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Penny Share Review 304

19 September 2005

Press

The Independent on Saturday commented upon a positive outlook statement as being a catalyst in the increase of Buckland Group (BUC) shares and this momentum continued into Monday morning’s trading, as the shares added 0.02p to 0.19p.

Comment on Caledon Resources (CDN) appeared in the The Times on Saturday, which surmised that a rally for Eldorado shares in Toronto, in which Caledon holds a stake, aided an increase in its share price. However this was short lived as the shares fell 0.13p to 3.50p this morning.

The Sunday Telegraph’s ‘Small Cap Comment’ noted that Griffin Mining (GFM) could be cash flow positive over the next 6 months and that its mine near Beijing is operating profitably. The article, which recalled that the Company has been recommended by The Telegraph twice previously, concluded with a ‘keep buying’ rating and this momentum carried over into Monday morning’s session as the price rose by 0.75p to 38.75p.

Under the headline ‘Broker buys’, the Daily Mail on Saturday included MOS International (MOI.L) and relayed Corporate Synergy’s buy recommendation at 0.53p, at a discount to large US oilfield equipment groups. Monday morning’s trading saw a positive move of 0.05p as the shares reached 0.56p.

Saturday’s Independent suggested that positive share price movement for shares in Regen Therapeutics (RGT) could be down to hopes that good news might be on the way following the recent fundraising, while a further improvement of 0.03p to 1.33p was witnessed this morning as the momentum continued.

The weekend’s Financial Times featured Times trip (TIME) in an article that made particular note of a product labelling trial soon to commence in the UK with Nestle, also noted by Saturdays Independent. The purpose of these trials is to integrate the company’s strips into offerings to the catering trade and the FT’s piece also noted that maiden interim results are to be announced on Friday. Amidst this media attention, the shares enjoyed a forward movement of 0.63p to 6.13p this morning.

Monday morning prices were taken near to 10.00am on 30 August 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.

Cytomyx Holdings (CYX): Distribution Business Sale.

Gippsland (GIP): Abu Dabbab Project.

IDOX (IDOX): Statement re Contracts.

Net b2b2 (NEB): Acquisition.

Oxus Gold (OXS): Production starts at new mine.

Surgical Innovations Group (SUN): Re Agreement.

Teleunit (TLU): Interim Results.

Sareum Holdings (SAR): Preliminary Results.

Look out for this week

Monday 19 September – Teleunit Interim Results. UK Rightmove house price index.

Tuesday 20 September – Chelford, Ennstone and Oxford BioMedica Interim Results. UK RICS house price survey.

Wednesday 21 September – UK Minutes of The Bank of England September MPC meeting.

Thursday 22 September – NXT Interim Results. UK CBI monthly industrial trends.

Friday 23 September – Alltracel and Eckoh Technologies AGM’s.

The next Penny Share Review will be posted on Monday 26 September 2005.

Compiled by Chris Richards.

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