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Share club valuation @ 4 Sep 2017

Posted: Mon Sep 04, 2017 8:12 am
by richard@imutual
Here are the figures for the Cashback Investment Club's latest valuation, based on our investments and cash holdings as at 4 Sep

Since the last valuation on 1 Jul, the club's unit price has dropped from £1.0259 to £0.8802, a change of -14.2%. See Unit price calculations

Members have paid a further £358.33 into the club since 1 Jul, and these have been converted to units at the new price of £0.8802. You can see a history of your own payments here

We currently have 16 members who have made 292 payments into the club totalling £5,845.81. The total value of our current assets is £5,230.88. 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 £791.37 held in our Co-op bank account, + a further £161.48 held in our Share Centre dealing account.

Re: Share club valuation @ 4 Sep 2017

Posted: Mon Sep 04, 2017 8:52 pm
by AAAlphaThunder
Can Richard please transfer funds from Co-op bank account to our Share Centre dealing account so we are ready to make a purchase as soon as Garindan is back with us.

Re: Share club valuation @ 4 Sep 2017

Posted: Mon Sep 04, 2017 10:19 pm
by kevinchess1
Purchase :?:
Surely your jesting :?: :?:
Our cash in the bank is worth 100p=£1
Our shares are worth 88p
Much better to hang on to our cash methinks

Re: Share club valuation @ 4 Sep 2017

Posted: Tue Sep 05, 2017 7:59 am
by Beachboy
I don't think we should stop investing just because we have had some bad experiences. We need to learn from these and try not to make similar mistakes. For me I think there have been lots of learning points for us as a club - I am just heading off to work so won't go into any depth here but a flavour of these include obvious things like buying shares at the 'wrong price' (sounds simple but many we have bought were at or near the top of their max); being sucked in by 'special dividends' etc (there has usually been a reason for this i.e. to attract naive investors like us); picking too many volatile shares from outside the FTSE 100 and not having a sufficiently diverse portfolio; not crystalising profits/limiting losses (we could have cashed out ITV and NCC for example to limit losses and possibly bought again at a much lower price if we felt it was worthwhile or used the funds to purchase other shares. Also United Utilities we could have cashed in 15% profit but held on hoping for more but on no real intelligent information to justify why and low and behold it fell back to negative at one point before bouncing back to a much more limited profit); lack of proper use of 'stop-losses'.

That all sounds negative but it is not meant to be, just my observations. I think we should definitely start looking to invest as soon as we can afford to do so.

Re: Share club valuation @ 4 Sep 2017

Posted: Tue Sep 05, 2017 8:25 am
by blythburgh
it might be a good idea to keep some stocks that give a good dividend despite their showing a healthy profit. Unfortunately the healthy profit would only be a gross profit. How healthy would the net profit be after buying and selling costs are taken into account?

When the club can afford large amounts of such stocks then selling on a high and hoping to buy at a lower price would make far more sense than buying and selling small stakeholdings.

Only my opinion and as I cannot afford to be a member it really does not matter what I think.

Re: Share club valuation @ 4 Sep 2017

Posted: Tue Sep 05, 2017 8:26 am
by William Joseph1
Of course you should invest. I do not see the point of having money in the bank and not spending it. No excitement or profit that way. But you need to be slicker and work faster. At the moment the club is slow and cumbersome in its reactions. Every share should have an automatic stop/Loss set. Also the mechanism for selling and buying should be sped up. Need to have a clear vision of what to buy and when/also how long you want to keep stuff for.

Re: Share club valuation @ 4 Sep 2017

Posted: Tue Sep 05, 2017 12:22 pm
by AAAlphaThunder
William Joseph wrote:Of course you should invest. I do not see the point of having money in the bank and not spending it. No excitement or profit that way. But you need to be slicker and work faster. At the moment the club is slow and cumbersome in its reactions. Every share should have an automatic stop/Loss set. Also the mechanism for selling and buying should be sped up. Need to have a clear vision of what to buy and when/also how long you want to keep stuff for.
+1

Re: Share club valuation @ 4 Sep 2017

Posted: Thu Sep 07, 2017 8:43 pm
by kevinchess1
Well, If you had £1000 this time lat year and now had only £880 I can think of many words you used to describe it but 'Exciting' would not be one of them
I just feel, before we go throwing more money down the drain, we should have a plan, including, but not limited to
Setting Stops
Deciding what we are going to do with Carillion.
Lets stop all this doubling up/down on share that why we are such a mess at the moment
Alos this belief that dividend shares are the be all and end all is clearly nonsense as we have consistently prove again and again
I wont be putting in any more money any time soon I'm afraid

Re: Share club valuation @ 4 Sep 2017

Posted: Fri Sep 08, 2017 8:16 am
by pabenny
Even stripping out Carillion, you're sitting on a loss.

In comparison, the FTSE100 index is up about 5% over the last 12 months; the all-share index is up by a similar amount.

Re: Share club valuation @ 4 Sep 2017

Posted: Fri Sep 08, 2017 6:30 pm
by AAAlphaThunder
kevinchess1 wrote:Well, If you had £1000 this time lat year and now had only £880
Be He a brave soul who backs Richard and his merry CIC men with a cool thousand pounds GBP.
kevinchess1 wrote:Well, If you had £1000 this time lat year and now had only £880 I can think of many words you used to describe it but 'Exciting' wound not be one of them
Tactical loss.
kevinchess1 wrote:I wont be putting in any more money any time soon i'm afraid
Me personally, I'm investing every penny that I am kindly awarded.