Minutes of Roborough Investment Club Meeting
#29 – 11th September 2001

Attendees: Cyril Bouhallier, Alan Martin, Les Watson, Lawrence Watson, Franz Fuchs, Chris Bailey, Rick Haggit, Geoff Floyd, Wez Davey, Dave Johnston, Andy Davies

Apologies: Andrew Watkins, Allan Proudfoot, Phil Ainsley

 Agenda

  1. Review minutes of previous meeting
  2. Review actions
  3. Each group to have an authorised trader
  4. Format change to spreadsheet
  5. Review treasurers report
  6. Review of current holdings
  7. AOB
  8. Agenda for next meeting

1. Review minutes of previous meeting

The previous minutes were accepted.

 

2. Review Actions

Lawrence Watson - To investigate any changes to constitution that will be necessary due to the forming of two separate trading groups.

Les Watson - To link Rick Haggit into TeaLeaves

Les Watson & Geoff Floyd - To provide Cyril Bouhallier with a signed copy of these minutes.

 

3. Authorised Trader for Each Group

The need for an authorised trader for each group was discussed. However it was decided that it would suffice to make Cyril Bouhallier an authorised trader.

 

4. Format Change to Spreadsheet

Carried

 

5. Review of Treasurer's Report

RIC Treasurer Report - Aug 2001

Shares purchase/sales this month

15 August: Bought 457 Shares of Sage Group at 218.75 pences/share for £1016.69.
30 August: Sold 222 Shares of Cadbury Schweppes at 463.38 pences/share for £1028.70. Profit of £1.82
30 August: Bought 255 Shares of Kelda at 391.63 pences/share for £1015.65.
30 August: Bought 457 Shares of Matalan at 562.31 pences/share for £1017.91.
30 August: Bought 253 Shares of Persimmon at 394.96 pences/share for £1016.25.

Resignation

Martin Collinge left the Club and was owed £510.87

Dividends Received

Boots : £31.45

Asset Summary

Company

No shares

Average price

Total Cost

Selling price

Net selling value

Profit or loss to date

Change

Tea leaves

Tesco

594

257.93

1532.13

256.50

1471.52

0.27

60.88
 

Sage Group

457

218.75

1016.69

202

1000

-88.41

0.00

Send

28

0.00

0.00

80.00

12.92

11.24

-1.68

Coffee beans

Boots

170

597.49

1015.74

665.00

1118.50

140.16

37.40
 

Kelda

255

398.29

1015.65

394.75

994.61

-21.04

0.00
 

Matalan

178

571.86

1017.91

556.50

978.57

-39.34

0.00
 

Persimmon

253

401.68

1016.25

383.00

956.99

-59.26

0.00

365 Corp

242

212.99

515.44

13.50

20.67

-494.77

4.84

Total

7129.81

6578.66

-551.15

96.60

Unit price is down from 138p to 136p (due to the charges for purchasing shares).

6. Review of current holdings

No Change, but both groups to meet shortly afterwards.

 

7. AOB

None

 

8. 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 : 9th October 2001