From this weekends article from uk-analyst.com

Time to board the Ofex Express

Says Luke Heron of WatsHot.com

It is an irony in itself, but the downside of which I don't resent. For a good many years, my name was synonymous with the OFEX market, a fact that did not do me any favours as the market hardly covered itself in glory. However, it was and remains my belief that the concept of a three-tier market in the UK is the only way forward. Historically, my support for what was at the time, a widely discredited, joke, matched bargain facility was rather similar to my own reputation. Those who spoke out in favour of OFEX won few friends. The reality now is vastly different. When Simon Brickles joined Plus Markets Group, the AIM traded owner of OFEX, he brought with him a new credibility, coupled with a determination to create a realistic alternative to AIM. Forget all that you have heard about OFEX not wanting to compete with AIM, that is hogwash. Inside of two years, it is my believe that what is now OFEX (though will most likely be called Plus) will have more constituents than AIM.

For those that wonder how an argument can be made for a three-tier market and at the same time claim that OFEX wants to compete with AIM; let me explain. The concept of a three-tier market is perfect. A low-level entry for established, but smaller, high growth companies - this entry-level market also includes junior resource stocks and other start-up businesses. Ideally, these companies will have a market capitalisation of sub 10 million pounds. The second-tier will be still be smaller and mid-sized enterprises, but have established a period of trading, profitability, institutional support and perhaps other criteria, which separate them from the entry-level companies. The top tier, currently the main market fully listed giants, the majority of whom have their shares traded via auction, or SETS (Stock Exchange electronic trading service), make up the third and final instalment of the UK list.

Originally SETS was intended just for FTSE 100 companies, but that soon changed. I headed up the desk that handled the average pricing system for large FTSE trades at the time of launch at Merrill Lynch. It was a complete disaster - not through my own doing I hasten to add. Since then, it has improved dramatically and the electronic order book that executes hundreds of trades a second has now been rolled out onto AIM. This is where the threat is for traditional market makers. With around 50 stocks now covered on AIM, the likes of Winterfloods, Teather & Greenwood, Shore Capital etc etc, are slowly but surely, having their playground taken away from them. Make no mistake, the market makers are still dominant in well over 1,000 AIM traded equities and even some fully listed companies, but there will come a time when this is not so.

It is little surprise that the automatic order-driven trading service is so successful. SETS is flexible and transparent, ensuring that every buy or sell order receives maximum exposure, resulting in a seamless and cost-effective execution - this is more than can be said for AIM itself. Order book trades in UK and Irish securities are covered by a central counterparty operated by the London Clearing House. No person-to-person broker-to-market maker contact, just buys matched against sells. The irony here is that this is precisely the way the most junior of the three-tier markets, OFEX, started out. Indeed, it is perhaps the most remarkable feature in the evolution of the financial markets, that will eventually see matched bargains for the upper tier and a market maker based facility for smaller companies. A complete reversal. The demographics of the UK markets have literally been turned on their heads in the space of just 8 years.

You may question the need to hear all of this and I apologise if this is already familiar to you - it is not my intention to patronise, however the transition at OFEX itself has been remarkable. The reason that so many brokers and market makers supported the circa 3 million fundraising by Plus Markets in September was itself a recognition that OFEX is the future for smaller companies.

There was a time when even to utter the words credibility, efficient, cost effective alongside the OFEX market, would conjure up looks of disgust. But now, the OFEX market is one which represents an almost identical regulatory structure in the terms of the protections it offers to investors, as AIM. In fact, you (as a private investor) will have no less protections offered to you as you would on AIM and shortly, the tax advantages, including SIPP eligibility, will make it even more attractive. Furthermore, with 4 market makers, 3 currently on stream and a further market maker set to go live in the next couple of months; the ease at which it is possible to buy and sell is no different to companies of a comparable market capitalisation on AIM. In fact, it is far better on OFEX than it is on AIM in many cases. When the SETS system is rolled out, companies with too few shareholders or those with little liquidity, will find themselves in a real squeeze. Like them or loathe them, market makers for smaller companies, will always be here and you can take it for granted that on OFEX, they are there to stay.

The purpose of this article is, I admit, to try and persuade those with reservations about OFEX, to consider taking a leap of faith. In time, I simply do not believe that those who like AIM the way it is now, will able to transact the kind of deals they do now, anywhere other than OFEX. I will eat a very large slice of humble pie if, come the shell company deadline on AIM; a good few AIM listed companies do not make the step to OFEX. There is no where else for them to go.

It is not just shell companies though. AIM listed constituents with a market capitalisation of sub-10 million really have no place on AIM. The costs simply do not make it worth while in the majority of cases. There will come a time when, like dominoes, AIM traded constituents will take the decision to move. It only takes one. The first companies are inevitable, as soon as it starts, I seriously think that AIM will have trouble holding on to a vast quantity of its constituents. Excuses for maintaining a senior listing will fade, as more and more realise that in many cases it is nothing more than a vanity-fuelled exercise. Some claim that the reason they are listed there is because it is the only way they could get funding. This is changing. If the investment proposition is strong enough, there is an army of institutions and wealthy individuals that would happily back an OFEX listed company. Merrill Lynch, Gartmore, SVM, Nigel Wray - the list goes on and on and includes the biggest names in the City. The ONLY reason companies go to AIM is because that is where they are directed by the broker/NOMAD as they themselves are incapable of raising money for many propositions anywhere other than AIM. This too is changing. The humble public offer is also making a welcome return.

It is time to take a leap of faith. I don't cover that many companies on OFEX at the moment, but there is a mountain of undervalued gems still waiting to be discovered. Two constituents that I follow on WatsHot, Ashpool & MyHome, have doubled in the past 12 weeks. There is more to come from both of these constituents and others too. An Indian music company, Saregama, has just seen a return to profitability. Sound Alert is showing great promise too. Techclean, a little known sub-1m market cap franchise company with just a handful of shareholders, has recently seen director share purchases and is now seeking permission to restructure the capital of the business in order to pay dividends. Again, an opportunity is clearly apparent here. There are countless others. These situations will not remain unnoticed indefinitely. There is a sea of change sweeping over the junior market - but it could leave many behind. This is a rallying cry to all those that snub OFEX. If you don't get over your own misconceptions of what OFEX is, you will miss out. It has moved from being a haven for the stupid, to a haven for the brave and now it is a haven for those with foresight. My advice is to be one of the latter, not end up looking like the former.

There are very few brokers that do not trade in OFEX shares and therefore, one can transact bargains with great ease. If your broker doesn't currently deal in OFEX, it is foolish, backward and entirely disconnected from the City. It is my contention that over the course of the next 12 months, there will be at least 100 AIM listed constituents that decide to take the step up to OFEX. I say step up, as for many, whose shares rarely trade and enjoy very little liquidity, OFEX really could be a breath of fresh air. Aside from that, the fact that a company could realistically save in excess of 100,000 per annum just switching markets and sacrificing little else, is reason enough in many cases. With European legislation also threatening listing costs, one has to question how long AIM will be financially viable for many of its constituents.

In the last 6 weeks, through the new Plus Markets trading platform, it has become possible to transact buy and sells of AIM listed companies away from the LSE. I imagine that in the next 4-6 months, Plus will merge its trading platform with OFEX. This is likely to coincide with a raft of AIM constituents joining OFEX, many of whom have seen greater liquidity in their shares via Plus, than via the their official AIM listing on the LSE. It is not a question of if, but rather when this all happens, as it surely will. When Plus and OFEX become one, when the enlarged Plus Market has AIM constituents fleeing to it in their droves, retail punters that enjoy smaller company investing will have little place to go. Don't get left behind. It is time to change, it's time to board the OFEX express.

cheers GF.

3 that have bagged in the last 12 weeks or less.....

Ashpool

My Homes

Heritage Petroleum

Feonic the next one????????????????????????????

cheers GF.

A quiet day to day, but tomorrow who knows.

cheers Gf.

Agree there is much more interest in ofex shares and so far I'm very pleased with the performance of Plus Markets shares PMK. I like several but find it difficult to get an online quote through Hoodless B and Squaregain. I know I could probably ring them to buy but it does make it difficult to do research. any info welcome.

I would warn people off OFEX stocks.

Liquidity is poor.

Also when you try and sell you are offered way below the bid.

DON'T touch any OFEX company.

THAT IS TOTAL STUPIDITY.

Ofex is offering you as an investor the chance of a life time at the moment.

Put is this way I have invested in ashpool and am 124% up.

I have invested in Heritage pet, and I am 187% up.

I have invested in Vicorp and I am 31% up.

I have no losers.

Simple as that.


cheers GF.

Heres links to get involved. And please remember its just as cheap to buy a stock on ofex as it is with Aim or the main market. I must admit this was a grey area I was concerned with initially. No problems now and the first lot in should make a bomb.

Companys dealing,

The Share Centre

T D Waterhouse

Jarvis Securites

E Trade

and lots lots more.


http://www.ofex.com/index.shtml

http://www.finfoex.com/forum/index.php

cheers GF.

By the way no silly shorters.

cheers GF.

The profit figures you quote are all well and good but try and sell your shares at the bid price and you will struggle.

You will get way below the bid for any decent volume.

If you are a small time punter then fair enough but I like to take 5k stakes at least and OFEX is not the place.

I speak from experience.

No problems at all now on that market re to liquidity.

cheers GF.

Disagree.

Try and sell some of your holdings in decent volume and will be offered way below the bid price.

FACT.

Ive done it, no problems at all. I suggest you revisit the new market and try it out yourself.

cheers GF.

Back to top.

cheers GF.

MATT,

Certainly in the past what you say was correct, but recently I think things have changed on OFEX, and there is competiton between Mm's in at least some stocks.

I currently only hold one Ofex stock, CDE, and I have noticed some decent sized sells there at close to the bid, although the stock is in short supply, so maybe they were pleased to take it anyway.

IMHO, Ofex is about to become a much bigger market, and will, IMO, become the market for smaller junior companies to list on, before moving up to the AIM market.

Despite what some people think, the Ofex is regulated at least as much as AIM, and maybe more so, so I think the risk element is certainly no greater than AIM, and could be less.

One of the key things about Ofex is that it is much less expensive to get a listing than on AIM, but it is pretty tightly regulated (isn't everything these days).

Matt,

One or two Ofex stocks have had a good run lately.

My own favourite is Concorde Oil and Gas, which I have held since the early days, and I have strted a thread on CDE here on Moneyam, if you want to read about the company.

Liquidity in the longer term here shouldn't be an issue, as they are committed to transferring to AIM as soon as they conclude a deal and lose their cash shell status.

MYhome is another superb performer, IMO, and has trebled recently, is a sound business model, and makes a profit!

Look at the growth at Myhome, another small acorn starting to sprout into a larger tree.

IMHO Ofex has some gems, and these are likely to become more common as the AIM cash shells move down due to the new reguations. More companies will increase liquidity, and interest, IMO.

And OFEX is due to be renamed PLUS Markets, or similar, I believe, so a new name may indeed herald the start of a new and more exciting era for our most junior market.

Mighty Micro,

Yes indeed, in fact some people say Ofex is now MORE regulated than AIM!

Recent events with LGB, and possibly NML, possibly suggest that this may have some substance to it.

And Ashpool and Heritage Petroleum have had fantastic runs. watch out for Ashpool going even higher very soon, Command TV is about to announce NEW CLIENTS.

I think if you go deeper into Lukes article above it will be companys coming down from Aim onto ofex that will be the norm and not the other way.

cheers GF.

Just like to say aswell its just as easy to buy an Ofex stock with the majority of brokers as it is any other stock. Just as cheap aswell, this used to be the thing that used to put me off initially.

cheers GF.

PMK/ofex website very well presented and worth a look. you even get a sliding line to run over a share showing daily trades. PMK sp still good value.

GF,

Squaregain allow online trading of Ofex stocks, another incentive to those that haven't traded it before.

Yup and so do the Share Centre. I think Jarvis and T D Waterhouse do aswell. Others use phone accounts. Its all so easy and not a thing to put investors off.

cheers GF.

Feonic up nearlly 50% already this morning. please take a look at the individual thread.

cheers GF.

Like the look of a couple of other stocks there too:

SHE (Sheba Exploration) - mc 1m - drilling update due soon - last RNS reported good progress.

DOM (Dominion Energy) - mc circa 3m - raised money a few weeks back - any positive drilling results could see some gains.

All IMHO.

Yup theres a lot missing out here Double6.

cheers GF.

Just gone up 61% now Feonic, and still far far more to come. We still havent had the whispers from the City yet here either.

Just picked up some ofex shares I like the look of--CEG china education, CDE-concorde oil, and China biotech CBHO wish me luck--anyone else in these?

They look corkers MP. My own preference is Ashpool ASHP where Command TV is about to release new clients list in the next few days, the present established ones beleive it or not are QUIZMANIA and THE X FACTOR.

cheers Gf. Ps, dont be suprised to see some link up with Poker very soon.

Rumours on other boards of big client notification tomorrow from Command TV part of the Ashpool company. Big buying already this morning but no move in share price as yet.

cheers Gf.

The main market and AIM taking a real kicking today, Ofex aint though.

cheers GF.

Im hoping JUST hoping Ashppolthrough Command TV have some of this action...
ITV PLC
08 March 2006

ITV PLAY LAUNCHES AS HOME OF HIGH QUALITY 'PARTICIPATION TV'



ITV today announced the launch of ITV Play, its new 'participation TV' digital
channel and programme brand.



The launch of ITV Play follows the success of existing call-TV formats Quizmania
and Play Sudoko, broadcast on ITV1 and ITV2 overnight in the last three months.



ITV Play will launch as a channel on Freeview on April 19th and ITV Play branded
programming will feature on ITV1 and ITV2 overnight from the 31st March. The ITV
Play channel will launch on other platforms later this year.



The 'participation TV' genre is growing fast and ITV Play will lead the market
with higher quality programmes, higher production values and higher and more
regular prizes.



This will be headed up by new Controller of ITV Play, William van Rest, who
helped establish the sector in his previous role at Optimistic Entertainment.
ITV Play programming will launch with 'The Mint' a high-energy late-night
compendium of live participation studio games, call games, puzzles, stunts and
events hosted by Brian Dowling.



Forthcoming Play formats will include a Coronation Street-inspired 'Rovers
Return' pub quiz from ITV Productions, featuring big cash prizes and Corrie star
appearances.



A broadband portal on ITV.com and specially commissioned Play games for the
successful ITV Mobile portal are also being devised and will launch in the next
few months.



Announcing the new channel at ITV's annual results presentation Charles Allen,
Chief Executive of ITV said:



'We believe that ITV Play has enormous potential to lead the market for
participation TV with higher production values, better programmes and bigger
prizes. The Play brand will sit alongside ITV's existing family of channels as
the place to find exciting, honest and entertaining original interactive
programmes.'



Jeff Henry, Head of ITV's Consumer team said:



'We are working with the UK's top producers to come up with high quality,
entertaining, playful formats that contain much more interaction than viewers
have seen before. With the success we've already from existing formats on ITV1
and ITV2, we feel confident that these programmes will prove extremely popular
with our mass-market audiences.



'ITV Play is another valuable addition to our growing portfolio of businesses
which have a direct relationship with the consumer. As with our mobile and
broadband initiatives we are responding to consumer demand with new and
innovative products.'



Ends.



Notes to Editors



ITV Consumer



ITV has established ITV Consumer (ITVC) to build businesses which create and
monetise direct consumer relationships for ITV. Led by Jeff Henry, it is
expanding

ITV's family of channels to encompass mobile, broadband and other services.



The Mint



A high-energy late-night compendium of live participation studio games, call
games, puzzles, stunts and events hosted by Brian Dowling, The Mint will be
filmed on a set resembling a stylish and opulent house with a cash vault (The
Mint) at its core.



Viewers will be able to call or text to participate in individual games for
smaller prizes or the chance to win The Mint jackpot. A co-production between
Stephen Leahy's Ludus TV and Enteraction, operators of 'The Great Big British
Quiz Channel', The Mint will be the first Play-branded programme.

cheers GF.

Just look at this out from Equity Development today..

From Equity Development today...

FeONIC Plc
http://www.equity-development.co.uk 15

FeONICs thrust beyond audio and into a broader range of potentially high value
markets points to considerable upside if the technology can be commercialised for
these applications.
Currently NXT is valued at an EV/Historic Sales multiple of around 16x, and
achieved sterling revenue growth of 26% in the last year to June 2005. Given
FeONICs earlier stage we would apply a 25% discount to NXTs multiple, i.e.,
12x. Applying an EV/Sales multiple of 12x on historic sales to FeONICs 2005
sales leads to an implied market capitalisation of 5.7m, or a share price of
13.9p, giving an upside potential of over 70% on the current share price of 7.9p.

cheers GF.

Heritage Petroleum starting to move up again. Equivalent price in OZ 31p, check out the massive annomaly. Youl be gob smacked. And its true and 100% accurate.

cheers GF.

Whats the next big one then???????????????????????????????????.

CEG--China Education results out soon.

GF - Dominion Energy flying today.

Both look good plays.

cheers GF.

Do you not pay stamp duty on Ofex stocks? doesn't appear so to me.

Do you know without going home and looking at my certs I dont know off hand. Blimey we should, shame on us LOL.

cheers GF.

I think we must do, I think.

Or do we.

just bought some EPY and no stamp duty charged there-my lucky day or maybe Asian stocks??

UQ analyst like the Look of ANS. News out this weekend.

Vicorp given a big thumbs down.

Quizmania ASHP now showing in POLAND.


cheers GF.

Spectrum Technologies SPT looks way underrvalued, see individual thread.

cheers GF.

Ofex market booming.

cheers GF.

Spectrum Technologies top of the leader board and could be the next biggy.

cheers GF.

Just goes to show how Ofex is being considered seriously now, look at this high profile appointment....

FeONIC plc - New Board Appointment



NEWS RELEASE

BOARD APPOINTMENT


The Company is delighted to announce the appointment of Justin Urquhart Stewart
as a Non-Executive Director to the Board. Justin's business and investment
expertise will help the Company achieve the next stage of its development as a
leading and successful technology licensing company.

Justin is founder and marketing director of Seven Investment Management, one of
the country's most innovative asset management companies. He is well known as
an expert and engaging media commentator on market events and his hands-on
experience gives him an in-depth knowledge of the issues facing an an OFEX
traded company like FeONIC plc, which operates in the international arena.
Justin was also a founder member of the Entrepreneurial Working Party, a group
dedicated to developing and promoting entrepreneurship in the UK and he is on
the board of advisers to OFEX PLUS.

Justin comments "I am very excited at having the opportunity to join the team
of this growing and dynamic business. FeONIC is a great example of British
enterprise and expertise which can lead the world in its field. It is
businesses like FeONIC that will the next generation of UK success in a global
economy and an example of the British economic dynamism that the Government is
looking to create."

For further information please contact:

Brenda Hopkins- Chairman- FeONIC plc 01482 806688 or 07976350275
Graham Beswick - Finance and Commercial Director -070501033135

cheers GF.

Heritage Petroleum HEP on Ofex once again the board leader. Broker suggests 40p by the year end now just 15p. Others suggest more like worth 90p per share at the year end. Well worth investigation.

cheers GF.

Went like a bomb this afternoon and loads left in it, ie, HEP Heritage Pet.

cheers GF.

GF,

Tempting, but whats putting me off is the rise thus far is huge, I know it's no excuse based on the prospects but it really is a psychological barrier, and yet I know I should have a look, can you give us a few key facts for potential investors?

ellio,

CDE are due some news this week, as the extension to the period of exclusivity for a possible deal to buy pechora Energy expires on the 25th March.

CDE could move quickly if they confirm a deal to buy Pechora Energy, and that would move SVE too!

Ellio here you are I hope this helps you.....

http://www.mpsecurities.com.au/pubs/pdf/2006/EPG_InitialCoverage_13Feb2006.pdf

Now just look at the European Gas up to date chart and see how far Heritage HEP have been left behind, but that wont last for long as analyst meetings are prepared for the beginning of April when new upto date estimates are out and by all reckonings they are spell bounding.



A good thread can be found on the other big board but pleae DYOR.

cheers GF.

The current comparable price is 34P for each and every heritage share today as a comparisson to EPG. WOW. Its way undervalued, but for how long?????????????.

cheers GF.

That is the question.

cheers GF.

Ellio,

I'll be watching the volume for clues that CDE may have pulled of the deal, on the Ofex a surge in volume is soon apparent, and normally results in a sharp move in the price, due to the lesser liquidity.

In theory, we should know by Friday, as Saturday is a non business day, but of course they may delay announcing until some time after the deadline.

Andy/GF

Thanks, keep me posted.

Heritage as ticked up this morning.

cheers GF.

RE- to Heritage HEP..............

Looks like the find is backed by Fidelity & FMR taking 14m shares or 10%.

cheers GF.

CDE up nicely today now!

Looks like some think the Pechora Energy deal will be good!

CDE is up 1p now!

Heritage HEP the biggest bargain. Present price around 15p, year end forecasters between 40p and 90p. NEWS COMING UP IN THE NEXT 19 DAYS.

DONT MISS OUT AND THAT INCLUDES YOU andy.

cheers GF.

GF,

:-)

HEP look interesting, and it's good to see OFEX companies in the resource sector doing so well.

I agree Andy and glad you like myself see the opportunities here not just in resources but the whole market.

cheers GF.

PST...., keep it quite LOL.

Gone a little quiet on this thread, Where is everyone?.

cheers GF.

Good news out for Heritage Petroleum HEP this morning...

The Company hereby announces that it has completed a placing of 7,692,308 new
ordinary shares of the Company at 13p per share to institutional investors
raising GBP1,000,000 gross for general working capital purposes and to advance
the company's exploration and development projects.

The shares were issued with warrants attached on a one for two basis
exercisable at 20p per share for a period of two years such that 3,846,154
warrants have been issued.

As a result of their participation in the placing Golden Prospect plc now holds
2,307,692 ordinary shares, equivalent to 4.63% of the capital of the Company,
and City Natural Resource High Yield Trust plc holds 5,384,616 ordinary shares,
equivalent to 10.81% of the capital of the company.


cheers GF.

GF,

Golden Prospect onboard is a good sign IMO.

Most certainly Andy and not only that but Evil K as a big long holding in Golden Prospect. Might get more exposure now.

cheers GF.

From Oil Barrel refering to HEP Heritage petroleum.

http://www.oil-barrel.com/pressreleases/heritage070406.pdf
cheers GF.

Any thoughts on this company which came out with this suprising news just an hour ago..


11/04/2006

CREATIVE ENTERTAINMENT GROUP PLC ("CREATIVE" OR "THE COMPANY")

CONTRACT TO FACILITATE JENNIFER LOPEZ CONCERT IN GREECE

Creative Entertainment Group plc, the Ofex-traded facilitator of musical and
theatrical events, has signed a contract in association with Greek production
company, Max Productions, to organise the only European concert at the
Karaiskaki Stadium in Athens, Greece, on 29 April 2006.

cheers GF.

GF , i don't know anything about this company ,,but i would like to facilitate Jennifer Lopez ,or something like that .

ME TOOOOOOOOOOOOOOOOOOOOOOO.

cheers GF.

Interesting write up on HEP on oilbarrel.com GF, worth a read ..

Yes an excelent piece.

cheers GF.

Taken a slice of the action here, the company that is not Jennifer Lopez :). Could be the next Ofex biggy. I will do a full write up later. (I also see egoi as bought aswell)..........

CREATIVE ENTERTAINMENT GROUP PLC ("CREATIVE" OR "THE COMPANY")

CONTRACT TO FACILITATE JENNIFER LOPEZ CONCERT IN GREECE

Creative Entertainment Group plc, the Ofex-traded facilitator of musical and
theatrical events, has signed a contract in association with Greek production
company, Max Productions, to organise the only European concert at the
Karaiskaki Stadium in Athens, Greece, on 29 April 2006.

The event is one of four appearances by Jennifer Lopez this year. Home to
Olympiakos Football Club, the stadium has the capacity to hold an estimated
26,000 people.

Creative's Managing Director Peter Brightman said: "This agreement highlights
our commitment to working with world class performers internationally.
Jennifer Lopez is one of the biggest selling artists this decade having sold
over 30 million albums worldwide so we are delighted to be working with her.
Additionally, we have a number of other high profile deals in the pipeline and
look forward to updating the market in the very near future."


* * ENDS * *

Contacts
Peter Brightman Creative Entertainment Group plcTel: 020 7499 7176
Isabel Crossley/Nick Peters St Brides Media & Finance LtdTel: 020 7242 4477

cheers GF.

GF-I'm in Concorde, China Biotech and China Education. don't expect to make a fortune but the figures look solid and I hope to gain in the end. ofex doesn't move much though!!

Hi MP, no it doesnt move much but when it does....... whiz, bang, wallop.

You look to have some pretty good companys there in your portfolio. I think Ofex will have a good summer where as the main markets will tread water again.

Have a look at this Creative Entertainment Group CEGO, it could go with a bang.

cheers GF.

CEGO Creative Entertainment Group, top of the Ofex leader board this morning.

Cheers GF.

CEGO Creative Entertainment Group, top of the Ofex leader board this morning.

Cheers GF.

checking it out-cheers GF.

MP; I have put more info in the J-lo thread.

thanks Hawick certainly impressive. have a good Easter all.

Well if you are harwick so am I come Tuesday.

Cheers GF.

anyone still using this thread?

http://www.plusmarketsgroup.com/details.shtml?ISIN=GB00B1DDL212

any thoughts on the above company?

trading update below looks v good! 750,000 profit a month (9mill a year) market cap 35m.

daws

China New Energy Limited - Trading Update


CHINA NEW ENERGY LIMITED
TRADING UPDATE

China New Energy Ltd ("CNE" or "the Company"), the PLUS listed ethanol
business, is pleased to provide an update of its performance since joining PLUS
in September.

In September the Company acquired the operating assets, technology patents and
work in progress of Guangdong ZhongKe Tianyuan Regeneration Engineering Co. Ltd
and Guangzhou Baojie Co. Ltd for a total consideration of GBP1.9 million. As
part of the acquisition, the Company acquired 25 contracts worth over GBP21
million.

Since the acquisition the Company has made considerable progress in expanding
its business by winning new contracts and developing its operating and
technical infrastructure to meet the increasing demand for its products and
services both domestically and internationally. The Company is currently
generating a monthly profit of over GBP750,000, backed by a strong order book
and a number of pipeline opportunities.

The Company has been actively pursuing new opportunities and is pleased to
announce the signing of three new contracts with a combined value of GBP9.9
million, bringing the total sales order book to over GBP31 million.

Details of the new contracts include:

* GBP4.5 million turn key contract with a leading Romanian bio-ethanol
producer to construct a bio-ethanol production plant in Romania. The plant
will have an annual capacity of 80,000 tons and will serve the local
market and other European countries. Construction of the plant is expected
to be completed by the end of 2007;

* GBP3.8 million contract to design and install an 120,000 ton edible
alcohol plant in Jilin Province, northern China. Construction of the plant
is due to commence in late November 2006 and is expected to be completed
by October 2007; and

* GBP1.6 million contract to design and install an 100,000 ton plant to
produce acetic acid in Jilin Province. Construction of the plant has
commenced and is expected to be completed by August 2007.

The contract with the Romanian bio-ethanol producer is of particular
significance to the Company and is evidence of the recognition of the Company's
brand and leading technology outside, as well as within China. A number of
other international opportunities are being explored in Indonesia and Pakistan,
taking advantage of the Company's strong Chinese position and reputation, and
cost competitive product.

Weijun Yu, CNE Chief Executive, said "The Board is very pleased with the
progress made to date. Our performance is thanks to the strong operating
platform we have created, the dedicated efforts of our people and our growing
reputation, both in China and internationally.

"The new sales contracts are significant wins for the Company and demonstrate
our ability to compete both locally and on the international stage. We are
pursuing a number of new opportunities and are confident of securing further
contracts in the near future."

The directors of China New Energy Limited accept responsibility for this
announcement.

For further information please contact:

Stephen Lucas/Matthew Bao John West/Matt Ridsdale
London Asia Corporate Finance Ltd Tavistock Communications
Tel: 0207 355 7925 Tel: 020 7920 3150
www.londonasiacf.com

For additional information on the Company, visit www.chinanewenergygroup.com

ABOUT CHINA NEW ENERGY LIMITED

CNE is the PLUS listed Jersey incorporated holding company of Guangdong Zhongke
Tianyuan New Energy Technology Co., Ltd ("ZTNE"), a wholly owned subsidiary
based in Guangzhou in Guangdong Province, southeast China. ZTNE is a leading
provider of turnkey technology solutions and equipment in China for the
production of ethanol, edible alcohol and acetic acid.

Fuelled by rapid economic growth, China has become a significant energy
consumer, with its annual increase in energy consumption almost equal to the
total installed capacity in the UK, and usage rising by 16% alone in 2004.
Although China's oil consumption is the second highest in the world, it is
still less than 10% per head of that in the West. Demand growth in China
accounted for 52% of global energy demand growth from 2002-2004. In 2005, China
imported over 44% of its oil consumption and this is set to increase
significantly as China's growth and manufacturing boom continues.

The Chinese government is eager to reduce the country's reliance on oil imports
and to increase the uptake of alternative fuels, both for economic,
environmental and strategic defence reasons. It has enacted various laws and
regulations encouraging the use of renewable energy as a substitute for fossil
fuels, one of which states that vehicle fuel must comprise at least 10% fuel
ethanol in 9 of the 33 provinces in China. This creates a new market for
ethanol production, as previously only one province was operating a trial
system. As more provinces start to implement this policy, China is likely to
face a significant shortage in fuel ethanol. According to the National
Development and Reform Committee, the demand for fuel ethanol in the next five
years will reach 5-7 million tonnes annually, whilst fuel ethanol production in
2005 was only 1.02 million tonnes. Hence the market size is expected to
increase considerably, resulting in significant opportunities in the supply
chain to the ethanol production market.