In brief we have had a trading update from Rank Group (RNK) which features in the CIS Portfolio. This was of the in line variety so therefore should be reassuring. The market seems to agree and has marked them up in a better market today. While I note that Edison are suggesting a small earnings upgrade on the back of this. So it seems fine, despite the re-rating it has enjoyed and with a CIS of 87 looks like it will remain in the portfolio for now.
Finally a stock that was previously held A.G.Barr (BAG) before they suffered on a weather related profits setback in the summer has reported a better end to the year. So seems like this quality business may be back on track. It does however still look quite expensive on 17 to 18x and has a CIS of 68 which is OK but not outstanding.
Any way that's all for now as off to finish preparing for the podcast I mentioned yesterday. Will try and put something up about it if I get time later today, otherwise have a great weekend and look out for the month end updates.