Member poll: Invest further in Ramsdens

Discussion of the proposed Cashback Investment Club

Moderator: CIC officers

Should we....

Invest further funds in Ramsdens
6
55%
Invest funds in a new company
5
45%
 
Total votes: 11

garindan
Posts: 965
Joined: Wed Jun 30 2010 3:20pm
Location: Midlands
Has thanked: 470 times
Been thanked: 611 times
Contact:

Member poll: Invest further in Ramsdens

Post by garindan » Sat Nov 14 2020 12:27pm

Members,

There has been some discussion in the Ramsdens share monitoring thread. I've raised the idea of investing the remainder of our cash holding (~£800) in Ramsdens now the company has given an update on their financial footing. The company seems to have very good cash reserves and significant valuable metal stock, which in these difficult times stand the business in good stead. Additionally the shops are considered essential status this lockdown, thus the business is not restricted from trading like it had been before in March.

Having significant funds in the bank is not going to help our growth, so we should now be looking to invest that cash. The decision is whether to back Ramsdens again or choose something completely new.

Please do your research, share your findings and discuss below. Let's try and conclude a vote as soon as we can.
Thanked by: burwin, Beachboy, harinmenon
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

garindan
Posts: 965
Joined: Wed Jun 30 2010 3:20pm
Location: Midlands
Has thanked: 470 times
Been thanked: 611 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by garindan » Sat Nov 14 2020 12:41pm

So my view here is that we already have experience in this company, and before the lockdown it was doing really well for us. I don't see how the lockdown (beyond the business risk of it being closed) has negatively impacted the importance of such a business in society, in fact I think it will have the opposite effect in the longer term. With strong financial reserves in the form of cash, as well as precious metals, and a significant network of shops it makes the company available to a wide section of the population. There are some short term negatives in terms of potentially reduced use of the shop network during lockdown, though of course the shops are actually open this time.

Personally, I'd far rather we invested in a company we know a little more about than find another at this point in time.
Thanked by: burwin, Beachboy, harinmenon
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

burwin
Posts: 116
Joined: Sun Jul 15 2012 9:52am
Has thanked: 113 times
Been thanked: 64 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by burwin » Sat Nov 14 2020 12:47pm

I tend to agree... rather be in the market than sitting on hands.
Personally I would prefer gold but that boat has sailed I suppose, so I back the plan to use cash and buy Ramsdens, its as good as any.
Sooner or later we will recover.
Thanked by: Beachboy, garindan, harinmenon

Beachboy
Posts: 1179
Joined: Tue Jun 29 2010 9:53pm
Has thanked: 1241 times
Been thanked: 1549 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by Beachboy » Sat Nov 14 2020 1:18pm

I think the above observations all seem sensible and would prefer to be investing that sitting on cash so happy to support another purchase of Ramsdens shares.
Thanked by: garindan, nickyu, harinmenon

garindan
Posts: 965
Joined: Wed Jun 30 2010 3:20pm
Location: Midlands
Has thanked: 470 times
Been thanked: 611 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by garindan » Sat Nov 14 2020 1:27pm

burwin wrote:
Sat Nov 14 2020 12:47pm
Personally I would prefer gold but that boat has sailed I suppose
The thing with gold is we already have a large raw exposure to it, in terms of our current holding in Pure Gold Mining. At least with Ramsdens we have exposure to it, allbeit in terms of the precious metals formulated as predominently secondhand jewellery "in stock" but additionally a much larger exposure to a positive cash ballance, which in these times is even more king than normal.
Thanked by: burwin
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

AAAlphaThunder
Posts: 26557
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3667 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by AAAlphaThunder » Sat Nov 14 2020 10:01pm

Ramsdens has potential but I favour that we diversify once we reach our now standard £1,000 investment threshold.
[Secretary] imutual Cashback Investment Club

garindan
Posts: 965
Joined: Wed Jun 30 2010 3:20pm
Location: Midlands
Has thanked: 470 times
Been thanked: 611 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by garindan » Mon Nov 16 2020 9:57am

Still a couple of votes out there to be cast but the poll looks to be quite conclusive.
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

AAAlphaThunder
Posts: 26557
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3667 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by AAAlphaThunder » Mon Nov 16 2020 11:32pm

garindan wrote:
Mon Nov 16 2020 9:57am
Still a couple of votes out there to be cast but the poll looks to be quite conclusive.
Indeed, the share should be bought as soon as possible.
[Secretary] imutual Cashback Investment Club

burwin
Posts: 116
Joined: Sun Jul 15 2012 9:52am
Has thanked: 113 times
Been thanked: 64 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by burwin » Thu Nov 19 2020 11:53am

AAAlphaThunder wrote:
Mon Nov 16 2020 11:32pm
garindan wrote:
Mon Nov 16 2020 9:57am
Still a couple of votes out there to be cast but the poll looks to be quite conclusive.
Indeed, the share should be bought as soon as possible.
Agreed time to purchase

garindan
Posts: 965
Joined: Wed Jun 30 2010 3:20pm
Location: Midlands
Has thanked: 470 times
Been thanked: 611 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by garindan » Thu Nov 19 2020 12:01pm

Yes, I am just waiting to see if Rich can transfer the money over from the bank account to the share account. All the details are packed away as I had to pack my house up for the workmen!
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

Post Reply

Who is online

Users browsing this forum: No registered users and 1 guest