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Minutes of Meeting of The Investment Team Shareclub
Date and time: 29th April 2008
Venue: Air Balloon, Birdlip, Glos
Attendees: Andy "Cobbs" Robinson
Paul "Pablo" Tompsett
Mark Nicholls
JP Coetzee
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
1. What we've sold
Biffa was bought out by private equity, made 31%.
2. Current prices
|
3IN |
1148 |
108.80 |
1248.97 |
113.25 |
£1,288 |
3% |
|
AIGG |
385 |
311.19 |
1198.07 |
396.00 |
£1,513 |
26% |
|
AUG |
939 |
106.45 |
999.57 |
78.00 |
£720 |
-28% |
|
AVV |
117 |
1060.23 |
1240.47 |
1,188.00 |
£1,378 |
11% |
|
CNA |
468 |
384.31 |
1798.58 |
296.00 |
£1,373 |
-24% |
|
HSBA |
431 |
927.18 |
£3,996.15 |
870.00 |
£3,738 |
-6% |
|
LCTY |
74 |
1609.22 |
£1,190.82 |
2,060.00 |
£1,512 |
27% |
|
LRUS |
39 |
3007.28 |
£1,172.84 |
2,929.00 |
£1,130 |
-4% |
|
QQ |
1062 |
190.26 |
£2,020.57 |
193.00 |
£2,038 |
1% |
|
RNWH |
2213 |
90.34 |
£1,999.21 |
107.00 |
£2,356 |
18% |
|
UU |
162 |
737.81 |
£1,195.26 |
714.00 |
£1,145 |
-4% |
Unit price 97.83
3. Dividends
None
4. Adjust buy/sell
AIGG is -28%
Centrica -24%
No changes ATM
5. Paperwork
No.
6. Homework
The theme is infrastructure.
Mark N recommended UK Coal UKC. 7% of UK's energy needs, 5 deep mines. 3SB. PE
10.5. Tipped a lot recently in many papers. Profits x4 this year; new colliery
opened.
Cobbs recommended Gas Turbine Efficiency GTE, aviation and power industries. Eco
friendly. Recommended Sunday Times. Cap £23M. Graph fairly steady over the year,
risen at bit recently.
Mark de H recommended Peter Hambro Mining POG, Russian gold mining. PE 18. Gold
price soared recently. Gold yield up 14% last year, productivity up 15% in
largest mine. Target 1M ounces in next 2-3 years. Cap £1.2B. Divi 0.3%. 3SB 2N.
Tipped in Money Observer Magazine. Graph steady.
Mark de H recommended Dana Petroleum DNX, discovered oil in North Sea. Sands.
Expected profits of £106M. 40% increase in production. Oil price expected to
rise. PE 34.6. No divi? 4SB 1B 4N 1SS.
Ferrexpo, Ukrainian iron miner, pellets of iron. Efficiencies maintained despite
adverse conditions. Shares rose on news of a rise of 90% average in the prices
for their products. Analysts predicted 87% rise. Divi 0.4%. Cap £2.3B.
7. Voting
We have £3800 to spend.
Agreed £800 into Cobbs dodgy pot (GTE), £1500 into 2 other shares. UK
Coal UKC and Dana Petroleum DNX.
8. AOB
9. Next Meeting
Saturday 21st June 2008 at Mark and Fran's. Poker game after. Partners invited.
ACTION ITEMS
Action 1. The share has to have some relevance to China. Investing in China,
supplying to China, whatever. Rice, steel, copper, telecoms, property, finance.
Action by: All
JP Coetzee
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