I promised some time ago an occasional set of stocks for you from the Ofex market. Pleased to say my first two picks are both up around 15-20% so far. I know some of you, despite the imminent arrival of competitive market makers, are still sceptical of the market so this is probably not for you, but if you like a potential rocket stock then you should at least take a look.

Mechan Controls makes a dull as dishwater product - (so it needed a raunchy heading!) - electric safety switches for the food processing and pharmaceutical industries, but is a company going places. Their stainless steel product is unique, says the company, and there are plans for a patent which as a result has helped the company win distribution agreements with the likes of Norstat in the US. It is a nice earner into the bargain and among their client list are Tate and Lyle, Heinz and Nestle.

The company weas the subject of a management buyout in 1999 after thirty years or so in business now they are profitable they are in a position to expand and are considering acquisitions. There is less than 100k in debt in total and their distribution agreement with US giant Honeywell gives them access to 95 countries worldwide and a 100 million marketplace.

They said this morning that they are announcing a 'maiden' dividend and when results come out confidently expect to 'meet or beat' expectations.

As with all ofex stocks it is illiquid - big director holdings here - and the main challenge is to increase turnover, but the distribution agreements should improve that - and to see off the competition of which there is some, but their new stainless steel product gives them an edge in that area too.

With a market cap of 1.6 million the balance of risk is hugely in our favour. Floated only a few months ago, this is a great chance to get in ahead of the pack.

L&G off loading rapidly would suggest otherwise.

They did the same at Norcros and the sp is 50% higher now.

Indeed L & G have done me a good turn as they are climbing today.

very big news out after the market re disposal, should fly tomorrow.

Indeed it should kate if the news is confirmed.

news released and they get breakeven price on disposal, nice. Looks a decent one for today.

Chart wise I believe they will rise to 4/5p.

I expect 3p sometime.

are we seeing a turnaround here soon.

anybody got any news on Mencom