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Penny Share Review 462
Monday 13 October 2008
Dowgate Capital (DGT) appeared in Saturday’s Daily Mail, which noted downturn in the shares, despite Director Dru Edmonstone adding to his stake. There was no change this morning, as the price stayed 8.25p.
The same journal highlighted last week’s news that Lonrho (LONRO) had signed agreements to develop an aggregate project in Angola. The article noted that the shares had eased following this, though the price was 2.42p better earlier today at 11.25p.
News of cost cutting measures by Neutrahealth (NUT) preceded an increase in it’s share price last week, according to Saturday’s Times, though the momentum failed to spill over onto Monday morning, where the shares were unchanged at 2.625p.
Prices above were taken at around 10:30am on Monday, 13 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.
Albidon (ALD): Minali Nickel Project Update.
EMED Mining (EMED): Significant Shareholding and Proposed New Directors.
First Artist Corporation (FAN): Acquisition of SpotCo & Readmission to Trading.
Galleon Holdings (GON): First Earn-Out Payment – Yunbo.
Gold Oil (GOO): Acquisition and Operational Update.
Mercator Gold (MCR): Corporate Update.
Networkers International (NWKI): Director Shareholding.
Oxford BioMedica (OXB): Board Appointment.
Retec Digital (RET): Product Trials with Debenhams.
Stratex International (STI): Joint Venture with Syrah Resources.
Vphase (VPHA): MoU with British Gas Services.
Look out for this week
Monday, 13 October – Producer Prices Index Output and Input.
Tuesday, 14 October – RICS House Price Survey. CPI and RPI Inflation.
Wednesday, 15 October – Unemployment Figures.
Thursday, 16 October – RICS Property Market Survey.
Friday, 17 October – Nothing of note.
The next Penny Share Review will be posted on Monday, 20 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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