imutual.co.uk

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.

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.

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?

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.

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.

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?

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%.

I would go for refunding the holding then purchase what we can.

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.

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.