Griffin Speculators Investment Club

MINUTES

Griffin Speculators Investment Club

Minutes of meeting held on Wed 9th January 2002

Present: Paul Manning, Nick Walch, Mike Bell, Ian Cosford, Andy Slinn, Richard Poole, Jon Kitch, Neil Hogg, Keith Burbanks.

Apologies: Tim Bentley

Absent: Pauline Naylor

Previous Minutes:

Minutes of the monthly meeting of 5th December were approved.

Treasurer's Report:

The Treasurer reported the following figures :

HSBC : £478.22
Charles Schwab : £338.86
Petty Cash : £ 0.55

Total : £817.63

Less
Admin. Fund : £ 32.85
Fantasy Share : £ 90.00

Total : £694.78

Net Assets : £7253.76
(80.19% of total current cash contributions since
inception)

Unit Price : £0.68

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 4414 Suspended Sell ½ at 20p
Lastminute.com 35 None 64p
Hilton Group 500 170p Review April 2002
Quintain Estates 403 170p Track
Rage Software 2176 None Review monthly
       

This Months Investment Decision

After discussion the meeting agreed to hold on to all current holdings and:

· adjust stop loss on Quintain Estates and Hilton Group
· set stop loss on Games Workshop
· set target price for Games Workshop

Shares to watch next month

Bloomsbury Publishing
Cable & Wireless
Electronics Boutique
HBOS
Safeway
Tesco

Last minute.com

Removed from Agenda. Nick Walch has found his ahare cert and will transfer to the club. Target is to sell at 64p.

AOB

None

Next Meeting

February monthly meeting Wednesday 6th 2002 at 12:30 pm in CR2 Jubilee House.