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

BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by BeautifulSunshine » Thu Nov 19 2020 5:42pm

garindan wrote:
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!
You work hard on our behalf think of it like I never even asked for the share to be purchased.
[imutual Cashback Investment Club]

garindan
Posts: 980
Joined: Wed Jun 30 2010 3:20pm
Location: Midlands
Has thanked: 486 times
Been thanked: 632 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by garindan » Tue Nov 24 2020 7:12pm

Update: I have asked Rich about this but haven't actually got 100% answer he made the transfer to the share account and the money has not appeared yet. It might just be a slow transfer. Unfortunately, either way, it has cost several percent in missed purchase timing. Hopefully the funds will be available for investment soon. Apologies for the delay.
Thanked by: blythburgh
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

Beachboy
Posts: 1265
Joined: Tue Jun 29 2010 9:53pm
Has thanked: 1452 times
Been thanked: 1612 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by Beachboy » Wed Nov 25 2020 12:31pm

Unfortunately the share price has shifted so much it feels like we voted on a different proposition to the current position. I wonder if we should reassess our position and options?
Thanked by: garindan

garindan
Posts: 980
Joined: Wed Jun 30 2010 3:20pm
Location: Midlands
Has thanked: 486 times
Been thanked: 632 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by garindan » Wed Nov 25 2020 12:53pm

Beachboy wrote:
Wed Nov 25 2020 12:31pm
Unfortunately the share price has shifted so much it feels like we voted on a different proposition to the current position. I wonder if we should reassess our position and options?
It has shifted a fair bit hasn't it. Personally I still think it is a decent purchase. However, it would have been more decent if we'd purchased at 125p.
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by BeautifulSunshine » Sun Nov 29 2020 1:20am

I have today (28th November 2020) received a PM from a member (I won't reveal their identity) wishing to withdraw their holding in the imutual Cashback Investment Club, in full and cease to be a member.

This has a material impact on our ability to purchase the aforementioned share at the original purchase price.
[imutual Cashback Investment Club]

Beachboy
Posts: 1265
Joined: Tue Jun 29 2010 9:53pm
Has thanked: 1452 times
Been thanked: 1612 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by Beachboy » Sun Nov 29 2020 6:47am

AAAlphaThunder wrote:
Sun Nov 29 2020 1:20am
I have today (28th November 2020) received a PM from a member (I won't reveal their identity) wishing to withdraw their holding in the imutual Cashback Investment Club, in full and cease to be a member.

This has a material impact on our ability to purchase the aforementioned share at the original purchase price.
What is the current value of their holding that needs refunding?

BeautifulSunshine
Posts: 26721
Joined: Tue Sep 14 2010 8:23pm
Location: [The Finest City in the World: London]
Has thanked: 192 times
Been thanked: 3686 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by BeautifulSunshine » Mon Nov 30 2020 2:32am

Beachboy wrote:
Sun Nov 29 2020 6:47am
AAAlphaThunder wrote:
Sun Nov 29 2020 1:20am
I have today (28th November 2020) received a PM from a member (I won't reveal their identity) wishing to withdraw their holding in the imutual Cashback Investment Club, in full and cease to be a member.

This has a material impact on our ability to purchase the aforementioned share at the original purchase price.
What is the current value of their holding that needs refunding?
As I write, the holding is worth £260.10, but that is subject to change.

So, rough mathematics, £800 - £260 = £540 available to invest

A material impact of 33%.
Thanked by: Beachboy
[imutual Cashback Investment Club]

hiswitzend
Posts: 30
Joined: Fri Feb 08 2013 5:39am
Has thanked: 8 times
Been thanked: 33 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by hiswitzend » Mon Nov 30 2020 5:07pm

I would go for refunding the holding then purchase what we can.
Thanked by: Beachboy

garindan
Posts: 980
Joined: Wed Jun 30 2010 3:20pm
Location: Midlands
Has thanked: 486 times
Been thanked: 632 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by garindan » Mon Nov 30 2020 6:43pm

It is a difficult situation. The leaving member doesn't really use imutual at all anymore, so hence they have decided to leave, which is fair cop in my books. It's a shame but such is life.
Chairman: iMutual's Cashback Investment Club (CIC) - contact me about joining!
Visit the Cashback Investment Club forum to find out more.

parchedpeas
Posts: 410
Joined: Tue Jun 29 2010 1:34pm
Has thanked: 200 times
Been thanked: 460 times
Contact:

Re: Member poll: Invest further in Ramsdens

Post by parchedpeas » Mon Nov 30 2020 7:35pm

garindan wrote:
Mon Nov 30 2020 6:43pm
It is a difficult situation. The leaving member doesn't really use imutual at all anymore
Is it Richard?

Hohoho.
Thanked by: Beachboy

Post Reply

Who is online

Users browsing this forum: No registered users and 2 guests