Date and time: 8.00pm 9th March 2004

Venue: Gloucester Old Spot nr. Cheltenham

Attendees:    John Peprell
                    Paul "Pablo" Tompsett
                    Mark Nicholls
                    JP Coetzee

AGENDA

1. What we've sold
2. Current prices
3. Dividends
4. Adjust buy/sell
5. Paperwork
6. Homework
7. Next Meeting

MINUTES

1. What we've sold

Nothing

2. Current prices

BP + 4%
CW -50%
DCF -17%
KESA +24%
KGF +24%
MTO -15%
PILK +11%
PIX - 4%
SMIN - 9%
SVT + 2%
TOPPS + 1%
WOLV +35%

7 shares in profit!

Unit value is 67 this month, up from 66 last month.

3. Dividends

WOLV £33

4. Adjust buy/sell

WOLV decided to lock in the profit.

Move low sell to £825, our original high sell price, and high sell to tomorrows price +20%. Including dividends we are up 40% on this one.

5. Paperwork

None

6. Homework

None needed this month because we don't have any money to spend.

Cobbs recommended looking at Sunderland FC. They are likely to get to FA Cup final and maybe to the Premiership, which will get them into Europe which will increase profits. Footie shares can be very dubious to play with, more investigation needed.

7. Next Meeting

Friday April 30th at Mark's place. Poker game.

ACTION ITEMS

Action 1. Homework by all.

Action by: All

JP Coetzee