Minutes from the April ExEC meeting held at The Pearl , West Bridgford on 2nd April 2006.  

Present: Terry Emmony, Phil Jones, Julian Kern, Gordon Moore, Julie Grundy, Ann Nurse  

Apologies: Mike Arkless, Dan Robson, Andrew Smillie,  Peter Sweeney, Cynthia Brooke, Steve Spence, Di Gluchowski  
No Response: Debbie McDonnell      

Latest News Our unit value has gone from 110.3p at the January meeting to 115.5p. The all time high of 117 was reached in March now the highest value for several years. There is now around £29,200 in the fund, all members well in profit, the portfolio is also now in profit of £552.
February was the best month ever rising 4.1%, while the FTSE 100 rose 0.5%.
We held shares in 30 different companies, and we had 19 companies in profit, with a further 4 making a loss of less than 5% in share value terms.  

Sales We desided to sell Centre Parcs which had reached a profit of 13%, JKX Oil & Gas (all profit) and Volex with 39% profit.  

Investments
We considered McAlpine, Barratt, Persimmon, Crest, Acal, TT Electronics, Abacus, Alliance Pharma, Johnsons, PM Group and BG .

We decided to invest £800 each in McAlpine, Abacus and Alliance Pharma.      

The next meeting will be the AGM on the weekend of 6th/ 7th May, venue TBA.

I hope to see you there

Phil