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Penny Share Review 461
Monday 06 October 2008
A Bullish AGM address aided an increased in the shares of Air Music & Media (AMU), according to the Daily Mail on Saturday, though there was no further change to the price earlier today, remaining 58.50p.
Saturday’s Daily Mail suggested that Intandem Films (IFM) “appears to have a box office hit on its hands” with ‘How to Lose Friends and Alienate People’, reporting that the film has received good reviews. The shares were 0.125p better off this morning at 2.125p.
The weekend’s Financial Times included an article regarding agricultural expansion in Angola, which aims to exploit its fertile soil. The piece noted that Lonrho (LONR) is seeking financing for a 20,000 hectare project as part of a strategy to acquire 10 times that area. Despite this press attention, the shares were unchanged at 16.75p during early trading today.
Prices above were taken at around 10:03am on Monday, 6 October 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.
CareCapital (CARE): Proposed Loan/Approval of Warrants and Waiver/EGM.
Discovery Metals (DME): Drilling Report.
Gippsland (GIP): Successful Placing of Shares.
Ormonde Mining (ORM): Drilling Report.
Proventec (PROV): Acquisition.
ReGen Therapeutics (RGT): Zolpidem Review.
Tanfield Group (TAN): Director Shareholding.
Look out for this week
Monday, 6 October – Nothing of note.
Tuesday, 7 October – Manufacturing Output Report (August).
Wednesday, 8 October – Nationwide Consumer Confidence Index (October).
Thursday, 9 October – Bank of England Interest Rate Decision.
Friday, 10 October – Nothing of note.
The next Penny Share Review will be posted on Monday, 13 October 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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