Attendees: Franz Fuchs, Andrew Watkins, Dave Johnston, Don Parker, Geoff Floyd, Andy Davies, Wez Davey, Alan Worroll, Les Watson, Chris Bailey, Rick Haggitt,
Apologies: Allan Proudfoot, Martin Collinge, Stephen Andrew, Cyril Bouhallier, Richard Albon, Phil Ainsley, Kevin Forrest, Alan Martin
Agenda
The minutes were reviewed and a small change was highlighted to section 4 in that both Dave and Franz were to be share buddies otherwise the minutes were accepted as a fair representation of the meeting.
15.3: AD to ask about the price of buying this year’s "Company Ref’s". - To be reviewed during the meeting - COMPLETED
16.1: AD, to send e-mail to club members not in attendance asking them to vote on the sale of MKS. - COMPLETED
16.2: AD to obtain a copy of the company ref's demo. - COMPLETED
Action 17.1 : GF, as agreed at a followup meeting Geoff would go ahead and purchase the Company ref's CD.
Both Rick and Allan have made a double payment the following month.
Paid £609.18 following valuation at the end of August.
Mark & Spencer - £414.42 realising a loss of £114.65
European Telecom - £856.73 realising a profit of £476.08
Vodafone - £911.10 realising a loss of £119.73
Vodafone - £2.31
European Telecom - £5.38
|
Name of Company |
No shares |
Average price |
Total Cost |
Selling price |
Net selling value |
Profit or loss to date |
Change during month |
|
Barclays |
31 |
1676.13 |
519.60 |
1711.00 |
518.41 |
-1.19 |
62.31 |
|
Bond Int' Software |
344 |
76.60 |
263.51 |
70.00 |
228.80 |
-34.71 |
10.32 |
|
Chloride |
629 |
79.90 |
502.56 |
200.00 |
1246.00 |
743.44 |
88.06 |
|
Fleming Euro IT |
108 |
461.35 |
498.26 |
442.00 |
465.36 |
-32.90 |
18.36 |
|
ICI |
90 |
571.37 |
514.23 |
463.00 |
404.70 |
-109.53 |
-8.55 |
|
Pace Micro |
72 |
362.24 |
260.81 |
751.00 |
528.72 |
267.91 |
-82.08 |
|
Prudential |
53 |
979.40 |
519.08 |
901.00 |
465.53 |
-53.55 |
-3.18 |
|
Tesco |
221 |
225.52 |
498.41 |
215.50 |
464.26 |
-34.15 |
-9.39 |
|
365 Corp |
242 |
212.99 |
515.44 |
81.00 |
184.02 |
-331.42 |
41.14 |
|
VI Group |
658 |
40.01 |
263.29 |
34.00 |
211.72 |
-51.57 |
19.74 |
|
Volex |
32 |
1555.06 |
497.62 |
1750.00 |
548.00 |
50.38 |
0.00 |
|
6240.57 |
4852.81 |
5265.52 |
412.71 |
136.73 |
Slight drop in unit price to 167.
Each "share buddy" at the meeting gave a brief update about their share…
|
Buddy |
Notes |
Recommendation |
|
|
CHLD |
Geoff Floyd |
Dropped recently, Stoploss set at 162 |
HOLD |
|
TSF |
Wez Davey |
Announced Q1 figures including turnover. New losses |
HOLD |
|
BDI |
Stephen Andrew |
|
HOLD |
|
ICI |
Andrew Watkins |
|
HOLD |
|
VIG |
Don Parker |
Not doing much |
HOLD |
|
PRU |
Andy Davies |
Taken a hit and seems out of favour, rumours of possible take over. |
HOLD |
|
BARC |
Richard Albon |
Breaking even |
HOLD |
|
TSCO |
Alan Worroll |
|
HOLD |
|
FLM |
Franz Fuchs |
|
HOLD |
|
VLX |
Dave Johnson |
|
HOLD |
Phil suggested Parthus a IP company which have designed a core for Bluetooth.
Alan suggested CML Micro
Kevin suggested ARC
17.2 Alan : To gather more info on CML Micro
17.3 Kevin: To gather more info on ARC
Geoff proposed buying GBP 1000 of Volex - Everyone agreed
Investor of the week was Chris, who walked off with the trophy.
Could everyone please e-mail there share picks to Andy for subsequent competitions.
_____________________
Mailings from month
_____________________
> ----------
> From: Geoff Floyd
> Sent: 21 September 2000 12:42
> To: Alan Martin; Alan Worrall; Allan Proudfoot; Andrew Watkins; Andy
> Davies; Chris Bailey; Cyril Bouhallier; Dave Johnston; Don Parker; Franz
> Fuchs; Geoff home; Kevin Forrest; Les Watson; Martin Collinge; Phil
> Ainsley SB; Richard Albon; Rick Haggitt; Stephen Andrew; Wez Davey
> Subject: TED
>
> I purchased 1064 shares in TED this morning.
>
> Total cost ?1001.12
>
> Therefore cost per share = (1001.12 - 12 - 5) /1064 = 92.5p
>
> Cheers
> Geoff
>
> ----------
> From: Philip Ainsley[SMTP:philip.ainsley@beachsolutions.com]
> Sent: 03 October 2000 09:02
> To: me; Wez Davey; Andrew Watkins; Stephen Andrew; Franz Fuchs; Martin
> Collinge; Geoff Floyd; Alan Martin; Kevin Forrest; Alan Worrall; Allan
> Proudfoot; Cyril Bouhallier; Chris Bailey; Les Watson; Don Parker; Dave
> Johnston; Richard Albon; Rick Haggitt; Andy M Davies
> Subject: Parthus Shares
>
> Parthus, as I said, is Dublin based, with 370 employees.
> Selling IP cores, and so can be expected to be producing regular signups
> from OEMs, hopefullly with prices going up each time.
>
> Figures show debt going up, profit negative last year.
>
> Profit is stilll expected negative next year, at -1.57 by 31 Dec 00
>
> Only one broker making any recommendation at all - to moderately Buy
> which may be good!
>
> They signed up another customer last month - Maxim Integrated Products,
> for
> their GPS core, for mobile phones.
>
> Shares at 278p. Started at about 85p in May, and peaked at 390p in August.
>
>
>
> 1997 1998 1999
> Turnover Mill. ? 12.80 15.60 19.00
> Pre tax profit Mill. ? 2.31 0.95 -2.56
> Norm earn per share $ 0.04 0.01 -0.06
> FRS3 earn per share $ 0.04 0.01 -0.05
> Div per share $ - - -
> Balance Sheet
> 1997 1998 1999
> Intangibles Mill. ? - - -
> Fixed assets Mill. ? 1.94 2.58 2.37
> Fixed investments Mill. ? - - -
> Stocks Mill. ? - - -
> Debtors Mill. ? 2.28 2.28 4.22
> Cash, securities Mill. ? 3.42 14.40 10.30
> --------------------------------------------------------------------------
> --
> ----
>
> Creditors short Mill. ? 3.31 6.11 8.11
> Creditors long Mill. ? - - -
> Prefs, minorities Mill. ? 0.76 0.99 0.91
> Ord cap, reserves Mill. ? 3.56 12.10 7.88
> Mkt capitalisation Mill. ?
>
> --------------------------------------------------------------------------
> --
> ----
>
>
>
> Questor Column discusses the potential that lies in companies brimming
> with
> technical intellectual property. Parthus Technologies (LSE: PRH.L - news)
> (PRH) is one company that has this quality. It designs silicon chips for
> wireless devices, sells licenses to semiconductor makers and hopes to earn
> royalties. Floated in May at 85p the shares are now 315p. Currently, the
> company has three good ideas with very little competition. First,
> Bluetooth,
> a revolutionary communications protocol. Then there's Global Positioning -
> tracking by satellite. Finally, Internet audio chips that give you
> quadraphonic sound on your mobile phone or computer. Any could make it
> big;
> the column feels Parthus is worth a look.
>
>
>
>
>
>
>
>
>