Penny Share Review:

• Issue 474 : 05 Jan 2009
• Issue 473 : 29 Dec 2008
• Issue 472 : 22 Dec 2008
• Issue 471 : 15 Dec 2008
• Issue 470 : 08 Dec 2008
• Issue 469 : 01 Dec 2008
• Issue 468 : 24 Nov 2008
• Issue 467 : 17 Nov 2008
• Issue 466 : 10 Nov 2008
• Issue 465 : 03 Nov 2008
• 2009 Archive
• 2008 Archive
• 2007 Archive
• 2006 Archive
• 2005 Archive
• 2004 Archive
• 2003 Archive
• 2002 Archive

Penny Share Review 324

13 February 2006

Press

The ‘Small Talk’ column of today’s Independent reports on this morning’s trading update from First Artist Corporation (FAN). The sports and entertainment agency recorded its best ever January after completing a record number of football transfer deals. Its celebrity division placed the actress Rula Lenska in the Celebrity Big Brother house. The stock nudged 0.25p higher this morning to 7.13p.

The Guardian on Saturday noted Mavinwood (MVW) was in the spotlight amid talk that a deal could be announced. The deal to acquire a storage security firm was indeed revealed to the market on Monday Morning, which helped to push the shares 0.25p higher to 11.88p.

Saturday’s Guardian highlighted NMT Group’s (NMT) unnaudited cash position at the equivalent of 70p a share and of the stock rising 8.5p to 62.5p on Friday after plans were announced to abandon the safety syringe business and become a cash shell. The equity traded unchanged on Monday morning at 62.50p.

Derek Pain’s ‘No Pain, No Gain’ column in Saturday’s Independent recaps on the recent changes and transformation of Plus Market Group (PMK) which include the development of its Ofex market and the challenge it is making to the dominance of the London Stock Exchange through the provision of a dealing facility for small company shares. The shares stood at 19.75p on Monday, unchanged from Friday’s closing price.

Saturday’s Times briefly mentions the quarter pence rise in the shares of Provexis (PXS) on Friday, following the setting of a 15p price target by broker Arbuthnot Securities. On Monday morning the shares moved half a pence higher towards this target to 12.25p.

News that Virotec International (VTI) is unlikely to secure any contracts in the short term from the Pennsylvania Department of Transportation, received a mention in both the Weekend FT and Saturday Times. House broker Numis Securities has cut its short term fair value target price to 13p in response. The shares steadied today after last week’s news, by trading unchanged at 14.25p.

Monday morning prices were taken around 10.20am on 13 February 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.

Access of Intelligence: Notice of results.

Central China Goldfields: Manager appointment.

Croma Group: Acquisition.

Electric Word: Final results.

Eurasia Mining: Kola licence agreed.

First Artist: Trading update.

London Asia Capital: Strategic alliances.

Mavinwood: Acquisition.

NMI Security: New technology solution.

Starvest: Interim results.

Timestrip: Change of advisor

Look out for this week

Monday 13 February – UK producer prices.

Tuesday 14 February – EU GDP.

Wednesday 15 February – UK unemployment figures, BOE inflation report

Thursday 16 February – UK retail sales. US housing starts and jobless claims.

Friday 17 February – US Producer prices.

The next Penny Share Review will be posted on Monday 20 February 2006.

Compiled by Jason Robertson

Penny Shares Online - penny shares research and information service.