Attendees: Franz Fuchs, Cyril Bouhallier, Andrew Watkins, Alan Martin, Dave Johnston, Geoff Floyd, Kevin Forrest, Phil Ainsley, Richard Albon, Andy Davies
Apologies: Alan Worroll, Rick Haggitt, Martin Collinge, Stephen Andrew, Don Parker, Allan Proudfoot, Chris Bailey, Les Watson, Wez Davey
Agenda
The previous minutes were accepted.
17.2 Alan ??: Cannot remember which Alan took this action therefore decided to kill.
17.3 Kevin: To gather more info on ARC - Killed
18.1 GF to purchase £1000 of Parthus shares - Complete
One missing payment last month - Rick Haggitt - but has paid this month.
Sold Bond - £206.33 realising a loss of £57.07
Purchase 370 Parthus for £1020.99
Volex - £5.44
Barclays - £6.20
ICI - £11.25
|
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 |
1968.00 |
598.08 |
78.48 |
29.76 |
|
Chloride |
629 |
79.90 |
502.56 |
205.00 |
1277.45 |
774.89 |
113.22 |
|
Fleming Euro IT |
108 |
461.35 |
498.26 |
415.00 |
436.20 |
-62.06 |
-46.44 |
|
ICI |
90 |
571.37 |
514.23 |
421.00 |
366.90 |
-147.33 |
33.30 |
|
Parthus |
370 |
2.76 |
1020.99 |
233.00 |
850.10 |
-170.89 |
-170.89 |
|
Prudential |
53 |
979.40 |
519.08 |
927.00 |
479.31 |
-39.77 |
4.77 |
|
Tepnel LC |
1064 |
94.09 |
1001.12 |
84.00 |
881.76 |
-119.36 |
0.00 |
|
Tesco |
221 |
225.52 |
498.41 |
262.75 |
568.68 |
70.27 |
39.23 |
|
365 Corp |
242 |
212.99 |
515.44 |
55.00 |
121.10 |
-394.34 |
-9.68 |
|
VI Group |
658 |
40.01 |
263.29 |
34.00 |
211.72 |
-51.57 |
-19.74 |
|
Volex |
85 |
1795.11 |
1525.84 |
2125.00 |
1794.25 |
268.41 |
148.75 |
|
6138.63 |
7378.82 |
7585.55 |
206.73 |
122.28 |
Volex rose £148 and Chloride £113 unfortunately Parthus dropped £170.
Unit price dropped from 167 to 164.
Would have risen to 170 without purchase of the company refs.
|
BARC |
FEF |
ICI |
PRH |
PRU |
TED |
TSCO |
TSF |
VIG |
VLX |
|
|
Max |
2010.00 |
466.50 |
562.00 |
297.00 |
1023.00 |
92.50 |
277.75 |
302.50 |
44.50 |
2125.00 |
|
Current |
2010.00 |
416.50 |
469.00 |
183.00 |
1020.00 |
84.50 |
277.75 |
52.50 |
35.50 |
2100.00 |
|
Change |
100% |
89% |
83% |
62% |
100% |
91% |
100% |
17% |
80% |
99% |
|
Original |
1639.00 |
441.50 |
555.25 |
270.00 |
952.00 |
92.50 |
219.00 |
207.00 |
38.00 |
1650.00 |
|
Change |
123% |
94% |
84% |
68% |
107% |
91% |
127% |
25% |
93% |
127% |
ICI has recovered to 83% having fallen below the stop loss last month.
Parthus has hit the stop loss already at 62%
VI Group is bang on 80%.
TSF fallen further to 17% (22% last month) - 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 his share.
|
Notes |
Buddy |
Share |
Recommendation |
|
BARC |
Richard Albon |
|
HOLD |
|
CHLD |
Geoff Floyd |
Recommended sale during the month. |
SOLD |
|
FEF |
Franz Fuchs |
No major changes |
HOLD |
|
ICI |
Andrew Watkins |
|
HOLD |
|
PRH |
Phil Ainsley |
Drop in value due to new share issue and tech stock sell off. 10% rise today. Hold for short-term gain. |
HOLD |
|
PRU |
Andy Davies |
Steady growth last month. |
HOLD |
|
TED |
Les Watson |
Due to announce a number of new home test products? |
HOLD |
|
TSCO |
Alan Worroll |
|
HOLD |
|
TSF |
Wez Davey |
Price so low it is hardly worth selling. |
HOLD |
|
VIG |
Don Parker |
|
SELL |
|
VOD |
Les Watson |
No purchase yet. Awaiting development. |
WAIT |
|
VLX |
Dave Johnson |
Steady growth. |
HOLD |
Proposal by Alan Martin to purchase shares in an oil company. Oil prices are likely to rising in the future as supplies run short. This could lead to an increase in profits for oil companies.
Action 19.1 - Alan to propose a purchase.
DICOM are projecting high turnover and sales growth into the future. Their share price is low (PER = 9.6, PSR = 0.7, Gearing -23%) Looks to be good value for a growth share.
It was initially decided to purchase £1000 of DICOM. This was reduced to £500 plus the sale to VIG to leave sufficient spare cash in the brokers for Les's Vodafone trades. In fact there is sufficient spare cash to allow a £1000 purchase when the recent sale of Chloride is included in the total. The Chloride sale is not settled and therefore does not appear in the cash total..
Proposal to purchase a games software company to cash in of software sales over Christmas and launch of Sony Play Station 2. Perhaps EIDOS or RAGE.
At a previous Tuesday lunchtime meeting it was decided that Les should trade £1000 worth of Vodafone using his technical analysis software to predict the buy and sell points. Based on past performance we should be able to make 15% per trade minus trading costs.