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Penny Share Review 358

Monday 09 October 2006

The Guardian on Saturday reported an increase in the share price of Aquilo (AQL), after it confirmed that a number of bid approaches had been received last week. The price continued to rise on Monday morning, where it added 0.05p to reach 1.35p.

Saturday’s Daily Mail noted rumours that Tomkins, the auto parts group, had rejected the advances of Greg Hutchings in the form of a 265p bid, through his vehicle Lupus Capital (LUP). This speculation also appeared in the Express on Saturday, however both pieces went on to say that sources close to Hutchings had rejected the claims. Shares in Lupus gained 0.25p to reach 15.75p this morning.

Red Squared (RDS) appeared in the Daily Mail on Saturday under its “Broker Buys” section, which stated that Daniel Stewart rates the shares as a buy at 5p, following a positive trading update, 2 contract wins and profitable H2 trading. This momentum seemed to spill over into this morning’s trading, where the share price added a further 2.50p, reaching 8.50p.

The prices given above were taken between 9.00am and 9.29am on 9 October 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.

Aquilo (AQL): Rule 2.10 Announcement and Takeover Panel Disclosure Table.

Business Control Solutions (BCT): Statement re Placing.

Central China Goldfields (GGG): Nimu Update.

Galleon Holdings (GON): Re Agreement.

Greatland Gold (GGP): Exploration Update.

Ormonde Mining (ORM): Tungsten Project Update.

Sareum Holdings (SAR): Significant Collaboration.

Smart Telecom (SMR): Aim Restoration.

Thor Mining (THR): Appointment of Exp. Manager.

Venteco (VTO): Business Update.

Look out for this week

Monday 9 October – UK Producer Price Inflation (September).

Tuesday 10 October – UK Trade in Goods and Services (August).

Wednesday 11 October – Eurozone GDP (Final) Q2.

Thursday 12 October – US Trade Balance (August) and Weekly Jobless Claim.

Friday 13 October – US Retail Sales (September) and Michigan Consumer Confidence (October).

The next Penny Share Review will be posted on Monday, 16 October 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.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.