Minutes of Roborough Investment Club Meeting #60

19th April 2003

Attendees: Chris Bailey, Cyril Bouhallier, Geoff Floyd, Franz Fuchs, Andy Davies (left early), Wez Davey, Andrew Watkins (a little late)

Apologies: Les Watson, Allan Proudfoot, Phil Ainsley

Absent: Alan Martin

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, but require correction of share transaction detail. Cut and paste made of 177 shares.

Action 1: Cyril. Correct February’s report, share purchase/sales section.

2. Review Actions

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

Franz has tried Jay. No result.

3. Treasurer's Report

Shares purchase/sales this month

Bulls sold 50 shares of Intel at 1552p/share for £776.00. Loss of £215.50
 Bulls sold 177 shares of Rolls-Royce at 550p/share for £1105.12. Profit of £165.14
Cowboys sold 562 shares of Cable & Wireless at 131.63p/share for £739.76. Loss of £21.93
Cowboys sold 433 shares of Misys at 210.15p/share for £909.95. Loss of £100.48

 Cowboys bought 267 shares of Enterprise Inns at 374.50p/share for £999.91

Resignation

None

Dividends Received

DS Smith:                £8.40
Hardys & Hansons:  £16.44
Intel:                        £0.90

Asset Summary 

 

 

 

Company

No shares

Average price

Total Cost

Selling price

Net selling value

Profit or loss to date

Change from
prvious month

%

 Cowboys

Enterprise Inns

154

649.31

999.19

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

590.50

1304.32

305.71

172.83

13.25

 

Brown (N) Group

800

124.06

992.50

118.25

933.50

-59.00

-26.00

-2.79

  

Creative Education

9825

10.18

999.91

5.25

503.31

-496.60

-73.69

-14.64

 

Eckoch Technology

2000

39.13

782.56

11.75

222.50

-560.06

-75.00

-33.71

 

Pennon

150

678.17

1017.25

695.00

1030.00

12.75

29.25

2.84

 

Rank

385

259.73

999.97

325.00

1238.75

238.78

38.50

3.11

 

Royal Doulton

6361

12.14

771.97

8.00

496.38

-275.59

-95.42

-19.22

Total

 

 

 

11173.41

 

10513.98

-659.43

50.89

-25.02

Unit price is the same at 101p.

Action 2: Cyril. Correct the March report, share purchase/sales section.

4. Review of current holdings

Shell

News turbulence. Big dividend, 4.3%. Not over valued. Turnover is increasing.

Hardys & Hansons

4% yield. Steady growth.

Savills

Real estate. 2% dividend. P/E 12ish. Wanted a property share.           

British Empire

Trust fund. Graph looks good.

ISoft Group

Computer services. Risky tech. stock.

Enterprise Inns

Pubs. Buying up other pubs.

Kelda

6.3% dividend.

Eckoch Technology

Usual story.

Creative Education

Small share, getting smaller (price). Nursery chain. Expanding.

Royal Doulton

Pottery. Holding.

Brown (N) Group

Older generation shopping. Dividend.

Pennon

Water. Dividend.

Bovis Homes

Property.

Rank

Doing well.

5. AOB

Need accounts auditing before the AGM in May. Chris and Franz agree to look at the accounts.

Geoff has the Taxing Questions article available for anyone wanting to look.

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: Cyril. Correct February’s report, share purchase/sales section.
Action 2: Cyril. Correct the March report, share purchase/sales section.

Date of next meeting (regular monthly meeting + AGM)

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