register and receive 3 compimentary small cap company reports

Penny Share Review 437

Monday 21 April 2008

Penny Share Review 437 Saturday’s Independent noted upturn in the share price of Angel Biotechnology (ABH), citing speculation regarding a deal with a European pharma group, discussions concerning which were confirmed by the Company on Friday. This was also commented on in Saturday’s Guardian, and the trend appeared to continued into this week, as the shares increased by 0.03p to 0.295p this morning.

The Sunday Times rated Lonrho (LONR) as a “speculative buy” in its business section. The article provided a review of the business, detailing various endeavours including the shipping line and water bottling plant, and pre-empted today’s announcement regarding the logistics park (please see below). The shares were 0.75p higher at 32.25p earlier today.

The Sunday Telegraph included a large article on Mavinwood (MVW). Highlighting its storage facilities in Corsham, the article noted CEO Kevin Mahoney’s philosophy of constantly redefining the business model to protect margins and drew attention to a focus on organic growth in the near future. Institutional and banking support was also mentioned and Adam Hart (Chairman of the AIM Advisory Group of the LSE) commented on the ‘savvy’ management team and that outsourcing paper storage makes sense for those in and around the City in his “Expert Eye” section. The shares increased by 0.25p to 15.00p earlier.

Oxford BioMedica (OXB) comprised part of the ‘Broker Buys’ section of the Daily Mail on Saturday, highlighting Panmure Gordon’s ‘buy’ recommendation at 22p, after ProSavin was given to another patient, implying no safety issues had been raised. This was also noted in Saturday’s Guardian and improvement in the shares was reported by The Independent on Saturday. The price rose by a further 1.50p to 24.75p during early trading today.

Rheochem (RHEP) appeared in The Mail on Sunday, under the headline “City ignores the value of Rheochem service arm”. The piece commented that the valuation seems ill judged, pointing out that the Company differs from its peers, being an exploration and development organisation that also makes drilling fluid, and noted it is profitable and growing at over 20% per annum. Suggesting that oil prices mean more companies are drilling and therefore more business for RHEP, the article concluded, “the stock is not without risks, but it could yield generous rewards over the next year or two.” Following this press attention, the shares added 0.25p to reach 13.25p.

Prices above were taken at around 10.26 am on Monday, 21 April 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 (ALD): New Botswana Nickel JV and Shareholder Notice.

Ariana Resources (AAU): Joint Venture Finalised.

Capital Ideas (CAPT): Acquisition.

Desire Petroleum (DES): Exercise of Options.

Empyrean Energy (EME): Sugarloaf Block A Update.

Emed Mining (EMED): Final Results.

Formjet (FMJ): Panda Software (UK) Update.

ILX Group (ILX): Post Year-End Trading Update.

Lonrho (LONR): Angolan Logistics Centre.

Networkers International (NWKI): Final Results.

Retec Digital (RET): Development of Movie Download Kiosk.

Starvest (SVE): Interim Results.

Timestrip (TIME): Nando’s to trial Timestrip.

Virotec (VTI): Holdings in Company.

Look out for this week

Monday, 21 April – Results from EMED Mining (EMED), Networkers International (NWKI) and Starvest (SVE). Rightmove House Price Index (April).

Tuesday, 22 April – Results from Tanfield Group (TAN).

Wednesday, 23 April – UK Average Weekly Earnings (February).

Thursday, 24 April – UK Quarterly Industrial Trends Survey and Retail Sales (March).

Friday, 25 April – UK Q1 Preliminary GDP Estimate.

The next Penny Share Review will be posted on Monday, 28 April 2008.

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.

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.