Minutes of Roborough Investment Club Meeting #55

17^th 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, 15^th December 2003, 17:00h to 18:00h