Penny Share Review:

• Issue 474 : 05 Jan 2009
• Issue 473 : 29 Dec 2008
• Issue 472 : 22 Dec 2008
• Issue 471 : 15 Dec 2008
• Issue 470 : 08 Dec 2008
• Issue 469 : 01 Dec 2008
• Issue 468 : 24 Nov 2008
• Issue 467 : 17 Nov 2008
• Issue 466 : 10 Nov 2008
• Issue 465 : 03 Nov 2008
• 2009 Archive
• 2008 Archive
• 2007 Archive
• 2006 Archive
• 2005 Archive
• 2004 Archive
• 2003 Archive
• 2002 Archive

Penny Share Review 279

29 March 2005

Press

The Independent on Friday recapped on Corpora’s (CP.L) results statement and highlighted the narrowing of interim losses from £2.6m to £2.3m. The shares gained a penny to 21.50p this Morning.

The Sunday Express alerted readers to the forthcoming publication of results from Deal Group Media (DGM). The Internet continues to be the fastest growing advertising medium and is now larger than cinema advertising and level with radio, the paper reported. The market responded well to the results announcement on Tuesday, ticking up by 0.75p to 22.50p.

The ‘Week in Review’ column of Saturday’s Independent explained that there are still many hurdles to overcome for Oxford Biomedica (OXB), before its cancer vaccine reaches the commercialisation stage, such as the appointment of a bigger company as co-founder and development partner. The paper cautiously advised private investors to wait for the appointment of a partner before investing. Oxford BioMedica shares fell back a quarter of a pence to 20.75p today.

The Boardroom reshuffle at Red Squared (RDS) gained a small mention in the Independent from Friday. The shares remained unchanged at 9.75p on Tuesday.

According to the share whisper column of Friday’s Daily Express, the shares in Sareum (SAR) perked up the previous day, on hopes that details about a takeover will soon be announced. The shares stood still at 2.75p on Tuesday.

The market report section of Friday’s Daily Express noted that Stanelco (SEO) rose on Thursday, after the announcement of a 12-month deal with Asda. The stock remained unchanged at 18.00p this Morning.

Zyzygy (ZYZ) gained a small mention in Friday’s Daily Express, in relation to takeover talk at Sareum, as the Company holds a 20% stake in the drugs discovery group. Shares in Zyzygy remained unchanged at 0.85p on Tuesday.

Friday’s Daily Express reported on dealer expectations of a rally this week in Aerobox (ARX), after the clearing out of a big seller. The rally has yet to materialise, as the shares moved 1.88p lower to 12.63p this morning.

The ‘Rumour of the day’ column of Saturday’s Times reported Paramount (PMN.L) is close to announcing a recommended 35p a share offer from a consortium led by its Chairman Guy Naggar. Dealers believe a bid could be announced within the next fortnight. The rumour failed to move the shares, which stood at 30.50p on Tuesday morning.

Tuesday morning prices above, were taken just before 11.00 on 29 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.

Corpora (CP.L) – Change of Adviser

Cheerful Scout (CLS) – Interim Results.

Deal Group Media (DGM) – Final Results.

Europa Oil & Gas (EOG) – Operational Update.

Gaming King (GGK) – Directorate Change.

Media Square (MSQ) – Additional Listing.

Reversus (REV.L) – Acquisition & Interim Results.

Sareum Holdings (SAR) – Interim Results.

TripleArc (TPA) – Holding.

Look out for this week

Tuesday 29 March – Deal Group Media finals results.

Wednesday 30 March – Teleunit interim results and US GDP.

Thursday 31 March – UK Consumer credit and Eurozone inflation.

Friday 1 April – UK Manufacturing and US Non-farm payrolls.

The next Penny Share Review will be posted on Monday, 4 April 2005.

Compiled by Jason Robertson

Penny Shares Online - penny shares research and information service.