Minutes of Roborough Investment Club Meeting #55

17th November 2003

Attendees: Alan Martin, Dave Johnston, Andrew Watkins, Cyril Bouhallier, Wez Davey, Franz Fuchs,

Apologies: Chris Bailey, Phil Ainsley, Andy Davies, Allan Proudfoot

Absent: Les Watson, Geoff Floyd

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

Minutes accepted.

2. Review Actions

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

Les not here, so ONGOING.

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

Review of Action 2: Cyril, will check the RIC split valuations for differences.

Cyril has corrected the spreadsheet error. CLOSED.

3. Treasurer's Report

Shares purchase/sales this month

Coffee beans sold 200 shares of British Land at 532.1p/share for 1064.20. Gain 29.25
Coffee bought 50 shares of Intel at 1958p/share for 979.

Resignation

None

Dividends Received

Kelda: 91.85
Rank:  17.71

Asset Summary

 

 

Company

No shares

Average price

Total Cost

Selling price

Net selling value

Profit or loss to date

Change

%

 Tea leaves

 None Nada Zilch

-

-

-

-

-

-

-

-

Coffee beans

Bunzl

113

440.27

497.51

460.25

507.58

10.07

4.80

0.95

 

DS Smith

300

166.85

500.54

162.00

473.50

-27.04

-10.50

-2.22

 

Eckoch Technology

2000

39.13

782.56

18.50

357.50

-425.06

125.00

34.97

 

Hardys & Hansons

143

424.33

606.79

415.00

580.95

-25.84

0.00

0

 

Intel

50

1958.00

979.00

1931.00

953.00

-26.00

-

-

 

Kelda

505

396.83

2004.01

443.00

2224.65

220.64

98.47

4.43

 

Rank

385

259.73

999.97

280.00

1065.50

65.53

57.75

5.42

 

Shaftesbury

222

225.11

499.75

215.00

464.80

-34.95

-16.65

-3.58

 

Victoria Carpet

430

233.65

1004.69

265.00

1127.00

122.31

49.45

4.39

Total

 

 

 

7874.82

 

7754.48

-120.34

308.32

3.91

Unit price is up from 99p to 102p.

4. Review of current holdings

Tea Leaves

Spirax, ICI, Rolls Royce All bought because of buy indicators (ICI the strongest) backed up by good fundamentals.

Coffee Beans

The picture is the same as last time for the majority of the holdings. Contains 2 new shares, Intel and Cable & Wireless. Both of these were bought on the basis of a tech. revival.

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.

Date of next meeting (regular monthly meeting)

Next Meeting: Monday, 15th December 2003, 17:00h to 18:00h