Report for September 2006

September was a rather poor month despite a 2% rise in the FTSE100. We are heavily reliant on two very volatile stocks, and both Island Oil & Gas and African Platinum took a plunge this month, wiping off over £1000-worth of value from our portfolio. Fortunately, Reuters, Speedy Hire and our new acquistion China Growth Unit Trust have shown solid gains of 10%, 7% and 7% respectively to offset the loss.

The Unit Value has fallen 5% this month to 104.3, and on the graph I have shown a moving average as the trendline instead of the polynomial line as previously. This follows the actual monthly values more closely and highlights the fact that in the last few months our value has been declining from a peak of 117 back in March.

We are holding these speculative stocks for the long-term, so I suggest we hold our nerve a while longer.