Week 522 Review - Big drops in my largest holdings but SIPP fights back.

An absolute disaster of a week, with big drops in my two largest holdings taking me to a record low. It would have been a lot worse had some SIPP shares not rallied and halved what the losses would have been. The deficit between cost and value widened by £2,531 to £140,639 and the deficit between injection and value widened to £65,326. Total portfolio value dropped to £110,656.

Worst performer was FOUR:4imprint which gave a good update but did its usual "uncertain times due to tariffs" comment and the share price promptly dropped 11% taking my holding to 33% down. The good news is that I'm buying as my monthly investment next week so I'm happy for the price to drop just before that.

JLP:Jubilee Metals dropped 10% after a production update from Zambia. The results weren't bad, but some big private investors have given up waiting and sold out. Hopefully now they're gone we'll get a bit of a break, as I piled a lot of money into these and the drop has been a disaster for my portfolio value.

OPTI:Optibiotix is by far my biggest holding and dropped 9% after a heated AGM where disgruntled shareholders are trying to get the board replaced. Thankfully they failed, although they had over 30% of the vote. They wouldn't be moaning if the share price wasn't so low, but surely their own actions are now contributing the the share price falling? Nobody would touch OPTI with a bargepole at the moment. Only big contracts and revenues can save us.

TRX:Tissue Regenix zoomed up a few weeks ago and is now zooming down again, dropping another 9% this week.

TLOU:Tlou Energy had its usual random big move, dropping 8% this week.

IPX:Impax Asset Management has been on a recovery run recently, but dropped 5% this week to take my holding 59% down. I should really buy some more.

FXPO:Ferrexpo zoomed up 24%, possibly because of Ukraine peace talks, but it will be short lived as I doubt peace is coming any time soon, and even if it did, the Ukrainian government are out to get FXPO anyway, withholding VAT relief.

SAE:Simec Atlantis Energy went up a massive 67% after agreeing contracts for their battery storage project, but they don't deserve Share of the Week as they are still a basket case, but mine are only down 62% now.

FDM:FDM Group climbed 5% proving that last weeks drop was over-done, but my holding is still 62% down.

PAGE:Pagegroup went up 5% too, but are still 47% down.

CAML:Central Asia Metals climbed 6% which is great news as they are one of my biggest holdings, and the rise helped offset the other big drops.

Share of the Week is PAF:Pan African Resources, which climbed 12% to take my holding 102% up, and it's one of my bigger holdings so really helped reduce this week's woes.

Here's the ISA and shares portfolio after week 2 of year 11.

			Weekly Change
Cash	£85.30		-£483.75
Portfolio cost	£115,878.07		+£500.00
Portfolio sell value (bid price-commission)	£37,366.37	(-67.8%)	-£2,563.12
Potential profits	£103.85		-£14.85
Yr 11 Dividends	£0		+£0
Yr 11 Interest	£0		+£0
Yr 11 Profit from sales	£0		+£0
Yr 11 proj avg monthly profit	£0	(0%)	+£0
Total Dividends	£12,488.07		+£0
Total Interest	£8.57		+£0
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£244.78	(3.4%)	-£0.50
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	34%		+0%

Cash dropped as I bought my 5,000 shares in the AFC:AFC Energy retail offer at 10p. Shame they were worth 9.5p as soon as I bought them.

Huge drop in portfolio value and small drop in potential profits as BOKU:Boku dropped 1%.

Nasty

Woeful

Dire

The SIPP looks like this after week 506 overall and week 38 of year 10.

			Weekly Change
Cash	£607.60		+£183.90
Portfolio cost	£134,724.72		+£0
Portfolio sell value (bid price - commission)	£72,597.23	(-46.1%)	+£31.59
Potential profits	£7,770.29		+£832.95
Yr 10 Dividends	£1,496.87		+£200.56
Yr 10 Interest	£3.96		+£0
Yr 10 Profit from sales	£3,681.12		+£0
Yr 10 proj avg monthly profit	£570.75	(7.7%)	+£6.11
Total Dividends	£17,613.52		+£200.56
Total Interest	£16.86		+£0
Total Profit from sales	£20,689.06		+£0
Average monthly cash profit	£314.82	(4.2%)	+£0.95
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+0

A positive week despite the big drops goes to show the advantage of having magic formula companies in this portfolio. Potential profits soared by £832, most of which was PAF:Pan African Resources and also some loss-making companies moving into profit. Another 5p increase in CAML:Central Asia Metals will see them go into profit, and every 5p increase from there is worth £300.

I had a healthy £200 in dividends made up of £36 from N91:Ninety One and £164 from POLR:Polar Capital.

Not bad.

A fraction above the trend line, but not enough to start moving it.

I'd be happy if this chart keeps going like this.

Not much to look forward to next week. I'm due one dividend, and then it's just a case of whether OPTI:Optibiotix is going to drop any further and if JLP:Jubilee Metals circulate details of selling the South Africa operation, as that could be the catalyst for some interesting purchases in Zambia.

Week 521 Review - Dreadful week wiping out all recent gains.

A pretty dreadful week, especially for the SIPP which had a torrid time. The deficit between cost and value widened by £2,584 and wiped out the gains from the last few weeks. It now stands at £138,107 which I'm pretty sure is a record. The deficit between injection and value increased to £62,975 and total portfolio value dropped to £112,987.

The biggest faller was FDM:FDM Group which plummeted 40% after pretty dreadful results. I'm confident that the company is robust enough to weather the downturn, but the share price has been dropping continuously for some time now. This is a prime example of not buying a magic formula share unless it has positive share price momentum. I do think the price has dropped too far though, so may attempt to average down, but only once there's positive momentum.

IES:Invinity Energy dropped 13%. I'm not sure why, but if it drops another 2% it will be 90% down and at least I won't have to report on it any more.

PBX:Probiotix Health dropped 11% and will no doubt continue to slip until more news comes out.

PAGE:Pagegroup may have been hit by the recruitment malaise after FDM results, as they dropped 9% after a recent recovery.

TRX:Tissue Regenix went down 8% so I should have known the recent upwards spike was going to be short lived.

AFC:AFC Energy dropped 7% and are now below the 10p retail offer price, but I'm keeping my order in as it is pretty close and I don't have commission to pay.

UKW:Greencoat UK Wind dropped 7% and lost all recent momentum.

IHP:Integrafin soared on results the other week but dropped 6% this week possibly due to profit taking. I'm now only 2% up on these.

IPX:Impax Asset Management fell 5% after a recent rally and are 57% down.

SAE:Simec Atlantis Energy went up 6% for no obvious reason, but are still 78% down.

ARBB:Arbuthnot Banking went up 9% after reports suggesting they are undervalued. My holding is only 7% down now. I'll still be selling them if they get into profit, as they have fallen out of my magic formula top 50.

TLOU:Tlou Energy went up 9% bit it appears to be the usual volatile swings for no reason.

Share of the week is CWR:Ceres Power which went up 18% after announcing Doosan have started mass production of their fuel cells. My holding is still 47% down but I feel a little more hope now.

Here's the ISA and shares portfolio after week 1 of year 11.

			Weekly Change
Cash	£569.05		-£4.06
Portfolio cost	£115,378.07		+£0
Portfolio sell value (bid price-commission)	£39,429.49	(-65.8%)	-£672.42
Potential profits	£118.70		+£19.80
Yr 11 Dividends	£0		+£0
Yr 11 Interest	£0		+£0
Yr 11 Profit from sales	£0		+£0
Yr 11 proj avg monthly profit	£0	(0%)	+£0
Total Dividends	£12,488.07		+£0
Total Interest	£8.57		+£0
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£245.28	(3.4%)	-£0.48
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	34%		+0%

Cash only went down because I balanced what's actually in the account, so it's got £4 out over the months. Price drops wasn't as bad as the SIPP partly due to the big rise in CWR:Ceres Power and TLOU:Tlou Energy, and BOKU:Boku continued to edge upwards adding £19 to potential profits.

Pretty flat

Below the trend line

The SIPP looks like this after week 505 overall and week 37 of year 10.

			Weekly Change
Cash	£423.70		+£294.05
Portfolio cost	£134,724.72		+£0
Portfolio sell value (bid price - commission)	£72,565.64	(-46.1%)	-£1,911.66
Potential profits	£6,937.34		-£223.87
Yr 10 Dividends	£1,296.31		+£44.05
Yr 10 Interest	£3.96		+£0
Yr 10 Profit from sales	£3,681.12		+£0
Yr 10 proj avg monthly profit	£564.64	(7.6%)	-£10.38
Total Dividends	£17,412.96		+£44.05
Total Interest	£16.86		+£0
Total Profit from sales	£20,689.06		+£0
Average monthly cash profit	£313.87	(4.2%)	-£0.24
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+0

I added my £250 monthly savings and got £4 dividend from ATYM:Atalya Mining and £39 from TRY:PR Property Investment. Massive drop in value as virtually everything fell, and PBX:Probiotix Health and JLP:Jubilee Metals made up a big chunk of the losses.

Potential profits also lost £223, with IHP:Integrafin contributing most of that, but several shares that were in profit dropped back to loss this week.

Proper dip

I knew we wouldn't stay above the trend line for long. Now right back on it.

I thought maybe things had turned around, but last week was horrible. Results were pretty poor for a few of my magic formula shares, and OPTI:Optibiotix stayed flat despite a positive trading update on Monday. I think most investors have got wise to the likelihood that nothing is going to happen for years yet, and are waiting for evidence that someone is using Sweetbiotix. The most exciting thing next week is getting my POLR:Polar Capital dividend, which should be around £225 so I might just buy something with it, as I should also get around £36 from N91:Ninety One and there's a bit of cash in the account too. I won't be adding any more cash after stumping up £500 for the AFC:AFC Energy retail offer.

Week 520 Review - Good week considering profit banked after both my Alpha stocks bought out.

A pretty good week, with a lot of buying and selling activity in the SIPP, some planned and some forced. The deficit between cost and value narrowed by just £318 to £135,523, but I banked more than £900 profit, so the real performance was much better. The deficit between injection and value reduced to £60,431 and total portfolio value increased to £115,281.

Worst performer was SAE:Simec Atlantis Energy which dropped 11% to go 79% down. No real reason except lack of news.

I think the same goes for IES:Invinity Energy, which fell 8% to go 86% down, so if it falls much more at least I won't have to report on it any more.

TLOU:Tlou Energy dropped 8%, but it is fluctuating wildly at the moment. It's only 19% down so I'm still feeling much more positive.

AFC:AFC Energy dropped 6% which brings it dangerously close to the retail offer price. If it drops below that, then my £500 will be wasted as I've committed to the purchase now.

YU.:Yu Group has had a pretty bad start as one of my brand new shares. I bought in anticipation of a rise on results, but it dropped 5% instead.

RIO:Rio Tinto climbed 5% and is only 10% down now, and seems to have positive momentum.

ALU:Alumasc Group has been slipping a little lately, but went up 6% this week to go 86% up altogether.

IGG:IG Group had good results and went up 6% to go 38% up since I bought them.

BOKU:Boku also had good results and climbed 7% to go 10% up, which is great as this is my only profitable ISA share.

CAML:Central Asia Metals finally gave up trying to buy an American company and the shares responded with an 8% rise, but all my holdings are still making a loss.

PAGE:Pagegroup went up 8% for no obvious reason.

Share of the Week, rather reluctantly, is TRX:Tissue Regenix which went up 29% for no obvious reason. I think the sell-off was over-done when they had their strategic review and tried to find a buyer for the company, but even with this rise my holding is 74% down, so this isn't a great performer.

Here's the ISA and shares portfolio after week 52 of year 10.

			Weekly Change
Cash	£573.11		+£0
Portfolio cost	£115,378.07		+£0
Portfolio sell value (bid price-commission)	£40,101.91	(-65.2%)	-£479.99
Potential profits	£98.90		+£74.25
Yr 10 Dividends	£180.12		+£0
Yr 10 Interest	£1.77		+£0
Yr 10 Profit from sales	£284.97		+£0
Yr 10 proj avg monthly profit	£30.70	(0.4%)	-£0.61
Total Dividends	£12,488.07		+£0
Total Interest	£8.57		+£0
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£245.76	(3.4%)	-£0.47
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	34%		+0%

The good news is that potential profits went up £74 thanks to the surge in BOKU:Boku. The bad news is I lost £479 in value with small drops in JLP:Jubilee Metals and bigger drops in TLOU:Tlou Energy and AFC:AFC Energy

We're at the end of Year 10, so how have things changed since the end of Year 9? Portfolio cost was £104,996 vs £115,378 so I've added around £11k. Portfolio value was £60,352 and it's now £40,101 so I've lost £31k of value and gone from 42.5% down to 65.2% down. My annual performance for Year 9 was £67 (1.1%) a month and in Year 10 it's £30 (0.4%), and my long term performance at the end of Year 9 was £274 (4.3%) a month and now it's £245 (3.4%). In summary, a rubbish year.

It's really pretty awful.

Perfectly following the trend line downwards.

The SIPP looks like this after week 504 overall and week 36 of year 10.

			Weekly Change
Cash	£129.65		-£52.33
Portfolio cost	£134,724.72		+£1,055.49
Portfolio sell value (bid price - commission)	£74,477.30	(-44.7%)	+£798.26
Potential profits	£7,161.21		-£20.61
Yr 10 Dividends	£1,252.26		+£23.70
Yr 10 Interest	£3.96		+£0
Yr 10 Profit from sales	£3,681.12		+£916.96
Yr 10 proj avg monthly profit	£575.02	(7.8%)	+£100.03
Total Dividends	£17,368.91		+£23.70
Total Interest	£16.86		+£0
Total Profit from sales	£20,689.06		+£916.96
Average monthly cash profit	£314.11	(4.2%)	+£7.48
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+1

An awful lot happened this week.

I refreshed my magic formula ranking and two of my profitable companies dropped out of the top 50 so I decided to sell them.

The first was ATYM:Atalya Mining which dropped to 143rd. I sold my 252 shares at 462.992p making a pretty small £57.92 (5.2%) profit, but I am expecting a dividend any day and have already had £15, so the overall profit will be more like 9%. I wanted to stay in copper so bought another 802 shares in CAML:Central Asia Metals at 147.4p costing £1,194.10. Happy to say the announcement about dropping the American purchase happened shortly after and the price has gone up.

The next sale was TRY:TR Property Investment which dropped to 260th in the ranking. I sold my 383 shares for 326.02p and made £26.18 (2.1%) profit, but again I have £21 dividend and another due, so it will be more like 6% profit when that arrives. I bought a new company called YU.:Yu Group which popped up at number 5 in my rankings. I bought 84 shares at 1580p costing £1,332.20.

The next sale was expected, as ALPH:Alpha Group had been in negotiations about being bought out which were due to end this week. The news broke and the share price rocketed to just below what they will be bought for. I decided that losing £70 by not waiting until September was worth it, as I doubt there will be a bidding war and the price will stagnate at that level for 2 months. I sold my 72 shares for 4146.6p making a £971.91 (48.2%) profit, and I've only had a puny £5 dividend so that made no difference. 

I used part of the proceeds to by 785 shares in SBRE:Sabre Insurance Group who underwrite car insurance. They are ranked 12th in my magic formula spreadsheet and pay a 6.5% dividend. I paid 150.5p costing £1,199.29. I used the rest to buy another 1,129 shares in CAML:Central Asia Metals at 156.0192p costing £1,773.41. Unfortunately that was inflated as it was just after the announcement of the America deal ending and the shares fell to 153.2p by the end of the week. I now own 6,698 CAML shares in my SIPP costing £11,085, making them one of my biggest holdings. I won't buy any more now, and future copper purchases will be BHP:BHP Group and RIO:Rio Tinto as there are no others in my top 30 ranking.

The last sale was very frustrating as APAX:Apax Global Alpha announced they were getting bought out, but for quite a bit less than I paid for them. I sold my 570 shares at 163.01p making a loss of £139.04 (-13.1%). Fortunately I'd had £176 in dividends so overall I was up by 4%. I used the proceeds to buy another 193 shares in POLR:Polar Capital at 482.25p costing £935.74. These pay a massive dividend and are 7th in my magic formula spreadsheet. I now own 705 shares costing £3,438.71 and am about to get a dividend the week after next.

Given that I cashed over £900 profit, it was great to see portfolio value up by £798 and potential profits remaining pretty flat. I also had a £10 dividend from BPM:BP Marsh & Partners and £13 from III:3i Group, but no sign of my dividend from ATYM:Atalya Mining which was meant to arrive on Thursday.

Year 10 performance improves by £100 a month, but long term performance only improved by £7 a month, and at 4.2% is still way below my target of 10%.

I like the look of that green line!

Much joy that we're above the trend line, and have been relatively flat for the last 6 months despite the big declines in my 2 biggest holdings OPTI:Optibiotix and JLP:Jubilee Metals.

Although the long term performance isn't great, it's getting better.

A very busy week - so I suspect next week will be much more quiet. I should get the ATYM:Atalya Mining dividend, and one from TRY:TR property Investment, but no expectations for anything else. It would be nice to get copper production guidance from JLP:Jubilee Metals but I'm worried it won't be good and the price could drop even more. There's also the circular about the South Africa sale that we're expecting, which again isn't likely to be positive for the share price.

Week 519 Review - A rare positive week across most of the potfolio.

Not a bad week, but a few nightmare drops. Ended up positive, with the deficit between cost and value narrowing by £2,783 to £135,841 and deficit between injection and value reducing to £61,752. Total portfolio value increased to £113,960.

Worst performer was AFC:AFC Energy, which dropped 29% after announcing a discounted placing. Fortunately that placing was over subscribed, and there's a retail offer at 10p a share, which the buy price stayed above, so I've applied for £500 worth.

ATYM:Atalaya Mining have been doing well recently, but dropped 6% this week. They are still 2% up, but there is a risk of them dropping out of profit.

SAE:Simec Atlantis Energy dropped 5%, but there's nothing unusual about that.

The rest was all good news.

CAPD:Capital climbed 5% after great results. They have dropped to 66 on my magic formula rankings so I am looking to sell them. My SIPP holding is only 10% down, so I may be able to get rid of those fairly soon, but my dealing account holding is still 19% down.

IPX:Impax Asset Management have been sneaking up since to announcement of St James's Place dropping them as fund managers tanked the share price. The shares are still 54% down though. Part of me wants to buy more at this price, but part of me is nervous about other funds reducing eco-friendly investments.

OPTI:Optibiotix went up 5% which generated around £1,000 of this week's rise, but they are still at an astonishingly low price and causing most of my misery.

PAF:Pan African Resources also went up 5% which is a relief after buying a load more last week. The sell price is now well above the price I paid for them, and my holding is showing potential profit of £2,876 (74%). I will be hanging on to them though, as there's the prospect of a significant increase in production and they have a stonking dividend. It does mean that all my gold interest is in this one company, but there's no other I really feel comfortable with.

APAX:Apax Global Alpha went up an impressive 8%, although these have dropped to 64 in my magic formula ranking, so if they recover the 26% they are losing, then I'll sell them.

TRX:Tissue Regenix have been utterly rubbish, but went up 8% this week. They are still 80% down and I don't hold out much hope.

PBX:Probiotix Health went up and impressive 13%, but I suspect that's about it for the foreseeable future, as although the results were good, there's no prosect of anything new happening and we're still at least 12 months away from profitability.

Share of the Week is IHP:Integrafin, which zoomed up 17% after brilliant results and went 8% into profit. They are 3rd in my magic formula rankings, and I'm really glad I bought some more before the rise.

Here's the ISA and shares portfolio after week 51 of year 10.

			Weekly Change
Cash	£573.11		+£496.09
Portfolio cost	£115,378.07		+£0
Portfolio sell value (bid price-commission)	£40,581.90	(-64.8%)	+£1,027.81
Potential profits	£24.65		-£19.80
Yr 10 Dividends	£180.12		+£0
Yr 10 Interest	£1.77		+£0.32
Yr 10 Profit from sales	£284.97		+£0
Yr 10 proj avg monthly profit	£31.31	(0.4%)	-£0.96
Total Dividends	£12,488.07		+£0
Total Interest	£8.57		+£0.32
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£246.23	(3.4%)	-£0.51
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	34%		+0%

I added £500 to my ISA so I can partake in the retail offer for AFC:AFC Energy and get my average price down, as I'm excited about their prospects. The £1,027 rise in value is mainly thanks to OPTI:Optibiotix and PBX:Probiotix Health going up a bit. There's also a tiny amount of interest. The bad news is a drop in BOKU:Boku halving my potential profits, but just having potential profits in this account is a new experience.

Can't see much on this one

We're touching the trend line, but there's no danger of it changing direction any time soon.

One day it would be nice to sell something to help this chart out.

The SIPP looks like this after week 503 overall and week 35 of year 10.

			Weekly Change
Cash	£181.98		+£15.53
Portfolio cost	£133,669.23		+£0
Portfolio sell value (bid price - commission)	£72,623.55	(-45.7%)	+£1,755.73
Potential profits	£7,181.82		+£460.36
Yr 10 Dividends	£1,228.56		+£18.04
Yr 10 Interest	£3.96		+£0.84
Yr 10 Profit from sales	£2,764.16		+£0
Yr 10 proj avg monthly profit	£474.99	(6.4%)	-£11.99
Total Dividends	£17,345.21		+£18.04
Total Interest	£16.86		+£0.84
Total Profit from sales	£19,772.10		+£0
Average monthly cash profit	£306.63	(4.1%)	-£0.48
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0

A healthy increase in value, and a healthy increase in potential profits to over £7,000. It's a novel concept not selling my profitable shares and watchin that figure gradually go up. If only my bigger holdings would sort themselves out!

There was an £18 dividend from IPX:Impax Asset Management and a tiny amount of interest.

A better looking tick upwards.

We're above the trend line, but how long will it last?

Keeping steady, and with a combination of regular dividends and a strategy in place for selling non-magic formula shares, there's more prospect of this continuing to move upwards.

It's nice to get a rare positive week after months of mainly misery. It's a tad galling that every single junior share I pick has stalled horribly. My mistake has been to pile in lots of money to just a few of them, when so many fail that I probably need a wider range so the big rises in the successful ones will cancel out the disasters.

I also need to prepare myself for writing off some quite big holdings which will ruin my performance stats. KIBO:Kibo Mining is a total basket case and will certainly go bust, costing me £2,635. The other major risk is TRX:Tissue Regenix which is likely to get bought out on the cheap. At the current price that will cost me £2,749. Those are the two I'm most worried about. The others are tiny investments or showing potential for recovery.

Week 518 Review - A down week thanks to my big holdings but offset by a few big gains.

An amazingly flat week considering some of my biggest holdings dropped, but the rises elsewhere were big enough to limit the damage to a £490 increase in deficit between cost and value to £138,625 and increase in deficit between injection and value to £64,547. Total portfolio value increased to £110,665 thanks to a big injection from my pension transfer.

Worst performer was CAML:Central Asia Metals which dropped 11% just after I'd bought a load. They gave a production update which had lowered expected production, and at the same time they are engaged in a price war over a new mine which they are likely to either lose or damage the company spending too much. I'm starting to get the jitters as to whether I really trust them to do the right thing any more.

AFC:AFC Energy dropped 10% which is probably profit taking after the last 2 weeks of massive rises.

BLU:Blue Star Capital continue to drop, and this week went down another 10%, but they are only 89% down so I still have to mention it. Hopefully they'll pass 90% down next week and I can stop writing about them.

TRX:Tissue Regenix continue their slide towards nothing. They fell 7% and are now 81% down.

CWR:Ceres Power had a great week last week, but as with AFC they dropped 6% this week probably due to profit taking.

JLP:Jubilee Metals continues the incredibly frustrating slide downwards, falling another 6% this week with no signs of respite. It's now back down around the level they were when they had no cash and were making no profit. I never thought we'd see these prices again.

OPTI:Optibiotix fell another 5% and I fell deeper into despair. I may never get my money back from this shambles.

SAE:Simec Atlantis Energy went up 5% but it appeared to be just the bid price that went up. They are still 75% down and I suspect still doomed.

ASHM:Ashmore Group have been steadily sneaking up, with another 6% rise this week, but they are still 40% down.

ATYM:Atalaya Mining went up 7% and are now 9% in profit.

TLOU:Tlou Energy zoomed up last week and went up another 9% this week. They are now only 12% down.

IES:Invinity Energy announced a deal to licence their batteries in China and went up 15% as a result, but they are still 84% down so I suspect I'll never get to break-even.

Share of the Week is PBX:Probiotix Health which unexpectedly zoomed up 33% on Friday. There's a trading update next week so maybe it's in anticipation of that, so it could be short lived as the sell on news brigade come out. My free shares are still 61% down on the price when I got them.

Here's the ISA and shares portfolio after week 50 of year 10.

			Weekly Change
Cash	£77.02		+£0
Portfolio cost	£115,378.07		+£0
Portfolio sell value (bid price-commission)	£39,554.09	(-65.7%)	-£449.94
Potential profits	£44.45		+£29.70
Yr 10 Dividends	£180.12		+£0
Yr 10 Interest	£1.45		+£0
Yr 10 Profit from sales	£284.97		+£0
Yr 10 proj avg monthly profit	£32.27	(0.4%)	-£0.66
Total Dividends	£12,488.07		+£0
Total Interest	£8.25		+£0
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£246.74	(3.4%)	-£0.47
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	34%		+0%

A drop of just £449 is pretty good considering the falls in OPTI:Optibiotix and  JLP:Jubilee Metals. BOKU:Boku went up another 3% this week, so my potential profits went up by £29.

Looks pretty flat

It's not pretty flat - it's just following the trend line

The SIPP looks like this after week 502 overall and week 34 of year 10.

			Weekly Change
Cash	£166.45		-£245.69
Portfolio cost	£133,669.23		+£2,672.30
Portfolio sell value (bid price - commission)	£70,867.82	(-47.0%)	-£40.68
Potential profits	£6,721.46		+£497.19
Yr 10 Dividends	£1,210.52		+£38.40
Yr 10 Interest	£3.12		+£0
Yr 10 Profit from sales	£2,764.16		+£0
Yr 10 proj avg monthly profit	£486.98	(6.6%)	-£9.72
Total Dividends	£17,327.17		+£38.40
Total Interest	£16.02		+£0
Total Profit from sales	£19,772.10		+£0
Average monthly cash profit	£307.11	(4.1%)	-£0.28
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		-1

I decided to split my £2,500 between one new company and two I already own.

The new company is N91:Ninety One which is 15th on my magic formula ranking. I'd been holding off because they were dropping in price. They have had a recent rise, but still only a P/E ratio of 7.6. I bought 540 shares at 188.67p costing £1,035.86. They dropped a few pence so are 4% down with spread and commission.

Next I topped up on CAML:Central Asia Metals, which was a big mistake as they tanked the day after. How do I manage to keep doing this? I bought 431 shares at 161.9149p costing £709.80 and they dropped to 146.2p the day after. My SIPP holding is now 4,767 shares costing £8,118 and I am losing £1,165.

Finally I topped up my holding in PAF:Pan African Resources. I was reluctant after their recent big rise, but looking at potential future production increases, I'm hoping they have further to go, and I'm still well in profit overall. I bought 1,574 shares at 50.813p costing £815.75. They almost immediately dropped back to 48p, but fortunately by Friday had climbed to 50.7p to sell, so about where they were when I bought them. My holding is now 12,712 shares costing £3,886 and they are making £2,546 (66%) potential profit. I may get some more in the future to increase my cost to around £5,000.

My monthly savings went through, buying 6 shares in FOUR:4imprint at 3667.8835p costing £222.67. That takes my holding to 33 shares costing £1,541 and they are losing £321 (21%), but the share price is creeping up and every time I buy I average down a bit more.

The portfolio sell value only dropped £40 and potential profits increased by £497, so a much better performance than the ISA. Dividends were £10 from GSK:GSK and £28 from PSN:Persimmon.

I like it when I inject more cash

Bang on the trend line

So what's likely to happen next week? If the PBX:Probiotix Health trading update is limp, then I'm likely to wave goodbye to all those gains. It's unlikely we'll get any news from OPTI:Optibiotix so little chance of salvation there, and at some point soon we'll see the details for the proposed sell-off of the JLP:Jubilee Metals South Africa operation, which will either make or break the company. My confidence levels are currently low for all these. At least I have one more dividend to look forward to. They are coming nearly every week now.

Week 517 Review - First positive week for 6 weeks.

At last, my first positive week after 6 weeks of losses. Made all the more impressive as all my biggest holdings stayed flat. The deficit between cost and value improved by £1,196 to £138,134 and the deficit between injection and value reduced to £63,983. Total portfolio value increased to £108,719.

The worst performer was PSN:Persimmon, which dropped a whopping 10%, although all house builders took a bit of a bashing. I had hoped these were heading back into profit, but they are now 17% down.

SAE:Simec Atlantis Energy dropped 10% for no particular reason

BLU:Blue Star Capital dropped 9% but unfortunately are only 88% down so I still have to report it.

RNWH:Renew Holdings fell 5% and are back at a loss now.

POLR:Polar Capital went up 7%, which is handy seeing as I just bought a load. They go ex-dividend next week for a big payout.

PAF:Pan African Resources went up 10% over the week, and are now 71% up.

AFC:AFC Energy zoomed up 13% after last week's big rise, so they are only 6% down now.

CWR:Ceres Power had a massive 26% increase but are still 52% down.

Share of the week is TLOU:Tlou Energy, which went up 64%, but it's hard to know why as news isn't coming through. It appears the CEO has announced his retirement and there may be a deal to supply electricity to someone building a data centre near their gas production area. They are still down 19% but looking a bit more promising.

Here's the ISA and shares portfolio after week 49 of year 10.

			Weekly Change
Cash	£77.02		+£0.32
Portfolio cost	£115,378.07		+£0
Portfolio sell value (bid price-commission)	£40,004.03	(-65.3%)	+£730.16
Potential profits	£14.75		+£14.75
Yr 10 Dividends	£180.12		+£0
Yr 10 Interest	£1.45		+£0.32
Yr 10 Profit from sales	£284.97		+£0
Yr 10 proj avg monthly profit	£32.93	(0.5%)	-£1.00
Total Dividends	£12,488.07		+£0
Total Interest	£8.25		+£0.32
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£247.21	(3.4%)	-£0.51
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	34%		+0%

Sell value up a healthy £730 mainly due to TLOU:Tlou Energy, CWR:Ceres Power and AFC:AFC Energy. Note that we have £14 potential profit thanks to my new purchase of BOKU:Boku. Hopefully I can continue to report some profit in the ISA from now on, as I'm planning to sell far less often.

Still a very depressing gap between value and injection.

Still below the trend line

The SIPP looks like this after week 501 overall and week 33 of year 10.

			Weekly Change
Cash	£412.14		+£256.27
Portfolio cost	£130,996.93		+£0
Portfolio sell value (bid price - commission)	£68,236.20	(-47.9%)	+£466.02
Potential profits	£6,224.27		+£345.84
Yr 10 Dividends	£1,172.12		+£22.04
Yr 10 Interest	£3.12		+£0.77
Yr 10 Profit from sales	£2,764.16		+£0
Yr 10 proj avg monthly profit	£496.70	(6.9%)	-£14.69
Total Dividends	£17,288.77		+£22.04
Total Interest	£16.02		+£0.77
Total Profit from sales	£19,772.10		+£0
Average monthly cash profit	£307.39	(4.3%)	-£0.56
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+0

I added my £250 monthly investment but it won't be used until next week. Value went up £466 as this has no exposure to the big risers, but profits increased by £345 so most of the increase was in profitable shares. I had a £22 dividend from IHP:Integrafin.

Touching the trend line but failing to get above it.

Trend line pointing up, but we are below it.

Next week should be much more exciting, as I have a £2,500 pension transfer as well as my monthly investment.

Week 516 Review - Down for the 6th week in a row, but not a bad week generally.

A down week for the 6th week in a row. The FTSE has been buoyant, but my biggest holdings continue to drag the whole portfolio down. This week the culprits are OPTI:Optibiotix and PBX:Probiotix Health. The deficit between cost and value widened by £1,214 to a record £139,330 and the deficit between injection and value grew to £65,186. Total portfolio value actually increased to £107,276, but that's because I added £2,000 to the ISA.

Surprisingly, the worst performer was SCT:Softcat dropping 10%. I really don't understand why. They have had a few good weeks and so remain in profit, but are now only 4% up.

PAF:Pan African Resources dropped 9% despite the price of gold only dropping a couple of percent. Maybe a chunk of people are taking profits having decided gold will at best stagnate. I don't mind too much, as my holding is still 55% up, and the most I've paid is still 10p below where they are now. I plan to hold them long term.

PBX:Probiotix Health fell 8% and has dropped a long way for 2 weeks in a row. As one of my biggest holdings, this significantly contributed to the losses.

TLOU:Tlou Energy also fell again for the 2nd week in a row, dropping another 7% to go 51% down.

SAE:Simec Atlantis Energy dropped 5% to go 74% down.

IES:Invinity Energy climbed another 12% but that only shifts them from 88% down to 87%.

Similarly, BLU:Blue Star Capital went up 29% so unfortunately I have to start reporting on them again as they are now 86% down. They are still an utterly hopeless case and doomed in the long term.

AJB:AJ Bell, APAX:Apax Global Alpha, and FOUR:4imprint all went up 5% for no obvious reason.

Similarly IHP:Integrafin and RNWH:Renew Holdings went up 6%.

ALPH:Alpha Group went up 7% as we get closer to the cut-off date for finding out if they are going to be bought out.

Share of the Week is PAGE:Pagegroup which got back the 10% they dropped last week. Dunno what was going on there, but they are still 47% down so no sign of getting profitable. They are 49 in my magic formula ranking, so I will be holding them at least until I update my rankings next.

Here's the ISA and shares portfolio after week 48 of year 10.

			Weekly Change
Cash	£76.70		-£29.29
Portfolio cost	£115,378.07		+£2,024.89
Portfolio sell value (bid price-commission)	£39,273.87	(-66.0%)	-£820.35
Potential profits	£0		+£0
Yr 10 Dividends	£180.12		+£0
Yr 10 Interest	£1.13		+£0.02
Yr 10 Profit from sales	£284.97		+£0
Yr 10 proj avg monthly profit	£33.93	(0.5%)	-£1.12
Total Dividends	£12,488.07		+£0
Total Interest	£7.93		+£0.02
Total Profit from sales	£17,560.27		+£0
Average monthly cash profit	£247.72	(3.4%)	-£0.52
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	34%		-1%

I had a massive MOT bill along with holiday expenses from 2 weeks ago, so decided to get a 0% interest balance transfer, and figured while I'm at it I may as well add another £2,000 to my ISA. I've been frustrated at not being able to sell anything to enable me to buy some of the interesting new AIM shares I've discovered.

The first purchase was just another chunk of JLP:Jubilee Metals. If I'm selling my SIPP shares then I want more in my ISA to hold for the long term, and I'm really, really hoping they have reached their bottom price now. I bought 28,794 at 3.525p costing £1,019.99.

My other purchase was BOKU:Boku which came close to the top of my AIM magic formula ranking. There were a couple of others higher but they have had big price increases recently and look quite expensive. Although BOKU have had a big rise in the last 2 months, and have a P/E ratio of 60, their share price is only at the level it was 4 years ago and they appear to be undergoing rapid growth. I bought 495 shares at 202p costing £1,004.90. They are a payment provider, for which there is much demand.

Big £820 drop in value was frustrating, but less than last week.

Misleading tick up due to injection of £2,000.

Reality bites - further below the trend line.

The SIPP looks like this after week 500 overall and week 32 of year 10.

			Weekly Change
Cash	£155.87		-£22.83
Portfolio cost	£130,996.93		+£176.60
Portfolio sell value (bid price - commission)	£67,770.18	(-48.3%)	-£394.61
Potential profits	£5,878.43		-£241.47
Yr 10 Dividends	£1,150.08		+£81.93
Yr 10 Interest	£2.35		+£0.12
Yr 10 Profit from sales	£2,764.16		+£0
Yr 10 proj avg monthly profit	£511.39	(7.1%)	-£5.48
Total Dividends	£17,266.73		+£81.93
Total Interest	£15.25		+£0.12
Total Profit from sales	£19,772.10		+£0
Average monthly cash profit	£307.95	(4.3%)	+£0.07
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	41%		+0

I had some dividends and tax rebates, so added 40 shares in POLR:Polar Capital to my AJ Bell account. They cost 429p a share, with a total of £176.60. I don't mind buying less that £500 in my AJ Bell account, as the dealing charge is only £5.

Portfolio value only dropped by £394 thanks to increases in magic formula shares. Potential profits took a hit of £241 mostly from the drop in PAF:Pan African Resources. I also had £81 dividends made up by £14 from AJB:AJ Bell, £42 from FDM:FDM Group and £24 from PAGE:Pagegroup. That allowed my long term performance to tick up by 7p a month. It could be if I get enough dividends, then my performance will rise without me needing to sell anything.

Still sliding.

At least this one is only just below the trend line

I've requested a £2,500 pension transfer which probably won't appear for a few weeks, but I'm starting to plan what to buy. I'm very tempted to add more CAML:Central Asia Metals, but if PAF:Pan African Resources slips any more, then I may buy some more of those. I think I'm likely to buy existing shares rather then new companies this time. There is however BRK:Brooks Macdonald that I've been watching. They had been on a relentless slide but have been increasing for the last 2 months so it may be safe to buy them now. We shall see...