Lemming brief updates 1 November 2005
Stanelco (SEO) continued the roller coaster ride, lost 0.50p to
15p. A small matter of changing its advisor, be it a lazy one,
KBC Peel Hunt to a more proactive Evolution Group whom
have been pretty much by SEO`s side this past year, hardly
missing an opportunity to update investors with progress.
Although the shares have lost their positive momentum, which
seen them rise to giddy heights of 32p earlier this year, the
shares are news driven, and we expect them to put in a new
burst of energy once the BPRG debacle is resolved......even
though we expect BPRG to be the winner. Nevertheless, SEO
have strong IP in GREENSEAL and Starpol 2000, which already
has EU approval, with expected US FDA full approval
imminent.
Prestigious Casino operator London Clubs International (LCI)
looks to be back in favour with speculative punters again. The
shares closed 6p higher, at 127.50p, but off their 52 week high
of 145p, nevertheless, they remain in the money from our 55p
inauguration back in 2003. The shares have woken from their
slumber in recent trading days on the back of renewed
speculation the Malaysian based Genting, is looking to have
another roll of the dice. Genting already has 29.8%, close to a
being forced to show their hand, thus ,make a formal bid. This
could force another predator to show their hand. That is
speculation on our part.
CSR`s positive momentum came to a halt today, even
though the shares had a debut buy note and 840p target
from UBS. This, as you would expect, helped push CSR 45p
yesterday, to 719p. The Swiss broker agrees with what we
have been telling you, that the Bluetooth market, where the
semiconductor maker has a dominant market share, is still in
its infancy. However, the share closed 6.50p lower on profit
taking, at 713p, recording a 332p gain since inauguration in
July 2004.