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The Share Club of Great Hucklow |
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| Minutes of meeting held at the Queen Anne on Tuesday 27th
March 2001
Present In the chair : Paul Alderson 1. Election of Treasurer Jim Scott reported that Richard Johnson, whilst sober, had agreed to take on the role of Hon Treasurer and will be able to join our next meeting 2. Administration The secretary was severely reprimanded by the chairman for failing to produce an agenda 3. Minutes of last meeting The minutes from the last meeting were adopted as a true record of the previous meeting. The Secretary was asked to add an item relating to the cost of purchasing the Pro-share manual. It was agreed that the secretary should be re-imbursed £28.50 for the cost of this manual from club funds. 4. Discussion relating to appointment of stockbroker Peter Tapping and Jim Scott reported on a shortlist of three on line brokers – Sharepeople, Charles Schwabb and TD Waterhouse. None of these met all of our needs and Pete Tapping agreed to liase with Richard Johnson to agree the appointment of an online stockbroker. The meeting gave a mandate to make a decision and open an account on behalf of the club at the earliest opportunity. 5. Appointment of Bankers Decision to be linked with appointment of stockbroker 6. New Members of the club. It was agreed that new members can be introduced as soon as the club is operational. It was noted that several people in the village have expressed an interest to join 7. Payment of Subscriptions Initial payments to be made by cheque at next meeting and presented with completed Membership application 8. Investment The meeting considered telecoms as a most promising sector. Other areas for consideration were:- Electronics Telecoms masts and base stations Country bookstore Companies involved in research/production of animal vaccine, particularly associated with Foot & Mouth disease Companies involved in general animal welfare Vodka Revolution London Property market Paul specifically suggested Vodafone at a price of 207.5 and Jim suggested Bookham Technologies at 360 - both prices at close of business on 27 March 2001. Prices at the date of next meeting to be available. Paul produced a written rationale for his investment proposal together with a recent chart of the share’s performance thus setting a standard for future investment proposals. 9. Next Meeting There being no other business the meeting closed at 9.30pm The next meeting will be held at the QA at 8.30pm on Tuesday 10th April 2001. It was agreed that meetings would be held monthly on a Tuesday at 8.30pm.
Please note amended start time Update: Sharepeople will not accept cheques or standing orders from other than the two nominated account holders which renders them useless for us. |