Minutes of Roborough Investment Club Meeting #62
21st June 2004

Attendees: Les Watson, Cyril Bouhallier, Franz Fuchs, Geoff Floyd, Andy Davies, Andrew Watkins, Chris Bailey (from 5.20pm), Phil Ainsley (left 5.30pm)

Apologies: Wez Davey (holiday)

Absent: Allan Proudfoot, Alan Martin
 
 

Agenda

Review minutes of previous meeting
Review of actions
Treasurer's report
Review of current holdings
AOB
Agenda for next meeting

1. Review minutes of previous meeting

Minutes accepted with no corrections.

2. Review Actions

No outstanding actions

3. Treasurer's Report

Shares purchase/sales this month

None

Dividend Received

Rank Group: £35.80
Bovis Homes: £24.75

Asset Summary

 
Company
No shares
Average price
Total Cost
Selling price
Net selling value
Profit or loss to date
Change from 
previous month
%
Cowboys
British Empire
395
252.91
998.99
238
927.6
-71.39
-39.50
-4.26%
Hardys & Hans
143
424.33
606.79
502.5
706.08
99.29
32.18
4.56%
 
iSoft Group
267
374.50
999.91
386.5
1019.46
19.55
-49.39
-4.84%
 
Kelda
505
396.83
2004.01
490.75
2465.79
461.78
135.09
5.48%
 
Savills
219
455.95
998.53
443.5
958.77
-39.76
-64.60
-6.74%
 
Shell
265
377.22
999.63
394.25
1032.26
32.63
13.91
1.35%
Bulls
Bovis Homes
223
447.81
998.61
511
1127.03
128.42
-63.56
-5.64%
Brown (N) Group
800
124.06
992.50
102.75
809.50
-183.00
-162.00
-20.01%
 
Creative Edu
9825
10.18
999.91
5.63
540.65
-459.26
61.90
11.45%
Eckoch Techn
2000
39.13
782.56
10.75
202.50
-580.06
-5.00
-2.47%
Enterprise Inns
154
649.31
999.93
614.5
933.83
-66.10
10.78
1.15%
Pennon Group
150
678.17
1017.25
738
1094.50
77.25
72.00
6.58%
Rank
385
259.73
999.97
307
1169.45
169.48
-38.50
-3.29%
Royal Doulton
6361
12.14
771.97
8.13
504.65
-267.32
-55.34
-10.97%
Total
14170.56
13492.07
-678.49
-152.03
-1.13%

Unit price is down from 102p to 101p.

4. Review of current holdings

Brown Group - seems to have gone badly. Need to review.

Kelda - Good yield, steady growth - hold.

UK Coal - New purchase. Share suffered badly in recent years with prospect of a recovery. On a 10% stop loss.

Hardys and Hansons - banking on a long hot summer with lots of sporting events. Continuing up - hold.

Isoft - were tracking sideways. Sold at 400, now at 391. Will re-acquire at the bottom of its trading band.

Shell - recovery share, up some 8% (£83). Need to decide whether to ditch or keep as long term share.

British Empire - bought as a momentum share. Unfortunately moment has stopped and it is now tracking sideways. Need to review.

Savils - Estate agents - dropped recently. This one has the potential to fall a long way. Need to consider whether to hold or sell.

Enterprise Inns - tracking sideways, share sold.

Pennon - showing good growth. Monitor and hold.

Rank - Recent fall, but has good dividend prospect. Monitor and hold for present.

Bovis - good long term growth prospect, but recent fall (20%). Monitor.

London Stock Exchange - Good long term growth potential, but has a wide trading band. Currently tracking upwards, sell if it reaches 510p per share.

5. AOB

Nothing minuted

6. Agenda for next meeting

Review actions

Review minutes of previous meeting

Review treasurer's report

Review current holdings

AOB

Agenda for next meeting

Action Summary

No actions

Date of next meeting

Monday, 19th July 2004, 5.00pm to 6.00pm