Where to find penny shares

David Thornton explains what penny shares are, and where to find small-cap stocks to invest in.

Penny shares' is a loose term that broadly speaking applies to any share that has the potential to make you a very large amount of money. Of course they will not all succeed, but they do at least offer that possibility. The shares that I write about in Red Hot Penny Shares really fall under two definitions. Either they are young companies that could achieve rapid growth, or else they have a low share price. Or both!

a) Young companies

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£0-5m243£677m0.03%
£5m-£10m156£1.117bn0.05%
£10m-£25m264£4.415bn0.19%
£25m-£50m250£9.180bn0.4%
£50m-£100m225£16.413bn0.71%
£100m-£250m279£45.422bn1.98%
£250m-£500m169£60.223bn2.62%
£500m-£1bn137£100.4bn4.37%
£1bn-£2bn96£130.1bn5.67%
Over £2bn151£1.9trn83.97%
Totals1,970£2.3trn100%

David Thornton is a small cap share expert with over 30 years’ experience in the investment world. He was an equity fund manager at Henderson Global Investors for 17 years, and in 2006 he launched the Matrix New Europe Fund, investing in equities throughout Eastern Europe, Russia and Turkey.