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Penny Share Review 314

28 November 2005

Press

Shares in Coffeeheaven (COH) benefited from the fact that Fidelity emerged as holder of an 8.75% stake, resulting from the recent fundraising, according to Saturday’s Times and this continued during Monday morning, with the shares adding a further 0.25p to reach 12.50p.

Rumours of a possible change of broker from Bridgewell to Teather and Greenwood were held responsible for an increase in the share price of Earthport (EPO) by Saturday’s Daily Mail and this momentum appeared to spill over into Monday morning’s trading, as a further increase of 4.25p was witnessed taking the shares to 43.00p.

FfastFill (FFA) appeared in Saturday’s Express, which commented on the Chairman and Chief Executive’s decisions to buy 1m shares on Wednesday, as the price fell to what the article described as an 18-month low. Nevertheless, the share price sat unchanged at 3.88p this morning.

Gaming Corporation (GMC.L) was featured under the ‘Broker buys’ section of Saturday’s Daily Mail, with Teather & Greenwood’s view that the Company is a buy at 13p due to strong growth prospects, while the Sunday Telegraph invited readers to ‘take a look’ at the Company as Cannacord, the house broker, predicts that profits will grow. The article concluded with a speculative buy rating and following this media attention, the shares moved forward by 0.50p to 13.00p this morning.

The Sunday Telegraph reported that Oak Holdings (OAH) will be bringing the European ‘SupperClub’ concept and brand to the UK, EC1 in fact (please see the announcement below). The article noted that diners recline on cushions and beds rather than at conventional style tables and enjoy stage performances as the evening progresses. Interpretation of this news seems to be positive so far, as the share price has increased by 0.13p to 1.63p following the release from the Company this morning.

The Daily Express on Saturday remarked that hope of a breakthrough in the US sales market, following the appointment of Haytham ElZayn’s as a Non Executive Director of Pentagon Protection (PPR) due to his position as the President of a US vehicle warranty company, assisted positive movement in the share price. This view was shared by Saturday’s Guardian, commenting that his contacts could soon lead to contracts, but this speculation was unable to move the share price, which remained unchanged at 3.75p during Monday morning’s session.

PLUS Markets (PMK) appeared in the Daily Mail on Saturday, which suggested that momentum is mounting ahead of the launch of its trading service that could challenge the LSE’s monopoly on trading in small companies in the New Year. This appeared to continue, as a further increase of 1.38p occurred this morning moving the share price to 23.63p.

The weekend’s Financial Times provided commentary on the investigation by the Serious Fraud Office into the disappearance of £365m cash from Langbar, the Company that planned to takeover Real Affinity (RAF) in an all share deal. It reported that initial investigation has indicated that fraud appears ‘likely’ and that the takeover panel has agreed to allow the deal to lapse. Shares in RAF, however, did manage to add 0.01p to 0.26p amid this uncertainty this morning.

Monday morning prices were taken just before 10.30am on 28 November 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.

Cheerful Scout (CLS): Final results.

CybIT Holdings (CYH): Interim results.

Eckoh Technologies (ECK): Interim results.

Global Marine Energy (GME): Keppel Fels order.

Intellego Holdings (IHP): Business update and Placing of Shares.

Knowledge Technology Solutions (KTS): AGM Statement.

Oak Holdings (OAH): Expands consultancy activity.

Look out for this week

Monday 28 November – Final results from Cheerful Scout (CLS). Interim results from CybIT Holdings (CYH) and Eckoh Technologies (ECK). Hometrack UK House Price Survey.

Tuesday 29 November – Nationwide House Price Survey and Consumer Credit / Mortgage Lending Figures.

Wednesday 23 November – November Consumer Confidence Index.

Thursday 24 November – November CIPS Survey.

Friday 25 November – November CIPS Construction Industry Survey.

The next Penny Share Review will be posted on Monday 5 December 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.