- Issue 474 : 05 Jan 2009
- Issue 473 : 29 Dec 2008
- Issue 472 : 22 Dec 2008
- Issue 471 : 15 Dec 2008
- Issue 470 : 08 Dec 2008
- Issue 469 : 01 Dec 2008
- Issue 468 : 24 Nov 2008
- Issue 467 : 17 Nov 2008
- Issue 466 : 10 Nov 2008
- Issue 465 : 03 Nov 2008
- 2009 Archive
- 2008 Archive
- 2007 Archive
- 2006 Archive
- 2005 Archive
- 2004 Archive
- 2003 Archive
- 2002 Archive
Penny Share Review 389
Monday 21 May 2007
Penny Share Review 389
The Mail on Sunday included an article concerning Ennstone (ENN). Noting that Hanson’s takeover by HeidelbergCement for £7.85bn showed the value put on good building materials businesses, the piece remarked that once this deal was completed, it would leave Ennstone as the only quoted organisation in the sector. It went on to detail that the proceeds of the Company’s £50m fundraising would be used for expansion in the USA, through the acquisition of quarry businesses, to develop its Scottish business and to reduce borrowings. The timing of acquisition plans in the States was praised, given the weak dollar currently, and the article concluded “searching for good-value shares is an increasingly difficult task these days. But Ennstone offers genuine potential. The strategy is sound and there is always the possibility of generous takeover action. Buy.” Following this positive press attention, the shares added 1.00p to reach 54.00p this morning.
The price above was taken at 9.57am on Monday, 21 May 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): Audio Broadcast.
Beowulf Mining (BEM): Final Results.
Corpora (CP..L): Share Admission.
Empyrean Energy (EME): Project Margarita Update.
Kryso Resources (KYS): Shares Trade on PLUS.
Maghreb Minerals (MMS): Progress Report.
Nexus Management (NXS): Contract Win.
Northern Petroleum (NOP): Additional Listing.
Pantheon Resources (PANR): Addition to Portfolio.
River Diamonds (RVD): Panguma Update.
Look out for this week
Monday, 21 May – Final Results from Beowulf Mining (BEM). UK Rightmove House Price Survey. UK BBA Mortgage Lending Data (April).
Tuesday, 22 May – UK DMO Auction of 1.25% 2007 index linked gilts.
Wednesday, 23 May – Nothing of note.
Thursday, 24 May – Hill Station (HLL) AGM. UK CBI Monthly Industrial trends Survey.
Friday, 25 May – UK Q1 GDP.
Monday, 28 May – Bank Holiday.
The next Penny Share Review will be posted on Tuesday, 29 May 2007.
Compiled by Chris Richards.
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.