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Penny Share Review 410
Monday 15 October 2007
An article in Monday's Independent suggests that drivers caught speeding could “scrape some of their fines back by taking a punt” on Appian Technology (APN). A new deal with California-based Civica Software could be the signal for a significant turnaround in the Company's fortunes and is the first deal secured with an original equipment manufacturer (OEM). Confirmation of the deal by RNS helped add 0.25p to the shares this morning and they now stand at 6.13p, although some way off this year’s high.
According to Saturday's Independent, EBTM (EBTM) shares could be a good way of profiting from the shift from CD sales towards music merchandise. It mentions that the shares are cheap, trading at 5.4-times broker Blue Oar Securities’ projected earnings for 2008, falling to 3.7 times in 2009. The advice was “Even if this is not one for widows and orphans, it could be one for rockers. Buy.” However, the shares were unmoved in early trade at 4.75p.
A quite detailed article in the Sunday Telegraph talked of the acquisitive nature of NeutraHealth (NUT) since its listing on AIM in February 2005. It makes the point that the sale of a 20% stake to the Indian firm Elder for 16p a share was significantly above the then and current share price. NeutraHealth is looking to push forward sales at its existing businesses and has an expectation to hit £25m revenues and £3m profits this year, whilst significant growth will depend on managing acquisitions, in particular gaining traction in online sales. An associated article quoted Sir Gulam Noon (a non-executive Director) and his hopes for the business. Despite offering no specific advice, the shares reacted well today and were trading 0.75p better at 13.25p at the time of writing.
The prices above were taken at 10:51 on Monday, 15 October 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....
Apace Media (APA) – Statement regarding its Albanian broadcast operations.
Appian Technology (APN) – OEM deal with Civica
e-pay Asia (EPY) - Appointment of Company Secretary.
Eurasia Mining (EUA) - Loeb Aron appointed as joint broker to the Company.
Lonrho (LONR) - Acquired a further 6% of SA Liners Limited (SAILS).
Pentagon Protection (PPR) – Product trials for its recently launched energy efficient glazing membrane. Renewable Energy Holdings (REH) - Encouraging results from CETO technology in-sea trials.
Seeing Machines (SEE) – Financial Officer appointment.
Synchronica (SYNC) - Licence agreement for Mobile Gateway and Mobile Manager Backup & Restore.
Stratex International (STI) - Holdings in Company.
Venue Solutions (VSH) – YourDay sales at Alton Towers.
ValiRx (VAL) - Licence agreement with Chroma Therapeutics.
Look out for this week
Monday, 15 October – UK DCLG August House Prices.
Tuesday, 16 October – UK September CPI Inflation; DMO announcement of 24 October auction of 2037 index-linked gilts. Bank of England announces size of 3-month interbank funds auction.
Wednesday, 17 October – Bank of England 4 October interest rate decision meeting minutes; UK labour market data’ Bank of England interbank funds auction result.
Thursday, 18 October – UK September mortgage lending (three studies); September provisional M4 and M4 lending; September retail sales and September public finances.
Friday, 19 October – UK preliminary GDP.
The next Penny Share Review will be posted on Monday, 22 October 2007.
Compiled by Kevin Wallace and Andrew Thacker
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.