Minutes of Roborough Investment Club Meeting #49 - 13th May 2003

Attendees: Alan Martin, Andy Davies, Dave Johnston, Franz Fuchs, Chris Bailey.

Apologies: Les Watson, Geoff Floyd, Cyril Bouhallier, Wez Davey, Phil Ainsley, Andrew Watkins.

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

08 Apr 2003: Bought 125 Shares of Abbey National at 397.70p/share for 497.13
09 Apr 2003: Bought 385 Shares of Rank at 259.73p/share for 999.97
09 Apr 2003: Bought 113 Shares of Bunzl at 440.27p/share for 496.76
24 Apr 2003: Bought 570 Shares of Laird at 175.18p/share for 998.53

17 Apr 2003: Sold 528 Shares of Tesco at 195.06p/share for 1022.42 - Profit: 18.7
24 Apr 2003: Sold 364 Shares of Securicor at 192.08p/share for 689.09 - Loss: -319.12

Resignation

None

Dividends Received

Securicor : 10.49

Asset Summary


Company

No shares

Average price

Total Cost

Selling price

Net selling value

Profit or loss to date

Change

%

 Tea leaves

Abbey National

125

397.70

497.13

442.25

545.31

48.18

-

-


Rexam

272

366.67

997.33

390

1053.30

55.97

108.80

10.33

 

Rotork

182

499.08

274.22

287.00

514.84

15.76

25.48

4.95


Spirent

4295

23.28

999.86

21.00

894.45

-105.41

257.70

28.81

Coffee beans

Bunzl

113

440.27

497.51

446.25

496.76

-0.75

-

-


Chorion

4304

23.23

999.99

3.50

143.14

-856.85

0

0

 

Eckoch Technology

2000

39.13

782.56

13.50

262.50

-520.06

50.00

19.05

 

DS Smith

650

154.36

1003.31

158.00

1019.50

16.19

78.00

7.65

 

Kelda

505

396.83

2004.01

410.75

2066.79

62.78

37.38

1.83


Laird

570

175.18

998.53

163.00

921.60

-76.93

-

-

 

Rank

385

259.73

999.97

241.00

920.35

-79.62

-

-

 

Urbium

4304

0.00

0.00

5.10

212.00

212.00

36.58

17.25

Total

 

 

 

10279.28

 

9050.54

-1228.74

594.44

21.10

Unit price is up from 85p to 90p.

 

4. Review of current holdings

No specific actions arose

5. AOB

The club's Annual General Meeting (AGM) is to be held next month. Action: Chris Bailey and Alan Martin volunteered to audit the club accounts before the AGM.

Attendance at the regular monthly meetings is often low. It was suggested that a change from the current Tuesday evening slot to another day/time may enable more members to attend the monthly meetings. Action: Franz Fuchs to poll members on alternative dates/times for holding the monthly meetings.

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 (AGM & regular monthly meeting combined)

Next Meeting: Monday, 16th June 2003, 17:00h to 18:30h