Meeting:

Monthly Meeting - January 2001

 

Held at:

The Brocklebank

Date:

18th January 2001

 

 

Time:

17:15 – 18:45

Prepared by

Kit P

 

Chairperson:

Geoff O’F

 

Present:

Chris B

 

 

Geoff O’F

 

 

Dave G

 

 

Kit P

 

 

Richard W

 

 

 

 

 

 

 

Apologies:

Adrian B

 

 

 

 

 

Distribution:

As above

 

 

Chairman’s Acceptance of Minutes

 


_____________________________________________


____ / _____ / ____

Signature

Date

 

 

 

 

1.              NEXT MEETING

Thursday 22nd February between 17:15 and 19:00.  Venue: The Brocklebank

2.              Minutes of previous meeting

The minutes from the last monthly meeting were accepted.

3.              ACTIONS FROM PREVIOUS MEETING

3.1            Actions Closed Since Last 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

0118: Closed as an ongoing activity

CLOSED

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

0118: Closed as an ongoing activity

CLOSED

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

0118: Completed

CLOSED

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

0118: Completed

CLOSED

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

CLOSED

CB/1218/01

Purchase HEADLAM

0118: Completed

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 month’s Llama winner is Dave with a 8.27% rise.

All to send their picks for this month to RW by the end of Sunday 22nd January.

6.              PORTFOlio Management

6.1                       Monthly Reports and Recommendations

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

Parity

HOLD – No point selling

Atlantic Caspian

HOLD - rising

ARM Holdings

HOLD – volatile, down 5.5% against sector down 8.5% - results due in 2 weeks

Science Systems

HOLD – down 4%, against sector down 3.9%

Cable & Wireless

HOLD – no report

Tibbett & Britten

HOLD

Templeton Emerging

HOLD – up 17%, shares up 5%

Delta

HOLD – up 3.8% against sector rise of 8.6% - “no surprises” on recent trading statement

Headlam

HOLD – rising – up 15% today

 

6.2                       Stop Loss Triggers

This section of the minutes will be removed once stop losses are added to the monthly report template.

6.3            New Buy Proposals

Two Buy Proposals were received, for AGGREKO (from Chris) and EXPRESS DAIRIES (from Dave).   The meeting discussed each and was not entirely convinced about the merit of either Proposal.  The meeting agreed to leave both Proposals for subsequent consideration when funds were available for a Buy.

6.3            Sell Proposals

None.

7.                           Competitions

Atlantic Caspian entered for MOS competition – has risen well – fingers crossed for a strike!

8.                           AOB

                 None

Actions carried forward to next meeting

Ref.

Description & Progress

Target Date

RW/1115/04

Update Monthly Report template to cover stop losses triggers section (and other enhancements) of the meeting can be dropped.

1218: No progress

0118: No progress

22/02/01

KP/0118/01

Put Strategy Discussion on the Agenda for next meeting

22/02/01

RW/0118/02

Prepare some points for Strategy Discussion

22/02/01

Proposed agenda for NEXT meeting.
 
RSIC Monthly Meeting - Thursday 22nd February between 17:15 and 19:00

Venue: The Brocklebank

0.      Date of Next Meeting (4 mins)
[Agree a date for the next meeting]

1.      Agenda Changes? (2 mins)
[Any items for AOB or any suggested reordering of agenda?]

2.      Minutes of last meeting (1 min)
[Any comments on minutes from 30th August meeting

3.      Actions from last meeting (20 mins)
[Progress on actions]

4.      Treasurer's Report (10 mins)

5.      Lucky Llama Competition (20 mins)
[Latest positions and any new buy/sell decisions]

6.      Portfolio Management (30 mins)
6.1 Monthly Report for each Company in Portfolio
6.2 Stop Loss Triggers (if any)
6.3 New Buy Proposals
6.4 Sell Proposals

7.      Competitions (10 mins)

8.      Discussion on Investment Strategy

9.      AOB