[wvic] WVIC - Actions from November's Meeting

  • From: "Richard Jopling" <dmarc-noreply@xxxxxxxxxxxxx> ("richard.jopling")
  • To: Woodford Valley Investment Club <wvic@xxxxxxxxxxxxx>
  • Date: Tue, 9 Nov 2021 18:56:16 +0000

Good evening fellow WVIC members
Further to last nights meeting (thank you again Richard for hosting a great meeting), please find below the actions taken and some notes for future consideration.

  • Gamma Communications - a stop loss of 10% on 100% of holding set up for the maximum duration of 90 days.  Should this trigger, we would still take a small profit
  • Skanska - instruction was to sell all.  This morning when I tried this, it was not possible via the online application.  After another call to ii, I found out it is not possible to trade on the Stockholm Exchange using the online platform; only trades via their telephone service is possible for shares on the Stockholm Exchange.  The price for a trade via the telephone service is £49 in addition to the normal fee of £7.99 😬.  As we brought this share with us from our portfolio with EQi, I put forward a case this was unfair and that I would delay the sale.  I was informed that I would hear back before the end of today.  I am delighted to inform you that ii did get back to me late this afternoon and have agreed to effectively wave this additional fee of £49 for the sale of Skanska.  I will sell 100%of our Skanska investment tomorrow.
  • ETFs - what we can purchase.  Whilst on the ii platform, I investigated all ETFs and shares that have been discussed as potential homework.  Please find the results below.  FYI, please see attached a screen shot of Types of Investment not available to us and also a list of Markets only available via the telephone service (higher fees applicable).  Please note that Internationally listed ETFs or funds are not available to us.

Cannot trade (sorry Jenny)
  • Global X Robotics & Artificial Intelligence ETF (BOTZ) - NASDAQ
  • Global X Cloud Computing ETF (CLOU) - NASDAQ

Can Trade 
  • Velocys (VLS) - LSE
  • Blue Field Solar Income Fund (BSIF) - LSE
  • Rolls Royce (RR.) - LSE
  • Enovix Corp. (ENVX) - NASDAQ
  • Visa (V) - NYSE
  • Coinbase Global Inc (COIN) - NASDAQ

I hope this helps and look forward to seeing you all in December at Daphne’s.
Cheers
Richard


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