Pints and portfolios in village pub
The Independent Bulls and Bears Competition: This month's winner in our investment club competition picked shares down the local
Saturday 07 October 2000
This month's £1,000 winners of
The Independent's Bulls & Bears Investment Club Competition is the Ranskill Investment Club from Nottingham - all friends and neighbours.
This month's £1,000 winners of The Independent's Bulls & Bears Investment Club Competition is the Ranskill Investment Club from Nottingham - all friends and neighbours.
The club successfully beat other entrants by picking two shares in the real-estate sector: the bull share that rose the furthest and the bear that fell the most, between 15 and 29 September. The club's choices, worked out over a few pints at the local village pub, were Chelsfield, which rose by 6.94 per cent, and Freeport Leisure, which fell by 6.55 per cent.
Jane Mchale, a member, explained that the strategy was to look at price-to-earnings ratios and company reports, as well as reading newspapers and financial magazines. "We saw that Chelsfield had a sizeable investment from fund managers, which made it a good candidate for potential growth. Freeport also had a good track record but we saw that its price has fluctuated from people taking profit. We thought that would happen again," Ms Mchale said.
The strategy is similar to what the club's 20 members follow for their own portfolio, now worth £6,224, on an investment of £5,000. Launched 18 months ago, some of its members work in banking, while others work in areas unrelated to finance. Ms Mchale is a retired nursing sister, for instance. She admitted finance is not the only item on the agenda: "It is a nice way to meet people. For about half of the time, we talk about shares and for the rest we just chat."
* Enter our October Bulls and Bears competition - and win £1,000. The competition is run in association with ProShare, the investors organisation, and Charles Schwab, the stockbroker.
Each month we give away a £1,000 cash prize to the investment club that nominates the best-performing share in percentage terms ("the Bull") and the worst performer ("the Bear") in a particular stock market sector. The stocks will be drawn from the FTSE All Share Index. Entry is free to all clubs which are members of ProShare Investment Clubs for at least two months.
This month we have chosen the food retail sector, which you will find listed on the page headed "Shares" in the main section of today's Independent.
From Food Retail, choose the share whose price you think will go up by the greatest percentage between close of business on Friday, 13 October and the close of business on Friday, 31 October. You must also pick the share you consider will fall by the greatest percentage in the same period. Shares can be chosen only from those listed in this sector and published in today's Independent.
The club with the highest combined figure when their winner and loser percentages are added will receive a cheque for £1,000. In the event of a tie, the club judged to have offered the best reason for its riser choice will be given the prize. Judging will be by John Willcock, personal finance editor, and his decision will be final. Closing date for entries into this month's competition is Friday, 13 October. Your entry should include: the name of your club; the name of both the "Bull" and the "Bear"; the reason for choosing the biggest riser (in no more than 25 words).
Don't forget your name and address, daytime and evening phone numbers. All entries must be received by e-mail, post or fax at ProShare's offices before 5pm on that day. Entries received after that time will be invalid. Send your entries by e-mail to firstname.lastname@example.org; by fax to 020 72201731; or on a postcard to ProShare, Centurion House, 24 Monument Street, London EC3R 8AQ.
For more information, phone ProShare on 0870 2645484 or www.proshare.org. or Charles Schwab on 0870 601888
Independent Partners; request a free guide on NISAs from Hargreaves Lansdown
Presents unwrapped, turkey gobbled... it's time to relax
You'll need £220,000 for a minimum wage in your retirement
Why the City Watchdog is concerned with the credit card industry
Money Insider: Would £150 make you switch banks?
Bargain Hunter: Find the deals that have real value beneath the Black Friday hype
Gold-plated pensions – the key to retirement freedom?
- 1 Shia LaBeouf claims he was raped during #IAMSORRY art installation performance
- 2 This letter from a reader explains why women can’t play football
- 3 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
- 4 Scientists predict green energy revolution after incredible new graphene discoveries
- 5 Michael Buerk wishes he killed Jimmy Savile when he had the chance - by pushing him overboard a cruise ship
Obama: The only people with the right to object to immigration are Native Americans
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Ukip mocked after mistaking Westminster Cathedral – for a mosque
Sarah Vine criticises lesbian mother Jack Monroe: 'If she was unsure about her sexuality, she should have taken greater precautions'
iJobs Money & Business
£Attractive Package: Citifocus Ltd: Prestigious asset management house seeks a...
£Negotiable: Citifocus Ltd: This is a varied role focusing on the firm's mutua...
£90000 - £140000 per annum + benefits: h2 Recruit Ltd: Are you a high achievin...
£25000 - £37000 per annum + benefits: h2 Recruit Ltd: Are you seeking to furth...
Day In a Page
A deceptively spacious, beautifully presented Georgian home with 3000sq ft of living space and five reception rooms
A five-bedroom Victorian home with four receptions, superb gardens and paddock in Pembury
An eight-bedroom house on the south side of the The Green with cinema, wine cellars and summer house
This 17th century beauty is full of rustic cosiness, while the detached home office means you can also run a business
This five-bedroom red-brick beauty overlooks the village green and sits in just under two acres of land
Four exclusive apartments in a Grade II-listed former medical school with 2,275 sq ft of living space and 18ft ceilings
A five-bedroom terraced house on the popular Peterborough Estate, ideally located for both Eel Brook Common and South Park
A state-of-the-art farm-building conversion on the former Cliveden Estate, with 11,420sq ft of internal space, cinema and wine cellar
A three-bedroom, 15th-century cottage with original features in the picturesque village of Sissinghurst
A six-bedroom terraced house with large south-facing roof terrace, cinema room and wine cellar
A new seven-bedroom home built in Queen Anne-style with swimming pool and parkland views in Mortimer
A listed, four-bedroom farmhouse in the rural hamlet of Rushall with detached barn, four acres of gardens and paddocks
A first-floor flat with two bedrooms, a spacious reception room and communal grounds in a leafy part of London
A three-bedroom flat with a spacious rootop terrace and balcony, accessed from a private gated courtyard
A Grade II-listed pile with six bedrooms, stables and 39 acres of grounds in Standlake
A two-bedroom flat with boutique hotel-style interiors, close to the foodie haunt of West End Lane
A two-bedroom flat in a beautiful old vicarage, with many original features, close to the city centre
A three-bedroom 16th-century home with an aga kitchen, private gardens and heated outdoor pool, in Hadleigh
A three-bedrom home in sought-after Queen's Gate Mews, with Italian marble-finished bathrooms
Surrounded by glorious countryside in the village of Udimore, sits this impressive four-kiln oast and barn conversion
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens