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    penny shares

    whats the best place to look for penny shares?n is it easy to make a return in the short term?

    16 Comments

    I read this as penny sweets to start off with.

    is it easy to make a return in the short term?



    Yes. It's also just as easy to make a loss.

    Because of buying and selling fees and the spread of prices it is actually more easy to make a loss, even if your share price goes up.

    cost about £15 each way to buy/sell, so you will still need to invest quite a lot to see any return on your investment.

    I'd say not in the short term. I bought 5000 of 3 company's many years a go, which cost me about 15, 20 each.
    2 of the company's folded, so total lose there, the other, after some years, sold for over 1.5k !

    But penny shares are pot luck. If the company was doing well their shears would be worth more. . .

    Original Poster

    thanks for that rick, rep added!il have to look at google then!

    Have a look at this one...TRP is the code

    Tower resources. There an oil exploration company
    My brother and dad have 1000's in this company

    Original Poster

    cool,il have a look at that.cheers!

    In my opinion the best thing to do with penny shares is buy them, then forget about them!! Many years ago me and three work colleagues got together to buy some penny shares in Dragon Oil. We put £150 each in, in one person's name, then didn't do anything else. The company we worked for was taken over by another company, we all got moved and didn't keep in touch. Well, I was in touch very occasionally (about once every couple of years) with the guy whose name the shares were in.

    Forgot to say, a few months after we bought the shares I sold some of my free Halifax shares and bought £1000 worth of these Dragon Oil shares!!!

    Anyway, about a year and half ago I read something about Dragon Oil and got in touch with the guy who had the share certificate. He had completely forgotten about them, couldn't find the certificate and had to apply somewhere to get it re-issued. He then sold the shares - we all got £915 each!! Not a bad return on something we had forgotten about nearly 10 years before!!

    As for the £1000 I bought, they are worth nearly £7000 at the moment. But I think Dragon Oil is being bought out by some Saudi Oil company, so I'll wait and see what they offer!

    Original Poster

    cool, dragon oil,how much is the share price per share now?

    Original Poster

    its worth 453.5 now

    Original Poster

    added rep for shibi

    Banned

    The term penny share gets wrongly attributed to shares that cost lest then a pound...The real barometer is a share with a market capitalisation of less than £100m.

    1billion 10p shares is the same as 10million shares at £10 each.

    penny shares offer a high risk/reword ratio, so pick well....the oil exploration sector is a good place to start...learn about what makes a good E&P it'sd not all about what block licences they own, it also helps if the have Good BPD (barrels per day) output as it helps to underpin the share price....Look at the history of Dana Petroleum DNX to see how their management have guided the company from small E&P to FSTE 250 company.

    I should have said before - don't invest money that you are not prepared to (potentially) lose.
    The first £150 I mentioned, I was fully prepared to lose that. I was also prepared to lose the £1000, as it was, effectively, free money (windfall from a Building Society merger).
    I was lucky that my shares did so well.
    If you work for a company that has a share save scheme, you would probably do well to join something like that.

    I knew there were some threads in here about shares - not penny shares, but maybe you'll get some useful information from them.

    hotukdeals.com/ite…ere


    hotukdeals.com/ite…e-s

    Banned

    shibi din;7879626

    In my opinion the best thing to do with penny shares is buy them, then … In my opinion the best thing to do with penny shares is buy them, then forget about them!! Many years ago me and three work colleagues got together to buy some penny shares in Dragon Oil. We put £150 each in, in one person's name, then didn't do anything else. The company we worked for was taken over by another company, we all got moved and didn't keep in touch. Well, I was in touch very occasionally (about once every couple of years) with the guy whose name the shares were in. Forgot to say, a few months after we bought the shares I sold some of my free Halifax shares and bought £1000 worth of these Dragon Oil shares!!!Anyway, about a year and half ago I read something about Dragon Oil and got in touch with the guy who had the share certificate. He had completely forgotten about them, couldn't find the certificate and had to apply somewhere to get it re-issued. He then sold the shares - we all got £915 each!! Not a bad return on something we had forgotten about nearly 10 years before!!As for the £1000 I bought, they are worth nearly £7000 at the moment. But I think Dragon Oil is being bought out by some Saudi Oil company, so I'll wait and see what they offer!



    Is it shares or share's

    steve1221;7878306

    But penny shares are pot luck. If the company was doing well their shears … But penny shares are pot luck. If the company was doing well their shears would be worth more. . .



    That shows a basic misunderstanding of what "penny shares" are.

    A company whose shares are worth 5p each is not necessarily doing worse than a company whose shares are worth £25 each.

    It depends on how many shares have been issued.
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