PIC Unit Value trend

Report for February 2008

Another month that ended higher after a roller-coaster rise. The FTSE100 closed up 2% at 6076 (on Feb 28) and our Unit Value rose by the same amount, ending at 105.8. Our portfolio is now valued at £16,142 with £4,382 in cash.

We should keep an eye on WPP and HSBC which are both approaching the 15% stop-loss criterion, down 11 and 13% respectively since our AGM. Only Tesco fell significantly during February (3%) while BHP Billiton and Biffa rose nicely, both being involved in takeover bids.

Mission Marketing, on our wish-list, are struggling at present, and there may be a good time to buy in the foreseeable future.