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Penny Share Review 316

12 December 2005

Press

Cambridge Mineral Resources (CMR) appeared in the Sunday Telegraph, which reported that a lack of progress from activities in Spain and Bulgaria had frustrated investors, but that the Company was now looking to take advantage of high gold prices with acquisitions in Peru and Colombia, concluding that it could be worth “… giving Cambridge another chance. Buy.” Positive movement to the share price of 1.00p was witnessed during this morning’s session, as the shares reached 5.38p following this media attention.

Today’s Independent featured an article regarding Coolabi (COO), speculating that the Company is planning to grow its relationship with Hammer Films further by developing figurines, cards and stamps relating to its brands. The piece went on to say that the hope is for further additions to its portfolio, including the ‘Somebunny to Love’ character, which will appear on greetings cards and that high hopes are pinned on ‘P.C. Pepper’, assuming it gets commissioned. However, the article concluded by suggesting that the Company is unlikely to become profitable without further equity fundraising. Nonetheless, this attention failed to influence the share price either way, as it remained at 3.75p this morning.

The Daily Mail on Saturday noted an improvement in the share price of Northern Petroleum (NOP), following Investec’s appointment as advisor to the Company, while The Mail on Sunday reported that some investors felt that disappointment on the Isle of Wight was a ‘minor problem’ considering that the Company’s assets are elsewhere. This momentum failed to carry over into Monday morning’s trading, however, as the shares remained unchanged at 44.00p.

Scotty Group (SCO) benefited from an improved share price further to speculation that ‘major contracts’ were on the way, according to Saturday’s Daily Express. Furthermore, this sentiment appeared to continue, as the shares increased by 0.03p to 1.80p this morning.

Monday morning prices were taken around 10.30am on 12 December 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.

Air Music & Media (AMU): Interim Results.

Central China Goldfields (GGG): Exploration Update.

Conder Environmental (CDE): Interim Results.

IDOX (IDOX): Final Results.

iTrain (IRN.L): Re Agreement.

Mercury Group (MGP): Contract Win.

Symphony (SYM): Director Shareholding.

Look out for this week

Monday 12 December – Interim Results from Air Music & Media (AMU). Final Results from IDOX (IDOX). BRC London Retail Sales Monitor.

Tuesday 13 December – Final Results from Image Scan Holdings (IGE) and Hardide (HDD). CPI (November).

Wednesday 14 December – Labour Market Report.

Thursday 15 December – Retail Sales (November).

Friday 16 December – Nothing of note.

The next Penny Share Review will be posted on Monday 19 December 2005.

Compiled by Chris Richards.

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