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Minutes of Meeting of The Investment Team Shareclub
Date and time: 23rd Oct 2007 Venue: Air Balloon Attendees: Andy "Cobbs" Robinson
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 Tullow we made 60% £585 2. Current prices
3. Dividends
4. Adjust buy/sell
No
5. Paperwork
We've been asked by Barclays to send some personal documentation for legal purposes. Mark N, JPC, Pablo, Cobbs and Johnny P to provide passport photocopies and get them certified by Baclays bank and give to Mark next meeting.
6. Homework
iShares. Basically these are "collections" of shares which are managed and invested in as a package. They will be good to broaden our portfolio, as an addition to other shares.
Cobbs recommended Grains and Softs (sugar, coffee, soyabeans etc) which tracks the Dow Jones AIG (agricultural index). Tickers AIGG (soyabens, corn ,wheat) and AIGS (cotton, coffee, sugar). Both run by ETF Securities, both done well in last 3 years.
Edgar recommended 2 Froggie-managed funds run by Lixor, traded on LSE. 1. Russia Titans 10 tracks 10 largest companies in Russia (Gazprom, banks, telecoms). Graph steadily risen over last5 years.
Edgar also recommended Commodities CRB tracks whole global commodities market (i.e. metals, fuels, soft commodities, pork bellies and orange juice etc etc) from around the world.
Rudi recommended a Canadian iShare. CAN$ very strong currency compared to US$. Canada has vast resources and is also stable politically. TSE-XEG, holds energy funds (gas, oil, mining ncl oil sands). If we can't get TSE-XEG because it's not LSE, Rudi recommended UUI United Utilities.
7. Voting
We agreed on the following
LCTY - Froggie-managed commodities LRUS - Froggie-managed Russian Top 10 AIGG - Grains
We voted on some randomly recommended shares in case we can't get TSE-XEG (as it's not LSE) - United Utilites won.
We will put £1200 into each ASAP.
8. AOB
Rudi asks that we look at the ADVFN login and portfolio and fill in shares we're interested in.
Johnny P might be leaving the club, needs funds for moving. Next month? Does he want to be a silent member?
We should look at positions to SELL. Next meeting we will discuss but limit the discussion to 20 minutes.
9. Next Meeting
Saturday November 17th 2007, at Marks place. Meeting at 5pm, poker game before and after.
ACTION ITEMS
Action 1. Mark to add extra column to spreadsheet to reflect stop loss as %age of CURRENT price so that when he updates stop loss it will move appropriately.
Action by: Mark Nicholls
Action 2. Certified copies of passports, stamped by a branch of Barclays.
Action by: Mark N, JPC, Pablo, Cobbs, Johnny P
Action 3. Resend and explain ADVFN portfolio details
Action by: Edgar
Action 4. Investigate online version of COW
Action by: Edgar.
Action 5. Think about selling a share, max 20m discussion.
Action by: All
JP Coetzee |
