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Penny Share Review 354

Monday 11 September 2006

Coolabi (COO) appeared in the Daily Express on Saturday, which commented on Jeremy Banks’ appointment as CEO. The article noted his experience with Chorion and suggested that this market knowledge would come in handy as the Company works on its children’s characters, as well as its horror brand. Despite this press attention however, the shares fell by 0.25p to 3.00p this morning.

CCH International (CCH) is set to boost its shares liquidity, according to the weekend’s FT, which reiterated a jump in half one profit and turnover. Its funding lines now top $280m and the shares remained at 25.5p this morning.

Today’s Guardian highlighted the announcement from Dermasalve Sciences (DRM) (Please see below), which stated that its new hand gel was found to kill bird the flu virus within 30 seconds of application. The piece stated that the CEO, Dr Mark Randle, said discussions were going on with parties to sell the gel on a large scale and although there is lots of competition, no other product has been tested to the same extent. The shares added 1.00p to 15.00p this morning.

The Daily Mail on Saturday commented that it had been a busy time for First Artist (FAN) during the football transfer window, noting its involvement in numerous deals, such as Jean-Alain Boumsong’s transfer to Juventus and Kevin Phillip’s move to WBA. The share price was unchanged this morning at 6.75p.

The Sunday Telegraph pre-empted news that London Asia Capital (LDC) is to list on Shanghai’s junior stock market, announced today (please see below). The article highlighted that it is the first foreign company to join any exchange in Mainland China and the share price improved by 0.5p to 18.25p, following this news.

Saturday’s Guardian reported that shares in Smart Telecom (SMR) had slumped, after it announced it had used up cash and needed funding, while the weekend’s FT highlighted lost customers to Eircom and lengthy court proceedings with Comreg. Nevertheless, the share price remained unchanged at 4.75p during this morning’s trading.

The Financial Times today reported that Stanelco (SEO) predicted deeper losses in a downbeat trading statement. Pre tax losses of £2.3m were recorded to April 20, but the Company also noted it is making good progress in discussions concerning financing, after announcing it was running out of cash. The share price was up 0.03p at 3.68p this morning.

This weekend’s Financial Times included Surgical Innovations (SUN), commenting that a broadening in the use of its products would be great news and that it is continuing to seek opportunities in alternative sectors. Interim results showed a rise in sales of core products and reduced net debt and the piece went on that Hanson Westhouse, Company Broker, reckons it is set to meet sales and profits estimates, reckoning the shares are worth 4.5p. It concluded… “At the price, they look like a snip.” The shares were 0.25p higher at 3.25p during this morning’s session.

The prices given above were taken between 9.00am and 10.00am on 11 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.

Dermasalve Sciences (DRM): Hand Gel for Bird Flu Virus.

Gaming Corporation (GMC): Holdings in Company.

Hill Station (HLL): Warrant Issue.

London Asia Capital (LDC): Listing on Shanghai Exchange.

Original Investments (OIP): Directorate change.

Ovoca Gold (OVG): Drilling Report.

Tecteon (TEO): Voice Quality Software.

Look out for this week

Monday 11 September – UK Producer Price Inflation (August) and Trade in Goods and Services (July).

Tuesday 12 September – UK Inflation (August). US Trade Balance (July).

Wednesday 13 September – UK Unemployment (August).

Thursday 14 September – UK RICS House Price Survey (August) and Retail Sales (August). US Retail Sales (August).

Friday 15 September – Eurozone Inflation (August). US Inflation (August).

The next Penny Share Review will be posted on Monday, 18 September 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.

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