Jon conceds that making money out of penny shares
is no sure thing.
Recently Chartsearch placed an advert in a leading broadsheet newspaper announcing that the editor of Penny Share
Focus was working on a porfolio of shares most likely to double their value in 1998.
But the group warned that penny shares
tend to be highly volatile and the insider tips were usually rubbish.
They accentuated the benefits of investing in the penny shares
recommended by Highbury without 'clear and fair mention of material risks in shares generally and penny shares
At the same time, Stockbridge's former employers, Manchester-based financiers Zeus Capital, cashed in their chips earlier this month when co-founder Richard Hughes sold two million penny shares
he bought for little more than PS20,000 for almost PS600,000.
In a year when many Birmingham and West Midlands stockbrokers pinned their hopes of our promised magnum of champagne on penny shares
, CYC started out at a fraction of a penny.
If you only intend to buy penny shares
now and again, or even make a one-off purchase, take a look at the Share Centre at this site.
Imran Ahmad gave Rangers a PS200,000 loan and was paid back PS178,000, was given a PS50,000 fee and PS22,000 was converted to 2.2m penny shares
he later sold for more than PS1m.
It was also a year when penny shares
threw off the brightest sparks.
At the most, risk a few hundred quid in penny shares
BRIAN STOCKBRIDGE, Craig Whyte, Malcolm Murray, money's tight, Lloyd's Bank, Bill Ing, Rafat Rizvi, Dave King, Norman Crighton, Richard Hughes, Ticketus, penny shares
, buy into Rangers if you dare, James Easdale, Charles Green, Jim McColl, you've heard them all.
Heard about the penny shares
company that played a CD recording of the chimes of Big Ben to fool phone callers they were talking to an office in London?