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Penny Share Review 385
Monday 23 April 2007
Ahead of today’s announcement, The Times on Saturday reported on signs of strong institutional buying in the shares of Northern Petroleum (NOP), due to talk that good news could soon be delivered. The announcement of the Group’s deal with Dyas B.V lifted the shares 8p (6.48%) higher to 131.5p this morning.
In the Weekend’s Financial Times, Kevin Goldstein-Jackson explained about his recent purchase of shares in Oxford BioMedica (OXB) at 49.5p to top-up an existing holding within his self-invested personal pension. This was prompted by last month’s financial results and global licensing deal with Sanofi-Aventis to develop and commercialise TroVax. Kevin believes the deal is very good news for the Company’s growth and profitability. Nevertheless, the reaction in the City is muted, as the view is that this agreement will make Oxford less of a takeover target. The shares ticked higher by a quarter of a pence to 49.75p on Monday morning.
The prices were taken at around 10.40am on Monday 23 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.
Albidon (ALD) – Director and employee options.
E-pay Asia Limited (EPY) – Appointment.
Hardide (HDD) – Notice of Results.
Networkers International (NWKI) – Queens Award.
Northern Petroleum (NOP) – Agreements with Dyas BV.
Pentagon Protection (PPR) – Appointment of Distributors.
River Diamonds (RVD) – Purchase Agreement.
Tanfield (TAN) – Launch of new vans.
Timestrip (TIME) – Strategic Partnership.
Look out for this week
Monday, 23 April: - M4 money supply.
Tuesday, 24 April: - CBI quarterly industries survey.
Wednesday, 25 April: - GDP first estimate.
Thursday, 26 April: Nothing of note.
Friday, 27 April: Japan interest rate announcement & US GDP first estimate.
The next Penny Share Review will be posted on Monday, 30 April 2007.
Compiled by Jason Robertson
Penny Shares Online - penny shares research and information service.
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.