Minutes of Roborough Investment Club Meeting #53

15th September 2003

Attendees: Alan Martin, Dave Johnston, Chris Bailey, Cyril Bouhallier, Wez Davey, Andy Davies, Franz Fuchs, Geoff Floyd, Allan Proudfoot

Apologies: Phil Ainsley, Les Watson

Absent: Andrew Watkins

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, in cheered up format, were accepted.

2. Review Actions

Review of Action 1: Cyril to check audit discrepancies are fixed.

Done. CLOSED.

Review of Action 2: Cyril to check why Alan P and Chris have different unit value.

Alan paid late one month to his advantage. CLOSED.

Review of Action 3: Les will check if GAW and LMC would have shown on the chart.

Geoff says probably, but Les not here to confirm. OPEN.

Action 1: Les will check if GAW and LMC would have shown on the chart.

Review of Action 4: Geoff to find out what the simplified tax scheme is.

Ongoing. OPEN.

Action 2: Geoff to find out what the simplified tax scheme is.

3. Treasurer's Report

Shares purchase/sales this month

Tea leaves bought 208 shares of Camdridge Antibody at 480.25p/share for £998.93
Tea leaves bought 2068 shares of Chloride at 48.35p/share for £999.91

Resignation

None

Dividends Received

Hardys & Hansons : £9.43
British Land : £18.60

Asset Summary

 

 

Company

No shares

Average price

Total Cost

Selling price

Net selling value

Profit or loss to date

Change

%

 Tea leaves

Cambridge Antibody

208

480.25

998.93

558.00

1153.14

154.21

-

-

 

Chloride

2068

48.35

999.91

50.00

1026.50

26.59

-

-

Coffee beans

British Land

200

511.23

1022.45

498.00

988.50

-33.95

-7.50

-0.76

 

Bunzl

113

440.27

497.51

460.50

512.87

15.36

32.49

6.33

 

Chorion

4304

23.23

999.99

5.50

229.22

-770.77

43.04

18.78

 

Eckoch Technology

2000

39.13

782.56

14.00

272.50

-510.06

30.00

11.01

 

Hardys & Hansons

143

424.33

606.79

425.00

600.25

-6.54

18.59

3.10

 

Kelda

505

396.83

2004.01

408.00

2052.90

48.89

-164.13

-8.00

 

Rank

385

259.73

999.97

284.50

1087.83

87.86

-6.73

-0.62

 

Urbium

86

0.00

0.00

445.00

375.20

375.20

-17.63

-4.70

 

Victoria Carpet

430

233.65

1004.69

243.00

1037.40

32.71

-17.20

-1.66

Total

 

 

 

9916.81

 

9336.31

-580.50

-89.07

22.39

Unit price is up from 100p to 101p.

The RIC Split spreadsheet has been improved and was presented. Discussion ensued over the dividend skewing the picture. This was resolved in agreement that it is being presented correctly.

4. Review of current holdings

Tea Leaves

CAT and CHLD are on hold, according to the “tea leaves”. The “usual suspects” are being monitored but everything is up today.

Coffee Beans

The building sector is high except for Shaftesbury. This is the reason for the recent purchase.

DS Smiths were bought because they were lower than the price they were last sold at. Plus, this is a familiar stock, has good dividend and has sound financials.

Victoria carpets, also bought, are showing steady growth, plus, there is talk of a £3 share price.

5. AOB

NOB

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

Action Summary

Action 1: Les will check if GAW and LMC would have shown on the chart.
Action 2: Geoff to find out what the simplified tax scheme is.

Date of next meeting (regular monthly meeting)

Next Meeting: Monday, 20th October 2003, 17:00h to 18:00h