imutual.co.uk

The performance of our investments during the week ending 16th April was as follows:


Bakkavor fell 4p to £1.22, a loss of 3.2%
Originally bought 711 at £1.40 on 11 Feb 2020

Pure Gold Mining rose 5.5p to 86p, a gain of 6.8%
Originally bought 2342 at 42.7p on 23 Aug 2019
Then bought a further 573 at £1.31 on 4 Aug 2020

Ramsdens rose 1p to £1.65, a gain of 0.6%
Originally bought 533 at £1.88 on 21 Jun 2019

The FTSE 100 index rose 101 points to 7017 points, a gain of 1.5%


The FTSE 350 index rose 58 points to 4027 points, a gain of 1.4%


The total value of our investments rose £137.21 to £4253.06, a gain of 3.3%


See also Performance of our current investments and Top tipsters

The performance of our investments during the week ending 23rd April was as follows:


Bakkavor rose 8.2p to £1.30, a gain of 6.7%
Originally bought 711 at £1.40 on 11 Feb 2020

Pure Gold Mining fell 8.5p to 77.5p, a loss of 9.9%
Originally bought 2342 at 42.7p on 23 Aug 2019
Then bought a further 573 at £1.31 on 4 Aug 2020

Ramsdens rose 1.5p to £1.67, a gain of 0.9%
Originally bought 533 at £1.88 on 21 Jun 2019

The FTSE 100 index fell 86 points to 6932 points, a loss of 1.2%


The FTSE 350 index fell 43 points to 3984 points, a loss of 1.1%


The total value of our investments fell £181.48 to £4071.58, a loss of 4.3%


See also Performance of our current investments and Top tipsters

I'm not a member anymore but shouldn't you seriously consider sell some of your Gold mine?
Just drifting down from a high of £1.30+

kevinchess1 wrote: ↑

Sat Apr 24 2021 11:04am

I'm not a member anymore but shouldn't you seriously consider sell some of your Gold mine?
Just drifting down from a high of £1.30+

I think that ship has sailed. I did suggest selling quite a chunk quite while ago when the price was sky high but lacked support, but that's fair enough because that is part of the democracy and decision making process of the CIC. There is no obvious reason why it should fall any lower (although obviously it might); so I feel, as discussed quite recently, we may as well hold onto them for the time being unless anything significant happens to change that stance.

Unfortunately this is the rub dealing in shares. We could have sold when the price was right up but at the time the company was putting out great soundbites, investors were happy and things were looking very rosey indeed. Bring that timeline forward 6 months and we have seen basically the opposite from the company in terms of sharing information and being transparent. However, if things had gone the other way and popped to 250-300p or something similar, which looked a reasonable possibility, and we'd have felt a bit sick too. It's just a shame it has gone down by the amount it has. With more positive news we should see this rise again but we'll have to hope the management is working hard to pull things together on their watch.

To be honest I don't think we have been very lucky as a Club. If we'd have had a little more luck we might have done significantly better, as there are a number of investments that could have had very different results if you look at the stats. That's investing for you.

The performance of our investments during the week ending 30th April was as follows:


Bakkavor rose 2.7p to £1.33, a gain of 2.1%
Originally bought 711 at £1.40 on 11 Feb 2020

Pure Gold Mining fell 4.5p to 73p, a loss of 5.8%
Originally bought 2342 at 42.7p on 23 Aug 2019
Then bought a further 573 at £1.31 on 4 Aug 2020

Ramsdens fell 0.5p to £1.66, a loss of 0.3%
Originally bought 533 at £1.88 on 21 Jun 2019

The FTSE 100 index rose 58 points to 6989 points, a gain of 0.8%


The FTSE 350 index rose 19 points to 4003 points, a gain of 0.5%


The total value of our investments fell £114.64 to £3956.94, a loss of 2.8%


See also Performance of our current investments and Top tipsters

The performance of our investments during the week ending 7th May was as follows:


Bakkavor rose 0.9p to £1.34, a gain of 0.7%
Originally bought 711 at £1.40 on 11 Feb 2020

Pure Gold Mining rose 5.5p to 78.5p, a gain of 7.5%
Originally bought 2342 at 42.7p on 23 Aug 2019
Then bought a further 573 at £1.31 on 4 Aug 2020

Ramsdens stayed unchanged at £1.66
Originally bought 533 at £1.88 on 21 Jun 2019

The FTSE 100 index rose 136 points to 7124 points, a gain of 1.9%


The FTSE 350 index rose 85 points to 4087 points, a gain of 2.1%


The total value of our investments rose £166.72 to £4123.66, a gain of 4.2%


See also Performance of our current investments and Top tipsters

The performance of our investments during the week ending 14th May was as follows:


Bakkavor fell 2.9p to £1.31, a loss of 2.2%
Originally bought 711 at £1.40 on 11 Feb 2020

Pure Gold Mining rose 13.5p to 92p, a gain of 17.2%
Originally bought 2342 at 42.7p on 23 Aug 2019
Then bought a further 573 at £1.31 on 4 Aug 2020

Ramsdens fell 3.5p to £1.63, a loss of 2.1%
Originally bought 533 at £1.88 on 21 Jun 2019

The FTSE 100 index fell 90 points to 7035 points, a loss of 1.3%


The FTSE 350 index fell 55 points to 4032 points, a loss of 1.3%


The total value of our investments rose £354.25 to £4477.91, a gain of 8.6%


See also Performance of our current investments and Top tipsters

I'd lost faith in PGM so nice to see a slight turnaround.

parchedpeas wrote: ↑

Sat May 15 2021 9:46am

I'd lost faith in PGM so nice to see a slight turnaround.

Don't lose the faith. If you read the thread on the price link you'll see the directors are now buying rather than selling....