Minutes of Roborough Investment Club Meeting #50 - 16th June 2003

Attendees: Alan Martin, Dave Johnston, Franz Fuchs, Chris Bailey, Allan Proudfoot, Les Watson, Cyril Bouhallier, Wez Davey, Phil Ainsley, Andrew Watkins

Apologies: Geoff Floyd, Andy Davies

Absent:

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. All actions complete as per prior AGM held the same day.

3. Treasurer's Report

Shares purchase/sales this month

06 May 2003: Bought 161 Shares of Cambridge Antibody Technology at 427.42p/share for 699.09
06 May 2003: Bought 1241 Shares of Volex at 55.50p/share for 699.97

06 May 2003: Sold 182 Shares of Rotork at 297.50p/share for 533.95 - Profit: 34.87
15 May 2003: Sold 272 Shares of Rexam at 364.55p/share for 984.08 - Loss: -13.25
28 May 2003: Sold 4295 Shares of Spirent at 24.06p/share for 1025.88 - Profit: 26.02

Resignation

None

Dividends Received

Rotork : 16.19

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

508.25

627.81

130.68

112.97

13.14

 

CAT

161

434.22

699.09

475.00

757.25

58.16

-

-

 

Volex

1241

56.38

699.70

63.00

774.33

74.63

-

-

Coffee beans

Bunzl

113

440.27

497.51

425.75

473.60

-23.91

-23.16

-4.89

 

Chorion

4304

23.23

999.99

3.75

153.90

-846.09

10.76

6.99

 

Eckoch Technology

2000

39.13

782.56

12.75

247.50

-535.06

-15.00

-6.06

 

DS Smith

650

154.36

1003.31

173.00

1117.00

113.69

97.50

8.73

 

Kelda

505

396.83

2004.01

435.75

2193.04

189.03

126.25

5.76

 

Laird

570

175.18

998.53

205.00

1161.00

162.47

239.40

20.62

 

Rank

385

259.73

999.97

251.75

961.74

-38.23

41.39

4.30

 

Urbium

4304

0.00

0.00

5.30

220.61

220.61

8.61

3.90

Total

 

 

 

9181.80

 

8687.78

-494.02

598.72

-4.18

Unit price is up from 90p to 96p.

4. Review of current holdings

No specific actions arose. Tea Leaves continue to do relatively well with their charting methodology. They have only lost 13 since starting to use this method.

5. AOB

The club split between Coffee Beans and Tea Leaves was reviewed. There are 12 members with a 6/6 split so no action is required.

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 (regular monthly meeting)

Next Meeting: Monday, 21st July 2003, 17:00h to 18:00h