Meeting:

Monthly Meeting - November 2001

 

Held at:

The Brocklebank

Date:

20th November 2001

 

 

Time:

17:15 – 18:45

Prepared by

Kit P

 

Chairperson:

Richard W

 

Present:

Chris B

 

 

Richard W

 

 

Adrian T

 

 

Kit P

 

 

 

 

Apologies:

None

 

 

Distribution:

Simon B

Adrian B

Dave G

 

 

 

Chairman’s Acceptance of Minutes

 


_____________________________________________


____ / _____ / ____

Signature

Date

 

 

 

 

1.              NEXT MEETING

Wednesday 12th December 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/1017/02

Purchase CYD

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 – all improved except ACA by the 12th (date that report was issued) and subsequently

4.2            Matters Arising From Report

None

5.              Lucky Llama competition

This Month’s Winner: Chris

6.              PORTFOlio Management

6.1                       Monthly Reports and Recommendations

Parity

HOLD, NWS

Atlantic Caspian

HOLD, NWS

Cable & Wireless

HOLD, Interim results issued, proposed to pay 11.5p special dividend and to buy back 15% of capital

Templeton Emerging

HOLD

Headlam

HOLD

Blick

HOLD

Stop Loss Triggers at November 12th

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

BLK

Dave

228

200

Impose a 10% trailing  at 300

HED

Kit

245

196

20% trailing

CW.

Richard

331

264.8

20% trailing

6.3            New Buy Proposals

Discussion of Dave’s Buy Proposal was deferred until next meeting.

7.                           Competitions

None

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

1120: In progress

12/12/2001

DG/0919/04

DG to add stop loss summary to Web site

1017: No progress

1120: In progress

12/12/2001

CB/1017/01

Give Richard and Chris a £5 Llama prize

1120: In progress

12/12/2001

RW/1120/01

Contact CS about contract note for Delta

12/12/2001

ALL/1120/02

To review and update mechanical portfolio weightings as per Richard’s email

12/12/2001

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