Meeting:

Monthly Meeting - September 2001

 

Held at:

The Brocklebank

Date:

19th September 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 17rd October 2001 17:15 - 18:30

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

Status

CB/0425/02

Update Direct Debit to reflect RW revised contribution

0515: No progress

0615: Not known

0718: In progress

0828: Not known

COMPLETED

DG/0828/01

Send out rukes for new Llama format

COMPLETED

RW/0828/02

Send out “UB07” sector code

COMPLETED

ALL/0828/04

Look for DELTA Buy Proposal

COMPLETED

KP/0828/06

Remove Stop-Loss triggers from Agenda

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

Minor revisions to Dave’s rules were discussed.

6.              PORTFOlio Management

6.1                       Monthly Reports and Recommendations

Parity

HOLD

Atlantic Caspian

HOLD

Cable & Wireless

HOLD, +13.9% against sector +2.3% (mainly due to rise in VofoFone.  Howeverm C&W –12% on the dat of meeting

Tibbett & Britten

HOLD 

Templeton Emerging

HOLD

Delta

HOLD

Headlam

HOLD

Blick

HOLD

September-October Stop Losses

The following is the summary of stop loss positions for each stock in the “Fundamental” sub-portfolio.  The stop loss is invoked against the “end of day” price, but the sell decision may wait for the opening price to avoid rogue trades at the end of day.

Stock

Reportee

Price

Stop Loss

Exit Criteria

Delta

Adrian

 

 

 

TBT

Chris

 

 

 

BLK

Dave

 

 

 

HED

Kit

 

 

 

CW.

Richard

 

257.8

20% trailing

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

DG/0515/01

DG to summarise ProShare seminar

0615: No progress

0718: No progress

0828: No progress

0919: No progress

17/10/2001

ALL/0828/03

To complete exit criteria

0919: KP outstanding

17/10/2001

DG/0828/05

Add exit criteria to Buy Proposal

0919: DG to confirm whether the template has been updated

17/10/2001

DG/0919/01

DG to issue updated Llama rules

17/10/2001

DG/0919/02

DG to issue updated Llama rules

17/10/2001

KP/0919/03

KP to add stop loss summary to Minutes

17/10/2001

DG/0919/04

DG to add stop loss summary to Web site

17/10/2001

Proposed agenda for NEXT meeting.
 
RSIC Monthly Meeting - Wednsday 17th October 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