Griffin Speculators Investment Club
Minutes of meeting held on Wed 6th March 2002
Present: Paul Manning, Nick Walch, Mike Bell, Ian
Cosford, Andy Slinn, Neil Hogg, Pauline Naylor.
Apologies: Tim Bentley, Richard Poole, Keith Burbanks,
Jon Kitch
Previous Minutes:
Minutes of the monthly meeting of 6th February were approved.
Treasurer's Report:
The Treasurer reported the following figures :
HSBC : £278.30
Charles Schwab : £1038.86
Petty Cash : £ 0.55
Total : £1317.71
Less
Admin. Fund : £ 32.85
Fantasy Share : £ 90.00
Total : £1194.86
Net Assets : £7688.39
(80.54% of total current cash contributions since
inception)
Unit Price : £0.67
The Treasurer was asked to issue a revised set of accounts to reflect the correct
'Change during Month' figures on the Monthly Assets statement.
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 | 430p | 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 Cadbury Schweppes
Shares to watch next month
It was agreed to track prices for the shares to watch
| Share Price | March Price | April Price | May Price | June Price | |
| JD Wetherspoon | 365p | ||||
| Wolverhampton & Dudley | 656.5p | ||||
| Electronics Boutique | 142.75p | ||||
| HBOS | 765.5p | ||||
| Safeway | 313.5p | ||||
| Tesco | 249.5p | ||||
| JJB Sports |
AOB
Our AGM will be held on Wednesday 22nd May at 12.30pm in CR2 Jubilee House 1.
Please make every effort to attend - it has to be quorate.
Members are requested to consider standing for officials posts next year.
The meeting agreed to take up the annual ProShare subscription. Andy Slinn to
be reimbursed the cost (£25) out of club's admin fund.
Next Meetings
Wednesday 3rd April 2002 at 12:30 pm in Room 2.
Please note Paul Manning is on holiday for this meeting and therefore the secretarial
rota comes into play - Mike Bell is next on the rota for minutes.
Wednesday 1st May 2002 at 12.30pm in Room 2
Wednesday 22nd May 2002 at 12.30pm in Room 2 (AGM)
Wednesday 5th June 2002 at 12.30pm in Room 2
Wednesday 3rd July 2002 at 12.30pm in Room 2
Wednesday 7th August 2002 at 12.30pm in Room 2
Please note your diaries with these meeting dates.