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Penny Share Review 337

15 May 2006

Alltracel Pharmaceutical (AP.L) appeared in the weekend’s Financial Times, which highlighted the CEO’s recent share buying activity and mentioned his colleague, Noel Toolan, having sold out of his entire holding 15 months ago. The share price was unchanged at 11.00p this morning.

The Daily Telegraph today featured Corpora (CP.L), reporting rumours surrounding a possible deal with Toshiba. The talk suggested that an agreement could see the Company become preferred document management supplier to the one of its subsidiaries. The share price added 0.50p to 9.50p during this morning’s trading.

The Business this weekend described Croma Group (CMG) as a “rare gem” and suggested that it is on course for its first year of meaningful profitability. The article continued that it is technologically sophisticated, being the only company to offer fingerprint based identification and is a “cracking growth story”. The piece also informed readers that rumours suggest that the Company is sniffing around bigger security firms and concluded that there is more than enough room for the shares to double and still look cheap, recommending a Buy at 5p. Surprisingly though, the share price dropped by 0.13p to 5.00p this morning following this positive press attention.

The share price of Invox (INX.L) was adversely impacted by “scrappy selling”, noted in Saturday’s Daily Mail. The piece went on to say that Danny Fiszman, who has a 10.2% holding in the Company, could have an eye on its Madasafish division. The share price dropped by a further 2.00p to 33.50p during this morning’s session.

The Independent on Sunday reported that auditing firm, HLB Kidson, had been fined £445,000 following its approval of overstated profit accounts for Planestation (PTG). The Company’s shares remain suspended.

Saturday’s Daily Mail detailed that buying activity, ahead of the investor meeting in Marseille next week, lifted the share price of Subsea Resources (SUB). However, this morning’s session saw the shares slip by 2.25p to 37.25p. Shares in Totally (TLY) moved forward as a result of further consideration of the Greek radio deal, announced last week, according to the Daily Mail on Saturday. Nevertheless, no further change was seen this morning as the share price stayed at 2.38p

Zambezi Resources (ZRL) appeared in The Times on Saturday under its “Rumour of the day” headline, commenting that the share price had drifted despite gossip of a potentially positive update from its Oryx project (please see below). The share price remained at 15.00p this morning.

Monday morning prices were taken between 9.00am and 10.00am on 15 May 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.

Dermasalve Sciences (DRM): Agreement with Chatel.

Elcom International (ELC): First Quarter Results.

Hardide (HDD): Block Admission Application.

Intellego Holdings (IHP): Contract Win.

Intandem Films (IFM): Issue of Convertible Loan Notes.

Meridian Petroleum (MRP): Delores Prospect.

Matra Petroleum (MTA): Blue Topaz Drilling Update.

Stanelco (SEO): Appointment of advisor.

Tertiary Minerals (TYM): Conversion of Loan Notes.

Zambezi Resources (ZRL): Oryx Progress Report.

Look out for this week

Monday 15 May – First Quarter Results from Elcom International (ELC). Rightmove House Price Survey.

Tuesday 16 May – RICS House Price Survey.

Wednesday 17 May – UK Labour Market Data.

Thursday 18 May – Retail Sales.

Friday 19 May – Interim results from iTrain (IRN.L). BBA Mortgage.

The next Penny Share Review will be posted on Monday 22 May 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.