Attendees: Andrew Watkins, Dave Johnston, Geoff Floyd, Andy Davies, Cyril Bouhallier, Alan Martin, Les Watson, Chris Bailey, Martin Collinge, Lawrence Watson
Apologies: Rick Haggitt, Phil Ainsley
Absent: Franz Fuchs, Allan Proudfoot, Stephen Andrew, Wez Davey
Agenda
The previous minutes were accepted, the only descrepency was the date mentioned in the meeting was February 13th and in fact it was February 6th.
No actions were outstanding
Sold Parthus Technology - £515.62 realising a loss of £505.37
Purchased 574 TT Group shares for 1016.91
Purchased 322 Ferraris shares for 1018.43
Purchased 196 GUS shares for 1015.61
None
|
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 |
2141.00 |
651.71 |
132.11 |
-12.09 |
|
Boots |
170 |
162.78 |
1015.74 |
624.00 |
1048.80 |
33.06 |
39.10 |
|
DICOM |
237 |
429.17 |
1017.14 |
480.00 |
1125.60 |
108.46 |
-237.00 |
|
Ferraris |
321 |
317.27 |
1018.43 |
265.00 |
838.65 |
-179.78 |
-179.78 |
|
GUS |
196 |
518.17 |
1015.61 |
528.50 |
1023.86 |
8.25 |
8.25 |
|
ICI |
90 |
571.37 |
514.23 |
512.00 |
448.80 |
-65.43 |
49.32 |
|
Prudential |
53 |
979.40 |
519.08 |
926.00 |
478.78 |
-40.30 |
-55.12 |
|
Tesco |
594 |
257.93 |
1532.13 |
259.50 |
1529.43 |
-2.70 |
109.89 |
|
365 Corp |
242 |
212.99 |
515.44 |
31.00 |
63.02 |
-452.42 |
-14.52 |
|
TT Group |
571 |
178.09 |
1016.91 |
155.00 |
873.05 |
-143.86 |
-143.86 |
|
8684.31 |
8081.70 |
-602.61 |
-435.81 |
Unit price fell from 156 to 146.
Each "share buddy" at the meeting gave a brief update about his share.
|
Notes |
Buddy |
Share |
Recommendation |
|
BOOT |
Chris Bailey |
No information |
HOLD |
|
DCM |
Geoff Floyd |
No information |
HOLD |
|
ICI |
Andrew Watkins |
|
HOLD |
|
FER |
Andrew Watkins |
|
HOLD |
|
GUS |
Les Watson |
|
HOLD |
|
TSCO |
Alan Worroll |
|
HOLD |
|
TSF |
Wez Davey |
Price so low it is hardly worth selling. There were 2million shares traded today and so somebody wants them. |
HOLD |
ACTION 23.1: Les W to check if Ferraris has broken out of band – Killed (we sold them during the month)
No new proposals made
1) Cyril proposed a methodology for increased group member participation based on a "competition" investment of £1 per month, in which the person who recommended the best performing share "won" the pot of money which was re-invested into units.
An action was given to vote via email on the subject:
ACTION 23.2: CB to carry out an email vote on "competition" investment of £1.
2) Stop-loss setting
It was decided to set a 15% stop-loss for blue-chip companies and 20% for others.
3) During the month, Kevin Forrest, Alan Worroll and Richard Albon have resigned from the club. Kevin has been paid, baed on March unit value, the others will be paid based on April unit value. Lawrence Watson has joined the club. This brings the number of people in the club to 16.