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Penny Share Review 203
Monday 29 September 2003
Interim results from Motion Media (MMD.L) are reported in a few of Saturday's newspapers. The FT provided a brief review of the results, which highlighted that costs had been cut on flat sales of £1m, while the Guardian picked up on Charles Stanley's comments. The broker described the headline results as disappointing, with revenues down 4% and summarises, "Motion Media remains a company with a great product, but with a limited track record on commercialisation". The shares were off by 0.25p this morning at 12p from Friday's close.
The sports pages of Saturday's Daily Express feature comments made by Freddie Shepherd, chairman of Newcastle Football Club about Proactive Sports (PAS.L). He is quoted, "I have no problem with Paul Stretford, in fact they are our preferred agents. I am more than happy with our relationship with Proactive." His words have done little to stir investors this morning, as the shares remain unchanged from Friday's close of 6.13p.
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.
Bede (BED) - Interim results.
Dragon Oil (DGO) - Interim results.
Griffin Mining (GFM) - Interim results.
Invox (INX.L) - Change of Adviser.
Legendary Investments (LEG) - Final results.
Mean Fiddler (MEF.L) - Interim results.
Netcall (NET) - Final results.
Roxspur (RXS.L) - Final Results.
Look Out For This Week
September 29, Monday - UK Consumer credit, Mortgage lending (Aug).
September 30, Tuesday - Maclellan (I), UK GDP, Eurozone inflation.
October 1, Wednesday - Fairplace Consulting (F), UK CBI retail sales (Sep), Eurozone unemployment (Aug).
October 2, Thursday - ECB interest rate decision.
October 3, Friday - US unemployment.
The next Penny Share Review will be posted on Monday, 6 October 2003.
Compiled by A 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.