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Penny Share Review 411

Monday 22 October 2007

The weekend’s Financial Times included Eurovestech (EVT), which commented on an increase in the share price after portfolio company, KSS, secured a deal with German software group SAP and CEO Leonard Bernstien sold shares to satisfy institutional demand. Saturday’s Daily Mail also provided coverage and suggested Landsbanki has a 27p price target. The share price was unchanged at 24.50p this morning.

The Times on Saturday featured an article regarding investment opportunities in Africa and reported that Hardeep Tamana of Stockbroker Fysche, Horton, Finney ‘likes the look of’ Lonrho (LONR), shares in which increased by 0.50p to 48.00p during early trading today.

PLUS Markets (PMK) received much press attention over the weekend. The Mail on Sunday highlighted the end to negotiations with project Turquoise, announced by the Company on Friday, although Turquoise was not itself named. Apparently, the deal broke down due to the consortium wanting to use a different technology to that used by PLUS and the PLUS Board’s belief that the deal would not be in the best interest of its shareholders. The piece noted a share price slip as a result of the news and this was also reported by Saturday’s Daily Telegraph and Independent. Furthermore, the Weekend’s Financial Times suggested that the collapse of negotiations is likely to reflect worse on Turquoise, as getting the right management in place will be key for the project. The Company’s share price dropped by a further 0.50p to 24.50p earlier today.

The Independent on Saturday remarked on a strong week for Van Dieman Mines (VDM), as its share price increased to 14.75p. Trading on Monday morning saw the shares fall back by 0.25p to 14.50p. The prices above were taken between 9.22am and 10.44am on Monday, 22 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.

Altona Resources (ANR): Greenhouse Initiative.

Caledon Resources (CDN): Convertible Loan Note Issue.

Carpathian (CPNR): Issue of Options to Directors.

Central China Goldfields (GGG): Dong Mao Huo Project.

e-pay Asia (EPY): Business Update.

Formjet (FMJ): Board Appointment and PANDA Update.

Intellego Holdings (IHP): New Product and Contract Win.

Matra Petroleum (MTA): Holdings in Company.

Oxus Gold (OXS): Final Results and Marakand EGM.

Rheochem (RHEP): Competent Persons Report.

Sareum Holdings (SAR): Fundraising.

Synchronica (SYNC): Award Win.

Taihua (TAIH): Issue of Equity.

Toledo Mining (TMC): Letter of Intent.

Vphase (Formerly Flightstore) (VPHA): Exercise of Warrants.

Look out for this week

Monday, 22 October – Final Results from Oxus Gold (OXS).

Tuesday, 23 October – CBI Quarterly Industrial Trends Survey.

Wednesday, 24 October – Global Marine Energy (GME) EGM.

Thursday, 25 October – Bank of England Financial Stability Report. UK BBA September Mortgage Lending.

Friday, 26 October – In Cup Plus (ICU) EGM.

The next Penny Share Review will be posted on Monday, 29 October 2007.

Compiled by Chris Richards.

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