Minutes of Roborough Investment Club Meeting
#30 - 9th October 2001

Attendees: Andy Davies, Geoff Floyd, Les Watson, Lawrence Watson, Dave Jonston, Wez Davey, Rick Haggit, Allan Proudfoot, Andrew Watkins, Phil Ainsley, Franz Fuchs

Apologies: Chris Bailey, Alan Martin

 Agenda

  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

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. Still outstanding.

Les Watson - To link Rick Haggit into TeaLeaves. Done

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

3. Treasurers Report

RIC Treasurer Report - September 2001

Shares purchase/sales this month

10 September: Coffee Beans sold 170 Shares of Boots at 642.50 pences/share for £1092.25. Profit of £64.51
12 September: Tea Leaves sold 457 Shares of Sage Group at 178.25 pences/share for £814.60. Loss of £214.09
15 September: Coffee Beans bought 184 Shares of Enterprise Oil at 542.13 pences/share for £1014.51

Resignation

None

Dividends Received

None

4. Review Current Holdings

No change

5. Review of Treasurer's Report

RIC Treasurer Report - Sept 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

7. AOB

None

8. Agenda for next meeting

  1. Review minutes of previous meeting
  2. Review actions
  3. Proposal to change online broker
  4. Review treasurer's report
  5. Review current holdings
  6. AOB
  7. Agenda for next meeting

Date of next meeting

Next Meeting : 13th November 2001