Minutes of meeting - 12th November 1999
Minutes of Meetings of Ermyn Investment Club
12 & 15 November 1999
Present: DH, RM, GA, AH
- DH showed comparison of REFS top 10 companies which showed average growth May 98 to Nov 99 at 63%. Agreed to follow up with Directors buys over last 6 weeks.
- Further prospects reviewed -
Safeway buy at £1.90
Boots - £6.00
M & S buy again at £2.50
Also looked at Aberdeen and BT
RM recommended buying Tepnel as a flyer - announcement soon that would drive price up to over £1.00. These were purchased after the meeting (800 shares at 80.5).
AH suggested S & N as a further purchase as shares had dropped below £5. Also Lynx who were already growing and F Cooper Metals.
Current portfolio Greenwich 4000shares Review at 14p Desire 80shares No levels set Ransome 1700shares Stop loss 45p - Review at 60p M&S 300shares Review at 375p Corp Svs 750shares Stop loss 95p - Review at 138p Scott & New 160shares Tepnel 800shares Sell at 101p
Follow on meeting of 15.11.99 produced agreement to purchase McAlpine as they had featured in the most recent Director purchases. These were purchased that day (350 shares at £2.25).
RM
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