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Minutes of Meeting of The Investment Team ShareclubDate and time: 8.00pm 11th January 2002 Venue: Ship Aground Attendees:John Peprell AGENDA1. Current prices 2. Adjust buy/sell 3. Homework 4. AOB MINUTES1. Current Prices TLW +1% 2. Adjust Buy/Sell No adjustment 3. Homework Cobbs looked at Hilton Group HG.L (see previous). Graph still high, not as high as previous. Still might have to wait.Pablo recommended Easyjet EZJ. Raised 93 million for new planes. Will bring jobs to UK. Going for business passengers and bigger airports, more routes. Graph quite high now. PE 30, against sector average of about 16. More people going to specific destinations instead of package holidays. 6 Strong buys, 3 moderate, 1 hold, 1 strong sell. Cash assets strong, low debts. Cheap airlines doing well post Sept 11.John recommended Tomkins TOMK. Engineering group, industrial, automotive, aviation, construction. Risen since September; big dividend 12p/share. Graph falling until end 2001, now rising. 2nd or 3rd best performance in sector. 4 Strong buys, 7 Holds, 2 Strong sells. 4% dividend?Bob recommended Dixons. Mobile phones crap, DVDs etc up by 6% and Dixons will make the most of the market. Shares fell after Xmas. Graph steady over last ready. 12 buys, 8 holds, 4 sells. Maybe wait a month to see how it goes post Xmas.Mark recommended Sunday Times-tipped Health Clinic HEC. Eye surgery, dentistry, massage, acupuncture. Eye surgery is increasing, plus more people going cosmetic stuff. Graph steady, risen recently. Turnover rising rapidly. PE 87 vs sector average 25. Up 6% today. We voted on Easyjet, Tomkins, Hiton, Dixons and Health Clinic. Easyjet won. Price now 461, buy tomorrow. 4. AOB Next meeting Ship Aground, Friday 8th February, card game after! Mark pointed out that he had moved to House on the Hill, Marden and will inform Bank and Brokers accordingly. ACTION ITEMS Action 1. Try and put in 30 per month if your not doing so already. Action by: All JP Nicholls |