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OICs of 
Devon
Minutes 12 April 2002

Present: Bonnie Blackwell (Hostess), Dacre Holloway, Brenda Noble, David Redfern, Mike West, Gwilys Price, Marian Thornton
Apologies: Bruce Beacham, Martin Smith, David Pankhurst, John Winson

Minutes of Previous Meeting
These were approved and signed.

Matters Arising
Marion had won the monthly share competition, her share Thorntons had gained 7.05% during the period since the last meeting. Members were asked to update their choice for the next 4 weeks. The details of our portfolio on the Hemscott website had been updated to reflect our recent purchase of shares in Persimon.

Treasurers Report
There was a balance of £375.

Share Monitors Reports
Members were given a copy of our portfolio. An up-to-date Stop Loss sheet was not available. Because of the absence of some members it was not possible to be brought up to date on the recent news for all of our current holdings. Our holding in JJB would still be monitored closely over the next month. It was agreed to continue all our other holdings for another month and to consider selling some of our shares in Intercare to realise some of our profit.

Dealers Report
Nothing to report. It was decided not to make any purchases this month.

Future Investments
The following shares put forward at the last meeting were discussed plus the following new options:
Gwilys - Colt Telecom, Mitel Corporation
Marion - GUS, Kingfisher
Brenda - Barrets
David Redfern - Amersham
Bonnie - Capita
Dacre - Regus, British Telecom
Mike West - British Airways

Any Other Business
None.

Next Meeting
This will be as previously notified on Friday 17 May 2002 hosted by David Pankhurst. As this is the AGM members are asked to make every effort to attend.

Signed:

Date: 17 May 2002

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