Meeting:

Monthly Meeting - August 2000

 

Held at:

The Brocklebank

Date:

26th July 2000

 

 

Time:

17:15 – 18:45

Prepared by

Kit P

 

Chairperson:

Richard W

 

Present:

Chris B

 

 

Dave G

 

 

Geoff O’F

 

 

Kit P

 

 

Richard W

 

 

Adrian B

 

 

 

 

Apologies:

 

 

 

 

 

 

Distribution:

As above

 

 

Chairman’s Acceptance of Minutes

 


_____________________________________________


____ / _____ / ____

Signature

Date

 

 

 

 

1.              Minutes of previous meeting

The minutes from the monthly meeting of 26th July were accepted.

2.              Next Meeting

Wednesday 27th September between 17:00–19:00.  Venue: The Brocklebank.


3.              Actions from previous meeting

3.1            Actions Closed since last meeting

Ref.

Description & Progress

Target Date

ALL/1221/07

Consider what we could spend some of the Mirror prize money on to improve our education (e.g. books, subscriptions, data, etc.)

0111: Agreed it would be sensible to spend approx £200 on furthering our education.  All to consider what it could be useful to buy.

0216: RW looked at TechInvest newsletter and it is OK but unlikely that we will act on its tips straight away.  Consideration of purchase of InvestorEase is a possibility though ShareScope is worthy of a look into also.  Agreed to carry  forward action to next meeting

0322: Financial Freebies website has some potential ideas.  DG said that he was considering whether to attend one of the recently advertised Proshare seminars.  The Leeds one is 16th April.  All agreed that the club should cover the cost of this (£19.50) if DG wished to attend, as long as he wrote a report to summarise the seminar.

0419: RW would like to wait for an update to ShareScope in order to re-evaluate packages.

0525: RW email had stated that ShareScope was not worth pursuing but proposed that we purchase InvestorEase.  Proposal was that RW pays half the cost and the club pays the other half.  This was unanimously agreed.  RW to arrange purchase (see action RW/0525/02).   KP had noticed that Motley Fool had advertised an investment information manual which the club may wish to purchase.  KP to investigate further.

0626: KP sent out the link to the Motley Fool page.  Action kept open to keep us thinking about what we could spend the money on

0726: No progress

Closed

DG/0525/05

Add a new box to the Buy Proposal form to allow the Target Price level to be recorded.

0627: No progress

0726: outstanding?

0830: Complete

Closed

ALL/0627/01

As part of the Portfolio Management item on each of the future club meetings, each member to have previously submitted (by the Monday of the week of each meeting) a brief report summarising any news/analysis on one of our holdings.  In order that all the portfolio was covered, the following allocation of responsibilities was agreed:-

Chris B to look after ARM
Richard W to look after Science Systemsm Templeton
Geoff O’F to look after Atlantic Caspian
Dave G to look after Tibbet & Britten
Kit P to look after Cable & Wireless
Adrian B to look after Parity

All to produce their first summary reports by Monday before next meeting.

0726: Standing Action

0830:1 See action KP/0830/02

Closed

RW/0627/02

Consider rule changes for the Lucky Llama competition (possibly including incentives for real buy proposals and real cash prizes)

0726: Ideas in e-mail (action?)

0830: Competition launched.  Entries by Friday following the monthly meeting.  In this case, an extra week is allowed, but anyone who submits an entry by the first Friday will buy at the lower of the two prices.

Closed

CB/0627/03

Purchase £400 of Templeton Emerging Warrants

Closed

ALL/0726/01

Update standing orders with new bank details and confirm to Chris

Closed

RW/0726/02

Richard to investigate ComDirect

Closed

3.2            Actions Carried forward to Next Meeting                                  

See end of these minutes

4.                           Treasurer’s Report

4.1            REPORT SUMMARY

See Full Report

4.2            MATTERS ARISING FROM REPORT

None.

5.              Lucky Llama competition

See Full Report

6.              PORTFOlio Management

6.1            Stop Loss Triggers

 

Parity

HOLD

Atlantic Caspian

HOLD

ARM Holdings

HOLD

Science Systems

HOLD

Cable & Wireless

HOLD

Tibbett & Britten

HOLD

 

6.2            New Buy Proposals

No formal buy proposals submitted.

6.3            Sell Proposals

None.

7.                           Competitions

                

Publication

When Available

Format

Independent

Usually 1st Saturday

B and Bear for the given sector

Mirror

Wednesday mid month

Mark given 10 shares  as Higher-Lower

Express

Sporadic Wednesday

Mark given 5 shares  as Higher-Lower

Mail On Sunday

E-form due 1st Thursday

All Shares Biggest Riser

 

8.                           AOB

                 None


Actions carried forward to next meeting

Ref.

Description & Progress

Target Date

DG/1221/08

Send details of useful URLs to club members with brief description of each

0111: No progress

0216: CB and RW have suggested some useful URLs.  RW added that if you register (free) with www.fool.co.uk, the “MyFool” page presents some useful links.

0322: DG supplied a handout from SHARES magazine with some reviewed websites but action is still outstanding

0419: DG to put links on RSIC Website

0525: No progress since last meeting

0627: No progress – Website still needs updating

0726: No progress

0830: No progress

27/09/00

DG/0525/01

Put annual reports list onto website

0627: No progress

0726: No progress

0830: No progress

27/09/00

CB/0525/03

Complete tax form 185-1 for the club

0627: No progress

0726: awaiting posting

0830: Now progressing with form 185-2

27/09/00

RW/0830/01

Richard to send email to CB to recover 50% of the cost of InvestorEase

27/09/00

KP/0830/02

Update standard Portfolio Management section of the Agenda to include monitored company reports

27/09/00

CB/0830/03

Chris to confirm that all standing orders in force against new bank account

27/09/00