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Penny Share Review 268

10 January 2005

Press

Saturday’s Daily Express mentioned a 2p gain on Friday for Gladstone (GLD), on the back of word that trading has been ‘robust’ and that public and private sector order books look encouraging. After these gains, the shares marked time at 24.25p in early trade today.

Monday’s edition of The Independent seemed a bit frustrated with Matrix Communications (MXC.L), particularly the Group’s reticence regarding the value of a contract won with “a mobile phone giant, believed to be Vodafone”. Matrix released its results today and the details still weren’t itemised, but discretion is a valuable watchword. Having digested the results, the market may be witnessing some profits being locked-in and the stock was down 1.5p at 224.5p.

Speculation regarding a potential tie-up with Easynet prompted a rise in the share price of Pipex Communications (PXC.L) last week, noted Saturday’s Daily Telegraph. Approximately 16.7m Pipex shares changed hands during the course of Friday and the market was lively again today, with the shares up 0.13p to 8.5p.

Belief that a maiden dividend is due from SectorGuard (SGD) drew the attention of The Independent on Monday. The Company has grown organically and by acquisition, aiming to consolidate a fragmented market, with recent moves into the West Midlands. A dividend would demonstrate the strength of cash flow and all will be revealed in tomorrow’s results. In anticipation of the announcement, the equity pushed up another 0.13p to 4.25p as it continued its recovery.

Monday’s prices, quoted above, were taken at 09:37 on 10 January 2005.

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.

African Eagle (AFE) – Drilling results from Igurubi Gold Project, Tanzania.

Alltracel Pharmaceuticals (AP.L) – Fourth Quarter 2004 and Full Year Trading Update.

Aquilo (AQL) – Restoration of the shares to AIM.

Eurovestech (EVT) – Re contract for investee company, KSS.

IDN Telecom (IDN) – Notice of Results on 31 January 2005.

Matrix Comunications (MXC.L) – Results for the year ended 31 October 2004.

Planestation (PTG) – Petition served by ex-Director Oliver Iny.

Raft International (RFT) – Results for the year ended 31 October 2004.

Real Estate Investors (RLE) – Completion of a £7.6m financing facility with Norwich Union.

Look out for this week

Monday, 10 Jan – Raft International (RFT), Matrix Communications (MXC.L) Preliminary Results. British Retail Consortium sales monitor (Dec), UK producer prices (Dec), ODPM house prices (Nov).

Tuesday, 11 Jan – SectorGuard (SGD) Preliminary Results.

Wednesday, 12 Jan – UK Trade in goods and services (Nov); US Trade Balance (Nov).

Thursday, 13 Jan – Bank of England Meeting, UK Industrial Production (Nov); US jobless claims, retail sales (Dec).

Friday, 14 Jan – US business inventories (Nov), industrial production (Dec).

The next Penny Share Review will be posted on Monday, 17 January 2005.

Compiled by Andrew Thacker.

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