register and receive 3 compimentary small cap company reports

Penny Share Review 429

Monday 25 February 2008

Air Music & Media (AMU), Millbrook Scientific Instruments (MBK) and e-pay Asia (EPY) all got a brief mention (in a list of ten AIM companies) in the Guardian from Saturday, which reported on the work of broker Seymour Pierce, who highlighted that “new management can quickly unlock value” and reward shareholders in 12 to 15 months. The research nevertheless failed to lift the shares today, with all three unchanged so far, with AMU at 56.5p, EPY at 2.75p and MBK at 1.5p.

In a ‘Review of the Week’ section, Saturday’s Independent mentioned its midweek ‘Speculative Buy’ recommendation on Altona Resources (ANR) and recapped on plans to turn vast coal deposits in South Australia into gas and synthetic fuels with help of a mystery Chinese investor. The shares remained at 5.75p this morning.

Shares in Encore Oil (EO.L) rose last Friday on bid talks, the Weekend FT noted, as traders were betting that companies in the UK gas market were looking at those with gas storage capability, following the £354m acquisition of Star Energy by Petronas. It would seem the bid speculation is continuing, as the shares moved higher by 2.5p today to 52.25p.

Monday’s Financial Times reported on the possibility of some form of collaboration between new AIM entrant today Darwen Holdings and Tanfield (TAN), given Roy Stanley’s position as Chairman at both companies. Darwen, a Hybrid bus manufacturer of low emission buses, could work with Tanfield on smaller vehicles. Tanfield perked up today, trading 4.75p higher at 96.5p.

Prices above were taken at around 10.30am on Monday, 25 February 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.

Albidon (ADN): Options Issue.

Business Control Solutions (BCS): Product Launch.

Cambridge Minerals (CMR): Progress Update.

Conroy Diamonds & Gold (CDG): Interims.

CybIT (CYH): Contract.

Desire Petroleum (DES): Suspension of shares pending an announcement.

Henderson Morley (HML) – PREPS survey outcome.

Retec Digital (RET): Interims.

West African Diamonds (WAD) – Geophysical Survey.

Look out for this week

Monday, 25 February –Mortgage lending data.

Tuesday, 26 February – Provisional business investment.

Wednesday, 27 February – Q4 GDP.

Thursday, 28 February – Carpathian Resources and IDOX AGMs. Land Registry Jan house price index.

Friday, 29 February – M4 money supply and consumer sentiment survey.

The next Penny Share Review will be posted on Monday, 3 March 2008.

Compiled by Jason Robertson.

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.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.