Minutes of Roborough Investment Club Meeting #58

16th February 2003

Attendees: Chris Bailey, Cyril Bouhallier, Wez Davey, Franz Fuchs (late), Andy Davies, Andrew Watkins,

Apologies: Les Watson, Alan Martin, Allan Proudfoot

Absent: Phil Ainsley, 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 with title corrections.

2. Review Actions

None.

3. Treasurer's Report

Shares purchase/sales this month

Bulls bought 800 shares of Brown (N) Group at 121.89p/share for £992.50
Bulls bought 6361 shares of Royal Doulton at 11.88p/share for £771.97
Bulls sold  113 shares of BUNZL at 425.79p/share for £468.64. Loss of £28.87

Cowboys sold 177 shares of Spirax-Sarco at 550p/share for £961. Loss of £38.76

Resignation

None

Dividends Received

BUNZL: £4.35

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

144.00

796.78

47.59

57.60

7.23

  

DS Smith

300

166.85

500.54

171.00

500.50

-0.04

30.00

5.99

 

Hardys & Hansons

143

424.33

606.79

483.00

678.19

71.40

25.74

3.80

 

ICI

505

198.00

999.89

215.00

1073.25

73.36

87.11

8.12

 

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

 Bulls

Bovis Home

223

447.81

998.61

443.50

976.51

-22.10

-79.16

-8.11

 

Brown (N) Group

800

124.06

992.50

124.50

983.50

-9.00

-

-

 

BUNZL

113

440.27

497.51

424.25

466.90

-30.61

-21.19

-4.54

  

Creative Education

9825

10.18

999.91

6.25

601.56

-398.35

-24.57

-4.08

 

Eckoch Technology

2000

39.13

782.56

16.25

312.50

-470.06

25.00

8.00

 

Intel

50

1958.00

979.00

1669.00

822.00

-157.00

-70.50

-23.57

 

Pennon

150

678.17

1017.25

634.00

938.50

-78.75

-77.75

-8.23

 

Rank

385

259.73

999.97

315.50

1202.18

202.21

145.34

12.09

 

Rolls-Royce

529

188.73

998.38

184.50

963.51

-34.87

35.71

3.71 

 

Royal Doulton

6361

12.14

771.97

10.75

671.31

-100.66

-

-

Total

 

 

 

13900.32

 

13234.59

-665.73

-6.67

-1.76

Unit price is down from 101p to 100p.

4. Review of current holdings

The Cowboys have sold 2 shares that looked unlikely to perform, Shaftesbury and ICI. Some profit taken.

 

 DS Smith

Kept, looking steady.

Hardys & Hansons

Breweries.

Kelda

Cyril’s baby, couldn’t possibly sell this one, but has gone through stop-loss.   

Cable and Wireless

There’s value in there. Eyeing other telecom companies.

Shaftesbury

Sold, due to possible drop in the housing market.

ICI

Sold. Accounts not looking good now or in forecasts.

Royal Doulton

Thought we were going to miss out on something. Hit by bid-offer spread. Showing signs of coming back.

Rolls-Royce

Looking good at the moment. Gained 20% in 2 days. At a 2 to 3 year high.

Rank

Forecasting 360p.

Intel

Hit by the dollar. Approx. 50p dividend (total).

Brown (N) Group

For elderly shoppers. Good dividends. Good ratios.

Pennon

Kelda style share.

Bovis

Kept.

5. AOB

Action 1: Still need to recruit by word of mouth.

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: Still need to recruit by word of mouth.

Date of next meeting (regular monthly meeting)

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