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Penny Share Review 352

29 August 2006

The Independent today remarked that shares in Coffeeheaven (COH) are trading close to an all time high, but went on to suggest that the Company could offer a downbeat assessment of the second half of the year, with coffee futures spiking overt the last month. The share price added 0.50p to reach 26.75p this morning.

The Independent on Saturday featured Lonrho Africa (LAF.L) under its “The week in review” section, providing a brief background to the Company and proposing that its £1.1m investment for a 63% stake in Luba Freeport was a bargain. The piece concluded that the shares were high risk and for brave investors only. The share price was unchanged this morning at 27.25p.

Oxus Gold (OXS) appeared in The Sunday Times under the headline “Gold miner Oxus stops glittering in central Asia”. The article reported setbacks, such as the loss of its Uzbekistan and Kyrgyzstan licenses, being followed by news of a lawsuit in Australia. The article concluded quoting an analyst, “This looks like the curtain call for companies in this region. The local governments are now turning to local finance.” The share price fell by 2.00p to 28.00p this morning.

The Daily Express on Saturday reported that shares in ReGen Therapeutics (RGT) improved following an announcement on Friday, which reported that further research suggested Colostrinin could have anti-ageing, as well as anti-cancer potential. The share price was unchanged at 1.07p this morning.

Scotty Group (SCO) appeared in the Daily Express on Saturday under its “Share Whisper” section. The article reported that speculation suggesting the Company was close to announcing the rollout of helicopter orders was unable to move the share price forward. However, an increase in the price of 0.03p was seen during this morning’s trading, as the shares reached 1.20p.

The prices given above were taken between 9.30am and 10.00am on 29 August 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.

Advanced Medical Solutions (AMS): Positive Reclassification.

Braemar (BRG): Director Shareholding and Purchase of Property.

CCH International (CCH): Agreement with Globexbank.

Dermasalve (DRM): Acquisition.

First Dental Laboratories (FDT): Interim Results.

Gippsland (GIP): Wadi Allaqi Drilling Results.

Namibian Resources (NBR): Annual Report and Accounts.

Screen FX (SFX): Acquisition of POPtv.

Look out for this week

Tuesday 29 August – Interim Results from First Dental Laboratories (FDT). USA August Consumer Confidence.

Wednesday 30 August – Interim results from Amphion Innovations (AMP). UK August CBI distributive Trades Balance.

Thursday 31 August – UK August Nationwide Prices.

Friday 1 September – UK August CIPS Manufacturing Survey.

The next Penny Share Review will be posted on Monday, 4 September 2006.

Compiled by Chris Richards.

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