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Minutes of meeting - 27th January 2000

Minutes of Meetings of Ermyn Investment Club
27 January 2000

Present: DH, RM, GA, AH

  1. DH presented accounts showing current value at 73p. Currently £635 in bank
    Dividends paid by Ransom and Marks
  2. Agreed to hold Ransom for a further 5 weeks (get out if over 60p).
  3. GA produced a chart showing the growth of Michael Walters Share tips since Dec 11 indicating that he was very rarely wrong
  4. Last 6 wk Director purchases -
    Gt Portland Estates
    Heywood Williams
    South Staffs
    SSL
    Falkland Islands
    Ransom (3.12.99)
  5. Current portfolio
    Greenwich
    4000
    		sharesReview at 14p
    Desire
    80
    		sharesNo levels set
    Ransome
    1700
    		sharesStop loss 45p - Review at 60p
    M&S
    300
    		sharesReview at 375p
    Corp Svs
    750
    		sharesStop loss 95p - Review at 138p
    Scott & New
    160
    		shares
    Tepnel
    800
    		sharesHold no definite review price
  6. DH tabled a Form for review to be used for proposed purchase and reappraisal (SHARP - Share Appropriation and Reappraisal Process). All agreed to review and discuss at next meeting.
  7. All agreed to make an additional payment if a good prospect were to appear in the next few weeks.
Meeting ended 6.15 pm.


RM

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