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Penny Share Review 359

Monday 16 October 2006

The Daily Express on Saturday noted that the share price of Aukett Fitzroy Robinson (AUK) had risen after it announced contracts worth £214m, creating fees of £2.6m over the next 2 years. The share price remained unchanged at 7.50p this morning.

Delling Group (DLG) appeared in The Guardian on Saturday, which noted that the Company was one to keep an eye on. It went on to say that analysts expect a further acquisition (confirmed by today’s announcement below) and that it could become the largest exhibition services group in Scandinavia. Apparently, its sights are set on becoming a £100m turnover marketing services firm in a few years and it was suggested that it may be broadening its reach to Eastern Europe. Analysts predict PBT of between £1m and £2m this year and the share price increased by 0.25p to 10.50p this morning following this press attention.

Shares in Kleenair Systems (KSI) increased, as a seller was cleared out of the market, according to Saturday’s Independent. The share price was unchanged at 21.50p during this morning’s trading.

Saturday’s Daily Express reported that Symphony Plastics (SYM) had predicted a return to profit in Q4, following its recent order intake and the fact that it received a £300k repayment after a copyright dispute with EPI. The weekend’s FT reiterated this news and added that Government plans concerning supermarkets giving out fewer bags may aid the firm, as well noting the Company’s intention to invest into a waste-to-energy project. The share price increased by 2.00p to reach 14.50p during Monday morning’s session.

The prices given above were taken between 9.19am and 9.21am on 16 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.

ADVFN (AFN): Notice of Results.

Braemar Group (BRG): Fund Launch.

Conroy Diamonds & Gold (CDG): Acquisition of Finnish Gold Interest.

Delling Group (DLG): Acquisition.

e-pay Asia (EPY): Change of Advisor.

SubSea Resources (SUB): Activity Update.

Venteco (VTO): Venteco breaks into the US Market.

Look out for this week

Monday 16 October – US Empire State Manufacturing Survey (October).

Tuesday 17 October – Final Results from Cheerful Scout (CLS). UK Inflation (September). US Producer Price Inflation (September).

Wednesday 18 October – UK Unemployment (September) and average Earnings (August).

Thursday 19 October – UK Retail Sales (September). US Leading Indicator (September).

Friday 20 October – UK GDP (first estimate) Q3.

The next Penny Share Review will be posted on Monday, 23 October 2006.

Compiled by Chris Richards.



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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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