Discussion of the proposed Cashback Investment Club
Moderator: CIC officers
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garindan
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by garindan » Wed May 01 2019 8:34am
All,
Yesterday I sold our shareholding in GSK. It might have been a bad gamble as their results are out today. I guess it will mean the shave price will go up, down or stay very much the same! Either way that is now irrelevant as we have cash. Details of the sale below:
Purchase
GlaxoSmithKline 38 @1553.00 £590.23
Sale
GlaxoSmithKline 38 @1578.89 £599.98
Commission -£5.25
Proceeds £594.73
Dividends received £69.54
+/- = +£75.04 / +12.71%
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Boro Boy
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by Boro Boy » Wed May 01 2019 8:40am
garindan wrote: ↑Wed May 01 2019 8:34am
All,
Yesterday I sold our shareholding in GSK. It might have been a bad gamble as their results are out today. I guess it will mean the shave price will go up, down or stay very much the same! Either way that is now irrelevant as we have cash. Details of the sale below:
Purchase
GlaxoSmithKline 38 @1553.00 £590.23
Sale
GlaxoSmithKline 38 @1578.89 £599.98
Commission -£5.25
Proceeds
£594.73
Dividends received £69.54
+/- =
+£75.04 /
+12.71%
The gain figure doesn't mean a lot with out a time span...!?!
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garindan
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by garindan » Wed May 01 2019 8:48am
Boro Boy wrote: ↑Wed May 01 2019 8:40am
The gain figure doesn't mean a lot with out a time span...!?!
Surely it means the same no matter the timespan? All details of past and present share investments are in the relevant reports
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Boro Boy
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by Boro Boy » Wed May 01 2019 8:53am
garindan wrote: ↑Wed May 01 2019 8:48am
Boro Boy wrote: ↑Wed May 01 2019 8:40am
The gain figure doesn't mean a lot with out a time span...!?!
Surely it means the same no matter the timespan? All details of past and present share investments are in the relevant reports
No. Example: 1.0% over 1 year is more favourable than 1.0% growth over 2 years... So pa. Growth is a more accurate measure to compare but of course actual growth is still important but still wish to quote time span.
Last edited by
Boro Boy on Wed May 01 2019 8:57am, edited 1 time in total.
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garindan
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by garindan » Wed May 01 2019 8:56am
Boro Boy wrote: ↑Wed May 01 2019 8:53am
Example: 1.0% over 1 year is more favourable than 1.0% over 2 years...
Of course, but it is still the same percentage gain/loss on the purchase price no matter what the period.
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Boro Boy
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by Boro Boy » Wed May 01 2019 8:59am
garindan wrote: ↑Wed May 01 2019 8:56am
Boro Boy wrote: ↑Wed May 01 2019 8:53am
Example: 1.0% over 1 year is more favourable than 1.0% over 2 years...
Of course, but it is still the same percentage gain/loss on the purchase price no matter what the period.
Understood but 5% over a week may be good and 5% over a year not as good...!?!
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garindan
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by garindan » Wed May 01 2019 9:06am
Boro Boy wrote: ↑Wed May 01 2019 8:59am
garindan wrote: ↑Wed May 01 2019 8:56am
Boro Boy wrote: ↑Wed May 01 2019 8:53am
Example: 1.0% over 1 year is more favourable than 1.0% over 2 years...
Of course, but it is still the same percentage gain/loss on the purchase price no matter what the period.
Understood but 5% over a week may be good and 5% over a year not as good...!?!
I do understand what you are saying, trust me. However, I was just pointing out that your original statement that the gain figure didn't mean a lot wasn't strictly true
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Boro Boy
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by Boro Boy » Wed May 01 2019 9:16am
garindan wrote: ↑Wed May 01 2019 9:06am
Boro Boy wrote: ↑Wed May 01 2019 8:59am
garindan wrote: ↑Wed May 01 2019 8:56am
Of course, but it is still the same percentage gain/loss on the purchase price no matter what the period.
Understood but 5% over a week may be good and 5% over a year not as good...!?!
I do understand what you are saying, trust me. However, I was just pointing out that your original statement that the gain figure didn't mean a lot wasn't strictly true
There are lies, damned lies and statistics. Mark Twain.
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Richard Frost
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by Richard Frost » Wed May 01 2019 9:46am
https://en.wikipedia.org/wiki/Lies,_dam ... statistics
The phrase was popularized in the United States by Mark Twain (among others), who attributed it to the British prime minister Benjamin Disraeli: "There are three kinds of lies: lies, damned lies, and statistics." However, the phrase is not found in any of Disraeli's works and the earliest known appearances were years after his death. Several other people have been listed as originators of the quote, and it is often
erroneously attributed to Twain himself.[1]
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blythburgh
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by blythburgh » Wed May 01 2019 11:20am
the correct saying should be: lies, damned lies and the MISUSE of statistics
e.g. it can be useful to know that X went up by 100% in the last year but meaningless if you do not know how much X was a year ago.
Statistics are great but all too often politicians, the media and groups misuse them for their own purposes.
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
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