Meeting:

Monthly Meeting and AGM - July 2001

 

Held at:

Chez Richard

Date:

18th July 2001

 

 

Time:

16:15 – 18:45

Prepared by

Kit P

 

Chairperson:

Richard W

 

Present:

Adrian B

 

 

Richard W

 

 

Dave G

 

 

Kit P

Chris B

Geoff O’F

 

 

 

 

Apologies:

None

 

 

Distribution:

As above

 

 

Chairman’s Acceptance of Minutes

 


_____________________________________________


____ / _____ / ____

Signature

Date

 

 

 

 

1.              NEXT MEETING

Thursday 23rd August 2001 17:15 - 18:30

Venue: The Brocklebank

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

CB/0615/01

Treasurer to reimburse DG for ProShare renewal

CPMPLETED

3.2            Actions Carried forward to Next Meeting                                  

See end of these minutes

4.                           Treasurer’s Report

4.1            Annual Report Summary

Overall the NRV fell £600, but with £2,500 subs and £1,000 prize money the real change is a fall of c£4,000.  See Full Report handed out separately by CB.

4.2            Matters Arising From Report

None

4.1            Audit Report

The Auditors approved the Accounts.  See Full Report handed out separately by AB.

5.              Lucky Llama competition

Yet again GOF is this month’s winner, culminating in a Manchester United like Championship victory.  See separate Report to be sent out by RW.

End of Competition Summary

Name

Annual Return

Geoff

29.5

Adrian

16.9

Dave

9.0

Kit

8.7

Richard

7.8

Chris

-19.1

6.              PORTFOlio Management

6.1                       Monthly Reports and Recommendations

Parity (AB)

HOLD – NWS (Speculative)

Atlantic Caspian (DG)

HOLD – NWS (Speculative)

Cable & Wireless (KP)

HOLD – (Fundamental)

Tibbett & Britten (DG)

HOLD – slightly up (Fundamental)

Suggested SL at £7.00 with 10% floating SL commencing at £8.00

Templeton Emerging (CB)

HOLD – no significant change this month (Speculative)

Delta (?)

HOLD – +20% (Fundamental)

Headlam (RW)

HOLD – no significant change this month (Fundamental)

Blick (DG)

HOLD – down 7% against –15% sector (Fundamental)

Monthly Report Owner

Following the agreement of the new (sub Portfolio) strategy, Monthly Reports will be prepared only for investments in the Fundamental Portfolio.

Name

Stock

Adrian

Delta

Chris

TBT

Dave

BLK

Kit

HED

Richard

CW.

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

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

0718: No progress

18/07/2001

CB/0425/02

Update Direct Debit to reflect RW revised contribution

0515: No progress

0615: Not known

0718: In progress

18/07/2001

DG/0515/01

DG to summarise ProShare seminar

0615: No progress

0718: No progress

18/07/2001

ALL/0718/01

The recommended Portfolio balance requires addition in the Speculative sub Portfolio.  ALL to look out for candidate stocks.

23/08/2001

RW/0718/03

Richard to “come back” mechanical strategy

23/08/2001

Proposed agenda for NEXT meeting.
 
RSIC Monthly Meeting - Thursday 23rd August 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