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Penny Share Review 288
31 May 2005
Press
Several newspapers on Saturday commented on the rise in the shares of London Asia Capital (LDC) on Friday, after it revealed it had a 2.8% stake in the recent Ofex listed company, Betex. As the Financial Times highlighted, LDC’s stake in the online football betting company is worth over £300,000. The shares traded unchanged this morning at 16.00p.
Both the Independent and Daily Mail on Saturday briefly noted that Northern Petroleum (NOP) rose 1.75p on Friday, after it revealed drilling would soon be under way on the Sandhills-2 site on the Isle of Wight. Shares in the oil and gas explorer moved higher by 0.63p on Tuesday to 9.88p.
“Institutions are now taking a much closer look… ” at GB Group (GBG), the Daily Mail reported on Saturday, leading to a 6p rise in the share price on Friday. The paper believes the Group “should prosper”, as “ID stealing is currently a red hot topic in crime ridden Britain… ”. Meanwhile, on the same day, the Daily Express had a different take on Friday’s rise, believing that bid talk had boosted the shares. The stock continued its advance this week, rising by 1.25p to 41.25p on Tuesday Morning ahead of its expected results announcement on Wednesday.
Tuesday morning prices above were taken just after 10.15 on 31 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.
Claims People (CLM.L) – AGM Statement.
Entertainment Rights (ERT) – Agreement.
Gippsland (GIP) – Holding.
Griffin Mining – (GFM) – Caijiaying update.
Mos International (MOS) – Board appointments.
Pipex Comms (PXC.L) – Statement re Microsoft link up.
Real Estate Investors (RLE) – Issue of Equity.
Tertiary Minerals (TYM) – Interim results.
Look out for this week
Tuesday 31 May – Producer Price Index, Tertiary Minerals (Interim results).
Wednesday 1 June – M4 lending and Consumer Credit. GB Group (Final results).
Thursday 2 June – Construction Sector PMI.
Friday 3 June – River Diamonds (AGM).
The next Penny Share Review will be posted on Monday, 6 June 2005.
Compiled by Jason Robertson
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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