Discussion of the proposed Cashback Investment Club
Moderator: CIC officers
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garindan
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by garindan » Sat Feb 29 2020 10:29pm
AAAlphaThunder wrote: ↑Sat Feb 29 2020 10:02pm
Which bring us neatly to "When are we going to make our next investment?"
No more money at the moment for investments....typically we have just spent up.
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Beachboy
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by Beachboy » Sat Feb 29 2020 11:53pm
garindan wrote: ↑Sat Feb 29 2020 11:44am
Beachboy wrote: ↑Sat Feb 29 2020 11:31am
What a shocker! Pesky Coronavirus!!
After all our hard work too. Most disappointing to be honest
Hopefully the whole thing will get sorted out and markets will recover again. I'm guessing it will take a number of months though, so we'll have to be in this for the long-haul again.
I know it is really disappointing. I am absolutely gutted about the Ramsdens one in particular because Coronavirus aside I had been praying for the last few weeks we would get enough member support to sell this share and crystallize our profit. I think it came down as close to one vote needed at one stage to get to a 'sell' situation but alas it was obviously not to be.
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Boro Boy
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by Boro Boy » Sun Mar 01 2020 12:02am
richard@imutual wrote: ↑Sat Feb 29 2020 2:28pm
It really is a panic situation and although it could fall further over the coming weeks and months, it's almost certainly a great buying opportunity for those with money to invest for the long term
Why, for instance, is a company like Pure Gold Mining suddenly worth 16% less because of the latest news on this virus???
Panic situation - No; just the market makers making money, they only make money when sales and purchases happen and not when shares are on hold, so any opportunity to drive the market means £££ for them.
Good you recognised its fill yer' boots with shares time - it's sale time, make the most of the opportunity and make purchases not sales...
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richard@imutual
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by richard@imutual » Sat Mar 07 2020 7:44am
The performance of our investments during the week ending 6th March was as follows:
Aviva fell 7.8p to £3.43, a
loss of 2.2%
Originally bought 117 at £5.12 on 6 Nov 2017
Bakkavor fell 12.6p to 97.6p, a
loss of 11.4%
Originally bought 711 at £1.40 on 11 Feb 2020
Codemasters rose 2p to £2.83, a
gain of 0.7%
Originally bought 337 at £2.96 on 20 Jan 2020
ITV fell 14.25p to £1.02, a
loss of 12.2%
Originally bought 246 at £2.52 on 28 Aug 2015
Pure Gold Mining rose 2.5p to 41.5p, a
gain of 6.4%
Originally bought 2342 at 42.7p on 23 Aug 2019
Ramsdens fell 1p to £1.88, a
loss of 0.5%
Originally bought 533 at £1.88 on 21 Jun 2019
Vodafone rose 2.55p to £1.35, a
gain of 1.9%
Originally bought 273 at £2.20 on 8 Nov 2017
Warehouse REIT rose 3.5p to £1.12, a
gain of 3.2%
Originally bought 941 at £1.06 on 17 May 2019
Share plc fell 0.5p to 32p, a
loss of 1.5%
Originally bought 500 at 40.7p on 8 Oct 2014
The FTSE 100 index fell 40 points to 6480 points, a
loss of 0.6%
The FTSE 350 index fell 75 points to 3641 points, a
loss of 2%
The
total value of our investments fell £36.41 to £5849.34, a
loss of 0.6%
See also
Performance of our current investments and
Top tipsters
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richard@imutual
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by richard@imutual » Sat Mar 14 2020 7:44am
The performance of our investments during the week ending 13th March was as follows:
Aviva fell 71.4p to £2.72, a
loss of 20.8%
Originally bought 117 at £5.12 on 6 Nov 2017
Bakkavor fell 19.8p to 77.8p, a
loss of 20.3%
Originally bought 711 at £1.40 on 11 Feb 2020
Codemasters fell 55p to £2.28, a
loss of 19.5%
Originally bought 337 at £2.96 on 20 Jan 2020
ITV fell 17.82p to 84.48p, a
loss of 17.4%
Originally bought 246 at £2.52 on 28 Aug 2015
Pure Gold Mining fell 9.5p to 32p, a
loss of 22.9%
Originally bought 2342 at 42.7p on 23 Aug 2019
Ramsdens fell 15p to £1.73, a
loss of 8%
Originally bought 533 at £1.88 on 21 Jun 2019
Vodafone fell 29.42p to £1.06, a
loss of 21.7%
Originally bought 273 at £2.20 on 8 Nov 2017
Warehouse REIT fell 7p to £1.05, a
loss of 6.3%
Originally bought 941 at £1.06 on 17 May 2019
Share plc fell 5p to 27p, a
loss of 15.6%
Originally bought 500 at 40.7p on 8 Oct 2014
The FTSE 100 index fell 1169 points to 5312 points, a
loss of 18%
The FTSE 350 index fell 618 points to 3024 points, a
loss of 17%
The
total value of our investments fell £927.13 to £4922.21, a
loss of 15.9%
See also
Performance of our current investments and
Top tipsters
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blythburgh
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by blythburgh » Sat Mar 14 2020 9:05am
Bad but better than both 100 and 350 indexes
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
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kevinchess1
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by kevinchess1 » Sat Mar 14 2020 9:51am
I’m surprised that the CIC haven’t had a discussion about selling everything
Actually I’m not
Politically incorrect since 69
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blythburgh
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by blythburgh » Sat Mar 14 2020 9:57am
kevinchess1 wrote: ↑Sat Mar 14 2020 9:51am
I’m surprised that the CIC haven’t had a discussion about selling everything
Actually I’m not
Sell, dear boy, that is the last thing I will do
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
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Beachboy
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by Beachboy » Sat Mar 14 2020 10:51am
kevinchess1 wrote: ↑Sat Mar 14 2020 9:51am
I’m surprised that the CIC haven’t had a discussion about selling everything
Actually I’m not
I tried to kick start a discussion initially for one of our shares but got no support and very limited response either for or against that approach unfortunately
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kevinchess1
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by kevinchess1 » Sat Mar 14 2020 11:48am
Beachboy wrote: ↑Sat Mar 14 2020 10:51am
kevinchess1 wrote: ↑Sat Mar 14 2020 9:51am
I’m surprised that the CIC haven’t had a discussion about selling everything
Actually I’m not
I tried to kick start a discussion initially for one of our shares but got no support and very limited response either for or against that approach unfortunately
No That doesn’t surprise me
I’d say it’s too late now but it seems likely that the FTSE hasn’t bottem yet
Last edited by
kevinchess1 on Sat Mar 14 2020 5:17pm, edited 1 time in total.
Politically incorrect since 69
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