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Penny Share Review 145

Monday 12 August 2002

Saturday's Daily Mail talks up the shares in Country & Metropolitan (CRM) following recent comments on the health of the housing market. House builders' profits are climbing 30% or more and C & M has experienced similar growth. The paper notes, "In two years, profits have doubled to £2.2m." House broker Seymour Pierce expects £4m profits this year and £6.4m next while The Daily Mail adds that this "puts (the) shares, at 105p, at just 4.2 times likely 2003 profits." At 10.31 the shares were up 4.5p to 109.5p from Friday's close.

The travails of Park Row Group (PWP.L) - formerly Birchin International), following their recent share consolidation, have been watched with interest. The shares have fallen quite dramatically and it appears that the corporate action was not to everyone's liking. This has not put off broker Seymour Pierce, who according to Saturday's Daily Mail, is recommending to 'buy' at 23.5p. The paper continues, "(Its) an interesting national advisory business in an exciting sector." At 10.32 the shares were unchanged from Friday's close.

Once again the weekend press see fit to focus on Symphony Plastic Technologies (SYM). This time it's The Independent from Saturday. The Small Company Focus column in Saturday's newspaper reviews the recent deals with Somerfield, Kwik Save and Co-op and notes, "this represents a breakthrough into the retail business for Symphony." Break even is expected in the second half of this year while analysts forecast profits of £750,000 next year, increasing to £1.4m in 2004, "with turnover surging from below £4m to nearly £20m." The Independent advises, "At 39.5p, the shares should reward a medium-term punt." The shares at 10.30 were unchanged from Friday's close.

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.

Gladstone plc (GLD) - Director Shareholding

Look Out For This Week

12 August - UK Retail Sales Monitor (Jul)
13 August - UK RPI (Jul), US Retail Sales (Jul), US Federal Reserve statement
14 August - UK BoE MPC Meeting Minutes (Jul), US Business inventories (Jun)
15 August - No data scheduled
16 August - US Inflation (Jul), US Michigan consume sentiment (Aug).

Compiled by Andrew McLintock



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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.

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