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Penny Share Review 420
Monday 24 December 2007
Saturday’s Independent pointed out that shares in Conder Environmental (CDE) had fallen following a profits warning. There was no further downturn during early trading today, where the price was unchanged at 5.50p.
The Independent on Saturday remarked that shares in Eckoh Technology (ECK) had risen by 10% after the Company announced it had seen approaches from more than one potential offer party. This was also highlighted by Saturday’s Daily Telegraph, though there was no further change to the price this morning, which remained 6.875p.
Griffin Mining (GFM) appeared in the ‘Tiddler to Watch’ section of Saturday’s Times, which noted the Company has resumed sales of zinc concentrate and broker Seymour Pierce’s rating of the shares as a ‘buy’. The Independent on Saturday also reported upturn in the price and following this press attention, the shares added a further 1.00p to reach 85.50p earlier today.
The prices above were taken at 10.06am on Monday, 24 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): Exercise of Options and Change of Directors Interests.
DM (DMP): Share Buyback.
Ennstone (ENN): Director Shareholding.
Global Marine Energy (GME): Interim Results.
Mineral Securities (MXX): Final Results and Holdings in Company.
Petards Group (PEG): Disposal.
Look out for this week
Monday, 24 December – Results from Global Marine Energy (GME) and Mineral Securities (MXX). Hometrack UK House Price Survey (December).
Tuesday, 25 December – Christmas Day.
Wednesday, 26 December – Boxing Day.
Thursday, 27 December – UK BBA Mortgage Lending Approvals (November).
Friday, 28 December – Altona Resources (ARN.L), Knowledge Technology Solutions (KTS), Red Rock resources (RRR) & Regency Mines (RGM) AGM. UK Nationwide House Price Index.
The next Penny Share Review will be posted on Wednesday, 2 January 2008.
Compiled by Chris Richards.
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.
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