Penny Stock Companies

What are the good penny stocks in CSE
Lets make two categories
Less than 5 rupees  and
Less than 1 rupees

ipoguru wrote:What are the good penny stocks in CSE
Lets make two categories
Less than 5 rupees and
Less than 1 rupees

There is no such thing as a good penny stock.

Is that means penny stocks are bad?

ipoguru wrote:Is that means penny stocks are bad?

Serious investors believe that they are not worth looking at. In fact in the US, if a stock trades below US 1.00 for 30 days they get warned and then if the price doesn't improve they get delisted.

In sri lanka on the other hand companies go out of the way to make penny stocks out of otherwise reasonably good shares. SEMB, NHL, ECL (pending split) are classic examples.

If your intention is to trade and not to invest, well penny stock trading is an entirely different subject all together. There are countless books on the subject. You will however notice that many of those books have a snake oil flavour

PAP.SEMB.BLUE,NHL,MULL Seems good to me.I do not have expert knowledge on this , but I always like to keep those expecting some miracles in the future.Sometimes it worked for me

Why not ATL? Which has future potential with its expansion.

Vinu wrote:PAP.SEMB.BLUE,NHL,MULL Seems good to me.I do not have expert knowledge on this , but I always like to keep those expecting some miracles in the future.Sometimes it worked for me

I too agree with Vinu. I also had success with SEMB, MULL

Further, PAP too will its colours..........

Penny stocks rpresents a long term benefit.. ur time of investment with these might sometimes depress u..
For u to have some gain u'll have to acquire a lot (over 10000) ands wait for sometime..

But miracles do happen sometimes and pennies ultimately end up in 2 -3 baggers in a short time even... all depends on the good things in company as well as CSE.. how investors look at couters is a driving factor..

There is method to madness in penny stocks. I feel that it is a little fool hardy to ignore them. Generally in mature more fundamental markets, a penny stock usually indicates that a company is a very high liability investment for the investor. Either business uncertainty or even bankruptcy risk. Take the financial crisis when bank stocks such as RBS and Citibank crashed to next to nothing levels.

In this market, penny stocks are not representative of that risk which changes the dynamic. They might not be the easiest to move, but they have a very high interest amongst retailers and a few high net worth individuals even. They are heavily traded, and for the most case, their low share price has nothing to do with the financial position.

Take GLAS, SIRA, PAP, RAL, etc... what risk of bankruptcy do these stocks have?

In the case of SEMB, there was/is a slight risk but the Central bank has already made its position clear in that it will not allow that company to fail which is a fail safe for investors. Plus I'm hoping it will have a turn around story in the future...

In short, I treat penny stocks as any other investment opportunity as I would other stocks. The price just makes the stock attractive although its hard to predict how long the investor will need to park their money in it for.

My pick from penny stock is SIRA.

1. Although there are fluctuations on earnings, generally company is doing well and was able to survive in recession period by releasing positive results.
2. Dealing business in a promising industry that has been booming after the war.
3. Proposed diversification to leisure sector.
4. Reputed firms in top shareholders list.
5. Recent movements in price and volume ensure that counter is on move and will not be a dull stock that is stagnated for a long period.

Hello,

Can anyone tell me two or three good penny stocks in the market right now?
New to here and starting small

FLCH, SEMB N, ATL, MAL, RAL

Thanks.

FLCH.HVA,UBC

NHL, GLAS, TESS

I have been studying these penny stocks very closely. And I think there are two types of penny stocks to be interested in.

1) First there are penny stocks worthy of collecting. Those are AMSL, DIAL and FLCH. These 3 shares are trading at their lowest prices and will rise with the rise of the market. FLCH looks really promising as it trades well below the IPO as well as the PP prices and also NAP. Besides, all 3 companies have done well in recent times..

2) Then there are stocks that show signs of upcoming rallies. Those are ATL and SEMB. Both these shares are not profit makers, but they are some of the favorites of the traders.

Besides these two categories, MAL and NHL looks promising to me.

Please don't take this as any form of promotion. I have mention these shares so that you could do your own home work and decide what to do with them. (Out of those I have mentioned, I only hold ATL at the moment.)

Thank you...

Leo_pold wrote:I have been studying these penny stocks very closely. And I think there are two types of penny stocks to be interested in.

1) First there are penny stocks worthy of collecting. Those are AMSL, DIAL and FLCH. These 3 shares are trading at their lowest prices and will rise with the rise of the market. FLCH looks really promising as it trades well below the IPO as well as the PP prices and also NAP. Besides, all 3 companies have done well in recent times..

2) Then there are stocks that show signs of upcoming rallies. Those are ATL and SEMB. Both these shares are not profit makers, but they are some of the favorites of the traders.

Besides these two categories, MAL and NHL looks promising to me.

Please don't take this as any form of promotion. I have mention these shares so that you could do your own home work and decide what to do with them. (Out of those I have mentioned, I only hold ATL at the moment.)

Thank you...

Health care sector overall has not performed well, however NHL has performed well according to financial reports.

Priority wise with their future earning and growth for a long term investment they are as follows
FLCH,PAP,GLAS,DIAL,TESS,NHL
Again i am saying it is for long term

kkahapola wrote:FLCH.HVA,UBC

Do you still think that UBC as penny stock?

Penny stocks are not for long term hold

VPEL could be another great penny stock.. I saw in their annual report how the share has performed over the year.. In the financial year 2006/07, the price of the share was 1.80 and next year 2.50 or something like that... After 4 and a half years, it is trading at 10..
Therefore, quite contrary to what rajithasamaranayaka said, penny stocks too can perform well over the years and it is a good long term investment providedthat you pick the right stock..
We talk about an average of 20% gain for your investment in 1 year.. But taking VPEL for example, it has more than doubled every year.. This might not contnue but I guess penny stocks are not a bad investment..

FLCH, NHL, TESS, VPEL

Bro,I hope most penny will be,
KGAL,TAFL,BFL
do your study and buy

rajithasamaranayake wrote:Penny stocks are not for long term hold

Hmm, Interesting comment . Food for thought.

Well if one gets in early to identified growth potential Penny stock you can bag in multiple times its value in the long term. Remember that a company has to start somewhere.So being in the penny section does not mean it is bad. The key is to identify them correctly from a bunch which maybe have duds for long term.

slstock wrote:

rajithasamaranayake wrote:Penny stocks are not for long term hold

Hmm, Interesting comment . Food for thought.

Well if one gets in early to identified growth potential Penny stock you can bag in multiple times its value in the long term. Remember that a company has to start somewhere.So being in the penny section does not mean it is bad. The key is to identify them correctly from a bunch which maybe have duds for long term.

I totally agree with slstock on this. Penny stocks are not bad stocks. They are just companies with a lot of shares. That's why they have a low price for a single share. There are many companies with higher prices but with lower performances. Do you think that all the stocks with a price over Rs. 1000 are the best performing companies in Sri Lanka today? No way...

Just look at each company in the same view point irrespective of the price. Just look whether the stock is undervalued or overvalued. A penny stock can be overvalued and a stock more than Rs. 3000 can still be undervalued. The only thing about penny stocks is that when they start moving, they move fast. Since a rise in just Rs. 3 may mean a 100% rise for them. So it is never a bad thought to invest on them.

Do your own research and make your own decisions...