Minutes:

Minutes of the meeting of the 13th May 1998, held in TC7 at 6:30pm:

Present: Paul Garcia, Neil Barron, Meera Thavasothy, John Ford, Martin Ayub, Steve Mantz Apologies: Keith Longmuir, Jenny Crossfield By Phone: Steve Walker

John distributed graphs of our share performances, which you can view on the web sites, addresses.

Minutes of last meeting were reviewed. Unit value is now: 0.964

The number of units for everyone except Keith, has been equalised at 474, Keith has 476.

Prices this month are: JJB - 522.5, Asda - 190.25, National Express - 1047.5, SFI - 217.5, Treats - 116, Signet - 45.75.

We sold Psion this month at 260p, after it fell below our stop loss price, returning £476.40 to the club.

This money was invested in Signet 1037 share at 46.5p as we agreed at the previous meeting.

We bought 875 Treats shares at 112p each as agreed last month.

JJB has recovered slightly since last month. There has been some director buying of shares in JJB, and prospects look good for a similar company. There's also the prospect of the World Cup. You can look at the up-to-date prices of our portfolio at any time at http://www.ft.com using the login = lifer2 , Password = stircrazy (sorry about those, it was an interesting evening when we set it up!)

Meera and John discussed defensive share buying, i.e. shares which would be good to hold in a generally falling market.

John suggested making the share tips earlier in the meetings, so we did.

Keith (by proxy) offered Body Shop as a speculative purchase.

Neil presented Lynx again as a purchase.

Steve Walker suggested Delta. After a long drawn out deliberation, we decided to buy £1500 worth of Delta shares.

Paul suggested an informal meeting (i.e. down the pub). If any days are suitable for you, mail Paul.

Martin Ayub,
Secretary.