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Penny Share Review 356

Monday 25 September 2006

Saturday’s Daily Mail featured Cheerful Scout (CLS) under its “Broker Buys” section, commenting that SQC Research reckons the shares are a buy at 0.76p, as the Company is “becoming a unique player in the business intelligence market”. The share price added 0.07p during this morning session, rising to 0.85p.

The Mail on Sunday invited readers to keep an eye on MSB International, after it received an offer of 73p from Networkers International (NWKI). The piece suggested that it could go ahead this week and shares in NWKI added 1.00p to reach 39.5p this morning. The Daily Mail on Saturday reported and upturn in the share price of Pentagon Protection (PPR), following contract wins and this was also picked up in Saturday’s Independent. The share price was unchanged at 1.5p this morning.

Sefton Resources (SER) appeared in The Independent on Saturday, which noted a slip in the share price and remarked that the Company claims it is in talks to secure extra borrowings. The price fell by a further 0.5p this morning to 8.00p. The weekend’s FT noted a slide in the share price of Stanelco (SEO), as rumours of a deeply discounted fundraising continued. It stated that the Company is looking to raise £15m, but regardless of this, the share price added 0.08p to reach 1.67p.

A large article by Brian O’Connor in the Daily Mail on Saturday reviewed the work of Patrick Cheetham and Tertiary Minerals (TYM) and highlighted the many uses of Tantalum. It noted that Tertiary may have the world’s largest deposit, but it will be very expensive to get the mine up and running. However, as the article went on it suggested that this cost could be spread, with funds from the Saudi Industrial Development fund, bank loans and equity. The site could supply 10% of the world’s tantalum by 2011 if all goes well and over the next 18 months feasibility studies will be worked on. The piece concluded that the Company is one for risk takers, but the upside looks promising and further to this upbeat press attention, the share price rose by 0.75p to 11.00p during trading this morning.

The prices given above were taken between 9.40am and 10.15am on 25 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.

African Eagle (AFE): Interims & Progress Review.

Desire Petroleum (DES): Interim Results.

Kryso Resources (KYS): Drilling Report.

Lonrho Africa (LAF): Luba obtains debt facility.

London Asia Capital (LDC): Interim Results.

MICAP (MIC): Trading Update.

Matra Petroleum (MTA): Exploration Update.

Symphony Plastics (SYM): Interim Results.

Tanfield (TAN): Interim Results.

Western & Oriental (WEST): Acquisition.

Look out for this week

Monday 25 September – Interim Results from African Eagle (AFE), Desire Petroleum (DES), London Asia Capital (LDC), Symphony Plastics (SYM) and Tanfield (TAN).

Tuesday 26 September – UK Business Investment. US Consumer Confidence.

Wednesday 27 September – Interim Results from Dermasalve Sciences (DRM). UK GDP Final Estimate (Q2) and Current Account. US New Home Sales (August).

Thursday 28 September – US GDP (Q2).

Friday 29 September – Interim Results from Apace Media (APA). UK Consumer Credit (August) and UK Mortgage Lending Approvals (August).

The next Penny Share Review will be posted on Monday, 2 October 2006.

Compiled by Chris Richards.

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