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Penny Share Review 329

20 March 2006

Press

Derek Pain in his regular column in Saturday’s Independent wrote that despite the shares in Access Intelligence (ACC) showing a loss in his portfolio he is “staying aboard”, as it’s a “promising enterprise” and “will eventually deliver”. The recent figures were not as good as he expected, but represented a sharp improvement on the previous year and progress is likely to continue. If it hits Corporate Synergy’s forecasts of profits of around £0.6m this year and £0.94m next, the shares are “cheap”, opines Mr Pain. He’s also anticipating more acquisitions. Derek finishes, “It is a lean, mean tiddler with head-office staff of just four and a capitalisation of less than £4m.” The shares were ahead by 0.25p in trading this morning to reach 7.00p.

Speymill (SYG) was featured in The Sunday Telegraph with the opening line of the piece advising investors to “Take a look” following news that its recently launched fund had been heavily oversubscribed. The fund will be geared up to £1bn and invested in the German residential housing market. At his point the Company will have £1.5bn of funds under management, which are expected to generate earnings of £10m, as long as performance criteria are met. “With further funds in preparation and a current market value of less than £30m” the piece concludes, “Speymill is well placed to grow, especially if Real Estate Investment Trusts are introduced in the budget this week. Buy”. The shares were ahead by 3.75p this morning to hit 79.25p or 0.79p pre the 1-100 consolidation. Monday morning prices were taken around 10.15am on 20 March 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.

Central China Goldfields (GGG): Director shareholding.

CMS Webview (CWV): Contract.

EiRx Therapeutics (ERX): Progress Update.

Gladstone (GLD): Notice of results.

Global Marine Energy (GME): Notifiable Interest.

Hidefield (HIF): Alto Ventures – Drilling Update.

Henderson Morley (HML): Contract for ICVT.

Sunrise Diamonds (SDS): Exploration Results.

Look out for this week

Monday 20 March – CBI economic forecast, UL BBA mortgage data, CML mortgage data.

Tuesday 21 March – Entertainment Rights (F), Osmetech (F), UK CPI (Feb).

Wednesday 22 March – Alliance Pharma (F), BoE MPC meeting minutes.

Thursday 23 March – smartFOCUS (F)

Friday 24 March – Nothing of note.

The next Penny Share Review will be posted on Monday 27 March 2006.

Compiled by Andrew McLintock.

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