Share club valuation @ 8 Jul 2018

richard@imutual
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Share club valuation @ 8 Jul 2018

Post by richard@imutual » Sun Jul 08 2018 11:59am

Here are the figures for the Cashback Investment Club's latest valuation, based on our investments and cash holdings as at 8 Jul

Since the last valuation on 9 Jun, the club's unit price has dropped from £0.858 to £0.8458, a change of -1.42%. See Unit price calculations

Members have paid a further £50.08 into the club since 9 Jun, and these have been converted to units at the new price of £0.8458. You can see a history of your own payments here

We currently have 16 members who have made 335 payments into the club totalling £6,609.27. The total value of our current assets is £5,811.33. Our list of our past investment decisions can be found here, and valuations of our current holdings (based on market mid-prices) can be viewed here

Our current cash holdings consist of £148.56 held in our Co-op bank account, + a further £329.29 held in our Share Centre dealing account.
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Re: Share club valuation @ 8 Jul 2018

Post by BeautifulSunshine » Sun Jul 08 2018 5:31pm

richard@imutual wrote:Our current cash holdings consist of £148.56 held in our Co-op bank account, + a further £329.29 held in our Share Centre dealing account.
Total Cash = £477.85

Can we please move the funds from our Co-Op bank account into our Share Centre dealing account so the funds are ready if and when we decide to make a purchase.

We are due a generous dividend soon (I can't remember which share though so it may have been paid).
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Re: Share club valuation @ 8 Jul 2018

Post by kevinchess1 » Sun Jul 08 2018 9:42pm

Seriously?
You’re thinking about adding to our all ready Blotted portfolio?
Can’t buy something either way
Some of that money is reserved for the Small cap fund
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Re: Share club valuation @ 8 Jul 2018

Post by kevinchess1 » Sun Jul 08 2018 10:07pm

And our unit price has dropped AGAIN
Yet our officials post a about how everything is lovely in the garden and do nothing
All V depressing
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Re: Share club valuation @ 8 Jul 2018

Post by BeautifulSunshine » Mon Jul 09 2018 5:54am

kevinchess1 wrote:And our unit price has dropped AGAIN
Yet our officials post a about how everything is lovely in the garden and do nothing
All V depressing
It's not that "everything is lovely in the garden" we are making a loss and have been doing so whilst the FTSE has gained.

Shares are a long-term investment and at times our portfolio will be negative. In my humble opinion I'm happy to be patient for several decades.
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Re: Share club valuation @ 8 Jul 2018

Post by parchedpeas » Mon Jul 09 2018 10:49am

kevinchess1 wrote:And our unit price has dropped AGAIN
Yet our officials post a about how everything is lovely in the garden and do nothing
All V depressing
This is all getting very boring. Every month you post the same thing.

What is it that you propose we do? Nobody 'sets the rules' here. It's an open forum. Go on: lead...
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Re: Share club valuation @ 8 Jul 2018

Post by blythburgh » Mon Jul 09 2018 10:58am

Thunderfog wrote:
kevinchess1 wrote:And our unit price has dropped AGAIN
Yet our officials post a about how everything is lovely in the garden and do nothing
All V depressing
It's not that "everything is lovely in the garden" we are making a loss and have been doing so whilst the FTSE has gained.

Shares are a long-term investment and at times our portfolio will be negative. In my humble opinion I'm happy to be patient for several decades.
If I was a member I would have cashed in for a loss before several decades had passed. I agree shares are, in the main, not something you should be buying today and selling next week or even if the share price drops. But holding loss making shares for decades shows a very large degree of idiocracy IMHO
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler

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Re: Share club valuation @ 8 Jul 2018

Post by parchedpeas » Mon Jul 09 2018 11:12am

Some of these shares were bought - by consensus - for an income. GNK pays a healthy dividend even though it's a paper loss. These things have been talked about over and over again. And then each and every month the same comments get said here.

None of us are 'in charge'. This is not being done TO you: you can get out any time you want, and you can help change the direction any time you want. But, like in other areas of this forum, it's just easier to post useless negativity instead.

We are where we are, mistakes have been made, we've had a recent change of direction. So what is the moaning supposed to achieve?
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Re: Share club valuation @ 8 Jul 2018

Post by kevinchess1 » Tue Jul 10 2018 4:43pm

I'm sorry, I'm confused. Isn't the Chairman and officers in charge?
Isn't that what they're supposed to do? Lead?
ALL of the shares were brought by 'Consensus'
But can you say which were were brought for income? No? Thought not?
Maybe you haven't been paying attention to my previous posts but I've been TRYing to change the direction with no success
It was me that pushed for the vote to sell Carillion whilst there was still something to be salavage
It was me who pushed for an overhaul of our portfolio with a view to downsizing
How did that idea pan out ?
G has no intention of selling anything ever
The secretary talks about 'Waiting decades' and 'Buying even more shares!'
AND the Treasurer silence on all these matters is deafening
By the by you do realise making negative comments about negative posts is irony or don't you?
Think that about covers it all
I leave you with the last words
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Re: Share club valuation @ 8 Jul 2018

Post by richard@imutual » Wed Jul 11 2018 12:49pm

I agree with a number of things you've said. Kev, but to put our latest month in context ... the FTSE 350 dropped by 1.1% over the same period. So our drop of -1.42% is not in itself a significant outcome
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