Minutes of Roborough Investment Club Meeting #44 - 10th December 2002

Attendees:, Alan Martin, Geoff Floyd, Chris Bailey, Cyril Bouhallier, Andrew Watkins, Wez Davey, Franz Fuchs.

Apologies: Allan Proudfoot, Phil Ainsley, Dave Johnston, Andy Davies

Absent: Les Watson

Agenda

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

1. Review minutes of previous meeting

The previous minutes were accepted.

2. Review Actions

43.1 & 43.2: Reported errors in the treasurer's report have been corrected - Action completed.

3. Treasurer's Report

No queries were raised.

Shares purchase/sales this month

None

Resignation

None

Dividends Received

Rexam: £14.14
Royal Sun Alliance: £11.20
Tesco: 4 pence

4. Review of current holdings

No specific issues were being raised.

5. AOB

Cyril reported that a new cheque to the value of Rick's share had been sent to Rick Haggitt's widow's new address, but had not yet been cashed.

Discussed general market sentiment and whether FTSE is expected to recover or fall even further. No definite views were voiced.
Concern about consumer spending - High street sales (clothing) seem to have started significantly earlier this year.
Housing price crash is anticipated, but who will profit from this? Action on Chris Bailey and Geoff Floyd to investigate different market sector performances over the period of the last housing crash (ca. 1988 to 1991).

6. 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 : 14th January 2003