June 2002

The Weekend's Comments

The Sunday Express tipped Mice (MEG) as a 'Buy' in its 'Ones to Watch' column. Although the acquisition of rival Expocentric has added to costs, over the long term it should contribute to corporate growth. The newspaper believes that Mice's international presence and range of services will leave it well positioned to meet the demands of multinational corporations. The Express is also encouraged by the record order book and by high enquiry levels. At 11.19 the shares had nudged up a penny on Friday's close to 56p.

Several newspapers commented on the Extraordinary General Meeting (EGM) at e-primefinancial (EPF.L), which is scheduled for this Friday. At the meeting shareholders will have the opportunity to vote on proposals from Recovery Partners, led by former chief executive Gene Grant, who wants to gain control and use the Group's cash to develop software businesses. The Observer reckons the vote will, "go to the wire", while the Sunday Telegraph believes shareholders should "reject the proposals" and "give the current Board one last chance". The stock was unchanged on the day, trading at 3p, at 11.19.

Today's 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.

Interactive Digital Solutions (IGL.L) - Fifteen year contract gain.
Fulcrum Pharma (FUL.L) - New US office.
Symphony Plastic Technologies (SYM.L) - Director Appointment.

Look Out For This Week

24 June - UK May provisional M4 lending.
25 June - Cater Barnard interim results.
26 June - UK June retail sales.
27 June -
28 June - e-primefinancial EGM; UK Q1 final GDP and final balance of payments.

Compiled by J Robertson

Penny Shares Online - penny shares research and information service.




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