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Date and time: 8.00pm 1st June 2001Venue: Pablo's house Attendees: John Peprell Brett Ireson Paul "Pablo" Tompsett Mark Nicholls JP Nicholls Nick Brooks AGENDA1. Current prices 2. Adjust buy/sell 3. Homework 4. Next Meeting MINUTES1. Current Prices Fairey 550 +7% (now SPECTRIS, SXS) 5% up overall We are holding £231.64 cash. We will have over £500 by end of next week 2. Adjust Buy/Sell price RR low sell price currently 246, move to 245. We're selling it so we'll have about £1200. 3. Homework Bob recommends Stagecoach Holdings. Recent bad news following rail problems, but will benefit from BR payouts, and have promised to invest heavily. Have been awarded 20 year franchise to run SW trains. P/E of 9.15, earnings/share 13.03. Strongly recommended on Yahoo.JP recommends Bookham Technology (BHM - fibre optics and telecos infrastructure). Risen on the back of Alcatel/Lucent merger and may be ripe for take over. Recent announcement of Vodafone and BT to invest heavily in GPRS (fast mobile comms in advance of 3G) may also cause sector to rise, and provide business for Bookham. Evenly split buy/sell recommendations on Yahoo. P/E Earnings/share -25 for year 2000. JP also recommended Vodafone (VOD), who are more likely to succeed in the competition with BT to get GPRS in place. Problems in 3G rollout means more providers will look to GPRS to get high speed mobile comms in place quickly. P/E ratio 100 - high. Predicted earnings -25 against sector prediction of -64. Very strong recommendations from Yahoo. John recommended Minorplanet Systems (MPS) make vehicle tracking systems using GPS. Market Leader in the field in Europe, expanding globally and looking to take over US rival. Strong buy on Yahoo. P/E 479 - very high. Pablo recommends (Research Machines) RM suppliers IT to eductional market. Revenues up, expanding rapidly beyond targetted of 40% share of PC education market, education funding increasing. P/E 68.83. David recommends Medical House (MLH). New company, injections without a needle just like Star Trek. Volume 15000. No P/E - very speculative. Mark recommends Mitie Group (MTO). Building sector owning about 65 other companies - industrial cleaning, maintenance etc. Shares given to new companies (about 50% worker owned) joining the group so workers have an interest in success. Strongly recommended. Graph gone down. Recent share split so there may be some acquisition in the offing. P/E 28.91 vs. 18 for support services sector. We will sell RR shares Monday and use to buy shares in new company. We will have about £750 by July 15th, have another meeting then. We voted on all the above. Minorplanet Systems won. Current price 431. 4. Next meeting Thursday July 19th at Mark's ACTION ITEMSAction 1. Homework Action by: All |