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

AAAlphaThunder
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Re: Member poll: Invest further in Ramsdens

Post by AAAlphaThunder » 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.
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garindan
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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.
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Beachboy
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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?
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garindan
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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.
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AAAlphaThunder
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Re: Member poll: Invest further in Ramsdens

Post by AAAlphaThunder » 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.
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Beachboy
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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?

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Re: Member poll: Invest further in Ramsdens

Post by AAAlphaThunder » 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%.
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hiswitzend
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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.
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garindan
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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.
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parchedpeas
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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.
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