parchedpeas wrote: ↑Fri Jul 31 2020 11:47pm
This thread floated on Jul 13, 2020 and we're still no nearer to knowing what's next.
- PGM won both polls.
- The price is 1.20 at close today.
If we're going to do this, it needs to be now. Otherwise, after three weeks, we're not really asking the same question.
parchedpeas wrote: ↑Fri Jul 31 2020 11:51pm
Need to add, I don't care what happens here. But the proposal on 13th July, which has been supported twice but delayed twice, is no longer the same proposal.
If that's an accident, fine. But we've bought lots of rubbish a lot more quickly that this one. Why are we dragging our heels here?
I understand your thoughts. My concern is the winning number of votes hasn't been 8 votes or more, as previously mentioned, which is the winning post. If it had been then things would have been clear and we'd have done something. I am trying to be fair, that's all
Subsequently, from the valuation Rich has just done for us, we have £431.44 available in cash and whatever funds raised from selling the bluechips. This will equate to ~£1200.00 or so.
My thought is we make the decision to invest in PGM but don't invest all this money - stick to investing the funds realised from the sale of the bluechips, or at least £750, as this is the 1% fee threshold. That will leave some cash in our hands, which when combined with the sale of another share or two in the coming weeks will give us more purchasing power, potentially for a couple of new shares over the coming few months. We should certainly revisit Bakkavor again as soon as we can.
Thoughts on this approach? If I don't hear otherwise I'll begin by selling the bluechips on Monday with intention to buy PGM as soon as the funds are available.