everybody dreams of picking the right penny share for the top.i myself am about to start a new portfolio and would like some ideas from the punters on this forum.

gardyne

what do you class as a penny stock because i might have a few that will make you a million or a bankrupt.

superrod,anything under a pound.Started this thread to tap in to ideas of other investors.Already,happy with information from moneyman.if you can make me and other investors a million fire away.

There are a few miners/explorers worth looking at, though I can't see any of them making you a million! It's a risky sector where nothing can be taken for granted.

OXS - Oxus. Revitalised by dynamic new management who say they will be pouring gold at Amantaytau by the end of the year.

AVM - Avocet. Now reinvented as a gold play, and looking tidy for the longterm.

TMG - Thistle. South Africa, but interesting following the acquisition of the President Steyn mines.

Hidefield - HIF - is also rumoured to be on the brink of something else, other than their recently acquired earn-in in Brazil, but that's just gossip and may or may not be true.

More dodgy ones include Minmet (MNT) which is a reasonable buy at today's price if you can get past the history, and Cambridge (CMR) which is really in the doldrums and looking very cheap considering the value of their key asset.

All are well under the 1 mark, but most are not only high risk, but also suffer from horrendous spreads....so you need a good rise to get into profit.

TXN...the company all but admitted last week that an unnamed US biotech company was currently 'evaluating' it.It trades on a discount to its cash holding so the business is in 'for free'.

Friday's rise was the start,not the finish.

Wendy D

You seem quite keen on mining co's, how about HPD any thoughts on them?

i would say dana petroleum is as safe as you can get when coupled to the huge potential upside.has traded in a narrow range for a couple of years but their drilling has an enviable strike rate. i believe shares mag said a few more gushers could see the NAV around 200p. now trading sub 16p. DYOR epic DNX. drawback....its an irish stock with 1% stamp duty. no dividend and at present trading range no prospect of realistically trading. its one of those that just MIGHT make you rich.

ps i dont have any at present but am watching very closely.

I'm holding or watching mainly resource stocks at the moment, and the reason for that is quite simply that I think the market is overvalued, and due a fall, so asset back stocks may be safer in the short term.

Like Wendy above, I hold some Oxus, Avocet Mining, and Cambridge Mineral resources.

I'm also interested in some gas explorers and producers, and think that Regal Petroluem and Sterling Energy may be worth watching.

looks like its just you and me andy......maybe mam should be paying us.

Rod,

:-)

Actually there are more posts on financebb.com today than AM!

Sardinesplaice.com are also building nicely, and AM are struggling to rebuild after allowing their threads to be thrashed, and yet despite this there STILL isn't a proper registration policy!

andy
imo mam should have started with a zero tolerance policy. after all they must have started this site with just a little knowledge of what goes on elsewhere
:o))))

i find the main culprits are the paying passengers who use their premium status to bully and cajole so what chance do we have? revenue is revenue after all.
( not talking mam here )

Newageloafer -

Yes, I DO Like resource stocks. Have made some big mistakes, but on the upside of the learning curve these days, I think!

I like HPD quite a lot. Management have a superb record, and the HPD trio are well thought of, as is their head geo Marc Sale, who was project manager at Esquel. Chubut Province is a bit tricky right now, but Richard Sillitoe (for whom I have a great deal of respect) has pointed them elsewhere towards Chile, and a little geographical diversification will not come amiss given Meridian's problems in Chubut. That says nothing against the HPD projects in Chubut and elsewhere in Patagonia. Sillitoe has surveyed some of them and expressed them to be highly prospective.But the political climate there is dodgy until the Esquel problems get sorted out.

I was tempted when they floated on AIM - but everything that floats on AIM falls after the event, as did HPD. But a potentially good value stock as long as you are prepared for high risk and a long time-scale.

One share I really like actually went over 1 today so no longer qualifies as a penny share, (provided it doesn't fall back of course!)and that share is .......Regal Petroleum.

I suggest people have a look at this company, and I am happy to start a thread if there is any interest.

Fortune Oil (FTO) certainly qualifies as a penny stock(1.5p). At today's AGM they announced a Chinese deal to distribute gas to 4 cities. Near impossible to predict future shareholder value of this deal but will certainly boost turnover. Chinese keen to encourage inward investment to develope infrastructure so terms should be reasonably attractive. Laying pipelines in China should have none of the planning/conservationist hassles you get in the west so costs should be quite transparent.

Apart from that, FTO reassured that worst of SARS related costs in HK are be over. Profits should still be generally in line with last year. AGM report worth a read.

Price has been steady for quite a few days, with both buys and sells just inside 1.35/1.5p spread. Post AGM buying momentum just starting to build, but price as yet unchanged.

I'm happy to hold for the long term or sell at a quick profit, so feel free to ramp if you like.

AGM report might get some weekend press coverage, in fact today's larger buys just might be journos loading up.

M.

Superrod I am over on the premium side, here on moneyam Bullshare (Mike Boydell) is committed to ensuring all have a civilised atomosphere to post and exchange views, so I understand that what "goes on" elsewhere may not be tolerated here.

Having said that this thread is a prime example of what I think Mike would want, polite civilised people exchanging views from both a trading and investment viewpoint.

Maybe you all should pop over (no disrespect intended if I missed any of your posts) After all if you are serious about your money what difference does 5 per month make. There is moderatly heavy volume of posts, many of which are well informed.

Anyway apart from that my contribution to this thread in terms of penny shares is consider Cyprotex and Pursuit Dynamics. Cyprotex is a penny share pick of mine, moderatly high risk but worth a small punt, Pursuit Dynamics is a punt reccomended by another premium poster Gausie. DYOR of course

Paul,

I hold pursuit, and would recommend anyone on here look at their website, this really could be a winner, IMHO!

There is certainly some risk, as with all potential high growth shares, but PDX are certainly worth a modest punt, depending on your acceptance of risk of course.

paulismyname
thanks will consider...5 isnt much you are right but i once had a wife with that mentality. endless mail order catalogues where she bought loads of stuff....."its only 2/3/50p a month. no offence intended to your post.
rod

Atlantic Global (ATL) for me. Being vaunted as the next Gresham Computing. Has risen drastically since beginning of year. News expected out this week, and this share could rise rapidly. A real growth share.

Bizspace (BIZ) is another favourite, but one you have to hold and hold and hold. Not a get rich quick share unless you are privvy to pre-results info.
Has slipped back a touch to look cheap for a growth stock.

Tenon Group (TNO). Bob Morton has a large holding here. Usually places his money with great effect. They are cutting costs drastically and installing top management. Recovery stock. I'll hold for 18-24 mnths and expect a good profit.

Sorry guys, ATL isn't going to be a penny share much longer. +22.5% today :-)

Farmboy - I recently saw your post from this morning on todays traders thread & thoughts - wish I had looked earlier! Any chance of anymore like that?

I wished !

Only other "Pennies" I hold are :-

CAV - Chelsea Village, something going on there, but not sure what. Speculative
AGP - AIT Group, sure it is a good recovery stock, but management not the best. Recovery play and looks to have cleared the 30p hurdle for good.
ETL - EuroTunnel - a shot in the dark

Obviously - DYOR.