Minutes from the January ExEC meeting held at Little India, Arnesby on 25th January 2006.

Present:
Terry Emmony, Phil Jones, Julian Kern

Apologies:
Mike Arkless, Gordon Moore, Julie Grundy, Dan Robson, Andrew Smillie, Ann Nurse, Peter Sweeney
Cynthia Brooke, Steve Spence

No Response:
Debbie McDonnell, Di Gluchowski

Latest News
Our unit value has gone from 100.7p at the November meeting to 110.3p now the highest value for several years, there is now around £27,400 in the fund, all members well in profit.
We held shares in 27 different companies, and we had 17 companies in profit, with a further 3 making less than 7% or lower loss in share value terms.

Sales
With JKX Oil & Gas showing a whopping 141% profit we decided to sell some shares, in fact 155, meaning we took out our original £550 investment, leaving 200 shares, effectively free.
We also put low sell price targets on virtually all shares, around 90% of the share values on 25th January (for a full list see the website).

If any of you have objections to these values please let us know, otherwise these low sell prices will become automatic sell prices, rather than the trigger to ask everyone whether we should sell, they really become our stop loss positions to protect us if the market starts dropping.

Investments
We considered Cookson, BG, National Grid, Croma group and Games workshop, and we decided to invest £1,200 in National Grid and £500 in each of Croma Group and Games Workshop.

Future
The next meeting will be the AGM. We want to make it an away weekend as in recent years. Possible weekends are March 11th/12th and March 18th/19th.
Initial suggestions were Cambridge and the Peak district.
Please tell me which weekend you can make and votes / ideas for venues.

I hope to see you there for a review of what must have been our most successful year so far.

Phil