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Date and time: 8.00pm 7th October 2005 Venue: Mark de H's house Attendees: Andy "Cobbs" Robinson AGENDA 1. What we've sold MINUTES 1. What we've sold Rotork we made 20%, £201 2. Current prices
3. Dividends RIO £13.27 4. Adjust buy/sell Cairn Energy Move low sell to -1% of today's price to try and sell. Mitie move to -1% and +30% of today's price. RIO move low sell to +30% of buy price. 5. Paperwork None. 6. Homework Dave Hanley recommended Anglo-Irish Bank. 3SB 1B. High P/E excellent earnings growth. Risk analysis from Riskgrades.com show falling risk. Best of the banking sector as far as risk is concerned. Mark de H recommended Informa INF. Publishes industry through mags and journals. Steady sales price. 6SB 3B. Divi 2%. P/E 16. Academic journals doing well. Growth forecast well with 25% growth recommended 2006. JP recommended Egg internet bank. Share price fell 2003 but steady for 18 months. Large and early internet bank one million customers. No divi but steady price. Poss of takeover by ING which would value shares at 130, currently 106. Cobbs recommended CGNU Aviva Insurance firnm ex Norwich Union. CSFB advise outperform and will hit 694. Graph steady over last year. Divi 12B 10H 2S. Pablo recommended RBOS did well for us before. Divi 4.6%. 11Sb 6B 2N 1S. Just purchased new Hq in US for corporate division. Growth looks good, EPS looks good. £1.6B in Bank of China which is 10% of that bank. P/E low. Looks like a low point, set for price recovery. 7. Voting We voted on all the above. RBOS won. We will put £2300 at Monday's price, high/low sell 20%. 8. Next Meeting Mark's place on Saturday 3rd December. Poker game afterwards. All gurlies invited. Serious game with chips at 4pm, then meeting at 8pm, then fun poker game after that. ACTION ITEMS Action 1.Homework. Transport sector. Action by:All. JP Coetzee |