Attendees: Franz Fuchs, Andrew Watkins, Dave Johnston, Don Parker, Geoff Floyd, Andy Davies, Alan Worroll, Rick Haggitt, Martin Collinge, Stephen Andrew, Cyril Bouhallier, Phil Ainsley
Apologies: Allan Proudfoot, Richard Albon, Chris Bailey, Les Watson, Kevin Forrest, Alan Martin, Wez Davey
Agenda
The minutes were reviewed and a small change was highlighted to the attendance as Steve was present at the last meeting.
17.1 : GF, as agreed at a follow up meeting Geoff would go ahead and purchase the Company ref's CD. - COMPLETED
17.2 Alan ??: To gather more info on CML Micro - ONGOING
17.3 Kevin: To gather more info on ARC - ONGOING
Rick Haggitt.
Sold Pace Micro Technology - £592.80 realising a profit of £332.05
Purchase 53 Volex for £1011.25
Purchase 1064 Tepnel Life Sciences (TED) for £1001.12
None
|
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 |
1872.00 |
568.32 |
48.72 |
49.91 |
|
Bond Software |
344 |
76.60 |
263.51 |
70.00 |
228.80 |
-34.71 |
0.00 |
|
Chloride |
629 |
79.90 |
502.56 |
187.00 |
1164.23 |
661.67 |
-81.77 |
|
Fleming Euro IT |
108 |
461.35 |
498.26 |
458.00 |
482.64 |
-15.62 |
17.28 |
|
ICI |
90 |
571.37 |
514.23 |
384.00 |
333.60 |
-180.63 |
-71.10 |
|
Prudential |
53 |
979.40 |
519.08 |
918.00 |
474.54 |
-44.54 |
9.01 |
|
Tepnel LC |
1064 |
94.09 |
1001.12 |
84.00 |
881.76 |
-119.36 |
-119.36 |
|
Tesco |
221 |
225.52 |
498.41 |
245.00 |
529.45 |
31.04 |
65.19 |
|
365 Corp |
242 |
212.99 |
515.44 |
59.00 |
130.78 |
-384.66 |
-53.24 |
|
VI Group |
658 |
40.01 |
263.29 |
37.00 |
231.46 |
-31.83 |
19.74 |
|
Volex |
85 |
1795.11 |
1525.84 |
1950.00 |
1645.50 |
119.66 |
64.00 |
|
6212.47 |
6621.34 |
6671.08 |
49.74 |
-100.34 |
Unit price unchanged at 167.
Stop Loss
|
BARC |
BDI |
CHLD |
FEF |
ICI |
PRU |
TED |
TSCO |
TSF |
VIG |
VLX |
|
|
Max |
1876.00 |
110.50 |
207.50 |
466.50 |
562.00 |
1023.00 |
92.50 |
248.50 |
302.50 |
44.50 |
2117.50 |
|
Current |
1876.00 |
70.50 |
205.50 |
463.50 |
379.00 |
938.50 |
88.00 |
246.25 |
67.50 |
37.00 |
2117.50 |
|
Change |
100% |
64% |
99% |
99% |
67% |
92% |
95% |
99% |
22% |
83% |
100% |
|
Original |
1639.00 |
72.75 |
79.50 |
441.50 |
555.25 |
952.00 |
92.50 |
219.00 |
207.00 |
38.00 |
1650.00 |
|
Change |
114% |
97% |
258% |
105% |
68% |
99% |
95% |
112% |
33% |
97% |
128% |
BDI has dropped below the stop loss value at 64% of its peak value. Although it is still very close to the original purchase price.
ICI has dropped to 67% of its purchase price.
TSF is at 22% - We have already decided to hold on as it is now worth so little.
Each "share buddy" at the meeting gave a brief update about their share…
|
Buddy |
Notes |
Recommendation |
|
|
CHLD |
Geoff Floyd |
Keep it going |
HOLD |
|
TSF |
Wez Davey |
No Information |
HOLD |
|
BDI |
Stephen Andrew |
|
HOLD
Hit List #1 |
|
ICI |
Andrew Watkins |
|
HOLD |
|
VIG |
Don Parker |
|
HOLD Hit List #2 |
|
PRU |
Andy Davies |
Flat share. Could be on the hit list |
HOLD |
|
BARC |
Richard Albon |
|
HOLD |
|
TSCO |
Alan Worroll |
|
HOLD |
|
FEF |
Franz Fuchs |
No major changes |
HOLD |
|
VLX |
Dave Johnson |
Good steady growth |
HOLD |
|
TED |
Les Watson |
Due to report 11/10/00, due to announce a number of new home test products. |
HOLD |
We all reviewed Parthus (PRH). We agreed to buy £1000 worth of the shares. We compared the company against ARC and came to the conclusion that we had more information about Parthus. We may have to react quickly to selling on "peaks". The company has share peaks when it makes IP and partnership/licencing announcements, similar to those of ARM.
Action 18.1 GF to purchase £1000 of Parthus shares
Phil will be the share buddy for the parthus share
We decided to create a "monitor-gain" point for each share to review if we sell a share for profit.