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Penny Share Review 417

Monday 03 December 2007

Claims People (CLM) featured in Saturday’s Daily Express, noting talk that the Company has improved its profits, moving from interim levels of £10,000 to around £100,000 for the year, but this was unable to move the share price. However, earlier today, the shares added 0.075p to reach 1.55p.

The Daily Express on Saturday commented that Croma Group (CMG) was one of the market’s top performers, suggesting a “bullish trading update” is likely to accompany results due later in the month. The positive performance continued this morning, where the share price added a further 0.25p to reach 4.25p.

A fall in the price of DawMed Systems (DSY) was reported in The Times on Saturday, after Friday’s trading statement warned of full-year losses, due to IT system integration delays and NHS funding issues. A delay to the publication of accounts was also reported. Nevertheless, there was an upturn in the share price during earlier trading today, which increased by 0.50p to 3.50p.

A profile of Intelligent Environments (IEN) CEO Philip Blundell appeared in today’s Daily Telegraph. The piece reviewed developments at the business, including its growth to a £155m market cap during the tech boom and subsequent fall from these levels, and cited Blundell’s belief of future growth, despite the current economic climate. He noted that credit card rejection levels had remained fairly stable, but that the business had seen a sharp increase in people investing into savings accounts. The article suggested that by 2010, 70% of people will use online banking, which should drive demand for the Company’s software. Following this press attention, the share price rose by 0.25p to 7.875p.

Saturday’s Times and Independent both highlighted a fall in the price of Reflec (REF), after a drop in profits was reported in its results statement last week. There was some recovery in the price during Monday morning’s trading, which was 1.00p healthier at 15.00p.

The prices above were taken at 10.36am on Monday, 3 December 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.

Albidon (ALD): Issue of Incentive Options and Audio Broadcast.

Amphion Innovations (AMP): Airport Security Deal.

Ariana Resources (AAU): Drilling Results.

Caledon Resources (CDN): Operational Update.

Central China Goldfields (GGG): Nileke Copper Miners Joint Venture.

Coffeeheaven International (COH): Interim Results.

Cybit Holdings (CYH): Interim Results.

Earthport (EPO): Change of Advisor.

Griffin Mining (GFM): Metals Circuit Commissioning.

Henderson Morley (HML): Material Transfer Agreement.

Timestrip (TIME): Premier Foods Trial Timestrip.

Look out for this week

Monday, 3 December – Results from Coffeeheaven International (COH) & Cybit Holdings (CYH). Innobox (INO) AGM. UK Manufacturing PMI (November).

Tuesday, 4 December – UK BRC Retail Sales Monitor (November).

Wednesday, 5 December –EiRx Therapeutics (ERX) AGM. UK Services PMI (November)

Thursday, 6 December – Greatland Gold (GGP) AGM. Bank of England Interest Rate Decision.

Friday, 7 December – 1PM (OPM) AGM.

The next Penny Share Review will be posted on Monday, 10 December 2007.

Compiled by Chris Richards.

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