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.

pleased your`e up Andy, i`m off to pour a glass of malt and watch TV
g`luck

rhps is a much better tip sheet since tw left. bruce aint scared of chucking out the crap.

how about fortune oil big buys from the market men.

MMG looks good with a 15% rise today and has now risen from 5p to 22p in a month and theres plenty more to come , a ten bagger if there is such a thing..dyor.

I'm glad I got DGO not FTO!

Sold HIF @4.31 (for 50% profit after costs), note opportunistic looking placing at 3.25p. More in it eventually possibly but months to wait till drilling results from Cata Preta (unless there is another deal announced). Also gold is a bit wobbly

I believe I indicated these two shares a few posts ago so an update.

Thus - 22p odd now, I dip in and out of these on ranges but am beginning to become tempted to buy some real shares, put them away and forget them for a year or so. One of the best performing shares on the UK market this year to date. AGM yesterday, Bill Allen (CEO) has a reputation of being a doom and gloom merchant but the company is doing very well indeed, not only are they on track to be cash flow positive within a few months there is even talk of a dividend policy within 12m. Up rated by brokers again who indicate at current levels it may still be 20% undervalued.

Cyprotex - A radical punt as this company had a "unusual" beginning. But they have shed the former problem directors and have developed a "virtual human" on computer to assess drugs and its retention in the human body. This is said to be unique and if it takes off there is very big money in it. Was launched at 28p odd, fell to 2p and after the product launch went back up to 14p before settling in a range 9/12p. A current modest "side trade" of mine effectively in real un-margined equity.

The thing I like about so called penny shares is you only need to get it right once and once only to make very big money. For example I identified Lastminute.com as a good purchase at 20p in November/December 2001. At 1.80 a share now...

One very important final point...if you get it right and your so called penny share starts to grow substantially DO NOT be tempted to take too early profits, the whole point about a penny share is you are looking for a 10/20 bagger (10 to 20 time your investment) That pays off the losers and give you your overall profitable return

THUS: "not only are they on track to be cash flow positive within a few months"

Er how long has this company been going for?

Point taken about multibaggers Paul. I think this applies to turnaround stocks, there have been lots lately, FIB and PIC are random examples [which in honesty I considered but rejected].

The mining shares are a bit different. Most are designed to be penny shares in the first place. One or two fold (Navan) or do accordion imitations (Minmet). However these are quite spottable by peeps of moderate intelligence/experience, but no special knowledge. Most small mining shares stagger on somehow, at least they have done over the last couple of years. The usual pattern is a spike when they do some deal, get good drilling results or otherwise attract attention. Then they fall back again.

Some indeed establish trends and give 2x or 3x returns over a year or two (AVM, POG, CER). Only one in recent years has gone from a few pennies to over a pound (Brancote). So, it seems to me, a 40% or so target in a timeframe of six months, plus or minus, is not unreasonable, and if you get it sooner, you jolly well take it! The buying opportunities outnumber the selling opportunities, in short.

Tips section:

HPD Exploration (HPD), about 10p to buy, well planned and financed gold explorer.

Hereward Ventures (HEV), 5p-ish; Gold Fields has a stake bought at 7p and is financing exploration activities in Bulgaria

Flintstone (FLT), see own thread, sort of non-tech tech incubator, hit a low sub 10p -- VERY speculative but if sellers gone could move pretty well. If it wanted to promote itself to the market, I think it could, but managing for now with private placements.

EDIT: Re HIF, I know I was a bit enthusiastic higher up, but a sudden need for cash arose. My usual rule is to run winners, sell losers. However deeper reflection suggested with HIF, the Cata Preta deal is not necessarily a poor one, but they were pushed to get SOME deal and it was probably the one that was available. Anyway I hope I covered myself by mentioning the distribution at 3p. I still think it is likely to revisit that level, more so after the further placing.

2nd EDIT: Friday a.m. -- sold DGO @ 23.44, 25% profit in 3 days will do me. Traders taking profits and mainly small punter money coming in, I thought it would correct a bit

well done PW, you were right about DGO instead of FTO but I am still hoping for a turn on mine.

Thanks Gardyne. I don't feel that clever to pass up another 2p on DGO available by the close. However the chart shows a "flag half way up the mast" which it fulfilled and then quite a bit more 10p -- 16p -- 26p. The 100k trades in there look like traders playing games with mms, wouldn't want to be in it on Monday.

Good luck with FTO.

I think that SGD (sectorguard)might be worth a look.They are involved with manned security sysytems and their recent results were encouraging.At 3p a share the upside could be significant.It may be worth waiting for the AGM statement but that of itself might give rise to an upgrade.I do not think you can go far wrong by studying the potential for growth in the security area.

MY PENNY SHARE TIPS - BUT BE QUICK

Dana petroleum plc (DNX) - the potential is obviously there. A must.

Celsis international (CEL) - supply deal with glaxoSmithKline in the bag
and more to come.

Thus group (THUS) - good long term punt.

Medysis (MDY) - Forget the history this share is going to go some, more results
due out Aug 03.


All well priced between 14p & 27p. Money in the bank!

cmr - cambridge minerals are due for a very big three weeks.

firstly a week monday should see an update on current drilling programme and they have already announced amazing grades higher than 10g/t and these will be confirmed. It should confirm a whole new blind orebody extension

Secondly they have flagged up that they are about to do a cash flow JV which will transform the company - the agm is aug 7th and my bet is they will conincide this annoucenment with that.

Thirdly last week saw several large buys - mainly in the afternoon - and it is my impression they ahve interest from canada.

well worth a look

corus group(cs)-further gains after rumours of refinancing green light?

DTC news expected according to posters on ADVFN

well 13% on cmr is a good start

PDX is still moving

In HPD (the AIM listed gold explorer with interests in New Zealand, Canada, Chile and Argentina) I detect "definite signs of accumulation" -- the old ones are the best

SLP and GMC

DYOR

MMG is a small bio tech company based in Cambridge and valued at 8 mills..shares magazine rates them a buy ..

Re my earlier posts about Thus and Cyprotex.

Am now out of Thus at 23.5p having traded it up from 12p odd taking profits along the way. May consider re-entry long if it hits 26p on very good volume, however am wary of pull backs as this has come a long way up from 5p.

Am still in Cyprotex unmargined, am prepared to hold on.

Unlikely to be taking any new positions now until September on penny shares. Best of luck all