Date and time: 8.00pm 13th Feb 2001
Venue: Mark's house
Attendees: John Peprell
Andy "Cobbs" Robinson
Brett Ireson
Paul "Pablo" Tompsett
Mark Nicholls
JP Nicholls
AGENDA
1. Current prices
2. Adjust buy/sell
3. Dividend Information
4. Homework - Meanings
5. Homework - Companies
6. AOB
7. Next Meeting
MINUTES
1. Current prices
Tadpole
+37% 59.25
Rolls-Royce
+3% 199.75
WPP
-3% 810.00
Cable+Wireless
-9% 822
Kewill
-8% 350
Celltech
+38% 1437
Unit Price 1.06
2. Adjust Buy/Sell prices
Celltech
Current low sell 800, adjust to 1300
Current High sell 1500, raise to 1999
Kewill
Current low sell 290, adjust to 300
3. Dividend Information
RR pays dividend in May and October. Last issue was 3.6%.
Might be worth bearing in mind.
WPP pays dividend November and June, last was 0.4%.
C+W pays dividend January and July, last was 1.8%
Cobbsy will keep an eye on this.
4. Homework - Meanings
What should we be comparing to make a decision?
Mark has put these on the website.
Need more research to find out what we should be looking
for.
Cobbs to circulate a page from Yahoo where you can set up the parameters you are
looking for in the company information.
5. Homework - Companies
We're not buying anything this month, but still talked bollocks anyway.
John
Still keeping an eye on Screen - still making expansion plans, though the price
is dropping. Will look again next month.
Brett
Innogy has gone from 190 to 200. Presently signing 50000 contracts a week,
mostly gas, some electric. Looking to expand into telecoms and insurance.
Sponsoring test cricket, Premiership footie an the Bill drama on TV. About to
make an acquisition??? This will be a major expansion.
Cobbs
Energis - Energy supply
Exl - haulage
SFI Group - Pubs and hotels. Recommended strong buy
JP
Accidentally looked at the wrong Dyson - industrial chems. Interesting graph,
keep an eye on it.
Pablo
Alphameric - Merchandising EPOS, logistical software and retail to retail sector
in Europe and US. Strong performance despite making 4 acquisitions. Big profits
last year, £18M cash. Pre-tax profit up from £0.9M to £3.5M, dividend from
0.5p to 1.5p
6. AOB
John received a mail from Proshare. Proshare competition for best
portfolio - £3000 for shareclub members, £15000 for individuals. Closes April
9th.
All to identify share for this competition by next meeting.
Mark
New members have to sign documents - rules of the club and constitution. We have
to vote, nominate and sign them up.
Filled in for Pablo, David, Brett and Tim.
Initial Lump Sum clause to be removed. Unanimously carried.
The unit valuation for lump sums is to be changed. Mark to circulate and vote
at next meeting.
Signatures and cheques currently 2 from bank account to broker. To be changed
to 1. Unanimously carried.
Buying through brokers. Credit period changed by law from T+5 to T+3. This
means it's no longer easy to trade on credit so we won't do this anymore. Cheque
to clear before we trade. Unanimously carried.
Mark to register the titshareclub domain with Nominet UK.
7. Next meeting
Pub NEXT TO the Old MillHouse, Wednesday March 7th.
ACTION ITEMS
Action 1. Identify share for Fantasy Competition.
Action by: All
Action 2. New shares for next time
Action by: All
Action 3. Register Titshareclub domain name.
Action by: Mark.
JP Nicholls 13th February 2001
