Apologies:
Alan Proudfoot (osb), Phil Ainsley
Absent:
Les Watson (osb)
Agenda:
British Empire (on 17Aug) for £916.15 (£83.49 loss)
Volex (on 10Aug) for £966.58 (£45.40 loss)
Purchase
Associated British Ports (on 17th Aug) for £997.43
Isoft (on 10th August) for £997.66
|
|
|
|
|
|
|
|
|
|
|
| Cowboys | Assocaited British ports |
241
|
414.52
|
998.99
|
430.75
|
1025.61
|
26.62
|
26.62
|
2.60
|
| Hardys & Hansons |
143
|
424.33
|
606.79
|
505
|
709.65
|
102.86
|
0.00
|
0.00
|
|
| Kelda |
505
|
396.83
|
2004.01
|
527.5
|
2561.38
|
647.37
|
58.08
|
2.19
|
|
| UK Coal |
641
|
155.82
|
998.78
|
165
|
1045.18
|
46.37
|
163.45
|
15.64
|
|
| Isoft |
294
|
339.26
|
997.43
|
360
|
1045.90
|
48.47
|
48.47
|
4.63
|
|
| Bulls | Bovis Homes |
223
|
447.81
|
998.61
|
560
|
1236.30
|
237.69
|
102.58
|
8.30
|
| Brown (N) Group |
800
|
124.06
|
992.50
|
117.25
|
925.50
|
-67.00
|
88.00
|
9.51
|
|
| Creative Education |
9825
|
10.18
|
999.91
|
4.63
|
442.40
|
-557.51
|
-49.12
|
-11.10
|
|
| Eckoch Technology |
2000
|
39.13
|
782.56
|
8.38
|
155.10
|
-627.46
|
-12.40
|
-7.99
|
|
| London Stock Exch |
265
|
376.54
|
997.82
|
357
|
933.55
|
-64.27
|
2.65
|
0.28
|
|
| Pennon Group |
150
|
678.17
|
1017.25
|
817.5
|
1213.75
|
196.50
|
131.25
|
10.81
|
|
| Personal |
525
|
190.95
|
1002.49
|
182.5
|
945.33
|
-56.86
|
-10.50
|
-1.11
|
|
| Rank |
385
|
259.73
|
999.97
|
287
|
1092.45
|
92.48
|
-33.69
|
-3.08
|
|
| Royal Doulton |
6361
|
12.14
|
771.97
|
6.63
|
409.23
|
-362.74
|
-63.61
|
-15.54
|
|
|
14169.08
|
13831.60
|
-337.48
|
451.78
|
3.27%
|
Unit price rises from 100 to 103p.
Associated British Ports - recent buy bought as a recovery stock after recent bad news had hit share price. It is hoped they will rise (up 2.6% so far).
Isoft - second buy this month tracking upwards (4.65%). Will hold.
Hardys and Hansons - continuing flat/upwards, waiting for the turn.
Kelda - monitoring very closely. It is felt that these are now fully valued and could turn. Bulls made an offer to purchase the share from Cowboys at 400p. This offer was rejected.
UK Coal - Good month up 15.64%. Will continue to monitor.
Bulls:
Bovis Homes. The group are divided on how to handle this share (hold or sell). There is a move towards selling them, but the group are waiting until the shares reach 600p.
Brown Group - Share up 8.3% this month. Brown Group provide catelogue sales for the older/grey polulation, and should be stable.
Eckoch Technology - Down 8% this month. Holding.
London Stock Exchange - Great divident this month. Holding.
Royal Daulton - Very volatile share. The original strategy was to buy as a recovery share, bought after bad news and restructuring. It is hoped that the price will rise now that they are at the end of their recovery plan. However they are not yet in profit.
Personal - Bought on technical analysis basis - good yield, PEG, P/E.
Will hold.
5. AOB
Two concerns were raised:
1) Lack of attendence by some members of the group is hampering share dealing. The bulls and cowboys have different strategies for buying / selling shares. The cowboys apply a 50% rule for those attending the weekly meeting to make purchase/sell decisions. The bulls apply a 50% rule for the whole group rule regardless of who attends weekly meetings. Consequently if less than 50% of the members meet, no decisions are possible without using e-mail.
2) Lack of new members / general interest. Chris was concerned that
the group was running out of fresh ideas and stagnating. Interest seems
to have waned now that the stock market is tracking sideways. He beleives
that an import of active new members would be beneficial.
Andy took an action to look through previous minutes to determine if they are rules / proceedures for dealing with members who do not attend a sufficient number of weekly / monthly meetings.