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Penny Share Review 404

Monday 03 September 2007

According to the Daily Telegraph from Saturday, Interactive Gaming Holdings (IGH) has somehow run up a debt of up to £250,000 with betting exchange Betfair. For a small betting company such as IGH, owing such an amount would be a sensation. The shares remain suspended.

Several papers report on the takeover approach for World Television (WTV) that was announced last Friday, just minutes before EGM approval was gained for the de-listing from AIM. According to Monday’s Daily Telegraph, punters speculated on possible interest coming from a ‘white-knight’ bidder, which drove the shares 0.15p higher to 0.25p. The Board and its advisers are trying to obtain further information about the takeover proposal. The equity traded unchanged on the day at 0.25p this morning.

The prices above were taken at around 11am on Monday, 3 September 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.

Aquilo (AQL) – Update.

Brightview (BRV) – Results.

Croma Group (CMG) – Trading Update.

Dermasalve (DRM) – Agreement.

Empyrean Energy (EME) – Holding.

Europa Oil & Gas (EOG) – Drilling Report.

Formation Group (FRM) – Trading Statement.

Hardide (HDD) – Re Orders.

Irvine Energy (IVE) – Acquisition completion.

Omega Diagnostics (ODX) – Acquisition completion.

Pantheon Resources (PANR) – Director Appointment.

River Diamonds (RVD) – Notice of EGM.

Look out for this week

Monday, 3 September – Brightview (BRV) results

Tuesday, 4 September – UK retail sales monitor.

Wednesday, 5 September – Screen FX (SFX) AGM

Thursday, 6 September – Bank of England September interest rate decision.

Friday, 7 September – Zambezi Resources (ZRL)

The next Penny Share Review will be posted on Monday, 10 September 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.

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.