Valuations

Discussion of the proposed Cashback Investment Club

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parchedpeas
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Valuations

Post by parchedpeas » Mon Oct 12 2020 9:06pm

What is the current schedule for valuations and applications of funds added by members? It seems erratic at best - it used to be monthly and then slipped to something like every six weeks without any real explanation and is now two months since the last valuation.
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expressman33
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Re: Valuations

Post by expressman33 » Mon Oct 12 2020 10:35pm


garindan
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Re: Valuations

Post by garindan » Mon Oct 12 2020 10:50pm

parchedpeas wrote:
Mon Oct 12 2020 9:06pm
What is the current schedule for valuations and applications of funds added by members? It seems erratic at best - it used to be monthly and then slipped to something like every six weeks without any real explanation and is now two months since the last valuation.
It is meant to be every month to be honest. I'll let Rich respond but generally you are right with your observations.
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Beachboy
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Re: Valuations

Post by Beachboy » Tue Oct 13 2020 10:31am

That is just a summary of our current investments. The valuation referred to is a a process (supposed to be monthly) of turning the funds transferred into the CIC by individual members into units based on the current value of the clubs investments at that point in time. 👍
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Re: Valuations

Post by kevinchess1 » Tue Oct 13 2020 11:13am

Politically incorrect since 69

AAAlphaThunder
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Re: Valuations

Post by AAAlphaThunder » Tue Oct 13 2020 11:46pm

Richard is responsible for this task.
[Secretary] imutual Cashback Investment Club

parchedpeas
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Re: Valuations

Post by parchedpeas » Sat Oct 17 2020 1:42am

AAAlphaThunder wrote:
Tue Oct 13 2020 11:46pm
Richard is responsible for this task.
Well that reassures me that things will be dealt with in a timely manner.

#unlovedchild

garindan
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Re: Valuations

Post by garindan » Sat Oct 17 2020 9:44am

parchedpeas wrote:
Sat Oct 17 2020 1:42am
AAAlphaThunder wrote:
Tue Oct 13 2020 11:46pm
Richard is responsible for this task.
Well that reassures me that things will be dealt with in a timely manner.

#unlovedchild
I'll send Rich a pm.
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richard@imutual
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Re: Valuations

Post by richard@imutual » Sat Oct 17 2020 11:19am

Done now, sorry for the delay. Started doing it last weekend but the Share Centre site was unavailable at the time

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