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Penny Share Review 317
20 December 2005
Press
Access Intelligence (ACC) was one of the companies that made up The Independent’s ‘No Pain, No Gain’ portfolio and in Saturday’s edition this was reviewed. The article suggested the Company had lost ground despite doing nothing wrong and that online tipster, Whatshot.com, reckons the share price could be 9p by February. Monday morning’s trading saw no change to the share price, as it remained 6.38p.
The Independent on Saturday featured Air Music and Media (AMU) remarking that investors should remain cautious and that it is too early to say how successful the Christmas period has been. Nevertheless, the share price remained unchanged at 2.00p this morning
The Daily Mail on Saturday remarked that shares in ADDLeisure (ADE) had benefited from an upbeat statement by the Chairman at its recent AGM, commenting that the Fitbug subsidiary had been adopted by a number of blue chip organisations. The share price remained unchanged at 2.75p this morning.
Entertainment Rights (ERT) and Ennstone (ENN) were both mentioned in The Mail on Sunday, having comprised part of its Midas 2005 selections. Both of the companies were noted as providing a profit to the portfolio, however Entertainment Rights remained 34.00p while Ennstone rose by 0.25p to 38.50p during this morning’s session.
The Independent on Saturday noted that shares in Oxus Gold (OXS) had improved, regardless of RAB Capital’s sale of 2m shares and this momentum continued into Monday morning’s trading, as the share price added 1.50p to 78.00p.
Oxford BioMedica (OXB) comprised part of the Daily Mail on Saturday under the headline ‘Broker buys’, which highlighted Evolution’s tip to buy the shares at 26p, due to the Company’s strengthened balance sheet and improved negotiation position as a result. This sentiment appeared to continue, as the share price added 0.25p to 29.00p this morning.
Provexis (PSX.L) appeared in the Weekends FT, which provided commentary on the launch of Sirco, scheduled for next month, through an initial distribution base of 2 UK supermarkets. The piece went on to mention that discussions are ongoing with other retailers and the share price increased by 0.25p to 6.88p this morning, following this press attention.
The Sunday Telegraph invited its readers to ‘take a look’ at Ten Alps (TAL), reporting that its recently appointed brokers predict earnings will double in the coming year. There was also talk that the Company is looking for acquisition and the article concluded, although risky, the shares could be worth a punt. Furthermore, the market appeared to reflect this notion during trading this morning, as the share price increased by 0.50p to 51.00p
Virotec International (VTI) appeared in Saturday’s Daily Mail, which reported worries about its first contract, the Interstate 99 highway, following delays to trial orders and the fact that Penn State University scientists believe they have a cheaper and better solution than the Company’s offering. These claims were dismissed by Virotec, however the share price fell by 0.50p to 27.75p this morning.
Monday morning prices were taken around 10.30am on 19 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.
African Eagle Resources (AFE): Drilling Report.
Coolabi (COO): Agreement with Hammer Films.
Desire Petroleum (DES): Drilling Update.
Namibian Resources (NBR): Directorate Change.
Oak Holdings (OAH): Warrants.
SRS Technology (SGY.L): Issue of Ordinary Shares.
Tanfield Group (TAN): Placing.
Look out for this week
Monday 19 December – Eurozone industrial production (October).
Tuesday 20 December – RICS house price survey (November). US Producer price inflation (November).
Wednesday 21 December – UK MPC Minutes (December). US GDP final revision (Q3).
Thursday 22 December – UK GDP final revision (Q3).
Friday 23 December – US Michigan consumer sentiment survey (December).
The next Penny Share Review will be posted on Tuesday 3 January 2006.
Compiled by Chris Richards.
Penny Shares Online - penny shares research and information service.
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.
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