Minutes of Roborough Investment Club Meeting #59

15th March 2003

Attendees: Allan Proudfoot, Alan Martin, Les Watson,  Cyril Bouhallier, Phil Ainsley, Franz Fuchs (late), Andy Davies (phone)

Apologies: Chris Bailey, Wez Davey, Andrew Watkins, Geoff Floyd

Absent:

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: Still need to recruit by word of mouth.

ONGOING

Action 1: Still need to recruit by word of mouth.

3. Treasurer's Report

Shares purchase/sales this month

Cowboys sold 300 shares of DS Smith at 167.5p/share for £502.50 Loss of £10.54
 Cowboys sold 505 shares of ICI at 221.31p/share for £1105.12. Profit of £105.23
Cowboys sold 222 shares of Shaftesbury at 261.90p/share for £581.42. Profit of £69.17

 Cowboys bought 267 shares of iSoft Group at 374.50p/share for £999.91
Cowboys bought 433 shares of Misys at 230.47p/share for £997.93

Resignation

None

Dividends Received

Shaftesbury: £5.63
Kelda: £40.90

Asset Summary 

 

 

 

Company

No shares

Average price

Total Cost

Selling price

Net selling value

Profit or loss to date

Change from
prvious month

%

 Cowboys

Cable and Wireless

562

133.31

749.19

140.75

778.52

29.33

-18.26

-2.35

 

Hardys & Hansons

143

424.33

606.79

483.00

678.19

71.40

25.74

3.80

 

iSoft Group

267

374.50

999.91

333.75

878.61

-121.30

-

-

 

Kelda

505

396.83

2004.01

446.50

2242.33

238.32

55.55

2.48

 

Misys

433

230.47

997.93

227.25

971.49

-26.44

-

-

 Bulls

Bovis Home

223

447.81

998.61

513.00

1131.49

132.88

154.98

13.70

 

Brown (N) Group

800

124.06

992.50

121.50

959.50

-33.00

-24.00

-2.50

  

Creative Education

9825

10.18

999.91

6.00

577.00

-422.91

-24.56

-4.26

 

Eckoch Technology

2000

39.13

782.56

15.50

297.50

-485.06

-15.00

-5.04

 

Intel

50

1958.00

979.00

1563.00

769.00

-210.00

-53.00

-6.89

 

Pennon

150

678.17

1017.25

675.00

1000.75

-16.50

62.25

6.22

 

Rank

385

259.73

999.97

315.00

1200.25

200.28

-1.93

-0.16

 

Rolls-Royce

529

188.73

998.38

205.00

1071.95

73.57

108.44

10.12 

 

Royal Doulton

6361

12.14

771.97

9.50

591.80

-180.17

-79.51

-13.44

Total

 

 

 

13897.98

 

13144.09

-753.89

160.67

-0.69

Unit price is up from 100p to 101p.

4. Review of current holdings

Les presented some point and figure analysis that predicted that Kelda could reach 580 ish watch this space.

5. AOB

None other than Action 1, i.e. still need to recruit by word of mouth.

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: Still need to recruit by word of mouth.

Date of next meeting (regular monthly meeting)

Next Meeting: Monday, 19th April 2003, 17:00h to 18:00h