Report for February 2010

The stock market resumed its year-long rise after a blip in January, and is now back at its June 2008 valuation. The FTSE100 rose 3% to 5354 and our portfolio rose 3% to £15,759 with the Unit Value reaching 110.

This month only Tesco disappointed with a 1% fall, while BHP Billiton rose 8%. Island Oil & Gas rose towards their take-over price of 10 pence per share as their days are numbered.

We hold over £4,400 in cash and we should invest some of this in March, assuming no-one is about to withdraw funds.