Despite last month's liquidity crisis involving Northern Rock, the stock market has recovered and the
FTSE100 gained 6% in September.
Our portfolio gained 3%, thanks to spectacular rises in
BHP Billiton and
China Growth (both fuelled by the burgeoning economy of China and its consumption of precious metals in industry). On the other hand, several stocks slipped a few percentage points, notably
Biffa and
WPP. We ought to keep an eye on
Speedy Hire which has slipped 10% since our AGM in August.
One member has taken out a further loan on the strength of our sales of Experian, BP and BSkyB agreed at the AGM. When that loan is repaid with interest, we will invest the funds back into the market (probably with Mission Marketing).
Our
Unit Value has risen 5% to 113.28.
The postal strike means that we have received no record of dividends paid this month.
Labels: Monthly reports
