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Penny Share Review 319

09 January 2006

Press

Alltrue Investments (ATR) appeared in Monday’s Daily Express, which provided comment on the 2 acquisitions announced today (please see below) and the cross selling opportunities that are hoped for, along with Chairman Leo Knifton’s belief that the business has the potential to grow to a market value of £40-£50m. Following this press attention and the earlier announcement, the shares rose by 0.13p to 1.13p this morning.

Saturday’s Daily Mail featured Electric Word (ELE) under its ‘Broker buys’ section, commenting that Panmure recommended buying the shares at 8.6p following the acquisition of Sports Business Group and The Business from the 8/9 January provided further coverage of this acquisition remarking that rapid growth is being experienced in the markets of sport, sport rights and online gaming, concluding with a ‘Buy’ rating. This momentum appeared to continue this morning, as the shares added 1.25p to reach 10.50p.

Griffin Mining (GFM) could perform well again in 2006, according to Saturday’s Independent, due to the potential of its Chinese prospect. However, regardless of this, the share price fell by 1.00p to 64.25p during Monday morning’s session.

The weekend’s FT provided a progress review of Oxford BioMedica (OXB) over 2005 and commented that there is anticipation of uplift in the share price if a licensing deal is signed for TroVax. The piece went on to note that Evolution, the house broker, forecasts losses for 2005 of £12m, but improved its price target to 45p on expectation of such news and Monday morning’s trading saw positive movement of 1.75p as the share price climbed to 33.25p.

Metals Exploration (MTL) appeared in The Independent on Saturday, which noted that the Company is a ‘punt tip’ due to the attention it is attracting through its gold activities in the Philippines. This positive coverage led to an improvement in the shares of 1.50p to 37.00p this morning.

Monday morning prices were taken around 10.30am on 9 January 2006.

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.

Alltrue Investments (ATR): Acquisitions.

Apace Media Group (APA.L): Holdings in Company.

Cambridge Mineral Resources (CMR): New epithermal zone discovery.

Coolabi (COO): Acquisition of Property Rights.

Delling Group (DLG): New Contract Win – McDonald’s.

Electric Word (ELE): Holdings in Company.

ILX Group (ILX): Trading Statement.

Provexis (PXS): Major Distribution Agreement.

Thor Mining (THR): Exploration Update.

Look out for this week

Monday 9 January – CBI / PricewaterhouseCoopers financial services survey.

Tuesday 10 January – BRC Retail Sales Monitor (Dec).

Wednesday 11 January – Trade Figures (Nov), BRC Shop Price Index (Dec) and Nationwide Consumer Confidence Survey.

Thursday 12 January – Bank of England Interest Rate Decision and DTI New Construction Orders (Nov).

Friday 13 January – NIESR GCP Estimates.

The next Penny Share Review will be posted on Monday 16 January 2006.

Compiled by Chris Richards.

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