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Penny Share Review 152
Monday 30 September 2002
The Weekend's Comments
A trading update by Screen (SEN.L) on Friday revealed that a bad debt provision of some £2m was to be made in the half-year figures, Saturday's Independent reported. The provision is likely to push interim results well below market expectations, the paper noted and that Screen was in talks with its bankers "to shore up its finances." A review of the business is underway and once an investigation into the scale of the financial information was known there is likely to be some management casualties. The shares have been suspended as the interim figures have had to be delayed and will not now be published until after the Stock Exchange's reporting deadline, which is today (30 September, 2002).
Web-Angel's (WEB.L) interim results were published on Friday and a review appears in the Daily Mail from Saturday. First-half pre-tax losses were reported at £365,000, a 70% fall compared to the same period last year. The newspaper also comments that the Company is still seeking a buyer. The shares were unchanged at 13.02 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.
Billam (BLLM.L) Interim Results.
Enneurope (ENU.L) Interim Results.
Fulcrum Pharma (FUL) Trading Statement.
Hot Group (HOT.L) Trading Statement, Directorate Change.
Northern Petroleum (NOP) Agreement.
NWD Group (NWD.L) Interim Statement.
Water Hall Group (WTH) Interim Results.
Look Out For This Week
30 Sept - Billam (I), Enneurope (ENU.L), NWD Group (I), Water Hall (I).
1 Oct - UK Nationwide house prices (Sep).
2 Oct - UK Construction sector purchasing and supply.
3 Oct - UK Services purchasing and supply.
4 Oct - US non-farm payrolls (Sept).
Compiled by Andrew McLintock
Penny Shares Online - penny shares research and information service.
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, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.