Report for August 2005

Many transactions this month:

1. We sold 455 Tesco shares for £1490.
2. We sold all our 92 BT shares for £192.
3. We bought 4830 African Platinum shares for £1017.
4. We bought 137 Speedy Hire shares for £1010.
5. We finalised the Afghan rug sales, showing a profit of £61.
6. I have distributed dividend cheques to members.
7. The purchase of the F&C Multi-manager Unit trusts will be reported next month.

So we finish the month with an overall gain of £750 (4% of all subs) and the Unit Value is 103.9. We should be pleased with our progress.

We are watching out for stock that falls 20% below its AGM value. Reuters is in that red slot this month with a 6% decline.

The best performers this month were O2 and BSkyB, gaining 8% and 5% respectively.