Penny Share Review:

• Issue 474 : 05 Jan 2009
• Issue 473 : 29 Dec 2008
• Issue 472 : 22 Dec 2008
• Issue 471 : 15 Dec 2008
• Issue 470 : 08 Dec 2008
• Issue 469 : 01 Dec 2008
• Issue 468 : 24 Nov 2008
• Issue 467 : 17 Nov 2008
• Issue 466 : 10 Nov 2008
• Issue 465 : 03 Nov 2008
• 2009 Archive
• 2008 Archive
• 2007 Archive
• 2006 Archive
• 2005 Archive
• 2004 Archive
• 2003 Archive
• 2002 Archive

Penny Share Review 439

Tuesday 06 May 2008

Desire Petroleum (DES) appeared in The Daily Telegraph today, in an article regarding the increase in shares of Falkland Island oil explorers. Noting that this was despite a lack of news, the piece went on to suggest that Desire’s unnamed farm-in partner was Arcadia, though this was not confirmed by the Company. The shares were 2.25p lower at 86.75p this morning.

Increase in the shares of EBTM (EBTM), following last week’s pre-close trading update, was noted by Saturday’s Independent, though the price was 0.50p worse off at 4.25p earlier today.

Today’s Independent included coverage of Plant Impact (PIM), stating that the technology enables farmers to use less fertilizer, which is better for the environment. It continued that higher fertilizer costs should help the business and that CEO Peter Blezard believes sales will reach £10m within 3-5 years, making the Company a potential takeover target. Apparently, discussions have been had with a number of suitors. The paper highlighted that the annual United Nations Commission on Sustainable Development will be convening later in New York, the outcome of which will be of particular interest to PIM, which is trying to get exposure in the house of commons, and the shares were 0.50p stronger at 51.50p following this press attention.

Shares in Silentpoint (SLP) increased, due to management buying stock, according to The Independent on Saturday. The price was unchanged at 8.00p on Tuesday morning.

Prices above were taken at around 9.42am on Tuesday, 6 May 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.

Advanced Medical Solutions (AMS): Woundcare Meetings.

Galleon Holdings (GON): Financial PR Appointment.

Lithic Metals & Energy (LMY) (Formerly Zambezi Nickel): Progress Report.

Lonrho (LONR): Water Sector Update.

Motive Television (MTV): Issue of Equity and Director’s Dealings.

Oxus Gold (OXS): Re Arbitration.

Rheochem (RHEP): Change of Auditor.

Rift Oil (RIFT): Puk Puk-1 Drilling Commences.

Timestrip (TIME): Subscription by the Company.

Look out for this week

Tuesday, 6 May – UK Services PMI (April).

Wednesday, 7 May – Nationwide Consumer Confidence (April).

Thursday, 8 May – Bank of England Interest Rate Decision.

Friday, 9 May – Oxford BioMedica (OXB) AGM. England and Wales Q1 Mortgage Repossessions.

The next Penny Share Review will be posted on Monday, 12 May 2008.

Compiled by Chris Richards.

Penny Shares Online - penny shares research and information service.