Meeting:

Monthly Meeting - October 2001 Issue 2

 

Held at:

The Brocklebank

Date:

17th October 2001

 

 

Time:

17:15 – 18:45

Prepared by

Kit P

 

Chairperson:

Dave G

 

Present:

Adrian B

 

 

Richard W

 

 

Dave G

 

 

Kit P

 

 

 

 

Apologies:

None

 

 

Distribution:

Simon B

Adrian T

Chris B

 

 

Chairman’s Acceptance of Minutes

 


_____________________________________________


____ / _____ / ____

Signature

Date

 

 

 

 

1.              NEXT MEETING

Wednesday 14th November 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

DG/0828/05

Add exit criteria to Buy Proposal

0919: DG to confirm whether the template has been updated

COMPLETED

DG/0919/01

DG to issue updated Llama rules

COMPLETED

ALL/0828/03

To complete exit criteria

0919: KP outstanding

COMPLETED

KP/0919/03

KP to add stop loss summary to Minutes

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

This Month’s Winner: Richard

6.              PORTFOlio Management

6.1                       Monthly Reports and Recommendations

Parity

HOLD

Atlantic Caspian

HOLD

Cable & Wireless

HOLD, +12.9% against sector +10.9%

Tibbett & Britten

HOLD 

Templeton Emerging

HOLD

Delta

HOLD, -31% against –22% sector

Headlam

HOLD

Blick

HOLD

October-November 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

 

97.6

20% trailing

BLK

Dave

 

200

Impose a 10% trailing  at 300

HED

Kit

223

178.4

20% trailing

CW.

Richard

 

257.8

20% trailing

6.3            New Buy Proposals

The selection criteria for the Mechanical Portfolio yielded a number of stocks.

CYD was selected, at an amount of £800.

7.                           Competitions

Mirror competition entered.

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

1017: In progress

14/11/2001

DG/0919/04

DG to add stop loss summary to Web site

1017: No progress

14/11/2001

CB/1017/01

Give Richard £5 Llama prize

14/11/2001

CB/1017/02

Purchase CYD

14/11/2001

Proposed agenda for NEXT meeting.
 
RSIC Monthly Meeting - Wednsday 14th November 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