Nice to see the banks (LLOY) (BARC) and Man Group (EMG) getting a pop over the last couple of days. The market generally has perked up and some of the other holdings in the portfolio have been marked up too. However it could just as easily be straight back down in the next couple of days though so I remain cautious for now and have actually increased my cash holdings a little bit today.

I did a tidying up exercise with Vislink (VLK) and Renovo (RNVO), two small positions treading water now converted into cash ready to invest in the next opportunity I spot. Also I traded out of my CSR (CSR) spreadbet, selling £10 per pt @ 500p for a quick 7% profit. I reckon it might struggle to get past this level for now but I still hold 1000 shares so am bullish over the medium term. The last trade was adding another £500 per pt of Polo Resources (PRL) which is still trading at a significant discount to its NAV and the more time that passes the closer Polo get to realising some of that value in the form of cold, hard cash. I am happy to be patient with this one as the rewards could be significant and downside from here looks limited.

One position that I do want to flag up is Huntsworth (HNT), the global public relations and healthcare communications group. I hold 13,350 shares at an average around the current share price, 63p. They are reporting final year results next Wednesday, Feb 24th. It looks cheap on fundamentals with a PE of just over 8 and a dividend yield of 4.2%, plus the tone from management has noticeably picked up since the summer with increasing confidence in their future prospects. What could really drive earnings growth over the next couple of years is the management reorganisation that Huntsworth have executed in 2009, I expect to see it impact organic growth starting in 2010 and accelerating into 2011. The share price has done nothing for the last few months & I am hoping that the results next week will put it on a few more investors radars.