Here are the minutes of the meeting held at the Griffin in Plumtree, Sunday, 17 October

Present:
Julian Kern, Terry Emmony, Phil Jones, Ann Nurse  

Apologies: Mike Arkless, Di Gluchowski, Peter Sweeney, Debbie McDonnell, Cynthia Brooke, Steve Spence.
Dan Robson, Julie Grundy, Andrew Smillie, Gordon Moore

Latest News
Our unit value has gone from previous all time high on the day of the AGM in May of 116.9p we reached a new all time highon Friday 15th Sept of 119.7p  the fund value sits at more than £31,800. Over the intervening period our unit value has increased by 2.5% while the FTSE has gone down by 3%. We hold shares in 31 different companies, and we had 18 companies in profit.

Sales
We decided to sell our Tate & Lyle shares which were showing £337 profit, or 56% leaving us with an initial £2500 to invest.

Investments
We considered Worthington Nicholls (a small Air conditioning company), Broker Network, BG, Diageo and Premier foods. We decided to buy Worthington Nicholls £900, Diageo £800 and Premier Foods £800, and then decided to invest in BG, by selling our National Grid shares which were showing a £140 or 12% profit.

Future
The next meeting will be Sunday 17th December at Julian's house for a Christmas party.
I'll let you have details closer to the time.

Phil