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Penny Share Review 275

28 February 2005

Press

The market report section of Saturday’s Independent and Daily Telegraph, briefly noted that January sales at Earthport (EPO) were the highest yet and that £2m in funds are expected to be secured from investors by the end of March. The shares dropped back by 0.03p to 1.25p on Monday morning.

Gaming Corporation (GMC.L) gained a small mention in a full-page article in the Sunday Times that explained about the booming online poker market and the listed companies supplying it. The paper noted that the stock rose 21.6% after plans were announced to launch a poker based Internet portal called Findpoker.com. The stock advanced again this morning to 21.88p, representing a gain of 2.88p from Friday.

The Business explains about how Griffin Mining (GFM) has built the first foreign owned and operated mine in China in 100 years. With cash now coming in from its new mine, Griffin may look more closely at gold prospects within its existing licences and at possible partnerships. The acquisition of a sizeable project in another part of China, is suggested as one possibility. The paper believes that with the mining sector still strong, the shares could have further to go. Griffin Mining shares moved a penny higher to 36.75p on Monday.

Saturday’s Guardian briefly noted the penny rise in the share price of London Asia Capital (LDC) from the previous day. The shares remained at 23.75p on Monday.

The Times on Saturday noted that Lupus Capital (LUP) added 1.25p the previous day on hopes of an imminent deal. The stock fell back a quarter of a pence to 15.25p on Monday.

According to unnamed “traders” reported by Saturday’s Guardian, Oxford Biomedica (OXB) “will be one to watch” this week. The company is said to be poised to make a positive update on its Trovax product. The shares ticked 1.75p higher to 22.50p this morning.

The publication of a 93p price target by broker Seymour Pierce for Oxus Mining (OXS) and the reinstatement of its Jeeroy licence, gained a mention in Daily Mail from Saturday. Shares in the miner moved 0.75p higher to 62.50p on Monday morning.

Monday morning prices above were taken near to 10.45am on 28 February 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.

Bits Corp (BIT.L) – Holding.

Cambridge Minerals (CMR) – Project acquisition.

Conroy Diamonds & Gold (CDG) – Interim results.

DawMed Systems (DSY) – Marketing update.

Envesta Telecom (EVS) – Product Launch.

Farsight (FAR) – Interim results.

Gaming Corporation (GMC.L) – Change of advisor.

Hotgroup (HOT.L) – Final results.

Leisure Ventures (LSV.L) – Statement re share price movement.

Media Square (MSQ) – Holding.

Minco (MIO) – Acquisition of interest.

Netb2b2 (NEB) – AGM statement.

Scotty Group (SCO) – Additional listing.

Stanelco (SEO) – Final results.

Tanfield Group (TAN) – Agreement.

Virotec International (VTI) – Interim results.

Look out for this week

Monday, 28 Feb – Conroy, Farsight, Hot Group, Stanelco and Virotec results. UK industrial production and MO money supply.

Tuesday, 1 Mar – UK consumer credit and mortgage lending.

Wednesday, 2 Mar – Eurozone producer price inflation.

Thursday, 3 Mar – US weekly jobless claims.

Friday, 4 Mar – Nothing of note.

The next Penny Share Review will be posted on Monday, 7 March 2005.

Compiled by Jason Robertson

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