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Penny Share Review 339
30 May 2006
The Times on Saturday featured Image Scan Holdings (IGE), noting an upturn in the share price following an order worth £500,000 from Scanlogic. No further share price movement was witnessed during this morning’s session, as the shares remained at 24.75p.
The Sunday Telegraph provided a review of Neutrahealth (NUT), commenting that the sector was growing in popularity. The piece went on to suggest that this was fuelled by an ageing population and that the Company’s profit is expected to grow to £1.6m this year. It concluded with a “Buy” recommendation and the share price continued to rise this morning, adding 2.00p to reach 13.50p.
Rift Oil (RIFT) appeared in the Financial Times this weekend, which noted that the share price had risen after the announcement that a big enough sample had been recovered from its well in Papua New Guinea. The Company reported that it will release further results when possible, but no further movement was seen this morning, where the share price remained 7.63p.
Monday morning prices were taken between 9.00am and 10.00am on 30 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.
African Platinum (APP): Drilling Report.
Central China Goldfields (GGG): Exercise of Warrants.
Delling Group (DLG): Re Contract.
Egdon Resources (EDR): Re Farm-Out Agreement.
FfastFill (FFA): Re Contract.
Formation Group (FRM): FIFA Contract.
Interactive Gaming (IGH): Re Agreement.
iTrain (IRN.L): Re Contract.
TripleArc (TPA): Notice of Results.
Westside Acquisitions (WST): Final Results.
Look out for this week
Tuesday 30 May – Final Results from Westside Acquisitions (WST). RICS House Letting Survey.
Wednesday 31 May – Consumer Credit Data.
Thursday 1 June – Manufacturing Sector PMI.
Friday 2 June – Construction Sector PMI.
The next Penny Share Review will be posted on Monday 5 June 2006.
Compiled by Chris Richards.
Penny Shares Online - penny shares research and information service.
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.
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