Minutes of the November 2008 ExEC meeting
held at The Marriot Hotel, Leicester 11th November 2008.

1. Present: Terry Emmony Phil Jones Gordon Moore
   
2. Apologies: Julian Kern Gordon Moore Cynthia Brooke Mike Arkless Julie Grundy Ann Nurse Peter Sweeney Debbie McDonnell Andrew Smillie Dan Robson Di Gluchowski
3. Latest News Unit value of portfolio has fallen over the summer with the global crisis, and we are now at 78.2p partially helped by the £3,937 that has been collected in cash and not invested.
4. Sales No sales this month.
5. Investments We wondered whether now might be a good time to start buying again, singling out our undervalued or very cheap companies for top ups.. We suggest we put £500 (or maybe more) into each of some of the following companies: Tesco, Centrica, National Grid, Marks & Spencer or Premier Food.
   I need your opinions as to which, how many companies and how much you want to invest. Please forward your votes to Terry as I'll be away for a few days.
6. Yesterday I received papers for a rights issue in RBS. We hold 854 shares and we are now entitled to buy 18 new shares at 65.5p for every 13 we already own. This would take £775 if we said yes.
   I need your votes to be with Terry by Tuesday 18th November for him to send the papers.
7. Next Meeting The next meeting will be January and we were thinking of an away few days / weekend in late January.
   Please let me know whether you're interested, when and where and I'll get some ideas together.

Phil
15/11/08