Any one know anything about penny shares.

melbury

The only penny shares I have bought have all gone down the toilet, usually end up getting 1 new share for every 5 existing shares and then they just go off the radar.

I would say that unless you are incredibly lucky, most of them are a complete waste of time, or, alternatively I have just been very unlucky and bought the wrong ones.

The best increases I have seen in shares are the well established ones like say Tesco etc.

ses6jwg

sabretoothtigger wrote: »

I thought they had done well, or is that just recently



Which company Torbrex



Ive noticed recently smaller companies are rising at a slower pace then large cap companies. This can be a warning sign of a tide change, of course it could also be momentary but be
careful anyhow.
Personally Ive gone the other end of the scale a few times recently and bought some shares costing about 30 pounds each



Market cap not price ! http://www.stockchallenge.co.uk/ftse.php

They have done well and I hope they will continue to do well when the CEO comes out and says this

http://www.youtube.com/watch?v=jVXyfvPfC7M

adambro

I'd suggest that the OP would be better off investing their £300 in some more Tesco shares rather than simply gambling on penny shares. Penny shares are a good way to loose money whilst feeling excited about the prospect that tomorrow, it might double or treble and you'd have loadsamoney.

Sure, there are some exceptions, but penny shares are pretty dangerous. They attract inexperienced investors yet have some major hazards, such as their illiquid nature and their vulnerability to manipulation. Your share might double but when it does, you find you're actually not able to sell all your shares at that price for example.

Don't let the stories of success fool you. Do you think people are as keen to share their mistakes as their successes?

If you want the chance to achieve some solid returns, avoid penny shares. If you want a bit of fun then go for it, just don't expect to see much of your money back. You're effectively just buying a lottery ticket, which actually, you might be better doing. At least when you lose your money on the lottery, 28p of every pound goes towards good causes. When you loose with penny shares you're often just lining someone else's pocket.

hunnybunny86

Has anybody ever signed up to the 'Portfolio Builder' at http://www.iii.co.uk/sharedealing/ ?

It's seems like a good place to start when it comes to investing in penny shares. As I am interested in getting this account I wondered if anyone has any good or bad experiences with the Portfolio Builder account??

Thanks

merseyblue

Just some more info on Dragon Oil for everyone interested. They were originally sold as penny shares and there were wild rumours at the time that they would leap to £35 within 2 or 3 months. This didn't happen (funny that). What they did do was reprice the shares at 35p but reduced everyone's share holding at the same time so effectively you had less shares but they were worth more. Today they are at £3.74 which I'm mighty pleased about because I have 374 which I forgot about. Now where's that share certificate

Stavros_3

mark99 wrote: »

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

They wern't Leeds United by any chance,

sabretoothtigger

merseyblue wrote: »

Just some more info on Dragon Oil for everyone interested. They were originally sold as penny shares and there were wild rumours at the time that they would leap to £35 within 2 or 3 months. This didn't happen (funny that). What they did do was reprice the shares at 35p but reduced everyone's share holding at the same time so effectively you had less shares but they were worth more. Today they are at £3.74 which I'm mighty pleased about because I have 374 which I forgot about. Now where's that share certificate

Where did you hear this rumour. Anything widely expected is usually put into the price fairly rapidly

bunny that account works fine for small amounts