Minutes of Roborough Investment Club Meeting
#28 – 14th August 2001

Attendees: Andrew Watkins, Cyril Bouhallier, Alan Martin, Les Watson, Lawrence Watson, Martin Collinge, Franz Fuchs, Chris Bailey, Rick Haggit, Geoff Floyd

Apologies: Wez Davey, Dave Johnston, Andy Davies

 Agenda

1. Review minutes of previous meeting

The previous minutes were accepted.

 

2. Review Actions

Nothing to report

 

3. Treasurer's Report

RIC Treasurer Report - July 2001

Shares purchase/sales this month

04 July: Sold 518 Shares of Balfour Beatty at 179.56 pences for £918.12. Loss = £107.49

Resignation

Stpehen Andrew left the Club and was owed £515.89

Dividends Received

Balfour Beatty : £12.95
Tesco : £20.79

Asset Summary

Company

No shares

Average price

Total Cost

Selling price

Net selling value

Profit or loss to date

Change

Boots

170

597.49

1015.74

665.00

1118.50

102.76

108.80

Cadbury Schw'

222

457.15

1014.88

477.75

1048.61

33.73

-0.55

Send

28

0.00

0.00

80.00

12.92

12.92

2.52

Tesco

594

257.93

1532.13

256.50

1471.52

-60.61

-40.09

365 Corp

242

212.99

515.44

13.50

20.67

-494.77

4.84

Total

4078.19

3672.22

-405.97

75.52

Unit price is stable at 138p.

4. Review of current holdings

BOOT - Hold

CBRY - Hold

SEND - Hold

TSCO - Hold

TSF - Hold

 

  1. AOB

    2. A proposal was carried to split the club into two groups, team A and team B. The teams consist of the following members:

    Team A - Cyril Bouhallier, Phil Ainsley, Andrew Watkins, Geoff Floyd, Lawrence Watson, Franz Fuchs, Les Watson, Alan Martin, Rick Haggit

    Team B - Martin Collinge, Andy Davies, Dave Johnston, Allan Proudfoot, Chris Bailey, Wez Davy

    It was felt that smaller groups would be more efficient at making buy/sell decisions and it would introduce a competitive element into the club.

    Team A are to manage Tesco and Send.

    Team B are to manage Boots, 365 and Cadbury/Schweps.

    It will only be necessary for a majority of greater than 50% within a team for a buy/sell decision to be carried.

    Team A have named themselves "TeaLeaves" and have set up an "e group" to this affect.

    Team A have bought £1,000 of shares in SAGE and will responsible for their mangagement

    Any new members to join team B to balance the number of members

  2. Actions

Cyril Bouhallier - To advise each team of there respective budgets.

Lawrence Watson - To investigate any necessary changes to the rules and constitution of the club.

Les Watson - To link Rick Haggit to the TeaLeaves e-group.

Rick Haggit - To be share buddy for SAGE with a stop gain of 250p and a stop loss of 200p

7. Agenda for next meeting

  1. Review minutes of previous meeting
  2. Review actions
  3. Review treasurer's report
  4. Review current holdings
  5. AOB
  6. Agenda for next meeting

Date of next meeting

Next Meeting : 11th September 2001