Minutes of May meeting
COLOMBO INVESTMENTS DATE :8ST MAY2000
AUTH : Peter Coles
PAGE : 1 OF 1
MEETING HELD :1ST MAY 2000 @ Colombo House
Attendees
Keith Sawyer Club Chairman Martin Sadler Club Treasurer Peter Coles Club Secretaryk Keith Norris Stan Kingston Dennis Morden Mitesh Patadia
Apologies
Garry Chaplin Harry Oranin Hassan Kadir Brian Hough Steve Grosch
Matter arising from previous meeting.
Club officers will be elected on a yearly bases. No vice officers elected ,either Garry Chaplin or Hassan Kadir will be standing in for any officer who is unable to attend meeting which ever role .
Yahoo e-mails ,Brian Hough still to confirm his e-mail address all other members confirmed set up.
Members have been reminded that Standing Orders to be set up to commence on 1st June 2000.
Treasurers report
See web site / portfolios
Also agreed by members not to buy low cost ie small amounts or penny shares due to buying & selling costs outweighing profits .
Investments
No selling of any shares have been agreed at this time.
For current holdings see portfolios.
Proposals for buying new share were:-PSION, BSKYB, WHITEBREAD, BR.AM.TOBACCO, M&S,
HAYS & CUBE8.COM..
Members voted & agreed to buy as main option Psion at max cost of £45 if over this price members have agreed to buy BskyB shares ..2nd buy option agreed would be Cube8.com approx 1000 shares.
Other business
Could members think about what stop loss limits we should set before the next meeting.
Date of next meeting
To be advised .
