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