Debbie McDonnell, Steve Spence, Julie Grundy, Cynthia Brooke, Ann Nurse,
Mike Arkless, Di Lane, Rod Wood, Ron Pierce, Paul Holden
1) Terry has posted the monthly
position on the ExEC website for you all to view.
The overall position at the end of June was down to
just under parity, with 11 of the 18 companies losing during the month, and the
only significant gains being on MacDonald Hotels and Lattice.
2) We reviewed the recent
performance of various companies, decided not to sell any at the moment,
but we set a target price for Macdonald Hotels of 180p (to hold onto a gain
before it drifted away) and 220p to captalise on greater gains.
We also set a sell target for Computacenter of
420p.
3) With £530 available to invest,
but no strong recommendations, we decided not to invest, but to wait until
August.
in the meantime:
Roy will analyse Banks,
Peter will look at Hotels and Leisure,
Julian will watch the Travel sector (with an eye on
holidays no doubt)
Andrew will have a special interest in food (no change there then)
Terry is going to study Support services (a lot to keep him going)
and I will watch Construction for developments.
4) We are very interested in hearing some recommendations
from Paul, who has not been for quite for some time (or just hearing
from Paul or Ron would be nice!).
Also, we'd like to take the meeting up North in the near future, so to give
you some notice we'd like to hold the October ExEC at a venue suitable to
Paul and / or Ron, the date of 14th October was suggested.
Please come back with a suggestion.
5) Next meeting - I'd
like to hear which date in August is most convenient to everyone out of 5th
August, 2nd September or 9th September. I'm offering to host a barbeque on 5th
August at my house if that makes any difference to you.
Please advise me of attendance numbers on each
date.
Hope to see you in August, depending on responses.
Regards,
Phil