Patrick Investment Club
The family have operated the Patrick Investment Club since 1998 with the aim of creating wealth
Monday, December 04, 2006
Report for November 2006
We held our own last month despite a modest reversal of the recent rise in the FTSE100. Our Unit Value firmed to 108.4 and our total worth is now £22,878. We currently hold 10% of our assets in cash and 90% in the stock market.
We purchased 170 shares in Experian, the Nottingham credit-rating agency that was recently demerged from GUS. Our recent purchases in BP and our demerged Biffa slipped a little, but the China Growth Unit Trust is forging ahead. The best performer this month was African Platinum, up 20% and so recovering somewhat from falls this autumn. Island Oil & Gas is still seriously below par, but we are holding our breath there hoping for a new gas strike in the Celtic Sea!
Labels: Monthly reports