Meeting:	Monthly Meeting - June 2001
Held at:	The Brocklebank		Date:		15^th June 2001
			Time:		16:15 – 17:45
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

Annual General Meeting

Wednesday 18^th July 2001 17:15 - 19:00

Venue: Chez Richard

2. Minutes of previous meeting

The minutes from the last monthly meeting were accepted subject to minor revisions.

3. ACTIONS FROM PREVIOUS MEETING

3.1 Actions Closed Since Last Meeting

Ref.	Description & Progress	Status
KP/0425/01	Find Llama 0515: No progress	COMPLETE
CB/0515/02	Purchase BLICK	COMPLETE

3.2 Actions Carried forward to Next Meeting

See end of these minutes

4. Treasurer’s Report

4.1 Report Summary

Presented by Dave G

See Full Report handed out separately by CB.

4.2 Matters Arising From Report

None

5. Lucky Llama competition

GOF is this month’s winner. See separate Report to be sent out by RW.

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

6. PORTFOlio Management

6.1 Monthly Reports and Recommendations

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

Parity (AB)	HOLD – NWS
Atlantic Caspian (DG)	HOLD – NWS
Cable & Wireless (KP)	HOLD – no significant change this month
Tibbett & Britten (DG)	See Report – HOLD – no news
Templeton Emerging (CB)	HOLD – no significant change this month
Delta (?)	HOLD – no significant change this month
Headlam (?)	Rising - HOLD – Star performer
Blick (DG)	HOLD – too early

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

None submitted while strategy formulated

6.3 Sell Proposals

None

7. Competitions

ACA submitted for MOS

No wins this period…

8. AOB

None

9. Strategy Discussion

An extended discussion on the Strategy paper took place. Contributions are to be incorporated for subsequent review.

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 0425: No progress 0515: No progress 0615: No progress	18/07/2001
CB/0425/02	Update Direct Debit to reflect RW revised contribution 0515: No progress 0615: Not known	18/07/2001
DG/0515/01	DG to summarise ProShare seminar 0615: No progress	18/07/2001
CB/0615/01	Treasurer to reimburse DG for ProShare renewal	18/07/2001

Proposed agenda for NEXT meeting.

RSIC Monthly Meeting and AGM - Wednesday 18^th July between 17:15 and 19:00

Venue: Chez Richard

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. Lucky Llama Competition (10 mins)
[Latest positions and any new buy/sell decisions]

5. Chairman’s Annual Report (5 mins)

6. Treasurer's Monthly Report (10 mins)

7. Annual Accounts (10 mins)

8. Resignations and Elections (15 mins)

Elect Chairperson

Elect Honorary Treasurer

Elect Honorary Secretary

9. Appointment of Auditors (5 mins)

10. Reappoint banker (2 mins)

11. Reappoint stockbroker (2 mins)

12. 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

13. Competitions (10 mins)

14. AOB