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Penny Share Review 277

14 March 2005

Press

The Sunday Telegraph urged readers to “take a look at” African Diamonds (AFD) following encouraging test results from the Company. Rumours regarding the identity of its partner in the project as DeBeers and speculation that there is consideration of a buy out, conclude the Telegraph’s piece, with the paper recommending the shares as a “Buy.” Monday morning’s trading saw an increase of 3.50p to 62.5p. Interregnum (ITR.L) featured in Monday’s Daily Telegraph, which reports on the Company’s deal with DestiNY USA as an advisor on its 800-acre technology tourist park. Interregnum will assist in the sales model for the proposal, America’s largest construction project, and with raising funds for new-featured technology. Trading this morning saw an increase of 0.50p to 7.63p.

Maclellan Group (MLG) appeared in The Independent on Saturday, which reported on the likelihood of a takeover of the Group being inevitable as, even if the current deal doesn’t go ahead, it could well lead to similar scenarios in the future. The shares are unchanged at 81.25p.

Amidst much press coverage, Saturday’s Daily Mail provided commentary on Mean Fiddler (MEF.L) founder Vince Power’s plan to sell his 35% stake in the Company to American firm Clear Channel for £13m. The Daily Telegraph on Saturday went on to speculate that investors may be hesitant in interpreting this as good news following a similar situation in September 2004 when Power had a last minute change of heart. So far, the news appears to have had little effect on the share price, which remains at 54.5p this morning.

The Independent on Saturday speculated that Profile Media (PMD) is in need of more cash, with their current banking agreement running until May. This has been extended, however, which the article suggests could be an encouraging sign of a solution being in sight. Profile is trading at 0.83p this morning.

The Independent on Saturday mentioned Scotty Group’s (SCO) search for a new chairman. Currently unchanged at 3.25p. An increase to 13.50p for Sira Business Services (SIB.L) following news of a 14.50p-a-share offer from Securiplan was reported in Saturday’s Daily Telegraph.

The Daily Mail on Saturday mentioned positive movement for Trio Holdings (TRN.L) following a cash offer from RP Martin. Trio remain level at 31.25p this morning.

A share price increase for Vianet Group (VIA) was linked to talk of a possible deal with Compass Group in The Guardian on Saturday. Vianet are up 0.50p this morning at 7.50p.

Monday morning prices above were taken near to 11.00 on 14th 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.

Cambridge Mineral Resources Plc (CMR): Pre-feasibility Study.

Claims People Group Plc (CLM.L): Holding(s) in the company.

Deal Group Media Plc (DMG): Notice of Results.

Entertainment Rights Plc (ERT): Final Results.

Interegnum Plc (ITR.L): Commercial Agreement with DestiNY USA ™.

Tanfield Group Plc (TAN): Major Contract Win.

Look out for this week

Monday 14th March – Final results for Entertainment Rights.

Tuesday 15th March – Nothing of note.

Wednesday 16th March – UK Budget. Final results for Advanced Medical Solutions.

Thursday 17th March – UK retail sales.

Friday 18th March – BBA Mortgage lending.

The next Penny Share Review will be posted on Monday, 21st March 2005.

Compiled by Chris Richards.

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