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Penny Share Review 330

27 March 2006

Press

Coffeeheaven International (COH) appeared in Saturday’s Times, which speculated that an improvement to the share price was further to rumours of better-than-expected sales. This momentum did not spill over into Monday morning’s trading though, which saw no change in the share price, as it remained at 23.75p.

Northern Petroleum (NOP) received much press coverage over the course of the weekend, appearing in several newspapers, all noting the rise in the Company’s share price. The Guardian on Saturday commented that it was the “stand out feature in the small cap arena” and attributed its recent performance to the upgrading of Dutch assets and, consequently, an increased price target of 360p from Panmure Gordon, making the Company a potential takeover target. This run continued into Monday morning, as the shares added a further 12.00p to arrive at 153.00p.

The Daily Mail on Saturday remarked that Plus Markets (PMK) is going from strength to strength, as an increasing number of brokers become willing to use its system. A further increase to the share price was noted during this morning’s trading with the price adding 3.00p to reach 38.00p.

The Financial Times this weekend provided a review of Quonnectis (QTI). The article noted key customers and a more than doubling of sales in 2005, but also reminded readers of its widened pre tax losses. Nonetheless, the news failed to impact the Company’s share price, which remained unchanged at 2.25p this morning.

The Daily Express on Saturday noted a rise in the shares of Venteco (VTO) on its AIM debut and attributed this to the fact that the Company is believed to be close to announcing the acquisition of a pest control business. Nevertheless, this positive movement seemed short lived, as the shares dropped by 0.25p to 3.38p during Monday morning’s session.

Western & Oriental (WEST) was mentioned in The Independent on Saturday. According to the piece, Chairman David Howell and former FD of Lastminute.com, will be looking to consolidate the luxury travel market, which nobody has tried to do until now and it was suggested that further acquisition targets have already been ‘teed up’. The shares increased by 2.00p from their placing price of 22.00p to 24.00p this morning.

An article regarding Zyzygy (ZYZ) comprised part of The Daily Express on Saturday. It mentioned that the share price had improved and pinned this on hopes that the Company will pay a dividend at the end of the year. This drive appeared to continue, as the shares increased by 0.05p to 0.83p this morning.

Monday morning prices were taken around 10.30am on 27 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.

African Diamonds (AFD): Holdings in Company.

African Eagle Resources (AFE): Change of Adviser.

Cambridge Mineral Resources (CMR): Bulgarian Drilling Programme.

Dermasalve Sciences (DRM): Distribution Agreement with Orian Healthcare.

Elcom International (ELC): Directorate Change.

Gippsland (GIP): Settlement of Aguero Dispute.

Knowledge Technology Solutions (KTS): Interim Results.

NMT Group (NMT): Holdings in Company.

SRS Technology Group (SGY.L): Interim Results.

Look out for this week

Monday 27 March – Interim Results from SRS Technology Group (SGY.L) and Knowledge Technology Solutions (KTS). BBA Mortgage Lending (February).

Tuesday 28 March – Bank of England MPC Testimony.

Wednesday 29 March – Consumer Credit and Mortgage Lending (February). Q4 GDP.

Thursday 30 March – Nothing of note.

Friday 31 March – Government Deficit.

The next Penny Share Review will be posted on Monday 3 April 2006.

Compiled by Chris Richards.

Penny Shares Online - penny shares research and information service.




Risk Warning

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.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.