April was a jolly good month for the UK stock market, as the FTSE 100 repeatedly broke all-time highs to close 2.57% higher than it began. UK shares have been out of favour for far too long. Investors had to sit up and take notice at some point. I don’t think it’s any coincidence that the index is suddenly thriving after its underperformance made international headlines. The FTSE 100 is cheap, and investors have woken up to the opportunity. Despite April’s strong showing, it still looks good value to me. The index trades at just 12.4 times earnings, roughly half the level of the S&P 500. Plus it remains a great source of income. AJ Bell forecasts an estimated ordinary dividend yield of 3.8% for this year and 4.1% in 2025. Better still, investors could enjoy record share buybacks, with FTSE 100 firms already unveiling plans for £27bn of cash returns in 2024. If correct, that could lift the estimated total cash return to 5.3%. It could go even higher. Some shares had a bumper April, including one I haven’t looked at in some time. Gold and silver miner Fresnillo (LSE: FRES) was the second-best FTSE 100 performer after Anglo...