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Penny Share Review 353
Monday 04 September 2006
Saturday’s Daily Express reiterated the announcement last week from Subsea Resources (SUB), which noted that high grade copper was being salvaged from the Francois Vieljeux wreck. However, regardless of this news, the share price fell by 1.00p to 40.00p this morning.
TripleArc (TPA) appeared in The Daily Telegraph on Saturday, which noted an increase in the share price following news of its contract win with AOL. This momentum spilled over into Monday morning’s trading, where the shares added 0.12p to 5.00p.
The prices given above were taken at 9.46am on 4 September 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.
Formjet (FMJ): Trading Statement.
Hill Station (HLL): AIM Notice.
ID Data (IDD): Final Results and Notice of EGM.
JumpIT (JUM): Trading Statement.
Meriden (MRD): Trading Statement.
Ormonde Mining (ORM): La Zarza Copper-Gold Project.
Sareum (SAR): Preliminary Results.
Voss Net (VOS): Acquisition and Placing.
Zi Medical (ZIM): Interim Results.
Look out for this week
Monday 4 September – Eurozone Producer Price Inflation (July). Final Results from ID Data (IDD) and Sareum (SAR). Interim Results from Zi Medical (ZIM).
Tuesday 5 September – UK BRC Retail Sales Monitor (August).
Wednesday 6 September – UK Manufacturing Output (July).
Thursday 7 September – UK Interest Rate Decision, US Weekly Jobless Claims.
Friday 8 September – Nothing of note.
The next Penny Share Review will be posted on Monday, 11 September 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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