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Penny Share Review 368

Monday 18 December 2006

The Daily Telegraph on Saturday noted a rise in the share price of Imaginatik (IMTK) to 8.37p since floating at 7.5p. There was no further change to this during this morning’s session, where the price remained 8.37p.

An update to the Just Group (now Think Entertainment) situation appeared in the Mail on Sunday, which reported a return to the High Court today. KPMG, currently administering the organisation, is asking the court what to do with £500k recovered from the Company. With 57,000 shareholders, however, hopes of a payout are limited.

Petards (PEG) featured in Saturday’s Guardian, noting an increase in the price following news of a £1.3m ministry of defence contract. However, the price slipped by 0.025p to 1.075p this morning.

Shares in Taihua (TAIH) were up on strong demand following the placing, according to The Independent on Saturday. This positive performance was also reported by Saturday’s Daily Mail. A further increase of 0.75p was witnessed this morning, as the share price reached 20.25p.

The prices given above were taken at 10.33am on 18 December 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.

Encore Oil (EO.L): Period End Update.

Emed Mining (EMED): KEFI Minerals admitted to AIM.

IDN Telecom (IDN): Evolution Securities EPT Disclosure.

Media Corporation (MDC): Acquisition.

Myratech (MYA): Final Results.

Osmetech (OMH): Disposal.

Starvest (SVE): Kefi Minerals Placing and Admission to AIM.

Surgical Innovations (SUN): Hospital Group Agreement.

TripleArc (TPA): Grant of Options.

Zambezi Nickel (ZNI): Directorate Change.

Look out for this week

Monday 18 December – US Current Account Deficit (Q3).

Tuesday 19 December – RICS House Price Balance (November).

Wednesday 20 December – Public Finances Figures.

Thursday 21 December – GDP Growth Final Estimate (Q3)

Friday 22 December – Services Index (October)

The next Penny Share Review will be posted on Tuesday, 2 January 2007.

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.