MEETING HELD 5/12/01 18:00 @ ROSE & CROWN

 ATTENDEES

Keith Sawyer   - Club Chairman

Martin Sadler  - Club Treasurer

Peter Coles      - Club Secretary

Garry Chaplin, Harry Oranin,

Keith Norris, Brian Hough, Stan Kingston.

 CHAIRMANS REPORT

Since the last meeting there has been a few changes in our portfolio, due to the running stop losses BP & JJB SPORT hit their lower limit & were sold with BP being bought back at a low price of £5.59.

BBB were also sold to take advantage of the low price MARCONI shares had fallen too, we bought 3240 MARCONI shares at 30.94p. With the sale of JJB SPORT it left us with money in the pot so we took advantage of the falling price of BBB of 288.75p & bought 350 shares.

Some members of the club are having trouble getting their e-mails. Can the members being affected please confirm their preferred e-mail site.

 TREASURERS REPORT

£30 to be use from our running cost pot for tonight’s hospitality  (food & drink).

 Current share holdings on the day: - 

Total subscriptions             £9996.00

Total assets                      £6699.00

Total loss                          £3297.00

NOTE: - At present CUBE 8 GROUP share have been suspended due to possible buyout/take-over.

SHARE CHAMPION REPORT / HOLD BUY OR SELL

Bradford & Bingley: - Share stable. Half year results are good, upward trend. First interim dividend of 4.3p paying out £15.05. HOLD

 BT GROUP:- Lots of changes / de-merging of share. Also the announcement of 13000 jobs to go.Share need to settle down before any real decision can be taken. HOLD.

 C/P WAREHOUSE: - Shares stable with an upward tend. HOLD

 CUBE8 GROUP: - Shares suspended possible reverse take-over bid. HOLD.

 PSION: - What can we say BAD DEAL! Now very slowly rising. HOLD.

 VODAFONE: - Good share at present & rising. HOLD.

 TESCO: - We bought we sold & bought again current price down. Shares are not doing much to make us any profit. AGREED TO SELL ASAP.

 MARCONI: - At last a share that is making some headway to make us a profit currently up we agreed to set a low getout price of 25p  & hopefully if they do pass the price of 50p & keep going up we will only sell if they start to drop back again with our low limit then being 50p. HOLD.

 MMO2: - Shares showing an upward trend & are seen to be a good buy. HOLD.

NOMINATION FOR NEXT SHARE & PURCHASE

We had 4 shares nominated for our next purchase: -

 VOTING WAS PUT TO THE MEMBERS & BRIT AIRWAYS WILL BE OUR NEXT PURCHASE.

 ANY OTHER BUSNESS

The next meeting will be arranged for about the end of March early April.