Penny Shares

sabretoothtigger

I'd just buy the whole sector if it was normal

happymumto2

loaner wrote: »

1/9/04 - Following the passing of the Resolutions at the EGM held yesterday, 4,178,690,000 Ordinary Shares of 0.1p each have been consolidated to 41,786,900 New Ordinary Shares of 10p each

which means if you had kept them, you would now hold 50 shares worth £210 - costs, rather than 21k's worth

I didn't lose that much then lol

melbury

I had a phase of buying penny shares some years ago. Most of them did consolidations (I think that is what it is called) so instead of having 1000 shares I ended up with about 10:mad: This happened to most of them in fact. I can honestly say I lost money on the lot and they were all tips from a penny share mag.

sabretoothtigger

Never buy on tips, but if you learn something then you havent lost completely


All the newspaper tips etc are only good for a general background on the share, its worth watching till the next results before deciding on it.

Real success is consistent

Mikeyorks

melbury wrote: »

. I can honestly say I lost money on the lot and they were all tips from a penny share mag.

Lots of dittos here. Lost money / shares all consolidated ..... and they all 'morphed into something completely different! I bought shares in one company selling grass cutting equipment in the UK and US (very hot tip that one was!) ...... and finished, years down the track, with a cinema chain! The phrase 'shell company' got used a lot I seem to remember .... mainly as an excuse?

happymumto2 wrote:

Shares now worth 420p each (21k!,

Prompted by a question on here ..... I remembered some penny shares I'd just written off as being useless. There'd been a rights issue .... and I'd finished with approx 5000. So not quite sure whether I was amused / bemused or definitely livid ....... to discover they'd been worth £60,000 up to a couple of years before. Short thread here ..... your Emerald Energy also has a mention!

http://forums.moneysavingexpert.com/showthread.html?t=791291&highlight=%28Pacific+Media+Shares%29

My ex - £60k Certificate is still in it's box! Don't have the heart to tear it up.

theGrinch

in 1993, I was on the verge of purchasing £5k worth of Acorn shares for 6p each. during 1994 they peaked at 240p on a takeover. totally gutted

RubyBish

happymumto2 wrote: »

God I feel ill! In 1998 I (and my now ex hubby), bought 5000 shares in Emerald Energy at 2 1/4p each, cost us about £120 in total with commission, we split up in Jan 2000, and as we were both skint sold them for a loss.
Shares now worth 420p each (21k!, oh what fools we are when we are young!).
Does anyone know where you can get info on penny shares these days, we just used to pick a nice name of Ceefax back then!

In August 2004, Emerald Energy consolidated its shares on the basis of 1 new ordinary share for 100.
By my estimates, if this was the only considation your £120 would be worth £210 now.

gozomark

RubyBish wrote: »

In August 2004, Emerald Energy consolidated its shares on the basis of 1 new ordinary share for 100.
By my estimates, if this was the only considation your £120 would be worth £210 now.

ie posts 9 and 10 :rolleyes: keep up at the back :-)

Thefunkygibbons

The trick is to buy a great company at a cheap price

And whilst there are not many in the penny share list, there are some bargains out there

BUT, only for the brave

Anyone wh thinks they know what happens in the next three months is a fool

However, if you are prepared to buy and hold for five years, then a selection of strong companies across some sectors is a one way bet

gozomark

a selection of strong companies across some sectors is a one way bet

no it isn't, unless you are guaranteeing it personally