SIA - Soco International:

Re-drilling of Vietnam TGD field (known to contain oil) starts early June. Brokers have only priced in 100m bbls but field may contan >1bn if fan structure proved up

HMV - HMV:

Recovering retailer, benefitting from demise of rivals but threatened by supermarkets and online shops. PE f/c 4.77, 12.4%, little debt, EV/sales 0.12

POL - Polo Resources:

A holding company for shares in (mostly) listed mining companies. PTBV 0.53 but another 1p/sh cash due from agreed sale of unlisted asset will reduce PTBV to 0.46. Intends to merge with Caledon Resources, a listed Australian coal miner

MrC