I really ought to have been doing this on a monthly basis since the club got underway, and won't bore you with excuses for why this hasn't happened But up until today we had only made one purchase - the shares in Share.com which were necessary in order to reduce dealing costs. So what I propose is to produce a first valuation based on the club's accounts prior to today's investments, and all payments into the club up to this week will be converted to units based on this valuation.
This weekend, I'll aim to give you all access to a screen which will show you your individual valuations, but the overall financial position this will be based on is as follows:
£1664.75 | Paid in* |
1342.41 | Cash in share centre |
77.04 | Cash in bank |
40 | Cash in transit |
203.50 | Share.com shares |
1.80 | Share centre quarterly fee |
£1664.75 | TOTAL |
* £50 has been paid in by members who have not completed the joining process (i.e. The Share Centre have yet to confirm that they've received their proof of ID). These funds will not yet be converted to units
I'll post an update once the individual valuations are available, and then repeat this process on a monthly basis
Reply here with any questions in the meantime