Australian (ASX) Stock Market Forum

Shares under 10c and $10m Market Cap

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roofa said:
BDL worth a look @ 5 cents if you are doing research, noticed some directors topping up their super funds in recent times.
Click to expand...

Yea, Im taking an interest in this one. heaps of director buy a few weeks ago and has risen from .37 to the current .55 since.

Seems to be building for an upswing.
 
There are 100's of stocks that fit the under 10c and under 10m category

This should get you started.. order by market cap, price as at a few minutes ago

Company Code Last Market Cap
ENTEK ETE 6 $9,956,101.00
METABOLIC MBP 3.2 $9,644,932.00
BOULDER BGD 2 $9,636,039.00
RED METAL RDM 9.4 $9,580,812.00
BROAD INVT BRO 0.3 $9,548,481.00
SUBSAHARA SBS 1.9 $9,522,037.00
RANGERIVER RNG 1.4 $9,513,967.00
VITA GROUP VTG 6.6 $9,322,355.00
AZUMAH AZM 10 $9,315,000.00
BONAPARTE BON 4.9 $9,279,375.00
MERCHANT MHI 9.8 $9,170,756.00
MONARO MIN MRO 10 $9,093,150.00
CROESUS CRS 2 $8,983,012.00
TSVHOLDING TSH 9.5 $8,868,341.00
REY RES REY 6.4 $8,770,096.00
COMPASS HOTEL CXH 7 $8,661,177.00
NGM RES NGM 7.5 $8,631,000.00
TRI ORIGIN TRO 8.4 $8,561,132.00
HANNANS HNR 10 $8,452,860.00
ACCENT RES ACS 7.8 $8,433,048.00
BIOTRON BIT 8 $8,355,485.00
ELIXIR PET EXR 4.4 $8,315,493.00
GLENGARRY GGY 2.9 $8,294,107.00
YELLOW ROCK YRR 4.9 $8,257,784.00
TRUSTPOWER TPW070 8.25 $8,250,000.00
XRF XRF 9 $8,245,051.00
FLETBUILD FBU210 9.3 $8,237,893.00
STHN GOLD SAU 8.8 $8,199,074.00
ZEDEX ZDX 3.9 $8,198,679.00
MATRIX OIL EMR 7 $8,083,707.00
ASF GROUP AFA 9 $7,979,916.00
ENTELLECT ESN 0.6 $7,863,409.00
BOUNTY OIL BUY 2.6 $7,821,857.00
GATEWAY GML 7.6 $7,685,345.00
SAFETYMED SFP 10 $7,629,007.00
GOLDEN CROSS GCR 1.2 $7,618,837.00
PULSE HEALTH PHG 5.5 $7,602,748.00
LACHLAN STAR LSA 0.7 $7,559,072.00
CENTRAL ASIA CVR 5 $7,511,858.00
AVITA MEDICAL AVH 8 $7,477,913.00
ADG GLOBAL ADQ 10 $7,353,760.00
ADV ENGINE ACE 4.9 $7,242,352.00
JUPITERENG JPR 2 $7,137,204.00
SEALEGS SLG 9 $7,118,117.00
WCP DIVERS WCP 3 $6,964,007.00
RESONANCE RHT 1.9 $6,821,126.00
MAWSON MWE 4.4 $6,786,148.00
TECHNICHE TCN 9.1 $6,760,966.00
KEY PETROLEUM KEY 9 $6,747,450.00
ADELPHI EN ADI 5.6 $6,719,891.00
URANIUM EX UXA 7.4 $6,608,786.00
DAGUILAR DGR 4.5 $6,572,005.00
MIDAS RES MDS 2.9 $6,553,311.00
ORD RIVER ORD 3.6 $6,469,251.00
RANGE RES RRS 3.2 $6,374,081.00
FLETBUILD FBU190 9.25 $6,313,310.00
WRIGHTSONFIN PWF030 6.3 $6,300,000.00
PATRYS LTD PAB 7 $6,265,439.00
PANCONT PCL 1.4 $6,226,782.00
EFTEL EFT 3.9 $6,155,663.00
COPSTRIKE CSE 6.7 $6,125,178.00
FACILITATE FAC 5.5 $6,099,238.00
ADELAIDE ADE 7.8 $6,088,694.00
CARDIA CNN 2.2 $6,075,787.00
OVERLAND OVR 10 $6,060,000.00
ENVIRON ESI 1.9 $5,965,732.00
RAWSON RAW 8.3 $5,940,073.00
ENVIROGOLD EVG 3 $5,937,892.00
GOLDEN RIM GMR 7 $5,935,656.00
KARMELSONIX KSX 1.9 $5,868,660.00
WILDHORSE WHE 9 $5,841,450.00
DEGREY DEG 2.6 $5,800,921.00
GREATERPAC GPN 0.5 $5,796,853.00
POWERLAN PWR 7 $5,776,915.00
STRATEGIC SER 2 $5,764,450.00
NORTH WEST NWR 4.3 $5,704,828.00
GAS2GRID GGX 4.8 $5,544,963.00
MAXIMUS MXR 3.6 $5,532,230.00
PRIMA PRR 1.8 $5,491,438.00
PRAIRIE DN PDZ 7.5 $5,466,795.00
BEYOND BSI 2.5 $5,452,770.00
ADERSOURCE ADN 6.4 $5,321,986.00
LION ENE LIO 5.6 $5,291,650.00
ENVMISSION EVM 5 $5,277,794.00
ROYAL RES ROY 5.7 $5,270,257.00
MOUNT MAGNET MUM 9 $5,218,825.00
GALE PAC GAP 3.8 $5,199,712.00
PACRIM LTD PRE 0.6 $5,185,724.00
EQITX LTD EQX 3.1 $5,132,489.00
DATADOT DDT 3.4 $5,085,634.00
EROMANGA ERO 8 $5,066,816.00
CITYVIEW CVI 1.1 $5,060,580.00
PLANETGAS PGS 2.5 $5,048,048.00
MORN STAR MSH 5.4 $5,043,488.00
TRAFFIC TTI 4 $5,023,654.00
OPTISCAN OIL 4.2 $4,923,808.00
RIMFIRE RIM 1.6 $4,907,618.00
FRESHTEL FRE 2.7 $4,907,058.00
GULF MINES GLM 7 $4,769,093.00
PANPALLAD PPD 3.6 $4,757,264.00
 
and if you want to go under the 1 cent mark, check out pre, if your up for a little pain in your diet : )

JC
 
I dunno if your taking the p*ss or not, but I thought i would mention it because its in the same ball park as what he's asking for. Cheap stocks with good fundamentals.
 
There are only two stocks I hold in this category BMY Brumby Resources which at times has been substanially out of this category and AAR..

I think alot of stocks in this category are hold and wait.. you have to find something with potential but they are in this category cause you will be waiting for the potential to be realised and huge profits made or the cash to dwindle away and loose your money !
 
Just looking into PHG. Third largest healthcare company in Australia, top two under monopolies restrictions. Cashflow positive. 6c today.
 
Hi guys

I like the idea of buying into quality penny stocks but the liquidity of the stocks concerned me. Most of the stocks in this category trades very thinly. Does that bother you guys at all? :confused:

Any advice would be appreciated :)

Cheers
 
Jackpot one of the reasons why they are cheap stock is because there’s no liquidity. It certainly doesn’t worry me – in fact it’s something to take advantage of until (hopefully) liquidity forms.
G
 
Jackpot said:
Hi guys

I like the idea of buying into quality penny stocks but the liquidity of the stocks concerned me. Most of the stocks in this category trades very thinly. Does that bother you guys at all? :confused:

Any advice would be appreciated :)

Cheers
Click to expand...
It's risk/reward. Because they generally only have a few shares on issue when they hit something good the sp can jun pretty hard. Same for bad news too, in the opposite direction.
 
Hi

If I may ask more, what are the things to look out for when trading such stocks?

Thanks in advance :)
 
Jackpot said:
Hi

If I may ask more, what are the things to look out for when trading such stocks?

Thanks in advance :)
Click to expand...
Depends on your 'trading' approach. Some people find stocks through fundamental analysis and will buy into small caps with the view that they are undervalued, or have significant potential and just hold them long term without worrying too much about short term price movements, or even if they drop in price significantly. They will just wait till they are re-rated to a price they think is closer to fair value and then maybe sell and look for the next undervalued company. People who trade off technical analysis will buy and sell according to chart movements, have a stop loss plan, and/or a % gain in mind, or buy and sell according to support and resistance. Lots of different ways to skin the beast, you need to find out which way suits you the best.
 
Jackpot said:
Hi guys

I like the idea of buying into quality penny stocks but the liquidity of the stocks concerned me. Most of the stocks in this category trades very thinly. Does that bother you guys at all? :confused:

Any advice would be appreciated :)

Cheers
Click to expand...

If you are a trader then liquidity is your priority
but if you are an investor and think you found a small cap that has potential to go large cap or mid cap then you just hang on for the ride, eat dividend in between and when it reach mid or large cap you find plenty of liquidity to offload at the price you want.

as by then most brokers will cover them and it get on the radar of fund managers.

I have small cap XRF I bought just before it pay the maiden dividend..price move up and down between 9-11 cents but I hold all those time and not going to sell it unless something fundamentally wrong with the stock :D or when I can find better stocks to put my money into.
 
kennas said:
Depends on your 'trading' approach. Some people find stocks through fundamental analysis and will buy into small caps with the view that they are undervalued, or have significant potential and just hold them long term without worrying too much about short term price movements, or even if they drop in price significantly. They will just wait till they are re-rated to a price they think is closer to fair value and then maybe sell and look for the next undervalued company. People who trade off technical analysis will buy and sell according to chart movements, have a stop loss plan, and/or a % gain in mind, or buy and sell according to support and resistance. Lots of different ways to skin the beast, you need to find out which way suits you the best.
Click to expand...


ROE said:
If you are a trader then liquidity is your priority
but if you are an investor and think you found a small cap that has potential to go large cap or mid cap then you just hang on for the ride, eat dividend in between and when it reach mid or large cap you find plenty of liquidity to offload at the price you want.

as by then most brokers will cover them and it get on the radar of fund managers.

I have small cap XRF I bought just before it pay the maiden dividend..price move up and down between 9-11 cents but I hold all those time and not going to sell it unless something fundamentally wrong with the stock :D or when I can find better stocks to put my money into.
Click to expand...

Thanks guys for the advice.
Can you let me know if this idea of mine is flawed.

I will buy into stocks that are trading at less than half a cent, the lower the better actually. Since 0.001 is the lowest movement on ASX, any movement up will be at least a 20% profit. Obviously the price could go down but there will be limited loss. I mean if I buy in 1 million shares at $0.005, it will cost me $5000 so my loss will be $4000 (unless the stock delist and my shares become $0 value). The upside however is unlimited. 1 tick up in my favour is 20%. I think the criteria to my strategy is volatility and liquidity....cos I dont want to be holding the stocks for a few years without movement.

This morning I placed a trade on RSN at $0.002....but I couldnt get the stocks at that price. It closed at $0.003. Arrg....50% profit gone :mad:

How does my idea sound? Is it workable...what are other factors I have to consider :)
 
Jackpot said:
Thanks guys for the advice.
Can you let me know if this idea of mine is flawed.

I will buy into stocks that are trading at less than half a cent, the lower the better actually. Since 0.001 is the lowest movement on ASX, any movement up will be at least a 20% profit. Obviously the price could go down but there will be limited loss. I mean if I buy in 1 million shares at $0.005, it will cost me $5000 so my loss will be $4000 (unless the stock delist and my shares become $0 value). The upside however is unlimited. 1 tick up in my favour is 20%. I think the criteria to my strategy is volatility and liquidity....cos I dont want to be holding the stocks for a few years without movement.

This morning I placed a trade on RSN at $0.002....but I couldnt get the stocks at that price. It closed at $0.003. Arrg....50% profit gone :mad:

How does my idea sound? Is it workable...what are other factors I have to consider :)
Click to expand...

Im no expert Jackpot, but one aspect to consider is volume of trade. All well and good buying at 0.002, but how long is the sell list at 0.003? U could find yourself WAY down the list of sellers. U wont be the only one with that kind of trade & profit margin in mind. Could be stuck with a dog if there are no buyers. These stocks are 0.002 for a reason, very few ppl want them
Just expressing my simpiltons opinion
Futhermore, i nearly got caught with one of these that consolidated, just got out in time thank God, its been a disaster ever since!
Hope it works for you
 
springhill said:
Im no expert Jackpot, but one aspect to consider is volume of trade. All well and good buying at 0.002, but how long is the sell list at 0.003? U could find yourself WAY down the list of sellers. U wont be the only one with that kind of trade & profit margin in mind. Could be stuck with a dog if there are no buyers. These stocks are 0.002 for a reason, very few ppl want them
Just expressing my simpiltons opinion
Futhermore, i nearly got caught with one of these that consolidated, just got out in time thank God, its been a disaster ever since!
Hope it works for you
Click to expand...

Hi Springhill

Good point.
That was my concern as well. If I bought in a stock with low liquidity I will have difficulty trying to offload when the price move in my favour.
Well guess this isnt a great idea afterall :eek:

Anyone knows of any stocks that are trading in the price range I was looking at and with high liquidity :D

Do you think HAW fit in the bill :rolleyes:
 
Jackpot said:
Hi Springhill

Good point.
That was my concern as well. If I bought in a stock with low liquidity I will have difficulty trying to offload when the price move in my favour.
Well guess this isnt a great idea afterall :eek:

Anyone knows of any stocks that are trading in the price range I was looking at and with high liquidity :D

Do you think HAW fit in the bill :rolleyes:
Click to expand...

Cripes mate you're f***ing game! With 1.15 billion shares out there and basically no trade volume, except for an obvious leak coming up to recent announcements, you'd make a great Japanese kamikaze pilot. I wouldnt touch it with a barge pole. Take a look at the buy/sell depth
LOL dunno if ur being sarcastic, but good luck!
 

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springhill said:
Cripes mate you're f***ing game! With 1.15 billion shares out there and basically no trade volume, except for an obvious leak coming up to recent announcements, you'd make a great Japanese kamikaze pilot. I wouldnt touch it with a barge pole. Take a look at the buy/sell depth
LOL dunno if ur being sarcastic, but good luck!
Click to expand...

Oh come on springhill spare me that...
I am a novice no doubt, I wouldnt be asking question if I wasnt :confused:
 

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