Attendees: Andrew Watkins, Dave Johnston, Andy Davies, Cyril Bouhallier, Alan Martin, Martin Collinge, Lawrence Watson, Stephen Andrew, Wez Davey, Phil Ainsley
Apologies: Rick Haggitt, Geoff Floyd, Les Watson, Chris Bailey
Absent: Franz Fuchs, Allan Proudfoot
Agenda
The previous minutes were accepted.
ACTION 23.1: Les W to check if Ferraris has broken out of band – Killed (we sold them during the month)
ACTION 23.2: CB to carry out an email vote on "competition" investment of £1. ONGOING
No actions were outstanding
Sold 322 Ferraris shares - £747.68 on 21-Mar-01 realising a loss of -282.75
Sold 196 GUS shares - £873.18 on 21-Mar-01 realising a loss of -171.42
Sold 90 ICI shares - £407.25 on 21-Mar-01 realising a loss of -118.98
Sold 31 Barclays shares - £633.87 on 13-Mar-01 realising a profit of 102.31
Sold 53 Prudential shares - £476.07 on 09-Mar-01 realising a loss of -55.01
Sold 237 Dicom shares - £893.34 on 04-Apr-01 realising a loss of around -130
None
|
Name of Company |
No shares |
Average price |
Total Cost |
Selling price |
Net selling value |
|
Change during month |
|
Boots |
170 |
162.78 |
1015.74 |
627.00 |
1053.90 |
38.16 |
5.10 |
|
Tesco |
594 |
257.93 |
1532.13 |
249.00 |
1467.06 |
-65.07 |
-62.37 |
|
365 Corp |
242 |
212.99 |
515.44 |
21.50 |
40.03 |
-475.41 |
-22.99 |
|
TT Group |
571 |
178.09 |
1016.91 |
158.00 |
890.18 |
-126.73 |
17.13 |
|
4080.22 |
3451.17 |
-629.05 |
-63.13 |
Unit price fell from 146 to 137.
2 people resigned from the club in March they will be paid the following sum.
Alan Worroll - £357.61
Richard Albon - £684.91
The treasurers report was unavailable at the meeting due to the internet connection being down. The figures above have been compiled from the accounts spreadsheet.
A discrepancy in the April figures showed the units held by Lawrence was incorrectly calculated.
Action 24.1: GF to amend Lawrence Watson’s unit allocation for April (£50 to £30)
A listing of members current holdings are as follows:
Each "share buddy" at the meeting gave a brief update about his share.
|
Notes |
Buddy |
Share |
Recommendation |
|
BOOT |
Chris Bailey |
No information |
HOLD |
|
TSCO |
Martin Collinge |
|
HOLD |
|
TSF |
Wez Davey |
Boardroom arguments – chairman resigns |
HOLD |
|
TTG |
Geoff Floyd |
No new information |
HOLD |
There were 13 share proposals submitted. DJ suggested Alliance & Leicester but due to new internet information, we could not analyse the information. The proposals were considered and voting was carried out under secret ballot conditions so that no prejudice voting was carried out. The others considered were (with their votes):
Balfour Beatty Group (BB) 6
Debenhams (DEB) 2
Cadbury Schweppes (CBRY) 6
Diageo (DGE) 1
Marconi (MONI) – this was withdrawn as the proposal was for day trading and considered too risky
British Regional Air Lines Group (BAI) 3
Torex (TOX) 0
ATA Group (ATP) 1
AMEC (AMEC) 4
Carr’s Milling Industries (CRM) 6
Glenmorangie (GMGA) 0
Vosper Thornycroft Holdings (VSP) 3
Keep Cash 2
The shares chosen with the share buddy, stop-loss and stop-gain points are as follows:
Balfour Beatty Group (BB) 6 – share buddy Lawrence Watson, stop-loss review -5%, sell -10%, stop-gain review +10%
Cadbury Schweppes (CBRY) 6 – share buddy Andy Davies, stop-loss review -10%, sell -15%, stop-gain review +30%
Carr’s Milling Industries (CRM) 6 – share buddy Andrew Watkins, stop-loss rev. -10%, sell -15%, stop-gain rev. +50%
Action 24.2: GF to buy £1000 of BBG, CBRY and CRM
The subject of attendance at the meetings was discussed. Rick requested that the meetings could be moved to Thursday rather than Tuesday. It was decided to keep the meetings on Tuesdays as at present.
The Annual General Meeting is coming up soon. AD to advise the group when it is.
Action 24.3: AD to give notice of the Annual General Meeting