Any one know anything about penny shares.

Blah99

The share price reflects the market's opinion of that company's value and future prospects. If it's a penny, that should tell you something.

Penny shares do come off, but then slot machines in Vegas pay out a million dollars sometimes too. Are you going to take your £300 and stick it in that Vegas slot?

mark99

Don't bother.

I bought 10,000 share in a football club (cost £100) a few month later that £100 was worth £4 before they stopped trading.

Too risky, disproportionate dealing costs, big spread. If you don't know what spread is - don't buy any shares!

Mark

sabretoothtigger

I think you'd need a personal interest in the share. Isnt there a whole stock exchange for very small companies, there used to be a very nice tax break for anyone who invested on it but I think thats gone now

RBS is one of the biggest banks in the world but that is going for pennies and better still they cant go broke or hopefully wipe out your shares, why not buy them

tradetime

sabretoothtigger wrote: »

. Isnt there a whole stock exchange for very small companies, there used to be a very nice tax break for anyone who invested on it but I think thats gone now

The AIM lists small companies.

bryanb

Would you like to buy my Bradford & Bingley shares?

sabretoothtigger

Maybe in ten years time

ChelseaFan_2

I Bought some penny shares in Emeral Energy back in the late 1990's. I bought for 5 pence and they dived, I then needed the money, so sold them off as a loss and looked at them recently.

:eek::eek::eek::eek::eek::eek::eek::eek::eek::eek:

TheDufster

Sorry to hear you sold your Emerald Energy shares - I kept mine and forgot about them. I recently had a email notification and my original investment of £100 or so has turned into £700. Easy to say it now but wish I had invested more at the time!

ricll

most penny shares worth investing into are in the oil sector imo. VOG, AST, MTA, there are others with good potential too. Don't listen to people who say it's too risky, you will never make any serious money in the stock market if you do, just spend a good time researching each company before investing and you should do fine.

00ec25

splodge77 wrote: »

http://www.cityequities.com/en/About-Us/Key-Facts.html

also if you end up using this broker appreciate that they make their money through buying the shares themselves and then selling them to you at a mark up, they therefore have very little interest in ensuring that the shares subsequently perform because they have already made their money from you. Been there, done that, lesson learned, eg. recommended at 1.5p, share now "worth" 0.00025 pence