Anyone into penny shares?

#1
Got started earlier and invested in a few companies on the London Stock Exchange Junior Market (AIM) which can be volatile, and news reliant, but there is money to be made. All these shares are either sub 1p, or under 20p. Some great gains to be made below over time.

So far I have move around a few, but have now settled on a few companies:

Greka (GDL) Unconventional shale oil & gas driller, invented a way to avoid fracking Advantages of LiFaBriC Technology over Conventional CBM Drilling « Greka News

Paternoster (PRS) Investment company invested in many very good companies with lots of upside to come. One of those is Bison, who are about to float on the LSE which reflect on the PRS sp Bison Eyes London Float Amid US Fracking Boom

W Resources (WRES) W is the chemical name for Tungsten. "It's a coveted strategic commodity with multiple industrial uses..." and we have one of the biggest deposits in the western world, oh, and gold & tin. Cookies must be enabled. | The Australian



There are very informative bulletin boards over on ADVFN, and on LSE here. Type ticker in, click chat, and read peoples research, recent RNS, company info etc.. W RESOURCES Share Chat - Chat About WRES Shares - Stock Quotes, Charts, Trade History, Share Chat, Financial Terms Glossary


Others worth looking at are:

TYM flourspar miner. 6p currently, recently been at 15p, but no news has seen a retrace. 100% to be made here eventually. It has a broker rating of 27p eventually

NTOG Junior Oiler over in the USA. Keep exceeding expectations and share price stays the same
 
#4
I had a couple of them - one of them tanked and isn't worth selling at the moment...:)


I am registered with SAGA Shares and can do all my transactions on line. I'll be interested to see where this thread goes though.

Rodney2q
 
#6
I used to do the penny share stuff early in the 1980s, did very well. One purchase, I paid £2000 for a share at 12p having read that the firm was sound and after difficulties had renegotiated it's finance with the bank, three weeks later they were trading just over a pound each.

My tip, read the form, i.e. the financial papers, they affect the prices with a positive remark whereas the "Penny Shares Forcast" does not and always treat it like a punt on the Gee Gees, don't invest anything you can't afford to lose.

I only stopped because I moved here, the German stock system is controlled by rabid vampires, zombie flesh eating tax officials and the banks. The banks are what put me off.
 
#8
A word of warning - be careful with chat sites and forums on penny stocks. Comments on forums may be posted by people wanting to "talk their own book" and manipulate the price by encouraging others to deal. This can lead to false markets and possible charges of market abuse if you join in the comment-making.
The stocks are illiquid and can often move on just one or two relatively small trades. Bid/ask spreads are often quite high so you will need a big move to make a profit.
 
#10
I used to do the penny share stuff early in the 1980s, did very well. One purchase, I paid £2000 for a share at 12p having read that the firm was sound and after difficulties had renegotiated it's finance with the bank, three weeks later they were trading just over a pound each.

My tip, read the form, i.e. the financial papers, they affect the prices with a positive remark whereas the "Penny Shares Forcast" does not and always treat it like a punt on the Gee Gees, don't invest anything you can't afford to lose.

I only stopped because I moved here, the German stock system is controlled by rabid vampires, zombie flesh eating tax officials and the banks. The banks are what put me off.
^

Haven't dealt with the penny stocks myself, but I do dabble from time to time using online trade sites with money I know will blow on booze or on other useless things. My best picks so far were when I bought Ford, Toyota and BP at their lowest and sold them at a profit - especially Ford, got it at $2.84 and solid it at $11.90 ish.....wish I invested more into it! :). Bought some BP stock when it was being hammered during the oil spill (~$27) and then sold it a few months later at $45. Same strategy for Toyota during the recalls in the U.S.

The shares of fundamentally good companies will (almost) always go back to higher prices - so take advantage when it's really down for some reason. I am an occasional bit player and never put in more than $2-300 at most..
 
#11
I remember posing as a rich investor in Leeds around 1994 and going around the banks looking to find out if one could use a bank like a broker and buy a few hundred/thousand pounds of shares and trade them through the bank. I was young and needed the free coffee one winter. Lots of free coffee. Turns out after the stock market crash many banks stopped trading in small amounts of shares. Except maybe Lloyds. So otherwise you needed to go to a broker and they charged fees. I'm interested to try online share trading.
 
#12
You need to have rules, your own rules and the discipline to apply them.

I searched every day for penny share firms who were basically sound but were momentarily in the doldrums and who suddenly started to attract positive input from the press and auditors. You have to buy in very quickly there, I did it on-line with an early on-line service. I used to always invest £2000 and attempt to recoup that £2000 to reinvest elsewhere as soon as the shares increased by 50%. That way you soon build a small portfolio.

With my short term, but keep some stock policy, I always did very much better than my "Managed" Unit trusts with their "professionals".

Here I buy metals when I have a spare pony, the German share market can disappear up it's Frankfurter hoop for all I care.
 
B

bokkatankie

Guest
#13
I remember posing as a rich investor in Leeds around 1994 and going around the banks looking to find out if one could use a bank like a broker and buy a few hundred/thousand pounds of shares and trade them through the bank. I was young and needed the free coffee one winter. Lots of free coffee. Turns out after the stock market crash many banks stopped trading in small amounts of shares. Except maybe Lloyds. So otherwise you needed to go to a broker and they charged fees. I'm interested to try online share trading.
Online share trading is very simple and easy to use. Read the small print on charges; some take a custody fee, others waive it and admin charges based on how many trades you do.

Ensure that the platform gives you access to the markets that you want to trade on.

Online trading is as safe as any other way, the security process are good and you can see what you are doing, what the book is doing and with most platforms the book is real time. Prices on the statement page tend to have a 15 minute delay.

If you are long only no need to maintain margin accounts, what you have in the account you can spend. Read the comm. structure carefully as most have minimum cost per trade so try and work with that and some have minimum amount of shares that can be purchased.

Good way of checking any platform is to google it and complaints, what you see is what you get (most of the time).

There are many good ones out there but what you put in and what you get out often have nothing to do with the platform!
 
#14
My tip, read the form, i.e. the financial papers, they affect the prices with a positive remark whereas the "Penny Shares Forcast" does not and always treat it like a punt on the Gee Gees, don't invest anything you can't afford to lose./QUOTE]

Best bit of advice I ever recieved!

:)

Rodney2q
 
B

bokkatankie

Guest
#15
I remember posing as a rich investor in Leeds around 1994 and going around the banks looking to find out if one could use a bank like a broker and buy a few hundred/thousand pounds of shares and trade them through the bank. I was young and needed the free coffee one winter. Lots of free coffee. Turns out after the stock market crash many banks stopped trading in small amounts of shares. Except maybe Lloyds. So otherwise you needed to go to a broker and they charged fees. I'm interested to try online share trading.
Banks charge fees also! - they just hide it better!
 
#16
Ultrasis is having a good week since the CEO stood down. Just kicking myself for not topping up on Monday. Oh well, the joys of hindsight.

 
#17
I use Hargreaves Lansdown @ £12 per trade, in and out that is, so make it worthwhile. There are cheaper @ £6pt xo.com I think.


There is money to be made at the moment in oils, gas & minerals. I use the BB sites to pick up tips, then take that away and do my own research. There are some good people on those BB's who post very good research. In contrast, there are rampers & de-rampers. You can imagine their role.

Most people I talk to fear the stock market, but if you have spare cash, I would reccomend £500 upwards, you can do no wrong than invest in WRES, PRS, & GDL right now. All with big news imminent. WRES is the one that will be life changing for me.
 
#18
I use Hargreaves Lansdown @ £12 per trade, in and out that is, so make it worthwhile. There are cheaper @ £6pt xo.com I think.


There is money to be made at the moment in oils, gas & minerals. I use the BB sites to pick up tips, then take that away and do my own research. There are some good people on those BB's who post very good research. In contrast, there are rampers & de-rampers. You can imagine their role.

Most people I talk to fear the stock market, but if you have spare cash, I would reccomend £500 upwards, you can do no wrong than invest in WRES, PRS, & GDL right now. All with big news imminent. WRES is the one that will be life changing for me.

why will "WRES" be life changing why will they have a sudden increase ?and are we talking about warren resources inc ?

New to this just want to learn thanks :)

p.s which exchange ? thanks

WRES.OQ Warren Resources Inc NASDAQ Stock Exchange Global Select Market
WRESW.L W Resources PLC London Stock Exchange
 
#19
WRESW.L W Resources PLC London Stock Exchange

W Resources Share Price - WRES, RNS News, Articles, Quotes, & Charts (LON:WRES, WRES.L)


They are a Tungsten miner, and W is the chemical name for Tungsten.

They have the largest Tungsten mine in the western world.

Tungsten has the highest melting point.

The price is going up weekly.

Tungsten is one of the most rare minerals.

It is vital in today's world

WRES have loads of it to mine

Read this Tungsten in same boat as rare earths - Malaga CEO


We have a lot of something that the world needs, and there is not much left = a high turnover = profit. This is the start of W Resourses, it will be massive. Get in now !

I have only scratched the surface here.
 
#20
Read this regarding WRES. Below shows you their assets. The end of this month they are expecting big news which will take us past last months high of 1.8p. We are now at 1.47, so you can see there is profit to be made if you set a get out.

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Warren Buffet invested in the worlds largest producer of tungsten a little while ago . I think it was a 25% stake. So you can see, if the world most successful investor if getting in on Tungsten... it's a good thing.

WRES have the mine. They also have a talings project which is mining the top surface of the mine which will produce £7 million per year for 4 years. This will fund the main mine, so no need for major dilution. There have been a few placing recently (fund raising to get the tailings project started). These never went to the public, they went to one investor each time. One was a £1 million investment my Charles Hall, uur version of Warren Buffet....

This will end in either an end user taking over after WRES do all the hard work, or the BOD holding on to make it BIG. Oh, the BOD own over I think 65% of the shares, which is very significant. WRES also have interests in gas, oil, tin & gold, which I have not factored into my hopes.



A similar story is of Sirius Minerals (SXX on the LSE)
On the chart in the link below click timescale, and 5 year chart. This was sitting at 1p. It is now 25.5p. Imagine tucking 2k into that back then? This is where WRES is now...

I'm in, but remember. Always do you're own research, and as mentioned above, only ever expose what you can afford to lose.


Sirius Minerals Share Chart. SXX Historical Graphs. Technical analysis for Sirius Minerals Plc Ord 0.25P.
 

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