Meeting:

Monthly Meeting - December 2000

 

Held at:

The Brocklebank

Date:

18th December 2000

 

 

Time:

17:15 – 18:45

Prepared by

Kit P

 

Chairperson:

Geoff O’F

 

Present:

Chris B

 

 

Geoff O’F

 

 

Adrian B

 

 

Kit P

 

 

Richard W

 

 

 

 

 

 

 

Apologies:

Dave G

 

 

 

 

 

Distribution:

As above

 

 

Chairman’s Acceptance of Minutes

 


_____________________________________________


____ / _____ / ____

Signature

Date

 

 

 

 

1.              NEXT MEETING

Wednesday 17th January between 17:15 and 19:00.  Venue: The Brocklebank

2.              Minutes of previous meeting

The minutes from the monthly meeting of 16th October were accepted.

3.              ACTIONS FROM PREVIOUS MEETING

3.1            Actions Closed Since Last Meeting

Ref.

Description & Progress

Target Date

CB/1115/03

Purchase £800 of Cable and Wireless shares but only if share price is <£9.

1218: Purchased (see Treasurer’s Report)

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 handed out separately by CB.

4.2            Matters Arising From Report

None.

5.              Lucky Llama competition

This week’s Llama winner is me (Kit).  I have the Llama.

All to send their picks for this month to RW by the end of Tuesday 27th December.

6.              PORTFOlio Management

6.1                       Monthly Reports and Recommendations

Monthly reports had been produced in accordance with RW’s template.

Parity

HOLD – down 22%, sector down 21%

Atlantic Caspian

HOLD

ARM Holdings

HOLD – volatile, Motorola deal signed

Science Systems

HOLD – down 5%, sector down 20%

Cable & Wireless

HOLD

Tibbett & Britten

HOLD – down 7%, sector down 1.4% but this direct comparison is not helpful as the firm does not “fit” the sector well

Templeton Emerging

HOLD – no news – results due

Delta

HOLD – disposal of plumbing business - up 20%, sector down 5%

 

6.2                       Stop Loss Triggers

It was agreed that this section of the meeting would be unnecessary if the monthly reports covered stop losses.  RW actioned to update template for Monthly Report so that Stop Losses could be covered.

6.3            New Buy Proposals

The Buy Proposal for HEADLUM was accepted and CB actioned to purchase a £1,000 holding.

No limit price agreed.

6.3            Sell Proposals

None.

7.                           Competitions

No notes.

8.                           AOB

                 None

Actions carried forward to next meeting

Ref.

Description & Progress

Target Date

ALL/1016/03

Review links on Web site and send comments to Dave G about ‘why and what to look for on this link’.

1115: No progress though other updates to the web site (www.rsic.co.uk) have been made

1218: No progress

17/01/01

ALL/1016/04

Send details of any new Annual Reports held to Dave G to allow update of Web site.

1115: No progress

1218: No progress

18/12/00

KP/1016/05

Get the ProShare Web site password.

1115: No progress though DG has contacted ProshareClubs website management to try to obtain a copy of the password details for the club.

1218: No progress

17/01/01

DG/1115/01

Put the Monthly Report template and associate links onto the club website (but see also RW/1115/04 below)

1218: No progress

17/01/01

DG/1115/02

Send the details of the 1st new llama selections back to RW so that a lucky llama report can be produced

1218: No progress

17/01/01

RW/1115/04

Update Monthly Report template to cover stop losses so that the Stop Loss Triggers section of the meeting can be dropped.

1218: No progress

17/01/01

CB/1218/01

Purchase HEADLUM

17/01/01