Report for April 2006

In April, our portfolio did not perform as well as the FTSE100 which ended 1% up. Our stock fell 2% and the Unit Value fell 2% also, to 114.8.

This was largely due to a fall in the value of our most speculative stock, African Platinum, whose share price fell back from 41 pence to 35.4 pence during the month. However, this was offset by a surge in the price of our new stock Island Oil & Gas, but even that faded a little at the end. BHP Billiton also rose 10%.

There are no shares approaching our Sharewatch Alert.

We have £5,486 in cash (plus the outstanding loan) including £807 with the stockbroker which can only be used for investment. I recommend that we use this sum (topped up to £1000) to buy further stock soon.