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Penny Shares
Penny Shares are shares of smaller holdings which have a low value. There is no official rule for when an equity becomes a penny share but it tends to be when the bid-spread offer is around 10% of the offer price or if the share price is less than 50p.
Penny shares are normally issued by companies that are generally capped at under £100 million and have only just started trading. These companies are likely only to have a small amount of assets and a short operating history and so, as a result, these shares are usually lower in price. This is in contrast to shares in large blue-chip companies which will have the stability of a large amount of assets and a long trading history to fall back on.
| Five Key Benefits of trading Penny Shares with Halifax Share Dealing |
| 1. Highly competitive dealing charges - deal online for only £5 for deals worth under £250, £11.95 for all other deals (excluding international trades) or over the telephone from £15 |
| 2. Be the first to invest in the companies of tomorrow |
| 3. Benefit from potentially large returns - but equally beware of large losses. |
| 4. Access to TradePlan, a new way to control risk and maximise profit |
| 5. Open an account with Halifax Share Dealing and have access to our new Market Information Centre to find out all you need to know to invest in the FTSE with confidence |
Opening Your Account
Your Halifax Share Dealing Account can be opened with a £100 initial deposit. This can then be invested into any eligible investment of your choice.
Transfer from your current provider- Find out more about how to transfer from your existing provider to a Halifax Share Dealing!
Next Steps
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Apply online for an account - it only takes a few minutes
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Telephone our UK based call centre on 08457 22 55 25* to find out more today (lines are open 8am - 9.15pm Monday to Friday and 9am -1pm Saturday excluding English Bank Holidays.)
Please remember the value of your investments and the income from them can go down as well as up. You may not get back the full amount you have invested. If you're in any doubt about the suitability of any of our products, or whether to buy or sell shares, you should consult an appropriate Financial Adviser.
Click here to view our Regulatory Information
Calls from BT landlines to 0845 numbers will cost no more than 2p a minute plus a 7p connection fee. The price of calls through other phone companies and from mobile phones will be different. Call price correct as of 28th October 2008.
