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Penny Share Review 453
Monday 11 August 2008
Today’s Independent featured Access Intelligence (ACC), pointing out that the Company has lost 60% of its value during the last 12 months, but that a strategic review in place will “no doubt make everything better”. The article went on that there is likely to be quite a lot of news about the business in coming months, with plans to sell the storage and archiving side, leaving it focused on key division. Nevertheless, the shares were unchanged at 1.625p this morning following this press attention.
Prices above were taken at around 9:51am on Monday, 11 August 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.
1PM (OPM): Successful Placing to Underpin Business Growth.
Ennstone (ENN): Notice of Results and Trading Update.
First Artist (FAN): Acquisition of Spot & Company of Manhattan, and AIM suspension.
Kefi Minerals (KEFI): Geophysical Survey Identifies Drill Targets.
Mineral Securities (MXX): CopperCo Substantial Shareholder Notice.
Plant Impact (PIM): Notice of AGM.
Look out for this week
Monday, 11 August – RICS House Price Balance (July). UK PPI Input/Output Data (July).
Tuesday, 12 August – UK Consumer Price Index (July) and Local Government House Prices (July).
Wednesday, 13 August – Bank of England Quarterly Inflation Report. UK Unemployment Data (June).
Thursday, 14 August – US Inflation.
Friday, 15 August – US Industrial Production and Consumer Sentiment.
The next Penny Share Review will be posted on Monday, 18 August 2008.
Compiled by Chris Richards.
Penny Shares Online - penny shares research and information service.
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.
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