Patrick Investment Club
The family have operated the Patrick Investment Club since 1998 with the aim of creating wealth
Thursday, August 02, 2007
Wednesday, August 01, 2007
Report for July 2007
After an enormous dip last week, the FTSE100 recovered somewhat on the last day July to finish a mere 4% down on the month. The PIC Unit Value did better than that and only fell 1%, ending at 124.7.
The worst fallers in July were Experian (9%), Biffa (8%), Severn Trent (7%) and Island Oil & Gas which continued to drift lower by 7%. Only two of our stocks increased materially in value this month: BHP Billiton (6% on top of last month's 15%) and China Growth (also 6% higher).
After a substantial sale of units by one member we have only £2,378 in cash. Any investment in the Lorne Street Bakery Project in Oswestry may require selling of existing stock.
Labels: Monthly reports