Date and time: 8pm, 24th Jan 2006

Venue: Air Balloon Pub, Birdlip
 

Attendees:     Paul "Pablo" Tompsett
                        Mark Nicholls
                        JP Coetzee
                        Mark de Hora
                        David Hanley
                        Tim Jordan

AGENDA

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

MINUTES

1. What we've sold

BDH Brandon Tool Hire, +30%, £2000 sold.

2. Current prices

Unit price: 98.38
 

3. Dividends

Carnival £6.51
Wolseley £15.14
Balfour Beatty £29.96
Majestic Wines £15.87
BAA £12.47

4. Adjust buy/sell

MGNS is at +31% now, put +30% trading stop loss on to lock in profit.

RBOS raise to +30% and when it hits +20% put trading stop loss on it.

5. Paperwork

None.

6. Homework

We have £3000 to spend.

Bob recommended Photo Me (photo machines). Recent profit warning sent shares down but could be a good punt. Did well last time. 2B. PE around 15.

Dave and Mark de Hora recommended Rio Tinto, mining. Sold 2 or 3 months ago making a profit. Steady upward climb in price. Good dividends. 9SB 3B 7N 1SS. Good long term share. Made 30%.

Dave recommended McCarthy Stone, retirement homes (specialist building sector) in an ageing population. Broker recommendation. Always do well. Made 30% last time. 1sb 2b 8n 1s 1ss. PE 6.4.

Tim recommended Wolseley, trade plumbing supplier. Moving into electricalstuff. Tipped in Telegraph. Growing quickly, going into US, huge distribution warehouses for trade plumbing market. 11b 3h 2s. PE 19.27. Divi 2%+.

JP recommended SABMiller, breweries and spirits. we had them in 2002 and made X% after the bought US giant Miller. Since then they have risen steadily. Tipped to win auction for large Indian Brewery. Recently invested $45million in rapidly growing Vietnamese market. 11sb 4b 7n 1ss. Divi 2.6% in 2005, 2.7% in 2004.

7. Voting

We voted on all the above.

SAB Miller and Wolseley won.

We will put £2000 in SAB Miller, £1000 in Wolseley.

SAB Miller high/low sell +30%/-20%. Wolseley match with current tranche.

8. AOB

Tax returns need for Mark Nicholls.

9. Next Meeting

Churchill Pub, Swindon, Thursday 9th March so that Bob can come. It's just of Junction 16 on the Wootton Bassett side.

If we don't sell a share in the interim, we will vote to sell one of our current shares to allow us to buy a new share on the night.

Next meetings share must be a utility i.e. water or gas or electricity. Not telecoms. Another share can be recommended but a utility MUST be recommended and a utility will be bought. ie.e we will only buy non-utility if we buy two shares.

ACTION ITEMS

Action 1. Homework

Action by: All

Action 2. Tax returns.

Action by: All, nagged by Mark N.

JP Coetzee