Minutes of Roborough Investment Club Meeting #54

20th October 2003

Attendees: Alan Martin, Dave Johnston, Chris Bailey, Phil Ainsley, Cyril Bouhallier, Wez Davey, , Franz Fuchs, Geoff Floyd

Apologies: Andy Davies, Les Watson

Absent: Andrew Watkins, Allan Proudfoot

Agenda

  1. Review minutes of previous meeting
  2. Review of actions
  3. Treasurer's report
  4. Review of current holdings
  5. AOB
  6. Agenda for next meeting

1. Review minutes of previous meeting

Minutes accepted.

2. Review Actions

Review of Action 1: Les will check if GAW and LMC would have shown on the chart.

Les not here, so ONGOING.

Action 1: Les will check if GAW and LMC would have shown on the chart.

Review of Action 2: Geoff to find out what the simplified tax scheme is.

Geoff distributed the tax details. No fund limits were seen in the detail. Everyone is individually responsible for their own tax returns. CLOSED.

3. Treasurer's Report

Shares purchase/sales this month

Coffee beans sold 4304 shares of Chorion at 480.25p/share for £242.99. Loss £757
Coffee beans sold 86 shares of Urbium at 48.35p/share for £360.60. Gain £366.60

Coffee beans bought 208 shares of DS Smith at 480.25p/share for £500.54
Coffee beans bought 2068 shares of Shaftesbury at 48.35p/share for £499.75

Tea leaves sold 208 shares of Camdridge Antibody at 480.25p/share for £981.74. Loss £17.19
Tea leaves sold 2068 shares of Chloride at 48.35p/share for £964.63. Loss £35.28

Resignation

None

Dividends Received

None

Asset Summary

 

 

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

485.25

958.00

-64.45

-30.50

-3.18

 

Bunzl

113

440.27

497.51

456.00

502.78

5.27

-10.09

-2.01

 

DS Smith

300

166.85

500.54

165.50

484.00

-16.54

-

-

 

Eckoch Technology

2000

39.13

782.56

12.25

232.50

-550.06

-40.00

-17.20

 

Hardys & Hansons

143

424.33

606.79

415.00

580.95

-25.84

-19.30

-3.32

 

Kelda

505

396.83

2004.01

423.50

2126.18

122.17

73.28

3.45

 

Rank

385

259.73

999.97

265.00

1007.75

7.78

-80.08

-7.95

 

Shaftesbury

222

225.11

499.75

222.50

481.45

-18.30

-

-

 

Victoria Carpet

430

233.65

1004.69

253.50

1077.55

72.86

40.15

3.73

Total

 

 

 

7918.27

 

7451.16

-467.11

-66.54

-27.03

Unit price is down from 101p to 99p.

A discrepancy in the RIC split valuations was noted.

Action 2: Cyril, will check the RIC split valuations for differences.

4. Review of current holdings

Tea Leaves

CAT and CHLD were a loss because of latency in implementing the stop loss.

Coffee Beans

British Land – sold
Bunzl – Plastic cups and cigar filters
DS Smith – An old favourite
365 – A legacy stock
Hardy & Hansons – Midland pubs
Kelda – An old dividend favourite
Rank – Bought because of deregulation of gambling
Shaftesbury – Bought because of belief it is still good to be in property
Victoria Carpets – Bought because of net assets and steady growth

5. AOB

When will the Tea Leaves buy? Answer: They nearly did but bottled.

6. Agenda for next meeting

  1. Review minutes of previous meeting
  2. Review actions
  3. Review treasurer's report
  4. Review current holdings
  5. AOB
  6. Agenda for next meeting

Action Summary

Action 1: Les will check if GAW and LMC would have shown on the chart.
Action 2: Cyril, will check the RIC split valuations for differences.

Date of next meeting (regular monthly meeting)

Next Meeting: Monday, 17th November 2003, 17:00h to 18:00h