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Penny Share Review 308

17 October 2005

Press Claims People (CLM.L) suffered a fall in its share price after house broker Seymour Pierce decided to cut its recommendation from ‘Buy’ to ‘Hold’ due to a belief that benign weather in the UK will impact the Company’s financial performance, according to Saturday’s Independent. This was also mirrored in Saturday’s Express, however, no further negative movement was witnessed during this morning’s session, as the shares remained at 1.63p.

Saturday’s Guardian featured Oxford BioMedica (OXB) in an article that suggested an improvement in the share price was due to the expectation of positive TroVax trial results (See announcement below). Mention was also made of a possible deal with Pfizer, but this momentum soon subsided, as the price dropped by 1.00p to 42.00p this morning.

Monday morning prices were taken just before 10.30am on 17 October 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.

Entertainment Rights (ERT): Re Contract.

Formjet (FMJ): License Extension.

Galahad Gold (GLA): Update on Pebble Project.

ID Data (IDD): Holdings in Company.

Oxford BioMedica (OXB): Final Phase II Results.

Plus Markets (PMK): (Dow Jones Newswire) Group to Extend Trading Services.

Zi Medical (ZIM.L): Trading Statement.

Look out for this week

Monday 17 October – London Retail Sales Monitor.

Tuesday 18 October – RICS House Price Survey. September Consumer Price Index.

Wednesday 19 October – Bank of England October Meeting Minutes.

Thursday 20 October – September Retail Sales and Mortgage Lending Data.

Friday 21 October – Q3 Preliminary GDP.

The next Penny Share Review will be posted on Monday 24 October 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.