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Penny Share Review 457

Monday 08 September 2008

A large article concerning CoffeeHeaven International (COH) appeared in the weekend’s Financial Times, which provided some background information on the business. Whilst noting its Central and Eastern European focus, the piece also detailed recent rumours of the Company being a takeover target, though Chairman Richard Worthington commented that when he started out, there was no big game plan to get the business up and running and then sell. An increase of 1.00p was evident in the price, which grew to 37.50p, following this press attention.

Derek Pain’s “No Pain, No Gain” section of Saturday’s Independent featured Nighthawk Energy (HAWK), in a quarterly review of the portfolio. Dubbing the Company “my June star”, Mr Pain noted that the Group had felt the effect of the energy sector “coming off the boil”, but commented, “I am convinced Nighthawk is among the best of the junior energy plays”. The shares were 2.25p better of this morning at 78.75p.

SmartFocus (STF) appeared in the ‘Deal of the Day’ section of Saturday’s Times, after FD Neil Thomas increased his stake. Meanwhile, The Independent on Saturday noted a fall in the shares, after disappointing Interim Results. Earlier today the stock was unchanged at 8.25p.

Prices above were taken at around 10:43am on Monday, 8 September 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.

DDD Group (DDD): Interim Results.

Desire Petroleum (DES): Environmental Impact Assessment.

Eckoh Technology (ECK): Wins Multi-Million Pound Contract.

Frontier Mining (FML): Benkala Contract and Operations Update.

Lithic Metals & Energy (LMY): High Grade Nickel Results at Kpote, Togo.

Meridian Petroleum (MRP): Operations Update.

Nexus Management (NXS): Contract Win and further re; PD Financial.

Sinosoft (SFT): Interim Results.

Vivomedica (VVM): AGM Statement.

Zambezi Resources (ZRL): Non Renounceable Rights Issue.

Look out for this week

Monday, 8 September – Results from DDD Group (DDD) and Sinosoft (SFT). UK Producer Price Index (August). UK Consumer Credit (July).

Tuesday, 9 September – Results from Advanced Medical Solutions (AMS). RICS House Price Balance (August). UK Industrial Production (July).

Wednesday, 10 September – UK Global Trade Balance (July).

Thursday, 11 September – US Treasury Budget (August). UK Bank of England Inflation Attitudes Survey.

Friday, 12 September – US Producer Price Index (August).

The next Penny Share Review will be posted on Monday, 15 September 2008.

Compiled by Chris Richards

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