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Penny Share Review 402

Monday 20 August 2007

Penny Share Review 402 Derek Pain wrote about Access Intelligence (ACC) in his “No Pain, No Gain” section of The Independent on Saturday, after removing the Company from his portfolio last week. Mr Pain noted Director buying activity, commenting that he hoped this indicated the price at a low point, from which it will move ahead in coming months, though he wouldn’t bank on it. No change to the price was seen during Monday morning’s session, which stayed at 3.875p.

Albidon (ALD) was the “Tiddler to Watch” in Saturday’s Times, noting the rise in its share price after finding uranium in samples from Zambia. The article reported that Simon Toyne, an analyst at Numis Securities, thinks recent falls on the expectation of a drop in nickel and uranium prices have been overdone and rates the shares as a ‘BUY’ with a 171p valuation. Trading earlier today saw a 7.50p increase in the price, which reached 90.50p.

Black Rock Oil (BLR) is expected to release the extent of its find soon, following discovery in Colombia, according to the Sunday Express. Apparently, sources close to the Company hope that tests at Acacia Este will lead to an upbeat assessment, though the paper also noted the political risk of operating in Colombia. The shares were 0.50p lower at 46.00p this morning.

Today’s Times reiterated news of the Speymill Group (SYG) deal with Goodman for retirement villages in the UK (please see below). Shares in the Company added 2.25p to reach 87.50p earlier this morning.

In an article regarding more cost effective ways of sending text messages, The Sunday Times featured VYKE Communications (VYKE). The piece explained how the Company is able to offer its inexpensive alternative to mobile phone service providers, which can be free if both telephones have the VYKE software installed. Following this press attention, the shares increased by 1.50p to 78.00p today. The prices above were taken at around 10.36am on Monday, 20 August 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.

Hill Station (HLL): Placing Price Agreement.

Speymill Group (SYG): Joint Venture.

Synchronica (SYNC): Breakthrough Contract.

Look out for this week

Monday, 20 August – UK Rightmove House Price Survey (August). UK BBA Mortgage Lending Survey (July).

Tuesday, 21 August – Nothing of Note.

Wednesday, 22 August – UK CBI Monthly Industrial Trends Survey.

Thursday, 23 August – UK Q2 Provisional Business Investment.

Friday, 24 August – UK Q2 GDP First Revision.

The next Penny Share Review will be posted on Monday, 27 August 2007.

Compiled by Chris Richards.

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