Meeting:	Monthly Meeting - August 2001
Held at:	The Brocklebank		Date:		28^th Augyst 2001
			Time:		17:15 – 18:45
Prepared by		Kit P
Chairperson:	Dave G
Present:	Adrian B
	Richard W
	Dave G
	Kit P Chris B
Apologies:	None
Distribution:	As above
Chairman’s Acceptance of Minutes
_____________________________________________				____ / _____ / ____
Signature				Date

1. NEXT MEETING

Wednesday 19^rd September 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
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	COMPLETED
ALL/0718/01	The recommended Portfolio balance requires addition in the Speculative sub Portfolio. ALL to look out for candidate stocks.	COMPLETED
RW/0718/03	Richard to “come back” mechanical strategy	COMPLETED

3.2 Actions Carried forward to Next Meeting

See end of these minutes

4. Treasurer’s Report

4.1 Annual Report Summary

See Report

4.2 Matters Arising From Report

None

5. Lucky Llama competition

New Competition Format discussed

6. PORTFOlio Management

6.1 Monthly Reports and Recommendations

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

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.

6.3 New Buy Proposals

Richard submitted a Buy Proposal for London Clubs against the Speculative sub portfolio.

The Proposal was accepted.

7. Competitions

ACA submitted for MOS

No wins this period…

8. AOB

None

Actions carried forward to next meeting

Ref.	Description & Progress	Target Date
CB/0425/02	Update Direct Debit to reflect RW revised contribution 0515: No progress 0615: Not known 0718: In progress 0828: Not known	19/08/2001
DG/0515/01	DG to summarise ProShare seminar 0615: No progress 0718: No progress 0828: No progress	19/08/2001
DG/0928/01	Send out rukes for new Llama format	19/08/2001
RW/0928/02	Send out “UB07” sector code	19/08/2001
ALL/0928/03	To complete exit criteria	19/08/2001
ALL/0928/04	Look for DELTA Buy Proposal	19/08/2001
DG/0928/05	Add exit criteria to Buy Proposal	19/08/2001
KP/0928/06	Remove Stop-Loss triggers from Agenda	19/08/2001

Proposed agenda for NEXT meeting.

RSIC Monthly Meeting - Wednsday 28th September 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 New Buy Proposals

7. Competitions (10 mins)

8. AOB