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Penny Share Review 371

Monday 15 January 2007

Shares in CoffeeHeaven (COH) hit a high point last week, as Directors “shuffled their shareholdings”, according to the weekend’s FT. However, no further movement was witnessed during Monday morning’s session, as the share price remained 46.75p.

Henderson Morley (HML) received considerable press attention this weekend. Saturday’s Daily Telegraph reported that the share price had more than doubled on news of late stage negotiations with an AIM-listed life science organisation and The Times, Daily Mail and Daily Express on Saturday also all included this news. The momentum appeared to continue into trading this morning, where the share price added a further 0.05p to 3.10p.

Intelligent Environments (IEN) appeared in The Independent today, which commented that momentum is building following the posting of maiden profits, back in September ‘06. It went on that a bullish trading statement is expected tomorrow detailing that the business is performing ahead of budget and this, together with rumours of a new partner contract with a large software player, could lead to upgrades to profit forecasts. The share price remained 6.50p this morning.

The Daily Express on Saturday noted that hopes for a strong trading update and rumours of bid interest aided the share price of Sareum Holdings (SAR). The price went further during early trading today, adding 0.30p to reach 1.95p.

The prices given above were taken at between 9.30 and 9.50am on 15 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.

Alliance Pharma (APH): Trading and Product Update.

Croma Group (CMG): Trading Statement.

Formation Group (FRM): Transaction in Own Shares.

Image Scan Holdings (IGE): Final Results.

Minco (MIO): Preliminary Results.

Speymill Group (SYG): Senior Management Appointment.

Thor Mining (THR): Director Shareholding.

Totally (TLY): Directorate Change.

Water Hall (WTH): Director shareholding.

West African Diamonds (WAD): Holdings in Company.

Western & Oriental (WTH): Director Shareholding.

Look out for this week

Monday 15 January – Final Results from Image Scan Holdings (IGE). UK Producer Prices December).

Tuesday 16 January – UK Inflation Figures (December).

Wednesday 17 January – UK Unemployment Figures (December). US Producer Prices (December).

Thursday 18 January – US Housing Stats (December).

Friday 19 January – UK Retail Sales (December).

The next Penny Share Review will be posted on Monday, 22 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.