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Penny Share Review 381

Monday 26 March 2007

Access Intelligence (ACC) formed part of Derek Pain’s “No pain, no gain” section in Saturday’s Independent. The article sited the Company as one of his more unhappy investments, after it reported results that he felt were a little disappointing. However, he wouldn’t be surprised if it tried to strengthen through an acquisition and its cash position should mean there would be no need to tap shareholders, unless it was for a reverse takeover. Mr Pain concluded that even without deals, the business should make progress. The share price was unchanged at 6.625p this morning.

Croma Group (CMG) shares slipped after news of widening first half losses, according to Saturday’s Independent. However, the price added 0.125p to reach 4.875p during this morning’s session.

The Independent on Saturday reported an improvement in the share price of Essentially Group (ESN), following Non-Executive Director James Butterfield buying 50,000 shares. This was also featured in Saturday’s Times, but the price was unchanged at 15.00p earlier today.

Formjet (FMJ) appeared in the Daily Mail on Saturday, which noted an upturn in the share price following the announcement of a deal with Woolworths last week. The article commented that house broker, Corporate Synergy, thinks that this validates the business model further, though the share price was unchanged this morning at 3.375p.

Saturday’s Independent suggested that Lupus Capital (LUP) had received strong demand for its fundraising, the proceed of which are for the £240m purchase of Laird Group’s security system division. The piece went on that analysts say the acquisition fits in well with the Company’s Schlegel division. The shares remain suspended at 19.75p.

Mediwatch (MDW) appeared in The Independent from Saturday, reporting better share price performance on news that the Company has developed a new test that can detect the presence of prostate cancer in 10 minutes. This positive momentum appeared to continue during Monday morning’s trading, where the price added a further 1.125p, reaching 14.00p.

The Times on Saturday included a full-page article on Simon Brickles of Plus Markets (PMK), in which he extolled the virtues of the PLUS trading platform. He acknowledged that the Company still has much to prove, but has the intention to provide a full alternative exchange. The share price remained 22.50p during early trading today.

The prices were taken between 9.51am and 10.21am on Monday 26 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.

Elephant Loans (ELEP): Trading Statement and Directorate Change.

Eurasia Mining (EUA): Drilling Report.

Lupus Capital (LUP): Holdings in Company and Acquisition.

Tanfield (TAN): Preliminary results.

Look out for this week

Monday 26 March – Preliminary Results from Tanfield (TAN).

Tuesday 27 March – UK BBA Mortgage Approvals (February). US Consumer Confidence (March).

Wednesday 28 March – UK Nationwide House Price Index (March). Third and Final Estimate of GDP (Q4).

Thursday 29 March – UK Mortgage Lending and Consumer Credit (February).

Friday 30 March – Eurozone Inflation, Consumer Sentiment and Business Sentiment (March).

The next Penny Share Review will be posted on Monday, 2 April 2007.

Compiled by Chris Richards.

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