Minutes of Roborough Investment Club Meeting #46 - 11th February 2003

Attendees: Chris Bailey, Franz Fuchs, Phil Ainsley, Andy Davies, Dave Johnston, Geoff Floyd, Cyril Bouhallier, Andrew Watkins, Wez Davey.

Apologies: Alan Martin, Les Watson.

Absent: Allan Proudfoot

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

There were no actions to review.

3. Treasurer's Report

Shares purchase/sales this month

21 Jan 2003: 4295 Shares of Spirent at 23.27p for 999.86

Resignation

None

Dividends Received

None

                   
 

Company

No shares

Average price

Total Cost

Selling price

Net selling value

Profit or loss to date

Change

%

Tea leaves

Chloride

1747

57.21

999.50

28.00

481.66

-517.84

-69.88

-14.51

Marconi

5090

4.91

249.98

1.62

74.96

-175.02

-9.16

-12.22

 

Rexam

202

492.88

995.61

355.00

709.60

-286.01

-116.15

-16.37

Royal Sun Alliance

280

363.54

1017.92

126.00

340.80

-677.12

-58.80

-32.71

 

Spirent

4295

23.28

999.86

21.25

905.19

-94.67

0

0

Tesco

2

258.5

5.17

164.25

-8.71

-13.88

-0.54

-6.2

Volex

482

279.67

1018.01

105.00

370.20

-647.81

18.20

4.92

Coffee beans

Chorion

4304

23.23

999.99

4.00

164.66

-835.33

-10.76

-6.53

Eckoch Technology

2000

39.13

782.56

11.00

208.00

-574.56

-40.00

-19.23

DS Smith

650

154.36

1003.31

125.00

805.00

-198.31

-143.00

-17.76

Kelda

505

396.83

2004.01

403.00

2015.66

11.64

-77.01

-3.82

Securicor

755

132.55

1000.74

79.75

594.61

-406.13

-32.09

-5.40

Urbium

4304

0.00

0.00

5.25

218.46

218.46

21.52

9.85

Total

10592.24

6796.08

-3796.16

-542.87

-5.33

 

Unit price is down 5.33% from 93p to 87p.

4. Review of current holdings

No specific issues were being raised.

5. AOB

Voted on the treasurer's proposal that all our holdings in the Charles Schwab account be transferred to our Comdirect account. Comdirect will pay for all charges incurred. Vote carried unanimously.

Action: Cyril to initiate transfer of all remaining holdings from Charles Schwab to Comdirect.

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 : 11th March 2003