Next Meeting

The next meeting will be 8:00pm Monday 21 May 2012 at the Holden Arms.

Categories

Recent Visitors

12 October 2008 AGM

12 October 2008 AGM

BELCOMBE INVESTMENT CLUB

Minutes of the Annual General Meeting held 13.30 on Sunday 12th Octber 2008, at The Holden Vale, Helmshore

1. Attendance

All members were present except Mike, Pat, Ros & Gill from whom apologies were received

2. Minutes of the meeting held 4th November 2007

These were circulated to the members prior to the meeting. At the meeting, Nigel proposed that they be accepted as a true record and Tina seconded the proposal. This was agreed unanimously.

3. Matters arising from the minutes

None

4. Treasurer’s Report

Over the last year, the FTSE 100 had moved from 6721.6 on 31st October 2007 to 3932.06 on 10th October 2008 a fall of 41.5%. Over the same period, the value of the club’s unit had fallen from 505.2p to 331.3p, a fall of 34.5%.

During the tax year dividends of £1224.35 had been received and accounted for to the Tax Office and each member has been issued with the appropriate Tax Certificate to include with their Tax Return. For the previous Tax Year, the dividends received had been £1243.

Our working arrangements with self trade have proceeded smoothly with “stop-loss” orders being activated regularly.

5. Auditors Report

Stephen reported that everything was fine.

6. Appointment of Officers

Sam proposed that the all the existing officers should continue in their posts, this was seconded by Tina and agreed unanimously

7. Any other business

None