register and receive 3 compimentary small cap company reports

Penny Share Review 441

Monday 19 May 2008

Dermasalve Sciences (DRM) shares increased last week on news that the business agreed to make monthly payments to Trafalgar Capital in cash rather than shares, according to The Times on Saturday. The price was unchanged at 4.25p earlier today.

David Shand’s section of the Daily Express on Saturday included Earthport (EPO), citing rumours of an imminent contract win as being the catalyst for upturn in the shares. The price rose by a further 6.00p to 81.00p this morning.

Saturday’s Guardian noted a ‘surge’ in the shares of Hill Station (HLL), commenting that the Board are not aware of any reason for this movement. The momentum continued into this week, as the price added 0.05p to reach 0.275p.

Mediasurface (MSR) appeared in The Times on Saturday, commenting on a rise in the shares after accepting the 15p cash-and-shares offer from Alterian, which left it at roughly its float price. This was also reported by The Daily Telegraph on Saturday, though there was no further change to the price this morning, where the shares stood at 13.75p.

A large article titled “Tiny Lonrho has big ambitions” comprised part of The Mail on Sunday, providing a review of Lonrho (LONR), noting that commodities are fuelling the transformation of Africa. The piece concluded that the shares have come down since January primarily due to general market conditions, but noted that at current levels they are worth a ‘punt’, though not for the faint hearted. “…if (David) Lenigas delivers on his promises the rewards could be significant”. The shares were 0.50p higher at 33.00p today.

Derek Pain’s “No Pain, No Gain” section of The Independent on Saturday featured Nighthawk Energy (HAWK). Mr Pain appeared to be ‘singing the praises’ of the Company, and believes that once profit-taking is completed, the shares will continue upwards. Going on to mention a number of intriguing developments, and suspicion that more are in the pipeline, the article stated that there is every chance the Company’s share of the Cisco venture could exceed the Group’s £200m market cap and highlighted £14m in the bank. Following this press attention, the shares were 1.50p better off at 99.00p.

Saturday’s Daily Telegraph highlighted a 3p fall in the shares of Van Dieman Mines (VDM), after inappropriate plans for its Scotia project could lead to a shortfall in working capital. The Times also commented on this, and a further fall of 0.5p occurred during early trading today, leaving the price 7.25p.

Prices above were taken at around 10.25am on Monday, 19 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 Group (AMS): Joint Venture.

AIM Resources (AIMR): ASX Query.

Albidon (ALD): Announcement by Lion Selection Limited.

Caledon Resources (CDN): Final Minyango Payment.

Empyrean Energy (EME): Sugarloaf Block B Update.

Financial Payment Systems (FPS): AIM Suspension.

Formation Group (FRM): Appointment of Non Executive Directors.

Lonrho (LONR): Establishes New Company.

Oxford BioMedica (OXB): Rodman & Renshaw Healthcare Conference.

Pantheon Resources (PANR): Drilling Update.

Parkmead Group (PMG): Creation of Advisory Board and First Appointments.

Renewable Energy (REH): Research of Prospective CETO Site.

Tanfield Group (TAN): Holdings in Company.

Verona Pharma (VRP): Planned Asthma and Hay Fever Drug Passes Crucial Tests.

Look out for this week

Monday, 19 May – Rightmove House Prices (May).

Tuesday, 20 May – Results from Formation Group (FRM).

Wednesday, 21 May – UK Public Financed (April) and CML Mortgage Lending (April).

Thursday, 22 May – Results from Western & Oriental (WEST). UK Retail Sales (April).

Friday, 23 May – Results from Oak Holdings (OAH). UK Provisional GDP (Q1).

The next Penny Share Review will be posted on Tuesday, 27 May 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.