Attendees: Alan Martin, Dave Johnston, Andrew Watkins, Cyril
Bouhallier, Wez Davey, Franz Fuchs, Les Watson, Geoff Floyd, Andy Davies, Allan
Proudfoot
Apologies: Chris Bailey
Absent: Phil Ainsley
Agenda
Minutes accepted.
Review of Action 1: Les will check if GAW and LMC would have shown on
the chart.
Les not here, so ONGOING.
Action 1: We’ve missed it, close action. CLOSED.
Coffee beans sold 430 shares
of Victoria at 532.1p/share for £1064.20. Gain £329.57
Coffee beans bought 562 shares of Cable & Wireless at 133.31p/share for
£749.19.
Coffee beans bought 9825 shares of Creative Education at 10.18p/share for
£999.91.
Tea leaves bought 505 shares of ICI at 198p/share for £999.89.
Tea leaves bought 529 shares of Rolls-Royce at 188.73p/share for £998.38.
Tea leaves bought 177 shares of Spirax-Sarco at 564.84p/share for £999.76.
None
None
|
|
|||||||||
|
|
Company |
No shares |
Average price |
Total Cost |
Selling price |
Net selling value |
Profit or loss to date |
Change from |
% |
|
Tea leaves |
ICI |
505 |
198.00 |
999.89 |
192.25 |
958.36 |
-41.53 |
0.00 |
- |
|
|
Rolls-Royce |
529 |
188.73 |
998.38 |
175.75 |
917.22 |
-81.16 |
0.00 |
- |
|
|
Spirax-Sarco |
177 |
564.84 |
999.76 |
558.00 |
975.16 |
-24.60 |
0.00 |
- |
|
Coffee beans |
Bunzl |
113 |
440.27 |
497.51 |
443.00 |
488.09 |
-9.42 |
-19.49 |
-3.99 |
|
|
DS Smith |
300 |
166.85 |
500.54 |
157.50 |
460.00 |
-40.54 |
-13.50 |
-2.93 |
|
|
Cable and Wireless |
562 |
133.31 |
749.19 |
130.50 |
720.91 |
-28.28 |
0.00 |
- |
|
|
Creative Education |
9825 |
10.18 |
999.91 |
9.00 |
871.75 |
-128.16 |
0.00 |
- |
|
|
Eckoch Technology |
2000 |
39.13 |
782.56 |
17.00 |
327.50 |
-456.06 |
-30.00 |
-9.16 |
|
|
Hardys & Hansons |
143 |
424.33 |
606.79 |
425.00 |
595.25 |
-11.54 |
14.30 |
2.40 |
|
|
Intel |
50 |
1958.00 |
979.00 |
1939.00 |
957.00 |
-22.00 |
4.00 |
0.42 |
|
|
Kelda |
505 |
396.83 |
2004.01 |
450.50 |
2262.53 |
258.52 |
37.88 |
1.67 |
|
|
Rank |
385 |
259.73 |
999.97 |
287.75 |
1095.34 |
95.37 |
29.84 |
2.72 |
|
|
Shaftesbury |
222 |
225.11 |
499.75 |
240.75 |
521.97 |
22.22 |
57.17 |
10.95 |
|
Total |
|
|
|
11617.26 |
|
11151.08 |
-466.18 |
80.20 |
30.46 |
Unit
price has not moved and is 102p.
BUNZL: Through stop-loss but back up. Decided to keep.
Would have made 16.5% using the Tea Leaves “System” in 4 trades from mid-2002.
BVS: Reached stop-loss on “the System”.
CEC: 50% stop-loss set, quite volatile, a long term risk
punt.
CW: Flat, counting on long-term tech. recovery. 10%
stop-loss set as per “the System” recommendation.
ECK: No comment.
HARDYS: Pubs.
ICI: Stop-loss hit, should be sold on “the System” 11%
stop-loss
INT: Hit by the dollar
KEL: Waiting for the dividend, “the System” says 10%
stop-loss, 5% set.
RNK: Come away from highs. Waiting for gambling
deregulation. “The System” says 10% stop-loss as is set.
RR: 13% stop-loss set by “the System”
SHB: Property. “The System” says 4-5% stop-loss.
SMDS: Short-term stop-loss reached. “The System” says 9%
long-term.
SPX: 6% stop-loss reached. Recovering.
Alan
Martin is moving to Swindon. He will attempt to dial in using Netmeeting in the
future.
The
RIC split. A group re-shuffle was proposed, and debated. The proposal was for
the Coffee Beans to win the current game for 2003, and there to be a new annual
game. The stock would be split via lucky dip, and the cash would be split to
balance the portfolios.
Re-shuffle
vote:
6
For, 2 Against, 2 Abstentions
Motion
carried, the game will reset during the December meeting every year.
New
split – team names to be decided.
Team
A: PA, AD, CBo, AM, WD, FF
Team
B: GF, DJ, AW, AP, LW, CBa
Team
A Stock: INTC, RNK, CEC, BNZL, ECK, BVS, RR
Team
B Stock: SMDS, ICI, SHB, KEL, CW, HDYS, SPX
Value
will be set at the closing price on 15th December 2003.
None
Next Meeting: Monday, 19th
January 2003, 17:00h to 18:00h