Minutes of the meeting held on Sunday 16th May 2004 at The Griffin, Plumtree.

Present:
Julian Kern, Terry Emmony, Phil Jones, Steve Spence, Peter Sweeney, Gordon Moore.

Apologies:
Mike Arkless, Di Gluchowski, Debbie McDonnell, Andrew Smillie, Cynthia Brooke, Steve Spence, Dan Robson,
Ann Nurse, Julie Grundy, Cynthia Brooke.

Terry reported that the value of the portfolio had peaked at 87.1p on 13/5/04.
We set high and low trigger points for many of the shares on the portfolio, at which point we will email all members and ask for opinions on whether we should sell to protect profits already made or minimise losses. (we have already seen 2 of those price triggers reached, one low, Centrica and one high, Marks and Spencer)

We considered selling Shell, as well as investing further in Games Workshop.
With £961 available to invest we considered proposals from members present.
Medical Solutions, a cancer research company, Gentech, Tate & Lyle, McArthy & Stone, and Country & Metro, a development company.

We decided to invest £500 in Country & Met as well as £450 in Medical Solutions
We also decided to dilute the average price of Thus for little investment, with £100 if the price was 30p or less on 1st June.

For the selling price high and low triggers see the portfolio valuation at the website www.execinvestments.co.uk

Next meeting will be on 18th July at Warhammer World at the Games Workshop site in Lenton. More details closer to the time, but food and drink will be available as will the opportunity to see what the company does.

I hope to see you there.

Cheers,

Phil