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Penny Share Review 276

07 March 2005

Press

Comment on Bits Group’s (BIT.L) Constantine game, linked to the Warner Bros film of the same name, makes it into Monday’s Independent and the games success is being closely tied to that of the film. The price increase of 0.88p to 10.63p in Monday morning’s trading could be a sign of further interpretation of this news.

This Weekend’s The Business comments on encouraging results from Electric Word (ELE). A doubling in turnover, improved profit and a strong cash position all point towards the fact that there is perhaps “further to go.” An increase of 1.00p sees their price move to 9.00p this morning.

Saturday’s Daily Express links the positive performance of Formjet (FMJ), in which Envesta Telecom (EVS) holds a stake, to the recent rise in the shares of the latter.

Flintstone Technologies Plc (FLT.L) featured in Monday’s Daily Express in which commentary is provided on investee company Hardide Ltd’s placing to raise £1.75m. The funds are said to be required for investment into the location of new customers and expansion, with a possible new site in Texas, America. The application of the Company’s innovative product to the Oil and Gas industry is summarised but consideration of a variety of further uses, within the aerospace arena for example, are also suggested. The shares were up 1.25 at 10.75p in trading this morning.10.75p could be seen as positive market sentiment following the placing and the Company’s future intentions.

Saturday’s Independent mentions the use of cash raised by Petrel Resources (PET) in development of the Company’s assets in Iraq and Jordan. The shares were up 0.50p at 51.50p.

ReGen Therapeutics’ (RGT) U.S. Patent win for its Colostrinin drug was credited by Saturday’s Daily Express for a boost in their price. However, in trading this morning the shares are down 0.03p at 1.95p.

An increase in Scotty Group’s shares was pinned on expectations, reported in Saturday’s Daily Express, of a possible Dutch order. Trading saw a rise of 0.33p to 3.25p. Sopheon Plc’s (SPE) recent Cadbury Schweppes contract win could be a boost to the shares, according to The Independent on Monday. The shares were up 2.75p at 32.75p.

Monday morning prices above were taken near to 11.00am on 7th March 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.

Black Rock Oil and Gas Plc (BLR): Drilling Report.

Flintstone Technologies P (FLT.L): Hardide Ltd AIM Flotation.

Hereward Ventures (HEV.L): Drilling Operations.

Multi Group Plc (MLT): Acquisition.

Net b2b Plc (NEB): Interim results.

Northern Petroleum Plc (NOP): Commencement of Drilling Operations.

Ormonde Mining Plc (ORM): Final Results.

Sareum Holdings Plc (SAR): Rule 2.10 Announcement.

Sopheon Plc (SPE): Contract win with Cadbury Schweppes

Symphony Plastics (SYM): Saudi Distribution Agreement.

Tanfield Group Plc (TAN): Contract Wins.

Wigmore Group (WGT.L): Directorate Change.

Look out for this week

Monday 7th March – U.S. jobless rate released.

Tuesday 8th March – Final results for Claims People.

Wednesday 9th March – Final Results for 1st Dental.

Thursday 10th March – UK Interest rate decision.

Friday 11th March - Nothing of note.

The next Penny Share Review will be posted on Monday, 14 March 2005.

Compiled by Chris Richards.


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