nickyu wrote: ↑Sun Oct 10 2021 11:39pm
Whats is the state of the club?
Have we paid out the members wishing to leave?
What is our plan going forward?
Build up a war chest to make another purchase or maybe divest some current shares?
What is the current unit price with shares going down and members leaving?
All good questions.
First up is to ensure new systems for treasurer are firing on all cylinders. I'm hoping this is almost done now.
We'll pay the exiting members out of cash funds and then work out what remains, which will then form the basis of the cash pot available for new investments. We should have a war chest ready for new investing, which will give us a good few months of new polls.
Current shares have seen a rollercoaster ride. I don't think any of them are going to be moved on too soon, perhaps with the exception of Bakkavor, which might go into profit when new financial update is published by the company. Gold has been very poor of late and Ramdens has been pretty static, teetering on moving up but not quite made the next jump.