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Penny Share Review 292

27 June 2005

Press

The share price of Alliance Pharma (APH) saw improvement on news that Nigel Wray has increased his holding in the Company to 6%, according to Saturday’s Daily Mail. This momentum appeared to continue, as the shares moved further forward by 1.25p to 18.50p during Monday morning trading.

The Independent on Saturday reported that news of a £1.2m full-year loss was the reason for poor share price performance from Aquilo (AQL). No further downward movements were seen this morning, as the shares remained unchanged at 2.10p.

Bede (BED) featured in this weeks Mail on Sunday in a piece, which suggested that the Company is planning to double turnover this year. Monday morning’s session saw no change in the share price of 34.75p.

Broker KBC Peel Hunt suspects that shares in Ennstone (ENN) may hit 56p following recent takeover activity in the sector, according to the Mail on Sunday, and note was made of ‘good progress’ in the integration of Johnstone, acquired last year. The market appeared to share this positive sentiment for the Company, as its share price was seen to increase by 0.25p to 40.50p this morning.

The recent deal with Time Warner was described as a ‘landmark’ by the Mail on Sunday for Entertainment Rights (ERT) in an article detailing that marketing activities are being stepped up on the back of Postman Pat’s new found exposure to up to 35 million US homes. The sale of HIT Entertainment for £489m was also mentioned as a contributory factor in the share price buoyancy, although no change was seen this morning as the price remained at 30.50p.

The Independent on Saturday contained an article, which provided commentary on the endeavours of Jim Slater and Galahad Gold (GLA). The piece noted the Company’s 24% interest in North America’s largest gold location and 91% share of Molybdenum, a company expected to come to AIM in the future, but expressed the seeming reluctance of the market to buy into the story. Another of Galahad’s problems was outlined, being the high cost of financing its projects. Nevertheless, the share price remained unchanged at 10.38p this morning.

Gaming Corporation (GMC.L) featured in the Sunday Mail, which commented that the acquisition of Newbold, making it the largest online gaming portal, would prove to be lucrative for the Company. Director share buying was also detailed and positive share price movement was seen on Monday morning as the shares improved by 0.50p to 15.25p.

River Diamonds (RVD.L) shares were driven on by news of Director share-buying activities, according to The Independent on Saturday. However, this drive appeared to subside, as the shares remained at 2.38p during Monday Morning. The Daily Express on Saturday reported that a share price increase in Virotec International (VTI) might have been aided by rumours of a major contract win in the US. Despite this news, the shares remained unchanged at 31.75p this morning.

Saturday’s Telegraph reported speculation surrounding the possibility that a new deal could be close at hand for Voss Net (VOS). The shares enjoyed a positive movement of 0.25p as they reached 2.75p this morning.

Monday morning prices were taken just after 10.30 on 27 June 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.

Access Intelligence (ACC) – Notice of Results.

Croma Group (CMG) – Major Contract Win.

Energy Technique (ETQ) – Change of Adviser.

Gaming Corporation (GMC.L) – Trading Statement.

Multi Group (MLT) – Final Results.

ReGen Therapeutics (RGT) – Research Update.

Look out for this week

Monday 27 June – UK BBA Mortgage approval.

Tuesday 28 June – Hardide Interim Results. Europa AGM. US Consumer Confidence.

Wednesday 29 June – UK Consumer Credit and Mortgages and HSBC Consumer Index. US GDP (Q1).

Thursday 30 June – UK National Accounts and Current Accounts.

Friday 1 July – Eurozone Unemployment. US Michigan Sentiment. UK Manufacturing PMI.

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

Compiled by Chris Richards

Penny Shares Online - penny shares research and information service.




Risk Warning

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.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.