Griffin Speculators Investment Club
Minutes of meeting held on Wed 6th February 2002
Present: Paul Manning, Nick Walch, Mike Bell, Ian
Cosford, Richard Poole, Neil Hogg.
Apologies: Tim Bentley, Andy Slinn, Pauline Naylor,
Keith Burbanks, Jon Kitch
Previous Minutes:
Minutes of the monthly meeting of 9th January were approved.
Treasurer's Report:
The Treasurer reported the following figures :
HSBC : £728.26
Charles Schwab : £338.86
Petty Cash : £ 0.55
Total : £1067.64
Less
Admin. Fund : £ 32.85
Fantasy Share : £ 90.00
Total : £944.82
Net Assets : £7195.78
(77.41% of total current cash contributions since
inception)
Unit Price : £0.65
Additional Investment
There were no applications to purchase additional units or increase monthly
subscriptions.
Current Portfolio:
| Stock | No | Stop-Loss | Target |
| Atlantic Caspian Ord 5p | 5079 | None | Sell ½ at 15p |
| Cadbury Schweppes | 426 | 400p | Review |
| Chorion | 3948 | 20p | Track Monthly |
| Envesta | 2000 | None | None |
| Games Workshop | 266 | 530p | Target sell price 600p & track monthly |
| Just Group | 4965 | Suspended | Sell ½ at 20p |
| Lastminute.com | 35 | None | 64p |
| Hilton Group | 500 | 180p | Review April 2002 |
| Quintain Estates | 403 | 180p | Track |
| Rage Software | 2176 | None | Review monthly |
This Months Investment Decision
After discussion the meeting agreed to hold on to all current holdings and:
· raise stop loss on Quintain Estates and Hilton Group
· transfer £700 from HSBC Bank to Charles Schwab
Shares to watch next month
JD Wetherspoon
Wolverhampton & Dudley
Electronics Boutique
HBOS
Safeway
Tesco
AOB
None
Next Meeting
Wednesday 6th March 2002 at 12:30 pm in Room 2.