Report for June 2007

After a promising start, the FTSE100 slipped back steadily during the last week of June, ending the month as it began at 6608. The PIC Unit Value also stayed the same at 125.5.

Only four of our stocks increased in value this month: BHP Billiton (+15%), China Growth, BP and Island Oil & Gas. Biffa was the worst performer at 17% down but Severn Trent (-12%) and Tesco (-9%) also disappointed.

Island stays in our StockWatch window (at -49%), but we are still hoping for good news following the recent gas strike.

We have £6,800 in cash (22% of our assets), awaiting further withdrawals by Daniel and a request for an investment in the Lorne Street Bakery Project in Oswestry.