How to Buy 1p shares

MICHELLE11_2

Just wondering does anyone know how I can invest in 1p or cheap shares , anybody on here had luck with the above , please advise

Annisele

You buy penny shares the same way you buy other shares - through a stockbroker. However...they're not "cheap" just because they don't cost very much! A share trading at £100 can be undervalued just as easily as a 1p share can be overvalued.

Aegis

Have you had any experience of share dealing? Penny shares can be quite lucrative, but they can also be a one-way trip to 100% losses.

Loughton_Monkey

I suspect you will find nobody here who is daft enough to buy them. Although I wouldnt be surprised to find a new poster along any minute who will give you an 'excellent' place to buy them. But act fast, since the post will be taken down very quickly.

Chorlie

The cost of buying the shares and then selling them, means you either have to buy a fair few in the same company and they have to go up several pence or fewer and go up even more just to break even.

Penny shares only earn you money if they become pound shares and most penny shares are a penny for a reason, that's all they are worth.

sabretoothtigger

For a price tag of a company you need to google 'market capitalisation'

Royal bank of Scotland was worth billions and billions of pounds even when it cost 10 pennies to buy a share of it. The reason is, there is trillions of RBS shares around for anyone who wants one

Scam artists use penny shares and/or small companys because its easy to pump the market with hype.

Instead buy a few Shell shares for 22 pounds each, much 'cheaper' much better value since most 1p shares are for companies fairly close to going insolvent with questionable assets but Shell is oil rich and pays its owners



Ive never bought a 1p share and done well but I bought a 6p one via Halifax and it went up to 9p - a gold mine by name of Condor.

jimjames

How to invest in 1p shares? Buy 2p shares and wait for them to drop:)

I've got some investment trust shares that were 2p, now trading between 6p & 8p depending on day. Spread between buy & sell price is massive so you need a huge gain to make it worthwhile.

If you have never invested before then the phrase "learning to run before you can walk" springs to mind.

I'd suggest beginning with an ISA investing in funds and then once you know more look at branching out into individual shares.

Catherine_Johnson_2

Loughton_Monkey wrote: »

.......Although I wouldnt be surprised to find a new poster along any minute who will give you an 'excellent' place to buy them.......

LOL, just what I was thinking when I read the OP :rotfl:

bobbyj_2

why not get into the bigger stuff before attempting the small stuff? Sound like an accident waiting to happen.

sabretoothtigger

Halifax was doing zero share deals at xmas. You could literally spend a penny or two on the company.

Theres not much point but I guess it could always be another Tullow oil and grow 18000%