Discussion of the proposed Cashback Investment Club
Moderator: CIC officers
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richard@imutual
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by richard@imutual » Sat Apr 09 2022 8:56am
The performance of our investments during the week ending 8th April was as follows:
Bakkavor rose 1.1p to £1.12, a
gain of 1%
Originally bought 711 at £1.40 on 11 Feb 2020
Pure Gold Mining fell 28.7p to 14.8p, a
loss of 66%
Originally bought 2342 at 42.7p on 23 Aug 2019
Then bought a further 573 at £1.31 on 4 Aug 2020
Ramsdens rose 14.5p to £1.91, a
gain of 8.2%
Originally bought 533 at £1.88 on 21 Jun 2019
The FTSE 100 index rose 123 points to 7666 points, a
gain of 1.6%
The FTSE 350 index rose 61 points to 4291 points, a
gain of 1.4%
The
total value of our investments fell £751.50 to £2244.35, a
loss of 25.1%
See also
Performance of our current investments and
Top tipsters
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Richard Frost
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by Richard Frost » Sat Apr 09 2022 8:58am
Ouch
I am so glad I got out of this when I did. The rudderless way this is going and lack of any comprehensive strategy beggars belief. I cannot believe that a supposedly sensible bunch of individuals are willing to throw money away like they are.
Last edited by
Richard Frost on Sat Apr 09 2022 9:01am, edited 1 time in total.
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richard@imutual
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by richard@imutual » Sat Apr 09 2022 8:58am
Note the updates have been stuck since 19 Feb, so the above figures actually reflect the performance since that date and not just the last week
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Richard Frost
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by Richard Frost » Sat Apr 09 2022 9:05am
richard@imutual wrote: ↑Sat Apr 09 2022 8:58am
Note the updates have been stuck since 19 Feb, so the above figures actually reflect the performance since that date and not just the last week
I am not sure it actually makes any difference, the trend is clear. The length of time it has taken to reach this point just prolongs the agony and compounds lack of a strategy.
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parchedpeas
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by parchedpeas » Mon Apr 25 2022 11:08am
2 weeks and no 'weekly update'.
The live report is broken, again (showing PGM at 15p, when it's actually at 12.5p)
Not a peep out of the investors (most of whom never visit the site, and so can't vote on share movements or buying and selling.)
This website is utterly broken. It's so sad to see.
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Richard Frost
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by Richard Frost » Mon Apr 25 2022 11:19am
parchedpeas wrote: ↑Mon Apr 25 2022 11:08am
2 weeks and no 'weekly update'.
The live report is broken, again (showing PGM at 15p, when it's actually at 12.5p)
Not a peep out of the investors (most of whom never visit the site, and so can't vote on share movements or buying and selling.)
This website is utterly broken. It's so sad to see.
I am completely astonished at the lack of interest that people have in the money they have invested. To the extent where it is being flushed down the toilet daily. Even Garindan seems to have given up the ghost. His last post to the site was March 1st and he last visited the site on April 12th.
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Beachboy
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by Beachboy » Mon Apr 25 2022 12:38pm
parchedpeas wrote: ↑Mon Apr 25 2022 11:08am
2 weeks and no 'weekly update'.
The live report is broken, again (showing PGM at 15p, when it's actually at 12.5p)
Not a peep out of the investors (most of whom never visit the site, and so can't vote on share movements or buying and selling.)
This website is utterly broken. It's so sad to see.
I have tried unsuccessfully on several occasions to get some of the holdings shifted but with no success. There is little more I can do at the moment due to the lack of engagement, hence why I don't post much. It is not through lack of interest.
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richard@imutual
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by richard@imutual » Mon Apr 25 2022 1:57pm
I am waiting to receive updated account data from Garindan so I can do an end-of-year valuation and finally hand over my treasurer duties
tbh I think it may be best to wind up the current club. We don't have much in the way of assets to stage a "recovery" and in the meantime it costs us £10/month for the III account
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Beachboy
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by Beachboy » Mon Apr 25 2022 5:36pm
Sadly and regrettably I fear that with so little engagement from the CIC members we are getting close to that point where closure might be the best option.
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Beachboy
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by Beachboy » Fri Apr 29 2022 11:51am
Richard - the Current Investment table seems to be stuck again and is not updating. It looks like things might be drawing to a close anyway but it would be handy to keep an eye on the situation. For example the current price of Ramsden's is higher than stated so now my be a good time to sell this stock at least, whilst showing a reasonable profit.
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