Attendees: Alan Martin, Dave Johnston, Chris Bailey, Allan Proudfoot, Cyril Bouhallier, Wez Davey, Andrew Watkins, Andy Davies
Apologies: Les Watson, Phil Ainsley, Franz Fuchs, Geoff Floyd
Absent:
Agenda
The previous minutes were accepted.
There were no actions recorded to review, however, Cyril was not sure if the account discrepancies had been fixed.
Action: Cyril to check audit
discrepancies are fixed.
19 June 2003: Bought 200 Shares of British Land at
511.23p/share for £1022.45
Bought 430 Shares of Victoria Carpet at 233.65p/share for £1004.69
25 June 2003: Bought 143 Shares of Hardys & Hansons at 424.33p/share for
£606.79
11 June 2003: Sold 650 Shares of DS SMith at 171p/share for £1004 - Profit: £100.69
17 June 2003: Sold 570 Shares of Laird at 205.5p/share for £1163.85 -
Profit: £165.32
20 June 2003: Sold 125 Shares of Abbey National at 479.38p/share for £591.73
- Profit: £94.60
25 June 2003: Sold 1241 Shares of Volex at 72.806p/share for £886.02
- Profit: £196.32
27 June 2003: Sold 161 Shares of Cambridge Antibody Technology at 545.69p/share
for £871.06 - Profit: £171.97
None
Rexam : £26.38
Laird: £30.78
Tesco: £22.86
|
|
Company |
No shares |
Average price |
Total Cost |
Selling price |
Net selling
value |
Profit or loss
to date |
Change |
% |
|
Tea leaves |
None Nada Zilch |
- |
- |
- |
- |
- |
- |
- |
- |
|
Coffee beans |
British Land |
200 |
511.23 |
1022.45 |
480 |
952.5 |
-69.95 |
- |
- |
|
|
Bunzl |
113 |
440.27 |
497.51 |
424.00 |
471.62 |
-25.89 |
-1.89 |
-0.42 |
|
|
Chorion |
4304 |
23.23 |
999.99 |
4.25 |
175.42 |
-824.57 |
21.52 |
12.27 |
|
|
Eckoch Technology |
2000 |
39.13 |
782.56 |
12.00 |
232.50 |
-550.06 |
-15.00 |
-6.45 |
|
|
Hardys & Hansons |
143 |
424.33 |
606.79 |
393.00 |
554.49 |
-52.30 |
- |
- |
|
|
Kelda |
505 |
396.83 |
2004.01 |
426.50 |
2146.33 |
142.32 |
-46.71 |
-2.18 |
|
|
Rank |
385 |
259.73 |
999.97 |
251.75 |
961.74 |
-38.23 |
41.39 |
4.30 |
|
|
Urbium |
4304 |
0.00 |
0.00 |
5.30 |
220.61 |
220.61 |
8.61 |
3.90 |
|
|
Victoria Carpet |
430 |
233.65 |
1004.69 |
225.00 |
960.00 |
-44.69 |
- |
- |
|
Total |
|
|
|
7917.97 |
|
6711.97 |
-1206.00 |
-5.41 |
-29.44 |
Unit price is the same at 96p.
Andy queried the RIC split spreadsheet. The spreadsheet shows the holdings value rising since the end of June but the unit price is still frozen.
Action: Cyril to check why the RIC
split rising charts have not been reflected in the unit price.
The Tea Leaves have no holdings, still waiting for the ?golden? trigger from the charts. They have 8 companies that are being monitored closely, plus a general continuous search of the FTSE350. Proposal, how about the Coffee Beans spend the Tea Leaves cash and split profit??, okay, and loss.
Action: Tea Leaves to vote on the
Coffee Beans spending their cash with profit/loss split.
The Coffee Beans have purchased Hardys and Hansons, British Land and Victoria carpet because their share prices are below their net asset value. There is also pressure for these companies to increase their dividend.
Looking to sell Urbium ?fee free?, though a director has just bought a large holding.
NOB
Next Meeting: Monday, 18th August 2003, 17:00h to 18:00h