Date and time: 8.00pm 20th January 2004

Venue: Mark's house

 

Attendees:    Tim Jordan
                    Andy "Cobbs" Robinson
                    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

Nowt

2. Current prices

BP +14%
CW -50%
KESA +25%
KGF +25%
MTO -18%
PILK -2%
PIX -5%
SMIN -3%
SVT +6%
TOPPS +11%
WOLV +34%
Overall -11%

3. Dividends

BP £ 8.67

MITIE £ 7.76

SVT £22.57

SMIN £ 6.40

4. Adjust buy/sell

None.

5. Paperwork

Mark handed out tax slips.

Mark told us about 5-for-1 split on shares. Price will go down but we'll get 5 times the number of shares.

6. Homework

Cobbs recommended Centurion Electronics. New company started January, tipped in share magazine Jan. Price has dropped since then, but market is still strong and growing. Sell to manufacturers. 2SB. PE 18.49 vs avg 13.5. Graph steady.

Cobbs recommended Glisten, recommended in another share magazine. Chocolate manufacturers similar to Thorntons, choc raisins and nuts. 3 years old, just acquired 3 related companies. Small volume of shares. 1SB, 1MB, 1H. No dividend. PE 22 vs avg 18.

Tim recommended SportingBet, online bookie company. recommended by today's Independent. Onlne poker to start soon. Profits quadrupled this year. Top 5 player in company. Regulation loosened up in Amer.ca. Shares doubled in last 6 months but predicted to go higher. 1SB, 1MB, 1H. No dividend. PE 13.92 vs avg 15.27.

Centurion Electronics and SportingBet drew. Cobbs and Tim settled it by cutting cards - high card wins. Centurion Electronics won

We have £565 to spend. Mark to buy shares, high and low sell +/-20%.

7. Next Meeting

June 15th at pub TBD

ACTION ITEMS

Action 1. Sort out forum linked to shareclub website.

Action by: JP

Action 2. Homework

Action by: All

JP Coetzee