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Penny Share Review 370

Monday 08 January 2007

Appian Technology (APN) featured under the Times on Saturday’s “Rumour of the day” section, following its contract win with the police. The article reckoned the deal is to cover London traffic and that further work is expected as the contract progresses. The shares added 0.75p to reach 12.375p during the morning session.

The Independent on Saturday looked back upon the purchase of Handyman Concrete by Ennstone (ENN) concluding that, given the strength of the £/$ rate, it is a perfect time to build American operations. It went on to rate the share as a “BUY”. The share price remained 48.50p this morning.

The Sunday Telegraph included a full-page article regarding the size of Iraq’s oil reserves and that it is small companies that are leading the charge in terms of unlocking these riches. Particular note was made of Petrel Resources (PET), which has been in the country for 10 years and John Teeling, its Chairman, who explained that smaller operations work differently to the majors and can go where the minerals are. He went on to predict that once the situation stabilises in the country, the larger firms will be queuing up for a piece of the action. The share price added 5.50p to reach 59.50p earlier today.

Plus Markets (PMK) appeared in The Mail on Sunday, which noted that the market always seems to come up in conversations regarding the future of share trading. The piece noted “evangelical” CEO Simon Brickles and that the Company’s fast growth was not reflected in its profits. It went on that the business is attempting a trading revolution, with its alternative to the LSE and has raised funds to finance its expansion, with names such as Cazenove Capital and Scottish Widows taking part. It concluded that the shares are not for the faint hearted, but that it could be dramatic 12 months and rated the shares as a highly speculative BUY. The price remained 19.50p.

Shares in Real Affinity (RAF) moved forward, as news of its CHS acquisition was well received, according to Saturday’s Express. No further change to the price was seen early on Monday, remaining 0.115p.

The Daily Express on Saturday commented that rumours of a distribution deal aided the share price of Tepnel Life Sciences (TED). However, the price fell by 0.125p to 9.00p on Monday morning.

The Independent on Saturday reported a better share price for Vialogy (VIY) on improved performance of its aerospace technology. The share price continues this trend, adding 0.25p to reach 6.00p during early trading today.

Saturday’s Daily Mail reported that West African Diamonds (WAD.L) sparkled on its debut and that John Teeling, the Irish Entrepreneur that floated the business, could be on the verge of poaching a manager from De Beers to help lead the firm. Today’s Express provided further coverage, quoting Teeling’s belief that the 3 projects held should start producing by the end of the year and the money form the float should be enough to keep It going until then and beyond. The share price was unchanged this morning at 24.50p.

The prices given above were taken at around 10.45am on 8 January 2007.

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.

Ariana Resources (AAU): Positive Drilling Results.

Access Inteligence (ACC): Trading Statement.

Amphion Innovations (AMP): Fundraising.

Artisan (ART): New Site Purchases.

Europa Oil & Gas (AOG): Production Update.

First Dental Laboratories (FDT): Trading Update.

Griffin Mining (GFM): Resource Update.

Intelligent Environments (IEN): Holdings in Company.

Lombard Risk Management (LRM): Six Contract Wins.

Mediasurface (MSR): Final Results.

Sareum Holdings (SAR): New Investment in Sareum.

Surgical Innovations (SUN): Trading Update.

Western & Oriental (WEST): Acquisition.

Look out for this week

Monday 8 January – Final Results from Mediasurface (MSR).

Tuesday 9 January – UK BRC Retail Sales Monitor (December).

Wednesday 10 January – US Trade Balance (November).

Thursday 11 January – Interim Results from EBTM (EBTM). UK Interest Rate Decision.

Friday 12 January – US Retail Sales (December).

The next Penny Share Review will be posted on Monday, 15 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.