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Date and time: 8pm 17th April 2007 Venue: Air Balloon, Birdlip Attendees: Andy "Cobbs" Robinson AGENDA 1. What we've sold MINUTES 1. What we've sold Go Ahead +45% £450 2. Current prices
3. Dividends
4. Adjust buy/sell Add 25% trailing stop loss to Renew Holdings. Mark suggested setting a stop loss buy for shares we have just sold. He'll look into it for the future. 5. Paperwork Mark gave out Investment Club Certificate tax returns. These should be sent to Tax Office if you have to fill in your own Tax Return. 6. Homework Tim recommended HSBC bank. Telegraph recommended today, "canny investors" have made a punt. Shares taken hit due to sub-prime problems in the US. Markets well-diversified around the globe. Cheap bank share. Also recommended by Motley Fool as Top 10 good value share. Divi 81c / share. Tim recommended Punch Taverns. Need another pub! 30% profit last time (Oct 2006). Profits and revenuesup y-on-y. 10B 2N 2S. PE 13.64. Divi 9p, about 1%? Tim recommended Tullow Oil, we had them a long time ago, made 19%. 6B 2H 5S. Oil exploration, lots of fields and prospecting. Divi 2p, PE 5. Pablo recommended West Pioneer Properties recommended Share magazine. Shopping centre and property dev in India. Based Bombay but can't raise money there so listed London. Huge opportunities in India for malls and shpping centre. Family owning the business has retail experience, property values soaring. Floated Dec and risen steadily. Mark de H recommended Ray Marine, supplier of marine electronics e.g. fish locator, autopilot. Supplies boat builders and refurb. Excellent demand esp. US and middle east. New products successful. Outsourcing has improved margins. Divi 2.4%. 3B 1N. Dropped recently? Mark de H recommended Datacash, recommended last time. [From last month: 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]. Share risen slightly since then but still a good buy? Mark N recommended RBS recently sold. Nearly same as sale price. Solid and safe. Mark N recommended Bloomsbury, we made 21% last time. Recently fell but rising again - Harry Potter effect? Mark recommended HBOS, growing steadily since 2001, not affected by things which have caused other banks problem (sub-prime). Fine breasts on the graph. Mark recommended Tesco. Mark N recommended Easyjet. Best of the low-cost airlines. Planes full and lots of customers. Mark N recommended Northern Rock. Very streamlined and so likely to overtake Abbey Nat and Lloyds. But are they screwing the first-time buyers? 7. Voting Voted on all the above. We have £13000 to spend. We will split: £4k into Easyjet EZJ £4k into HSBC HSBA £2k into West Pioneer Properties WPR £2k into HBOS HBOS £1k into Tullow Oil TLW Mark to buy ASAP. All set to low sell -20%, stop loss of 25%. 8. AOB 9. Next Meeting June 15th Mark de H's with casino visit. ACTION ITEMS Action 1. Look at setting stop loss buy for shares Action 2. Any ethical share JP Coetzee |
