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Penny Share Review 384

Monday 16 April 2007

The Daily Mail from Saturday noted the 3.25p rise in Galleon (GON) last Friday, following a trading update which revealed that its entertainment IP division had received pre-sale orders for its comedy-adventure series Sokator-442 from broadcasters in Germany and Australia. The trading update spurred Saturday’s Times to highlight the stock in its ‘Tiddler to Watch’ section. The equity nudged higher on Monday morning by 0.5p to 12.5p.

The 7% drop on Friday in the shares of ILX Group (ILX) gained a mention the next day in the Guardian following a profits warning, in which we learnt that operating profits for the year to the end of March would fall below market expectations of £2m to £2.58m and instead be around £1.6m. The stock fell further on Monday by 6.5p to 72.5p. Saturday’s Daily Telegraph briefly noted Stanelco’s (SEO) 0.09p rise in response to heavy trading on director buying. Shares in Stanelco inched ahead by 0.01p to 1.15p on Monday morning. The prices were taken just after 10am on Monday 16 April 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.

Eurasia Mining (EUA) – Drilling report

Gippsland (GIP) – Copper-nickel exploration.

Kryso Resources (KYS) – Survey commencement.

Maghreb Minerals (MMS) – Consultant Geologist appointment.

Mediwatch (MDW) - New contract.

Mercator Gold (MCR) - Resource upgrade.

Nighthawk Energy (HAWK) – Cisco Springs project update.

Oxus Gold (OXS) – Issue of equity.

Teleunit (TLU) – Final results.

Look out for this week

Monday, 16 April: - Eurozone consumer price index, Teleunit (Finals).

Tuesday, 17 April: UK & US consumer price index, Intelligent Environments (Finals).

Wednesday, 18 April: Speymill Group (Finals).

Thursday, 19 April: nothing of note.

Friday, 20 April: UK retail sales.

The next Penny Share Review will be posted on Monday, 23 April 2007.

Compiled by Jason Robertson

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.

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