Report for November 2005

November was one of our best months ever! The FTSE100 rose 5%, our portfolio rose 8% and our Unit Value rose 5%.

Outstanding performers were African Platinum (+41%, but can just as easily fall again next month), O2 (being taken over) and Reuters (+15%). The Club is now worth 5% more than the net subscriptions we have paid in.

We need to keep an eye on Vodaphone (whose share-price graph I circulated last week) who are down 14% since the AGM, and BSkyB who are 8% down.

We are holding £7K in cash (33% of our assets): this ought to be invested or borrowed by members at our usual interest. We will net another £990 from the sale of O2 very soon. Any suggestions, especially about a Green Energy investment?