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Penny Share Review 379

Monday 12 March 2007

The Independent repeated its previous “worth a punt” rating of NeutraHealth (NUT) and commented that, judging by its results, the business is already doing “rather well”. Regardless of this positive commentary, the share price was unchanged at 10.00p earlier today.

Scarborough Minerals (SCRB) appeared in Saturday’s Guardian, which commented that the share price had risen following news of the proposed merger with Mineral Securities (Minsec). The deal would form a share swap, whereby 4 Minsec shares would be exchanged for 5 in the Company, though the article reiterated the fact that there was no guarantee such a deal would go ahead. This commentary was also included in Saturday’s Times and The Independent on Saturday and the momentum appeared to spill over into this morning’s trading, where the shares added a further 0.25p to reach 46.75p.

The prices were taken between 9.40am and 9.50am on Monday 12 March 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.

Carpathian Resources (CPNR): Half-Yearly Report.

Dermasalve Sciences (DRM): Directorate Change.

EMED Mining (EMED): Expansion in Slovakia.

e-pay Asia (EPY): Indian market Update.

Empyrean Energy (EME): Sugarloaf-1 Update.

Essentially Group (ESN): Final Results and Change of Advisor.

Knowledge Technology (KTS): Interim Results.

Lonrho Africa (LAF): Nare Diamonds Announcement.

Mano River Resources (MANA): Update on Iron Ore Project.

Oxford BioMedica (OXB): Acquisition of Oxxon Therapeutics.

Seeing Machines (SEE): Addition to Product Released.

Ultimate Finance Group (UFG): Interim Results.

Look out for this week

Monday 12 March – Results from Carpathian Resources (CPNR), Essentially Group (ESN), Knowledge Technology (KTS) and Ultimate Finance Group (UFG). UK Producer Prices (February).

Tuesday 13March – Royal Institute of Chartered Surveyors House Price Balance (February). US Retail Sales (February).

Wednesday 14 March – UK Unemployment (February). US Current Account (Q4).

Thursday 15 March – UK Bank of England Inflation Attitudes Survey . US Philadelphia Fed Survey (March).

Friday 16 March – US Inflation (February) and Michigan Consumer Confidence (March).

The next Penny Share Review will be posted on Monday, 19 March 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.