Minutes of Roborough Investment Club Meeting
#22 - 13 February 2001

Attendees: Alan Worroll, Andrew Watkins, Dave Johnston, Geoff Floyd, Andy Davies, Franz Fuchs, Cyril Bouhallier, Alan Martin, Les Watson, Kevin Forrest, Chris Bailey

Apologies:Rick Haggitt, Allan Proudfoot, Martin Collinge, Stephen Andrew, Wez Davey, Phil Ainsley, Richard Albon

Absent:

Agenda

1) Review Minutes of previous meeting

The previous minutes were accepted.

2) Review actions

20.4 ALL to investigate further IIG, RBOS, ICE, FER and RFD: DONE

21.1: FF to investigate Fleming European Fledgling to see what the future holds - Sold - DONE

3) Review Treasurers Report

RIC Treasurers Report - Feb 01

Shares purchase/sales this month

Sold Fleming Euro Fledgling - £398.52 realising a loss of £111.74

Sold Volex - £1590.35 making a profit of £52.51

Dividends Received

Volex: £7.99

Asset Summary

Name of Company

No shares

Average price

Total Cost

Selling price

Net selling value

Profit or loss to date

Change during month

Barclays

31

1676.13

519.60

2180.00

663.80

144.20

26.35

Boots

170

169.01

1015.74

601.00

1009.70

-6.04

-51.85

DICOM

237

429.17

1017.14

580.00

1362.60

345.46

426.60

ICI

90

571.37

514.23

457.20

399.48

-114.75

-71.82

Parthus 

370

2.76

1020.99

195.00

709.50

-311.49

148.00

Prudential

53

979.40

519.08

1030.00

533.90

14.82

-21.73

Tesco

594

257.93

1532.13

241.00

1419.54

-112.59

-196.02

365 Corp

242

212.99

515.44

37.00

77.54

-437.90

21.78

4298.77

6654.35

6176.06

-478.29

281.31

Largest gain DICOM £426 (Some people did not believe me!!)

Largest fall TESCO £196

Unit price gained from 152 to 156.

Stop Loss

Company

Max price (p)

Last price (p)

Gain

Change

Barclays

2260

2157

-£1.03

-4.5%

+1.16%

Boots

649

601.5

-£0.48

-7.3%

+2.97%

DICOM

620

590

-£0.30

-4.8%

+6.36%

ICI

572

518

-£0.54

-9.4%

-0.10%

Parthus

324

191.5

-£1.33

-41%

+1.31%

Prudential

1123

1035.6

 

 

 

 

 

4) Review of current holdings

Each "share buddy" at the meeting gave a brief update about his share.

Notes

Buddy

Share

Recommendation

BARC

Richard Albon

Perhaps we should buy more - Financial analysists recommending strong buy

BUY

BOOT

Chris Bailey

No information

HOLD

DCM

Geoff Floyd

No information

HOLD

 

 

 

 

ICI

Andrew Watkins

Bumpy month - reports from US about a depressed chemical market

HOLD

PRH

Phil Ainsley

Dropped back, suggested that this was due to failed deal with Psion & Motorola

HOLD

PRU

Andy Davies

Boring share - trying to expand into the US

HOLD

TSCO

Alan Worroll

No new information

HOLD

TSF

Wez Davey

Price so low it is hardly worth selling. There were 2million shares traded today and so somebody wants them.

HOLD

 

 

 

 

 

4) Review Investment proposals

A number of proposals were brought up for review including …

TTG, Barc, DCM, ISYS, GUS, FER, AIR

The proposals went to the vote with GUS, TTG and FER being selected, all set for sale with a trailing stoploss of 20% cut with interim reviews.

Share buddies are as follows … Alan Proudfoot - GUS, Cyril Bouhallier - TTG, Les Watson - FER

 

5) AOB

None

6) Agenda for next meeting

Next Meeting: 13th March 2001