Apologies:
Phil Ainsley,Andy Davies,Les Watson
Absent:
Franz Fuchs
Agenda:
No share sells.
Purchase
TT Electronics for £998.45 (Cowboys)
| Name of Company | No shares | Average price | Total Cost | Selling price | Net selling value | Profit or loss to date | Change during month | % | |
| Cowboys | Assocd Brit Ports |
241
|
414.52
|
998.99
|
462
|
1100.92
|
114.43
|
46.39
|
4%
|
| Isoft |
294
|
339.26
|
997.43
|
371.75
|
1080.45
|
83.02
|
-61.74
|
-6%
|
|
| Hardys & Hansons |
143
|
424.33
|
606.79
|
525
|
738.25
|
131.46
|
32.89
|
4%
|
|
| Kelda |
245
|
396.83
|
972.24
|
557.5
|
1353.38
|
381.14
|
47.78
|
4%
|
|
| UK Coal |
641
|
155.82
|
998.78
|
153
|
968.23
|
-30.55
|
-70.51
|
-7%
|
|
| Scot Power |
234
|
434.62
|
1017.00
|
438.75
|
1014.18
|
-2.82
|
27.5
|
3%
|
|
| TT El;ectronics | 578 | 173 | 998.45 | 172 | 981.66 | -16.79 | -16.79 | -2% | |
| Bulls | Bovis Homes |
223
|
447.81
|
998.61
|
511
|
1127.03
|
128.42
|
-85.86
|
-8%
|
| Brown (N) Group |
800
|
124.06
|
992.50
|
128.5
|
1015.50
|
23.00
|
160.00
|
16%
|
|
| Creative Education |
9825
|
10.18
|
999.91
|
4.75
|
454.19
|
-545.72
|
24.56
|
5%
|
|
| Eckoch Technology |
2000
|
39.13
|
782.56
|
8.75
|
162.50
|
-620.06
|
20.00
|
12%
|
|
| London Stock Exch |
265
|
376.54
|
997.82
|
364.25
|
952.76
|
-45.06
|
41.73
|
4%
|
|
| Pennon Group |
150
|
678.17
|
1017.25
|
920
|
1367.50
|
350.25
|
84.00
|
6%
|
|
| Personal |
525
|
190.95
|
1002.49
|
205
|
1063.75
|
61.26
|
105.00
|
10%
|
|
| Rank |
385
|
259.73
|
999.97
|
286
|
1088.60
|
88.63
|
9.62
|
1%
|
|
| Royal Doulton |
6361
|
12.14
|
771.97
|
10.25
|
639.50
|
-132.47
|
222.63
|
35%
|
|
|
15152.76
|
15108.40
|
-187.56
|
587.20
|
4%
|
Unit price climbs from 103 to 108p.
Cowboys:
Scottish Power - fallen this month and close to stop loss, being carefully monitored.
Associated British Ports - nothing new to report.
Isoft - nothing to report
Hardys and Hansons - keeps on edging upwards
Kelda - Lost 5% last week. May consider selling. Do the bulls want to make a serious offer to purchase this share? They will put in to the vote at their next meeting.
UK Coal - Recovering since 2002. On a 14% stop loss (currently 148). Continuing upwards
TT Electronics - new share purchase.
The group have also purchased HSBC and Whitbread this month (November) and these will appear in the next minutes. The shares were bought on a new strategy that involves calulating the ratio of reward over risk.
Cowboys have no money left. They have been buying shares on the run up to Christmas because traditionally that is when share prices tend to grow.
Bulls:
Not many meeting since Cyril left. Need to re-organise the group. Will not be done until next month, because this is normally when the members and shares get reorganised.
Creative - Still buying and expanding. Very volatile, still not profitable
Pennon Group - nice utility company edging upwards.
Good month for bull shares. They are close to catching the cowboys.
The club is holding the most shares it has ever held (18) , which is almost 2 per member.
Chris - It is worth analysing the shares we hace in terms of sectors covered? No decisions on this comment minuted.
Cyril still holds signature for some of the clubs accounts. He also
is the main signoff at the stockbroker. Action needs to be taken to rectify
this. No minutes were made actioning any one person to do this.
5. AOB
Chris reiterated his belief in the need for new blood.
Are we keen to keep the team splits now that we are down to 10? It was decided to make the decision next month
The third monday in December is the first day of the Zarlink shutdown.
It was decided to hold Decembers meeting a week early on the 13th December.
Geoff to investigate the discrepancies between the unit price between
September and Octobers treasurer's reports.