Meeting:	Monthly Meeting - March 2001
Held at:	The Brocklebank		Date:		15^th March 2001
			Time:		17:15 – 18:45
Prepared by		Kit P
Chairperson:	Richard W
Present:	Adrian B
	Richard W
	Dave G
	Kit P
Apologies:	Geoff O’F Chris B
Distribution:	As above
Chairman’s Acceptance of Minutes
_____________________________________________				____ / _____ / ____
Signature				Date

1. NEXT MEETING

Wednesday 25^th April 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
RW/0118/02	Prepare some points for Strategy Discussion 0222: No progress	Completed
CB/0222/01	Sell SSY – Bid £5.50	Completed

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

See Full Report

All to send their picks for this month to RW by the following Sunday evening.

6. PORTFOlio Management

6.1 Monthly Reports and Recommendations

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

Parity	HOLD
Atlantic Caspian	HOLD
ARM Holdings	HOLD
Cable & Wireless	HOLD
Tibbett & Britten	HOLD
Templeton Emerging	HOLD
Delta	HOLD
Headlam	HOLD

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

No new Buy Proposals discussed

6.3 Sell Proposals

The meeting agreed a proposal to sell the full holding of ARM – profits taking given continuing fall.

7. Competitions

No notes

8. AOB

The meeting agreed to renew the ProShare subscription for 1 year.

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 0222: No progress 0315: No progress???	25/04/2001
CB/0315/01	Sell ARM	25/04/2001
DG/0315/02	Renew ProShare subscription	25/04/2001

Proposed agenda for NEXT meeting.

RSIC Monthly Meeting - Wednesday 25^th April 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 previous meeting

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

4. Treasurer's Report (10 mins)

5. Lucky Llama Competition (10 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. AOB