Apologies:
Absent:
Alan Proudfoot, Alan Martin, Chris Bailey
Agenda:
No share sells.
Purchase
HSBC for £998.45 (Cowboys)
Whitbred for £899.70 (Cowboys)
| Name of Company | No shares | Average price | Total Cost | Selling price | Net selling value | Profit or loss to date | Change £ during month | Change % during month | |
| Cowboys | Assocd Brit Ports |
241
|
414.52
|
998.99
|
482.75
|
1150.93
|
151.94
|
50.01
|
4.3%
|
| Isoft |
294
|
339.26
|
997.43
|
386.25
|
1123.08
|
125.65
|
42.63
|
3.8%
|
|
| Hardys & Hansons |
143
|
424.33
|
606.79
|
547.50
|
770.43
|
163.64
|
32.18
|
4.2%
|
|
| HSBC |
98
|
918.10
|
899.74
|
917.00
|
886.16
|
-13.58
|
-13.58
|
-1.5%
|
|
| Kelda |
245
|
396.83
|
972.24
|
561.00
|
1361.95
|
389.71
|
8.57
|
0.6%
|
|
| UK Coal |
641
|
155.82
|
998.78
|
131
|
827.21
|
-171.57
|
-141.02
|
-17%
|
|
| Scot Power |
234
|
434.62
|
1017.00
|
405.75
|
936.96
|
-80.04
|
-77.22
|
-8.2%
|
|
| TT Electronics | 578 | 173 | 998.45 | 172 | 1071.25 |
72.80
|
89.59
|
8.4% | |
| Whitbred |
109
|
825.41
|
899.70
|
822.00
|
883.48
|
-16.22
|
-16.22
|
-1.8%
|
|
| Bulls | Bovis Homes |
223
|
447.81
|
998.61
|
516
|
1138.18
|
139.57
|
11.15
|
1.0%
|
| Brown (N) Group |
800
|
124.06
|
992.50
|
131.75
|
1041.50
|
49.00
|
26.00
|
2.5%
|
|
| Creative Education |
9825
|
10.18
|
999.91
|
4.37
|
416.85
|
-583.06
|
-37.34
|
-9.0%
|
|
| Eckoch Technology |
2000
|
39.13
|
782.56
|
10.88
|
205.10
|
-577.46
|
42.60
|
20.8%
|
|
| London Stock Exch |
265
|
376.54
|
997.82
|
364.25
|
1079.30
|
81.48
|
126.54
|
11.7%
|
|
| Pennon Group |
150
|
678.17
|
1017.25
|
911.50
|
1354.75
|
337.50
|
-12.75
|
-0.9%
|
|
| Personal |
525
|
190.95
|
1002.49
|
210
|
1090.00
|
87.51
|
26.25
|
2.4%
|
|
| Rank |
385
|
259.73
|
999.97
|
313.50
|
1194.48
|
194.51
|
105.88
|
8.9%
|
|
| Royal Doulton |
6361
|
12.14
|
771.97
|
10.75
|
671.31
|
-100.66
|
31.81
|
4.7%
|
|
|
16952.20
|
17202.92
|
511.46
|
295.08
|
1.7%
|
Unit price climbs from 108 to 110p.
Bulls:
LSE - very dramatic rise in value. The danger is they may also fall
very quickly. The concensus is that it should be kept until it starts to
fall and then profits quickly taken. The target price for this share varies
between members of the group ranging from 545p to 580p. An e-mail sale
may be requested tomorrow when the team has been consulted to avoid losing
todays gains.
Bovis - on its way up again - favourable press (telegraph) received. Target price is 600p. Plan to sell if it breaches the target price.
Cowboys:
Disappointing month. Three shares have not done well.
SPW - holding until it reaches its stop loss. Price has dropped due to bad investments in the US (power generators).
TTG - on an 8% stop loss. Passed through its stop loss so quickly that the share could not be ditched. Holding now as it starts to recover.
UKC - has been doing OK on a 16% stop loss. Also quickly fell through stop loss after bad news (failed to get planning permission for open cast site and re-guidance). Hoped it would recover but instead it breached its new stop loss and was ditched.
ABP - doing OK on a 2.3% stop loss
HSBC - bought on a peak
Kelda - Share price rising again, now on a 532 stop loss.
Hardy and Hansons - doing OK.
5. AOB
Annual regrouping of memebers and shares. The new teams are:
The 'Z' team:
Geoff,
Franz,
Wez,
Les,
Chris
The 'A' team:
Andy,
Phil,
Alan M,
Alan P,
Andrew
The share allocations (8 per team with 1 extra share to be assigned) are:
The 'Z' team:
Rank,
Isoft,
Hardys and Hansons,
Associated British Ports,
Kelda,
HSBC,
Ekotech,
Brown Group
The 'A' team:
Royal Doulton,
Bovis,
Pennon,
Whitbred,
Personal Group,
Scottish Power,
London Stock Exchange,
TT Electronics,
The floating share (Creative Education) will be allocated to the group
with the smallest equity. This helps Geoff balance out the cash/equity
split between the 2 new teams.
Cyril is the named individual for the comDirect trading account. Geoff was actioned to investigate the mechansim for transfering ownership.