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Penny Share Review 186

Monday 02 June 2003

Energy Technique (ETQ) - After the recent profits warning, the Sunday Telegraph reckon's most of the fizz has gone out of the shares, such that it may now be a good opportunity to invest in the germ-killing air conditioning technology company. The paper concludes, "Brave investors should have a look". By 9.58am on Monday the shares had advanced by 2p to 15p, representing a rise of 15% since Friday.

GB Group (GBP) - The technology company is mentioned as one of three stocks in the "Weekend Share Watch" column of the Financial Times, and is reported to be "making friends in the City" following May's strong set of results. The pink broadsheet concludes, "The shares may have further to go as the Group wins customers for its new identification software. The stock continued its post results rally on Monday morning, moving up 0.25p at 10.00am to 18p.

Mice Group (MEG) - From the Daily Mail on Saturday we learnt that SQC Research recommends Mice Group as a 'Buy' at 61p, as it is said to be lining itself up for a bold and creative acquisition. Mice Group shares rose by 4.5p from last week's closing price to trade at 71.5p at 9.58am this morning.

Mears Group (MER) - The Broker's column of the Saturday Telegraph reports on Charles Stanley's buy note on Mears at 95p. Good cash generation, consistent performance and a £300m order book are all mentioned as positive signs. Shares in the Group notched up a 2.75p rise to 100p as at 9.58am on Monday.

Motion Media (MMD.L) - Both the Independent and Times on Saturday report on rumours that Cisco Systems is set to endorse the Group's flagship videophone and of possible news of a large order. The stock traded at 3.88p at 9.59am Monday, and remains unchanged so far today.

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.

Propan Homes (PPH.L) - Acquisition financing options.

Look Out For This Week

2 June - UK Manufacturing.
3 June - Nothing of note.
4 June - UK Services PMI and CBI Retail services.
5 June - UK and Eurozone inflation rate decisions.
6 June - US non-farm payrolls.

The next Penny Share Review will be posted on Monday, 9 June 2003.

Compiled by J Robertson

Penny Shares Online - penny shares research and information service.




Risk Warning

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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