Minutes of Roborough Investment Club Meeting #57

19th January 2003

Attendees: Alan Martin, Phil Ainsley, Cyril Bouhallier, Wez Davey, Franz Fuchs, Geoff Floyd, Andy Davies, Andrew Watkins (late), Allan Proudfoot (very late)

Apologies: Chris Bailey, Les Watson

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

Minutes accepted with title corrections.

2. Review Actions

None.

3. Treasurer's Report

Game running

Shares purchase/sales this month

Bulls inherited from 223 shares of Bovis Homes at 447.81p/share for £998.61
Bulls bought 150 shares of Pennon Group at 678.17p/share for £1017.25

Resignation

Dave Johnston: £1459.12

Dividends Received

Intel: 48 pence

Asset Summary 

 

 

 

Company

No shares

Average price

Total Cost

Selling price

Net selling value

Profit or loss to date

Change from
prvious month

%

 Cowboys

Cable and Wireless

562

133.31

749.19

133.75

739.18

-10.01

18.27

2.47

  

DS Smith

300

166.85

500.54

161.00

470.50

-30.04

10.50

2.23

 

Hardys & Hansons

143

424.33

606.79

465.00

652.45

45.66

57.20

8.77

 

ICI

505

198.00

999.89

197.75

986.14

-13.75

27.78

2.82

 

Kelda

505

396.83

2004.01

466.75

2344.59

340.58

82.06

3.50

 

Shaftesbury

222

225.11

499.75

245.00

531.40

31.65

9.43

1.77

 

Spirax-Sarco

177

564.84

999.76

543.00

948.61

-51.15

-26.55

-2.80

 Bulls

Bovis Home

223

447.81

998.61

479.00

1055.67

57.06

0.00

-

 

BUNZL

113

440.27

497.51

424.25

466.90

-30.61

-21.19

-4.54

  

Creative Education

9825

10.18

999.91

6.50

626.13

-373.78

-245.62

-39.23

 

Eckoch Technology

2000

39.13

782.56

15.00

287.50

-495.06

-40.00

-13.91

 

Intel

50

1958.00

979.00

1810.00

892.50

-86.50

-64.50

-7.23

 

Pennon

150

678.17

1017.25

685.50

1015.75

-1.50

0.00

-

 

Rank

385

259.73

999.97

287.75

1095.34

95.37

29.84

2.72

 

Rolls-Royce

222

225.11

499.75

240.75

521.97

22.22

57.17

10.95 

Total

 

 

 

13633.12

 

13001.96

-631.16

-220.54

14.24

Unit price is down from 102p to 101p.

4. Review of current holdings

BUNZL: They were buying their own shares. (cigarette filters and plastic cups)

BVS: Looked like they were going up.

CEC: Down slightly.

ECK: The least said…

INT: Hit by the dollar, but actually up.

PENNON: Kelda type share. Dividend just passed.

RNK: Coming back. Also makes DVD’s, which are selling well.

RR: Recovering from stop-loss.

CW: Doing well.

HDYS: Doing well.

ICI: 20% stop-loss because volatile and intended to be long-term.

KEL: Due to go ex-dividend, still on tight 4-5% stop-loss.

SHB: Stop-loss at 244, currently at 265.

SMDS: Doing well.

5. AOB

Boosting membership, a debate ensued as to how this could be done. Discussed a global e-mail or personal invites. It was decided we should be just letting people know in general conversation, and see who comes.

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

None

Date of next meeting (regular monthly meeting)

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