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Penny Share Review 176
Monday 24 March 2003
The Independent and Daily Mail from Saturday comment on Friday's half a pence rise of Mean Fiddler (MEF.L), following news that tickets for Justin Timberlake's UK concerts at Wembley Arena have been sold out. The shares were unchanged this morning (10.00) at 13p.
Several newspapers on Saturday, briefly report on Seymour Pierce's (SYP.L) Friday announcement that it has agreed to sell its investment banking division to certain directors and management and return cash to shareholders. At 10.00am, the stock was unchanged on the day at 3.5p.
The Saturday edition of the Daily Mail reports briefly on Mediwatch's (MDW) fund raising and the CEO, Philip Stimpson's subscription for 320,000 shares at the Placing price of 2.5p. The stock traded at 3.125p was unchanged on the day at 10.00 Monday morning.
Today's Financial Times reports on the deadline of 10 April 2003, set by Paramount (PMN.L) for shareholders of Groupe Chez Gerard to accept 75p a share in cash or a paper alternative of 3.75 new Paramount shares. The paper says Paramount faces a possible comeback bid from founder and current chairman, Neville Abraham and managing director Simon Binder. They hope Paramount's decision to scale back its initial offer due to the FTSE 100's heavy fall since last September, will have annoyed shareholders. Paramount's shares traded at 17p mid price on Monday morning at 10.00, unchanged on the day.
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.
Envesta (EVS) - Interim Results
Hanover Capital Group (HAO.L) - Acquisition of Debt
WILink (WLK) - Final Results
Look Out For This Week
24 Mar - No relevant data.
25 Mar - Advanced Medical Solutions results.
26 Mar - No relevant data.
27 Mar - Country & Metropolitan results, UK Current Account Q4.
28 Mar - UK GFK consumer confidence.
Compiled by J Robertson
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.