Minutes of the meeting held on 10^th November 2003 at Number One Central Social Club

Present: M. McElhone, P. Naughton, M. McAloon,  K. Rainbow, J. Murray, M. Naughton

Apologies: K.McElhone, D. Clarke

Late: S. Smith

No pastries: S. Smith

1.Minutes of Previous Meeting

Minutes from last monthly meeting were “left at home with the pies” by Mr. Smith, who acted as secretary last month. Up to a point.

2.Treasurer’s Report

Value of each share in the club: 44.9p (up 0.3p on October)

iDealing Account:£881.55

LloydsTSB Account: £321.34

Value of total assets of the club: 811.88

19606 units issued

Dividends received this month: Rank £7.68

                                                  LloydsTSB £16.15

                                                  Dominick Hunter £6.60

There is currently £100 in the fund for a night out next summer.

A cheque for £295 was issued to former member Gary Lovett, who has decided to sell his shares in the club. The rest of us continue to live the dream…

3. Investment and Dealing

A small amount of research produced

two interesting options for members:

·         ROMAG – a company making bulletproof glass, based in Leadgate

·         3DM WORLDWIDE – environmentally friendly moulders of a new kind of plastic. (The Daily Mail had a piece about them, which mentioned Evel Knievel…)

One predictable option:

·         GREGGS – no pies, no shares… not even in the Day- old Shop on Westgate Road

One traditional option:

·         VIVID VIDEO – purveyors of Grumbleflicks to the masses

One pisstake option:

·         LEEDS UNITED – fading premiership outfit and sometime monkey sanctuary

…and one horse:

·         *****’s *** - running in 2 weeks at Southwell. We had to go anonymous on this one for fear of attracting the attention of the Jockey Club. Watch the website nearer the time, punters…

Anyway the attraction of bulletproof glass and the thought of “putting a bit back” into a local firm was irresistible and a unanimous vote went in favour of ROMAG.

4. Any Other Business

The website was again praised, this time as “lovely, especially the mouserunning thing”, where you run your cursor over a picture and it changes.

5. Date and Time of Next Meeting:

Monday 8^th December 2003

Meeting closed 9.25pm

Minutes of the meeting held on 8^th September 2003 at Number One Central Social Club

Present: M. McElhone, P. Naughton, S. Smith, M. McAloon,  K. Rainbow

Apologies: K.McElhone

1.Minutes of Previous Meeting

Minutes from last 3 monthly meetings accepted as a true record and signed by the treasurer.

2.Treasurer’s Report

Value of each share in the club: 45.5p (highest since 8//7/02)

iDealing Account:£404.74

LloydsTSB Account: £518.34

Value of total assets of the club: £8687.91

19018 units issued

Dividends received this month: S & N: £52 (our largest dividend so far)

3. Investment and Dealing

·         Thanks to the excellent horse tipping of members Smith and Rainbow, the £250 that was taken for the “Annual Shareclub Night Out”, was actually returned intact, and has been deposited in the iDealing account for the benefit of all members.

·         Enquiries have shown that “warrants” in Griffin Mining (God Bless them) represent the right to buy a certain number of shares (in our case 200) at the bargain basement knock-down price of 12p. If this proves true then it was the opinion of the meeting that we should indeed fill our boots… well it is only 24 quid…

·         Selling: As we anticipated, the growth of some of our holdings (arf, arf) has now put us in the position to sell. It was agreed that 2 holdings should be sold, Domnick Hunter (up 36%) and Peacock Group (up 38%). Details of exact figures may appear on the ever-amusing website (www. no1shareclub.co.uk) and will be available at the next meeting.

·         With all this raking in of overdue profit, it was agreed that we should make 2 buys this month. In the first round of voting TESCO (Paddy) defeated Griffin (Marty), Scottish Utilities (Smithy) and Provident Financial (Beef),

·         A second, incredibly tense vote saw Griffin (oh Lordy…) prevail over Scottish Utilities, Merseyrail and Lastminute.com., a purchase which Beef described as “exhilarating”.

·         There’s gold in them thar hills… Grasshopper…

·         There will be enough money from sales of stocks and subscriptions to buy for the next few months.

4. Any Other Business

 Potential new member Ged Naughton is impressed by the trip to the dogs and the gags on the website and freely admits, “I know ***k all about shares and that”… he is definitely one for the future.

It is hoped that there will be more time for pastry next month as Smithy failed to come up with the goods this time. It was generally felt that he is now so high up in Greggs that delivery should be actively considered.

5. Date and Time of Next Meeting:

Monday 13^th October 2003

Meeting closed 9.55pm

Minutes of the meeting held on 11^th August 2003 at Number One Central Social Club

Present: M. McElhone, P. Naughton, S. Smith, M. McAloon, D. Clarke, K. Rainbow, J. Murray, C. Young

Apologies: K.McElhone

1.Minutes of Previous Meeting

Same old story, but they’ll be ready for next month.

2.Treasurer’s Report

Value of each share in the club: 42.4p

iDealing Account:£102.74

LloydsTSB Account: £482.23

Value of total assets of the club: £7844.32 (including £305 in the “Christmas” fund…)

18482 units issued

Dividends received this month: PEACOCKS: £15.60

3. Investment and Dealing

·         We will be in a position to buy next month.

·         Now that things are healthier, it was agreed that we should discuss selling shares and the “stop-loss” at next month’s meeting too.

·         We have 200 “warrants” with Griffin Mining, can we find out what that means?

4. Any Other Business

The bus for the races night out will leave Wetherspoons at 4.30pm on Friday 22^nd August and expects to be back in Consett around 9pm.

The website is entertaining everybody…

It was suggested that since Smithy is now an employee of Gregg’s, he should get the buffet in for each meeting, or at least a few sausage rolls, otherwise he might find himself subject to a hostile takeover…

5. Date and Time of Next Meeting:

Monday 8^th September 2003 8.30pm

Meeting closed 9.20pm

Minutes of the meeting held on 14^th July 2003 at Number One Central Social Club

Present: M. McElhone, P. Naughton, S. Smith, M. McAloon, D. Clarke, J. Murray,

Apologies: K.McElhone, M. Naughton

1.Minutes of Previous Meeting

These were not available as the secretary has been very busy, right, but they are on the website…

2.Treasurer’s Report

Value of each share in the club: 40.7p (the highest it has been for a year)

iDealing Account:£595.35

LloydsTSB Account: £222.23

Value of total assets of the club: £7317.56

17898 units issued

Dividends received this month: SAGE: 99p

                                                    M: 596p

                                                   TESCO: 866p

It was also mentioned that our old friend TOROTRAK …never fall in love with a share… was looking lively at the moment and had been tipped in the Daily Express.