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Penny Share Review 168
Monday 27 January 2003
The Weekend's Comments
The Independent on Saturday's columnist Derek Pain considers that "in these days of floundering stock markets, investors must rely on special situations...to provide them with a little comfort." With this in mind he suggests that Hot Group (HOT.L), "offers the promise of turning an internet dream into reality", as it's "a proper company with a proper business...operating in an online area where...the web offers the potential for highly successful, and profitable, development." He goes on to review the recent commercial and corporate history and speculates that it is on the acquisition trail, taking advantage of a highly fragmented market and is attempting to "establish a high-street presence" that "would add muscle to the group's net appeal." Derek Pain expects a further loss this year, but "much reduced." Hot Group "is a lean, mean operation and should be able to wring quick benefits from takeovers and could move into profit without much hassle." He continues, the shares "have attractions, particularly for any investor keen on an internet recovery play". The shares remained unchanged at 10am on Monday at 16.5p.
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.
Mears Group (MER) - Trading Statement.
Minco (MIO) - Interim Results.
Look Out For This Week
27 Jan - Minco (I)
28 Jan - Aukett (F), US Consumer confidence (Jan), New home sales (Dec).
29 Jan - US FOMC decision.
30 Jan - UK Consumer credit and mortgages (Dec), US GDP (Q4).
31 Jan - Osmetech (I), Eurozone CPI inflation (Jan), Jap unemployment
(Dec)
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.
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