Who trades in PENNY SHARES online in the UK?

Question

I have opened a Halifax share dealing account. However, they don't trade in penny shares. Who does ONLINE in UK as there are a few companies I have spotted I would like to make a modest investment in?

Answer 1

All U.K. Equities are "penny shares" because their prices are quoted in pennies or fractions thereof. What you are referring to are small - caps. Sounds like you have bought the hype.

Answer 2

THERE IS A VERY GOOD REASON WHY SHARES ARE PRICED AT THE "PENNY" LEVEL ..

There are dozens of scam artists and con-merchants lining up to 'spin' a story about 'temporary hard times' and 'undiscovered value', but it's all fools gold .. the fact is, these scam artists and con-merchants are trying to unload worthless paper that they have picked up for fractions of a penny ....

... and the fact that a major company (Halifax) is unwilling to deal in this worthless paper should be giving you a few hints .. who (exactly) do you think is going to buy your shares at the 'market price' when you want to sell them again ??? (not the scam artists & con-merchants, that's for sure :-) )

Those with more money than sense buy penny shares .. although more often than not, the balance between money and sense is soon restored :-)

If you can't see that, fine = it will be a 'learning' experience :-)