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Penny Share Review 287
23 May 2005
Press
An admission that trading has proved difficult for Invox (INX.L) since earlier in the year caused a weakening in the share price, according to Saturday’s Independent and this view was shared by The Daily Telegraph on Saturday. Trading this morning compounded this theory, as the share price reduced by 8.50p to 120.50p.
The Sunday Express reported good news from Metals Exploration (MTL) in the shape of an upbeat drilling report form its interests in the Philippines. The results alluded to a potential 240 million tonnes of ore being present at a rate of 1.4 grams of gold per tonne. Nevertheless, this development was unable to change the share price, which remained at 9.88p during Monday Morning’s trading. Monday morning prices above were taken near to 10.00 on 23rd May 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 Resources (AFE) – Joint Venture in Zambia.
Ovoca Resources (OVG) – Drilling Results.
Patsystems (PTS) – Agreement with Trading Technologies.
smartFOCUS Group (STF) – AGM, Trading Statement and Contract Win.
Stanelco (SEO) – Re Contract.
Look out for this week
Monday 23rd May – Nothing of note.
Tuesday 24th May – Advanced Medical Solutions AGM. US Existing Home Sales.
Wednesday 25th May – UK GDP First Revision.
Thursday 26th May – NWD Group Final Results. US GDP Q1 and Jobless Claim.
Friday 27th May – UK BBA Lending Data. Us Personal Income and Spending.
The next Penny Share Review will be posted on Tuesday, 31st May 2005.
Compiled by Chris Richards.
Penny Shares Online - penny shares research and information service.
There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.
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