13th October 2000

Date and time: 8.00pm 13th October 2000

Venue: Mark's place, Frampton-on-Severn
Attendees: John Peprell
Andy "Cobbs" Robinson
Mark Nicholls
JP Nicholls
Paul "Pablo" Tompsett
Brett Ireson

AGENDA

1. New members
2. Share performance
3. Adjusting buy/sell
4. Homework
5. New purchase

MINUTES

1. Brett Ireson will be joining, Pablo will be joining. They will be sorting out bank stuff this week. Tim (Mark's brother-in-law) is interested. Paul's girlfriend's brother David is also interested.

Brett

Pablo

David

Tim

Mark explained the units, standing orders, rules, buy/sell prices etc. The standing order should go in on the 5th.Cobbs will be putting in £200 this week .

2.     Tadpole - We sold £500 worth when they hit 65, today they're at 59, +36%
        Photo-me - At 140, +46%
        Psion - 580, -14%
        Scottish and Newcastle - 454, +10%
        Express Dairies - We sold, we lost about £118

Total investment £2700, profit is £400, about 15% profit in 3 months which is cool.

We have £1049 cash in the club as of now.

3. Adjusting buy/sell prices. We should adjust low sell price of some shares to lock in profit.

Photo-Me low sell price to be 130 (was 65).
Psion low sell price to be 500, high sell price to be 850.
Express Dairies had a 16% dividend - this might be worth bearing in mind in future.
Tadpole low sell price to be 80.
Scottish and Newcastle low sell price to be 320, high sell 575

4. Homework.

Pharmeuticals (Bob). Overall seems a very expensive sector. Biotechs very high risk, shares vary massively particularly when trials go wrong. Skyepharma best recommendation, seemed very stable. However some personal info has put him off - leave clear.

Engineering (Cobbs). Sector has suffered with high pound. 3 seem OK.
Tomkins (TOMK) are an industrial equipment supplier. Have sacked managing director, which should lift them out the doldrums. Currently 161, year high 520.
Bodycote (BOY) coating and treating metals. Graph has been high with sharp dips but is low at the minute. New deal ith RR. Fool says good buy at the minute.
Henlys (HNL) successful reposition and restructuring. Reports are optimistic for the future. Graph up and down, low at the moment.

Software (John). Retail Decisions (RTD) at 136 today, provide end-to-end e-commerce solutions which combats fraudulent dealings. Announced a deal with Datacash. Internet dealing WILL increase. Friends have recommended investment in RTD. Brokers spread is 10p i.e. they're worried that they won't be able to shift the shares.

Entertainment (JP) Entertainment sector in general seems low. EMI (EMI) Time Warner deal failed shares dropped but could be ripe for takeover merger for company who wants to provide media content. Seem a bit big for that to me...
Granada Media (GME) take over United and Media. Recommended as Guru Pick by Uk-Invest.

Media (Mark) Bloomsbury Publishing have the rights to Harry Potter. Have we missed the boat? Tipped by Quantum Leap (stockmarket newsletter). Next year TV rights to Harry Potter will go out - will be huge.

WPP biggest outdoor advertising agency. Graph follows the media generally but is presently low so could be a good buy. 790 today

Scottish Radio Holdings blah blah blah we're not sure.

John and JP want to put CW in the vote. We think it's good bet - price is low now, but seem a solid company and involved in telecoms infrastructure rather than content. But what about this week's profit warnings?

We voted on

WPP - 8
Cable and Wireless - 10
Retail Decisions - 5
Bodycote - 7
Cable and Wireless and WPP win.

WPP buy price at less than 800 high sell price 1000 low sell 680 price.

CW buy price less than 900 high sell price 1150 low sell price 750

5. Next meeting Mark's place 29th November 2000.

6. Homework to be decided next week.

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