Report for January 2007

The Unit Value rose 1% to 111.02 in January while the FTSE100 ended hardly different from its end-2006 value. The best performers were Biffa and BSkyB, rising a few percentage points. The worst were Island Oil & Gas (which is causing some anxiety), Speedy Hire and BP.

One member withdrew units worth £490, but subscriptions continue to be made at the usual amounts. The value of our assets is now £1385 more than the net subscriptions made, and the value of our portfolio shows a profit of £1790. [This rose to £3000 on Feb 2, and we trust that this gain may still be shown at the end of the new month].