Minutes of the March 2008 meeting held at The Pearl, West Bridgford 16th March 2008.

Present:
Terry Emmony, Phil Jones, Gordon Moore

Apologies:
Julian Kern, Cynthia Brooke, Mike Arkless, Julie Grundy, Ann Nurse, Peter Sweeney, Debbie McDonnell
Andrew Smillie, Dan Robson, Di Gluchowski

Latest News
Sadly Steve Spence has decided to leave the club and we decided on how much we could reimburse him now, with the remainder in a couple of months time.
The unit value has dropped to 108.1p after the recent turmoil. Although as Gordon was at pains to point out, we are still about double the value we were at in March 2003 !
For details of the portfolio look at the website, which if you have lost the address is: www.execinvestments.co.uk/clubpages/value.htm

Sales
No sales this month.

Investments
With the current market turmoil continuing we decided not to invest this month.

Other matters
Medical Solutions have changed their name to Source Bioscience.
Reuters is being taken over by Thomson, and while it will provide cash for shares we also had a choice of Thomson shares or a loan from Thomson with interest. With potential difficulties in selling Thomson shares (traded in Canada) in the back of our minds we decided on the loan, which we can cash in sometime after June 2009.

Finally, our first ever shareholder benefits have been received, some money off vouchers from Marks & Spencer.
They need to be used before end March 2008, so if anyone is considering spending £50 on mens or womenswear, £75 on Home products or £100 online at M&S let me know and I'll send the vouchers (worth £5, £7.50 or £10 off respectively) first come first served!

Next Meeting
We decided to aim for end of April for the next meeting, I'll let you know more details closer to the time

Phil