9th February 2007
Home Up

 

Minutes of Meeting of The Investment Team Shareclub
 
Date and time: 9th February 2007


Venue:    Pablo's house


Attendees:   Andy "Cobbs" Robinson
                  Paul "Pablo" Tompsett
                  Mark Nicholls
                  JP Coetzee
                  John Peprell
                  Mark de Hora

 
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
 
Welcome back PABLOOOOOO!!!!!!
 
1. What we've sold
 
Brinkley Mining -20% £153
Balfour Beatty +23% £667
 

2. Current prices
 
 
  Price Total 09-Feb-07 Total  
No (p) Invested Bid Worth %
      Price    
AND 650 153.80 999.71 208 £1,352 35%
BLND 117 1698.38 1987.1 1627 £1,904 -4%
GNK 280 1069.94 2995.82 1156 £3,237 8%
GOG 62 1608.26 £997.12 2328.00 £1,443 45%
HSP 474 421.62 £1,998.46 463.00 £2,195 10%
MCA 461 389.94 £1,797.62 591.00 £2,725 52%
NG 333 598.90 £1,994.35 782.00 £2,604 31%
QQ 1062 190.26 £2,020.57 200.00 £2,124 5%
RBS 205 1788.69 £3,666.81 2141.00 £4,389 20%
RNWH 2213 90.34 £1,999.21 86.00 £1,903 -5%
WOS 91 1094.10 £995.63 1350.00 £1,229 23%

3. Dividends
 
 

4. Adjust buy/sell
 
Add 25% trailing stop loss to National Grid NG.
Add 25% trailing stop loss to Aberdeen Angus AND..
 

5. Paperwork
 
No.
 

6. Homework
 
Mark de H. recommended Renew Holdings household goods, specialist
construction services, nuclear power plant refurbishment. Increased turnover,
 £202M book order. Price up 91% last year. Good management group in place.
1SB. Recommended for growth in Shares mgazine. P/E 9 - undervalued
 
Mark de H. recommended Datacash, provide support services to ecommerce.
Payment service across the internet. Price collapsed after gambling act but
recovered.  Refocussing away from US. Listed on AIM. Internet spending
increasing. Buying another internet transaction provider Netcash. 1SB.
 
Pablo recommended British Land (BLND). Property company. Clever tax scheme to
help investors invest in land without paying so much tax. New law
facilitating this kind of investment benefits property-owning companies like
Greene King? P/E 46. 4SB 2B 2H. £11BN portfolio. Chairman recently changed,
new chairman is chairman of FTSE.
 
Pablo recommended Tesco TSCO. We all know what they do. Many strong
recommendations, always paying good dividends. Opened in China, recently
opened small stores in the States. Graph steadily rising. 10B 10H 2S.
 
Mark recommends putting some money into one of the shares which only has
£1000 in it. Or maybe one of our strong companies - RBOS?
 

7. Voting
 
We have £5500. We decided to put £1500 into one of our present companies,
£2000 into two of the others.
 
We will put £2000 into British Land BLND and Renew Holdings RNWH.
 
£1500 into RBOS, keep current buy/sell stop loss.
 
BLND low sell -20%. 
RNWH low sell -20%.
 

8. AOB
 
None
 

9. Next Meeting
 
April 17th, Air Balloon. If we sell we'll arrange another meeting.
 
ACTION ITEMS
 
Action 1. Homework.
 
Action by: All
 
JP Coetzee
 

--
JP Coetzee  /  jpc@mooses.co.uk