Good morning!

Charity challenge

It's been a while since I've done anything for charity, so this one caught my imagination - it's called "Live below the line" - and is a 5-day challenge, starting today, to see if you can live on just £1 per day for all food & drink. The idea is to raise sponsorship for charities helping some of the poorest people in the world.

It's always difficult to choose which charities to support, so I picked 3, and the donations are split 3 ways on my fundraising page, here was my rationale for picking each charity;

  • VSO - has a very good reputation, and the people going abroad to help are volunteers.
  • Syria Relief - the scale of destruction in war-torn Syria is just appalling, and we must help.
  • Action Aid - particularly relevant, as they're fundraising to help the earthquake victims in Nepal.

I've posted a starting video blog, created the other night, and have stocked up on Asda smart price provisions for this week. Breakfast this morning was porridge made with water only (so, gruel basically!) which was OK. I really missed my morning coffee today though, but there was no room in the £1 per day budget for any coffee, tea, or milk.

Anything you can donate (any amount is welcome, however large or small) would be great, and it's fine to wait until the end of the week, if you want to be sure that I've actually completed the challenge. Hopefully I might lose a couple of pounds too, as I am apparently a "pompous, pie-eating, salad-dodging windbag", according to a charming fellow called "Stud-Muffin" on advfn bulletin boards!


Redde (LON:REDD)

Share price: 122.5p
No. shares: 294.1m
Market Cap: £360.3m

Trading update - it's more good news from this legal services, accident management group. The group has undergone a remarkable transformation in the last couple of years, coming back from almost going bust, to being strongly profitable and cash-generative - unlike most other players in this sector. It has also been paying out generous dividends.

As the company has a 30 June year end, today's update covers Q3, which has seen "strong trading volumes ... operating profits exceeding the Board's expectations". Excellent stuff!

Cash collection - "a new record low" for debtor days, down to only 104 days, "and further reductions are expected". Compare this with the chronic inability…

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