Minutes of meeting - 26th October 1999
Minutes of Meeting of Ermyn Investment Club
26 October 1999
Present: DH, RM, GA, AH
- DH suggested setting stop loss and sell levels at time of purchase
- Agreed to sell M&S at £4 with possible further purchase at £2.50 ?
- Booker & AEA sold on 18/10 at an estimated profit of £250
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 - DH analysis shows that Directors sales have outweighed the purchases - Sell £193m, Buy £17m.
Potential candidates put forward for further research were Scottish Power, Carillion, Scottish & Newcastle, Hiscox, Aberdeen Asset Management. - Sales that have produced £2140. Agreed to review potential purchases over next few days with a view to a major purchase.
Meeting ended 2.15pm.
RM
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