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Penny Share Review 414

Monday 12 November 2007

The Guardian on Saturday featured Delling Group (DLG), detailing that the shares were steady and reiterating news that the Company acquired Swedish exhibition business Hennix Expo. This remained the case during early trading today, where the price stayed at 6.25p.

Ennstone (ENN) appeared in the “Week of Dealing” section of Saturday’s Daily Express, which noted Chairman, Vaughan McLeod, increasing his stake at 42.50p. Apparently, his holding is now worth over £5m, but the share price remained unchanged at 42.25p this morning.

Saturday’s Daily Mail included Galleon Holdings (GON), informing readers of a 2.25p increase in its share price on news of a deal with the largest television station in Malaysia. The agreement incorporated fees for system supply and management, as well as a revenue share, though there was no change to the price during this morning’s trading, remaining 29.25p.

The Sunday Telegraph suggested Matra Petroleum (MTA) was “worth exploring”, the shares having increased by over 85% in the last six months. The article reviewed news of an oil discovery on its first exploration well in Russia, one of four on the prospect, and that the business is looking for more acquisitions. It went on to note the Company has large supportive shareholders, such as Delek International Energy, though getting hold of stock could be tricky, as the shares are quite tightly held. The article concluded, “…definitely worth a look”, and the share price increased by a further 0.25p to reach 11.00p on Monday morning.

The Daily Express on Saturday reported an upturn in the share price of Oxford BioMedica (OXB), as the Company announced the appointment of JP Morgan Cazenove as broker and advisor. There was no further change to the price earlier today, which remained at 30.75p.

An increase in the share price of Tecteon (TEO) was reported by Saturday’s Daily Express, as joint venture news was well received by the market. The momentum appeared to spill over into Monday morning’s trading, where the share price added 0.05p to reach 1.10p.

The prices above were taken at 10.39am on Monday, 12 November 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.

Alltracel Pharmaceuticals (AP..L): Nanopeutics Agreement

Amphion Innovations (AMP): Issue of Equity.

Brightview (BRV): Transaction in Own Shares.

Central China Goldfields (GGG): Holdings in Company.

Desire Petroleum (DES): Holdings in Company.

Discovery Metals (DME): Test Results – Dikoloti.

Image Scan Holdings (IGE): Issue of Shares.

Kefi Minerals (KEFI): Artvin Update.

London Asia Capital (LDC): Holdings in Company.

Nexus Management (NXS): Trading Statement.

Nighthawk Energy (HAWK): Jolly Ranch Update.

Petards Group (PEG): Appointment of Advisor.

Plus Markets Group (PMK): Statement re New Trading Platform.

Synchronica (SYNC): E-mail Trail for iPhone Users.

Twenty (TWE): Contract Win.

ValiRx (VAL): European Technology Patent for Nucleosomics.

VYKE Communications (VYKE): Statement re Acquisition.

Warthog (WHOG): AIM Suspension.

Westside Acquisitions (WST): Exercise of Warrants.

Look out for this week

Monday, 12 November – UK Government House Price Data (September).

Tuesday, 13 November – Interim results from Proventec (PROV). UK RICS House Price Survey.

Wednesday, 14 November – UK Labour Market Data and Bank of England Inflation Report.

Thursday, 15 November – Final Results and AGM of Formation Group (FRM). UK Retail Sales (October).

Friday, 16 November – Nothing of note.

The next Penny Share Review will be posted on Monday, 19 November 2007.

Compiled by Chris Richards.

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.

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