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Penny Share Review 423

Monday 14 January 2008

The Times on Saturday reported upturn in the share price of Empyrean Energy (EME), after it announced natural gas shows at its Sugarloaf prospect. This momentum appeared to spill over into earlier trading today, where a further 0.50p was added to the price, reaching 33.75p.

Saturday’s Guardian noted an increase in the price of Imaginatik (IMTK), as the Company announced two contract wins with a global consumer goods organisation and a major retailer. The shares remained 3.875p this morning.

Verona Pharma (VRP) appeared in the weekend’s Financial Times, which commented on Directors Clare Poll and Stuart Bottomley increasing their stakes by taking part in the recent placing at 4p. There was no change to the share price during Monday morning’s trading, which stayed at 5.25p.

Today’s Daily Telegraph featured a profile of Tommy Jensen, Chairman of VYKE Communications (VYKE), who described the business as the ‘easyJet of the communications world’. The article outlined discounts the service potentially offers users on international and domestic calls, compared to traditional services, and its growing customer base. The UK is now in the Company sights and it will be advertising on London taxis. Despite this press attention however, the share price was unchanged at 74.50p earlier today.

The prices above were taken at 9.53am on Monday, 14 January 2008.

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.

Angel Biotechnology (ABH): Additional Listing.

Ariana Resources (AAU): Kiziltepe Drilling and Business Update.

Baqus Group (BQS): Three Major Project Wins.

Braemar Group (BRG): Director Shareholding.

Central China Goldfields (GGG): Senior Management Appointments.

Desire Petroleum (DES): Appointment of Director.

EMED Mining (EMED): Drilling in Slovakia.

Global Marine Energy (GME): Trafalgar New Homes Re Option Agreement.

Minco Drilling Report (MIO): Drilling Report.

Mineral Securities (MXX): Further re Platmin Share Acquisition.

Renewable Energy (REH): EDF EN Collaboration.

Sefton resources (SER): Operations Update.

Stanelco (SEO): Pre Close Update.

Synchronica (SYNC): Directorate Change.

Tanfield Group (TAN): Statement re Share Price Movement.

Tertiary Minerals (TYM): Final Results.

Timestrip (TIME): Re Further Success.

West African Diamond (WAD): Trading Statement.

Look out for this week

Monday, 14 January – UK Government House Price Figures (November). Results from Tertiary Minerals (TYM).

Tuesday, 15 January – UK CPI (December).

Wednesday, 16 January – UK Labour Market Data.

Thursday, 17 January – BCC Economic Survey.

Friday, 18 January – UK Retail Sales (December).

The next Penny Share Review will be posted on Monday, 21 January 2008.

Compiled by Chris Richards.

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