Week 479 Review - A positive week, but Jubilee Metals continues to slide.

There wasn't much change this week, although the relentless slide of JLP:Jubilee Metals continued. JLP trading volumes were way up, so could it be that more people want to buy and so the institution shutting down their position can complete faster? I hope so! I may have bought some more...

The week was saved by a decent rise for PBX:Probiotix Health, so the deficit between cost and value narrowed by £1,055 to £126,274 and between injection amount and value to £57,931. Total portfolio value is £103,121.

AFC:AFC Energy was the worst performer, and dropped 16% after a 17% fall last week. The only possible reasons I can think of are a massive short or the recent rise was a blip following the cash raise. Unfortunately they have now halved since I bought them, so yet another failure.

SAE:Simec Atlantis Energy dropped 11% and the recent rally appears short lived.

AAL:Anglo American Mining fell furthest of my copper stocks, but all were down this week. AAL dropped 5% but are still only 8% down, so I'm hoping for them to go into the black soon.

PSN:Persimmon suffered from some panic selling in house builders and dropped 5% but are still 9% up.

Only two big risers this week, and both microbiome shares. OPTI:Optibiotix remained flat, but SBTX:SkinBioTherapeutics went up 17% after announcing another acquisition, and this time with sensible financing. There's anticipation of a Croda announcement this year too, so they may overtake OPTI if no news comes from there.

Share of the Week is PBX:Probiotix Health which zoomed up 43% after a decent set of results and announcing a few new deals. Let's hope some agreement can be made on the recent share issue to prevent half the board being sacked next month.

Here's the ISA and shares portfolio after week 11 of year 10.

			Weekly Change
Cash	£40.35		+£0
Portfolio cost	£111,188.18		+£0
Portfolio sell value (bid price-commission)	£42,975.74	(-61.3%)	+£571.09
Potential profits	£422.00		+£6.98
Yr 10 Dividends	£20.65		+£0
Yr 10 Interest	£0.34		+£0
Yr 10 Profit from sales	£149.75		+£0
Yr 10 proj avg monthly profit	£59.18	(0.9%)	-£5.92
Total Dividends	£12,243.14		+£0
Total Interest	£7.14		+£0
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£269.49	(4.0%)	-£0.57
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	36%		+0%

Tiny increase in potential profits as CWR:Ceres Power nudged up, and although nice to see a rise in portfolio value, it's tiny compared to recent losses.

Will it last more than a week?

Well below the trend line still.

The SIPP looks like this after week 463 overall and week 47 of year 9.

			Weekly Change
Cash	£134.43		-£304.61
Portfolio cost	£115,895.61		+£329.95
Portfolio sell value (bid price - commission)	£58,816.22	(-49.3%)	+£473.14
Potential profits	£5,053.10		-£190.90
Yr 9 Dividends	£1,125.74		+£36.62
Yr 9 Interest	£6.35		+£0
Yr 9 Profit from sales	£5,534.36		-£136.28
Yr 9 proj avg monthly profit	£595.78	(9.3%)	-£22.34
Total Dividends	£15,760.62		+£36.62
Total Interest	£12.28		+£0
Total Profit from sales	£16,370.26		-£136.28
Average monthly cash profit	£288.09	(4.5%)	-£1.56
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

Quite a lot going on.

First there was the announcement by the President of Burkina Faso that they are contemplating revoking some mining licenses so they can produce their own gold. That caused a drop in the EDV:Endeavour Mining share price, as they have several of their mines there. I've been concerned about EDV for a while, as they should be way higher up my magic formula list, so I decided not to risk them losing out, seeing as I have a bad track record for this sort of thing. I sold my 51 shares for 1642.574p after paying 1942.548p and took a £181.84 (17.5%) loss. However, if you include the £65 dividends it's more like a 12% loss.

I wanted to keep gold money in gold, so added to my holding in PAF:Pan African Resources. I bought 2,834 shares at 35.2775p costing £1,016.71.

I also had my monthly investment this week, buying another 4 shares in FOUR:4imprint at 5249.1909p per share costing £212.52. They did their usual trick of increasing in value just before I bought them and dropping afterwards. I do wonder if the market makers are looking at all the monthly savings schemes and ensuring they have to buy as high as possible. Just another 2 month of buying these before I switch to something else.

The sell-off of JLP:Jubilee Metals has accelerated this week, with huge volumes, but the price is holding. That suggests the demand is as strong as the seller, and once the seller is finished, there could be a very rapid re-rate. I decided I needed to buy some more while they are so low, and looked at shares I could sell that don't qualify as a magic formula share but are in profit. The only one was NG.:National Grid. I know it's in my SIPP and I'm only meant to buy dividend-paying shares in my SIPP, but I see this as a rare opportunity to get cheap shares I can sell fairly soon and use the proceeds for more dividend-paying shares. I know that tactic has failed me in the past, but everything indicates the JLP share price should be at least double what it is now.

I sold my 126 NG.:National Grid shares for 992.934p and made £45.56 (4.2%) profit, or 7% if you include the £39 dividend.

I bought 28,736 shares in JLP:Jubilee Metals at 4.489p costing £1,301.91. They are 4.45p to sell, so not far below my purchase price. My target is to sell at 9p for around 100% profit and buy dividend paying shares with the proceeds.

I got £36 in dividends, made up of £15 from EDV:Endeavour Mining, £9 from GSK:GSK and £11 from PAGE:Pagegroup.

Potential profit actually fell by £190, but portfolio value went up by £473. My performance suffered a little due to taking the loss.

Same as ISA

A bit closer to the trend line in this one, but still below it.

The trading account looks like this after week 429 overall and week 13 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,091.51	(-47.4%)	+£11.12
Potential profits	£0		+£0
Year 9 Dividends	£0		+£0
Year 9 Interest	£0		+£0
Year 9 Profit	£0		+£0
Yr 8 proj avg monthly profit	£0	(+0%)	+£0
Dividends	£85.46		+£0
Interest	£0.03		+£0
Profit from sales	-£602.54		+£0
Average monthly cash profit	-£5.22	(-3.0%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

JLP:Jubilee Metals slipped a little, but SBTX:SkinBioTherapeutics went up more, so potential profit improved by £11. Seems like a long time since I could say that!

A very slight tick upwards.

Still very grim, but for this week I managed to avoid having to adjust the Y axis.

I've realised that my JLP:Jubilee Metals holding has now sneaked up to 415,458, making it by far my biggest holding in terms of number of shares, and at a cost of £30,898.20 my 2nd largest holding other than OPTI:Optibiotix by some margin. The way things currently stand, I'm less concerned about the long term future of JLP than I am for OPTI, which is saying something given they are an African miner! I guess it is still high risk, but surely the current seller has to run out of shares soon?

I have £2,000 arriving in my SIPP this week. Do I stick to my plan and buy N91:Ninety One and POLR:Polar Capital Holdings, or do I get a great big pile of JLP:Jubilee Metals? Decisions, decisions...

Week 478 Review - More misery as Optibiotix and Jubilee Metals both drop yet again.

Absolute total misery. Things are meant to buck up in September, but nearly everything fell in value this week, and most notably OPTI:Optibiotix and JLP:Jubilee Metals, my two largest holdings continue to slide. My deficit between cost and value widened by £3,733 to £127,324 and deficit between injection amount and value is now £58,887. Portfolio value dropped to £102,040 and is dangerously close to slipping below £100k despite a load of recent injections of cash.

AFC:AFC Energy was the worst performer, dropping 17% for absolutely no reason at all. These are now 44% down after being in profit not that long ago.

SAE:Simec Atlantis Energy slipped another 10% to go 78% down.

TLOU:Tlou Energy has been a dreadfully timed purchase, as it's clear the production of electricity is still a lot further away than I thought when I bought back in. They dropped 8% to go 31% down in just a few weeks.

OPTI:Optibiotix continue to slide relentlessly, dropping another 7% this week. There's no sign of any positive news and everything is going tits up with PBX:Probiotix Health where we either sack the CEO and half the board or allow dodgy dealings to dilute 25% of the company from us. I'm down over £84,000 on OPTI, £17,000 on PBX, and £4,800 on SBTX:SkinBioTherapeutics. That's a paper loss of £105,000 just on microbiome shares, after already losing £18,700 when DDDD:4D Pharma went bust. There is no prospect of any upside anywhere. I've never felt so bad about owning shares in these bloody companies!

FXPO:Ferrexpo are very volatile. They dropped 6% and are now 91% down so I don't need to report on them any more.

JLP:Jubilee Metals went up last week for the first time in ages, and I hoped the big seller was gone. However they are still selling, and results this week were underwhelming, with a huge drop in earnings per share due to recent placings. They dropped 6% this week.

GSK:GSK are still being rubbish and dropped another 5% to go 11% down.

CMCL:Caledonia Mining did really well last week, and went up another 5% this week to make me very happy. They are now 12% in profit.

PAF:Pan African Resources went up 7% and one holding has turned purple as it's now up by 102%.

Share of the Week for the 2nd week in a row is CWR:Ceres Power, climbing another 12% to go 27% up. I really hope this isn't a short-term spike, as I'd like one ISA share to be capable of staying in the black.

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

			Weekly Change
Cash	£40.35		+£17.11
Portfolio cost	£111,188.18		+£0
Portfolio sell value (bid price-commission)	£42,404.65	(-61.9%)	-£2,241.42
Potential profits	£415.02		+£202.42
Yr 10 Dividends	£20.65		+£20.65
Yr 10 Interest	£0.34		+£0.23
Yr 10 Profit from sales	£149.75		+£0
Yr 10 proj avg monthly profit	£65.10	(1.0%)	+£1.02
Total Dividends	£12,243.14		+£20.65
Total Interest	£7.14		+£0.23
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£270.07	(4.0%)	-£0.41
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	36%		+0%

Big drop in portfolio value as usual. I got £9 dividend from CAPD:Capital and £11 from WHR:Warehouse REIT, and potential profits went up another £202 thanks to CWR:Ceres Power.

Still the relentless decline

I can now safely say the rise a few months ago was nothing more than a blip.

The SIPP looks like this after week 462 overall and week 46 of year 9.

			Weekly Change
Cash	£439.04		+£322.90
Portfolio cost	£115,565.66		+£0
Portfolio sell value (bid price - commission)	£58,013.13	(-49.8%)	-£1,444.27
Potential profits	£5,244.00		+£209.99
Yr 9 Dividends	£1,089.12		+£87.72
Yr 9 Interest	£6.35		+£1.37
Yr 9 Profit from sales	£5,670.64		+£0
Yr 9 proj avg monthly profit	£618.12	(9.7%)	-£6.77
Total Dividends	£15,724.00		+£87.72
Total Interest	£12.28		+£1.37
Total Profit from sales	£16,506.54		+£0
Average monthly cash profit	£289.65	(4.5%)	+£0.05
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

Cash increased due to monthly investment cash being paid in, the usual big drop in portfolio value, but the usual increase in potential profits, this week by £209. Lots of dividends, with £13 from AAL:Anglo American Mining, £31 from APAX:Apax Global Alpha, £10 from CAPD:Capital and £32 from CEY:Centamin. One more bad week and I'll be down by over 50%.

Very familiar story.

Blip blippety blip.

The trading account looks like this after week 428 overall and week 12 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,080.39	(-47.9%)	-£47.84
Potential profits	£0		+£0
Year 9 Dividends	£0		+£0
Year 9 Interest	£0		+£0
Year 9 Profit	£0		+£0
Yr 8 proj avg monthly profit	£0	(+0%)	+£0
Dividends	£85.46		+£0
Interest	£0.03		+£0
Profit from sales	-£602.54		+£0
Average monthly cash profit	-£5.23	(-3.0%)	+£0.02
(Sold stocks profit + Dividends - Fees / Months)

Absolute carnage, with a big drop in JLP:Jubilee Metals showing I was completely wrong thinking things had turned around last week. In fact they are much worse, and it's looking like a long wait for any reversal. I'm dreading news that they are placing a load more shares to buy more copper reserves - it's going to happen at some point, which is probably one of the reasons for all the selling.

Nearly 6 months of continual decline.

If things don't turn around next week I'll have to adjust the chart axis as we'll go bellow £1,000 in the red.

I have at least written this update on time, and also completed the 2 previous weeks that I couldn't bring myself to write. Suffice to say I'm extremely miserable, and wish I'd adopted my new strategy a long time ago so I didn't have any crappy microbiome shares in my SIPP. I should be getting a £2,000 pension transfer this week, but Legal & General have become incredibly slow at processing the transfer requests recently. They always send me a questionnaire afterwards, so I think this time I'll complete it and have a moan. 

I was planning to get N91:Ninety One with half the transfer, but they have gone up 15% in the last few weeks so I may have missed my chance. Having said that, they are still half what the were a few years ago and with a P/E ratio of 10, so although I've missed out on 15% I may still get them in time. Knowing my luck they will plummet the day after I buy them.

My other target purchase is POLR:Polar Capital Holdings, which I've held in the past. They pay a great dividend. They've had a bit of a drop recently, but are fairly stable with P/E ratio of 13, so no worries about buying back into them.

I'm also due my monthly investment in FOUR:4imprint where I'll buy another 4 shares. They are fractionally below what I've already paid for them, whereas a few weeks ago they were well below. As usual my monthly investment target surges just before I buy them then drop just after! I normally get the same share for 4 months to take me to £1,000, but these are leaving quite a lot of change and I'll be well under that, so I'll continue buying them for a 5th month to make sure I invest over £1,000.

Week 477 Review - Optibiotix drags the portfolio down yet again.

It was a mixed week, with some big fallers but plenty of big climbers. Unfortunately the biggest faller was OPTI:Optibiotix, which dropped 2p and that took over £4,000 off my portfolio value. Fortunately gains elsewhere meant the deficit only widened by £3,372 to £123,591 and deficit between injection amount and value went up to £55,243. Total portfolio value dropped to £105,434.

OPTI:Optibiotix was the worst performer, dropping 12% after predictably underwhelming interim results. Given the fiasco with the way both SBTX:SkinBioTherapeutics and PBX:Probiotix Health are being run, and given the vast losses I suffered when DDDD:4D Pharma went bust, I'm concerned that my faith in microbiome shares was horribly misplaced. I guess it was a binary chance. I was either going to do really well or really badly, but it's currently looking like none of the promises being made are ever coming to anything. There have just been a relentless series of disappointments, and nothing is pointing to that ever changing. Buying more in my ISA the other week was a daft thing to do, as my SIPP holdings will never be sellable other than at a huge loss.

SAE:Simec Atlantis Energy fell 9% and are now 75% down, and the brief excitement of a few weeks ago seems to have been forgotten.

TRX:Tissue Regenix dropped 9% completely out of the blue. I thought this had turned a corner, but once again I was wrong.

CORE:Solidcore Resources was Share of the Week last week, climbing 10%, but gave back a significant proportion, dropping 6% this week.

APAX:Apax Global Alpha fell another 5% to go 26% down, and is one of my poorly performing magic formula shares. I have had £145 dividends though, so I'm only really down 13%.

PAGE:Pagegroup reversed their serial decline and went up 5% and are now 22% down.

ATYM:Atalaya Mining had a great week as commodity prices surged, climbing 8% and are only 9% down now.

CMCL:Caledonia Mining went up 8% and into profit, with my holding up by 7%. That's while CEY:Centamin is standing still, so I think selling was the right thing to do.

RIO:Rio Tinto went up 11% after slipping for months. They are only 11% down now.

AAL:Anglo American Mining did even better than the other miners, climbing 14% to go just 3% down.

Share of the Week is CWR:Ceres Power, who produced a terrific set of results and zoomed up 29% to go into profit by 14%. One of my speculative ISA shares is finally doing something positive!

Here's the ISA and shares portfolio after week 9 of year 10.

			Weekly Change
Cash	£23.24		+£0
Portfolio cost	£111,188.18		+£0
Portfolio sell value (bid price-commission)	£44,645.74	(-59.8%)	-£1,723.79
Potential profits	£212.60		+£212.60
Yr 10 Dividends	£0		+£0
Yr 10 Interest	£0.11		+£0
Yr 10 Profit from sales	£149.75		+£0
Yr 10 proj avg monthly profit	£64.08	(0.9%)	-£8.01
Total Dividends	£12,222.49		+£0
Total Interest	£6.91		+£0
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£270.47	(4.0%)	-£0.57
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	36%		+0%

Big drop thanks to OPTI:Optibiotix, but potential profit up from £0 to £212 thanks to CWR:Ceres Power.

And still the decline continues.

Horrid.

The SIPP looks like this after week 461 overall and week 45 of year 9.

			Weekly Change
Cash	£116.14		-£105.65
Portfolio cost	£115,565.66		+£503.47
Portfolio sell value (bid price - commission)	£59,457.40	(-48.5%)	-£1,664.68
Potential profits	£5,034.01		+£102.69
Yr 9 Dividends	£1,001.40		+£22.82
Yr 9 Interest	£4.98		+£0
Yr 9 Profit from sales	£5,670.64		+£0
Yr 9 proj avg monthly profit	£624.89	(9.8%)	-£11.95
Total Dividends	£15,636.28		+£22.82
Total Interest	£10.91		+£0
Total Profit from sales	£16,506.54		+£0
Average monthly cash profit	£289.60	(4.6%)	-£0.41
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

I had built up around £250 cash from tax rebates and dividends, so I added another £250 and topped up my holding in IPX:Impax Asset Management, as they are top of my magic formula rankings and the price is still very low. I bought 127 shares at 392.497p costing £503.47. They promptly fell in value some more.

Portfolio value dropped for reasons already stated, but despite that, potential profits grew by £102 and are now above £5,000. I also got a £22 dividend from RIO:Rio Tinto.

Grumble grumble...

Well below the trend line and dragging it lower.

The trading account looks like this after week 427 overall and week 11 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,128.23	(-45.6%)	+£15.95
Potential profits	£0		+£0
Year 9 Dividends	£0		+£0
Year 9 Interest	£0		+£0
Year 9 Profit	£0		+£0
Yr 8 proj avg monthly profit	£0	(+0%)	+£0
Dividends	£85.46		+£0
Interest	£0.03		+£0
Profit from sales	-£602.54		+£0
Average monthly cash profit	-£5.25	(-3.0%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

Amazingly this went up thanks to a 0.1p rise in JLP:Jubilee Metals. Is this the start of the turnaround?

Onward and upwards from here!

The trend line still points up...

A week late writing this up. It would be nice to have a positive week so I actually want to write this!

Week 476 Review - Dreadful week for all microbiome shares widens deficit.

A mixed week with some big risers and fallers, but a dreadful week for all my microbiome shares led to a widening in the deficit between cost and value of £4,951 to £120,218 and the deficit between injection and amount and value grew to £52,014. Total portfolio value dropped to £108,413.

SBTX:SkinBioTherapeutics plummeted 16%, PBX:Probiotix Health dropped a similar 13% and OPTI:Optibiotix dropped 8%, so looks like the microbiome is well out of favour. It could also be that there's no demonstrable progress from any of the companies.

GSK:GSK has been utterly rubbish lately and dropped 6% this week, which is a lot for a big global company.

IGG:IG Group has been on a really good run, but gave up 6% of recent gains this week. They are still up by 10% though.

ALU:Alumasc Group continue to impress, with a 6% rise taking them to 46% up in a very short amount of time.

ASHM:Ashmore Group have been realy struggling, but climbed 8% this week. They are still 28% down though.

Share of the Week is CORE:Solidcore Resources, which finally reacted to the increase in gold prices and went up by 10%. This puts them 83% down, but I can start reporting on them again. I still await their London re-listing now all ties with Russia are gone.

Here's the ISA and shares portfolio after week 8 of year 10.

			Weekly Change
Cash	£23.24		-£4.56
Portfolio cost	£111,188.18		+£0
Portfolio sell value (bid price-commission)	£46,369.53	(-58.3%)	-£3,137.13
Potential profits	£0		+£0
Yr 10 Dividends	£0		+£0
Yr 10 Interest	£0.11		+£0
Yr 10 Profit from sales	£149.75		+£0
Yr 10 proj avg monthly profit	£72.09	(1.1%)	-£13.13
Total Dividends	£12,222.49		+£0
Total Interest	£6.91		+£0
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£271.04	(4.0%)	-£0.61
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	36%		+0%

Very little happened other than the portfolio value dropping horribly. The drop in cash was partly monthly fees and partly doing a cross-check to the actual accounts. Not sure where I lost 81p, but it's probably an AJ Bell fee.

Looks better than it really is

Looks as bad as it really is

The SIPP looks like this after week 460 overall and week 44 of year 9.

			Weekly Change
Cash	£221.79		+£18.58
Portfolio cost	£115,062.19		+£0
Portfolio sell value (bid price - commission)	£60,623.61	(-47.3%)	-£1,754.45
Potential profits	£4,931.32		+£402.77
Yr 9 Dividends	£978.58		+£21.21
Yr 9 Interest	£4.98		+£0
Yr 9 Profit from sales	£5,670.64		+£0
Yr 9 proj avg monthly profit	£636.84	(10.0%)	-£12.94
Total Dividends	£15,613.46		+£21.21
Total Interest	£10.91		+£0
Total Profit from sales	£16,506.54		+£0
Average monthly cash profit	£290.01	(4.6%)	-£0.46
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+0%

I got £7 dividend from ATYM:Atalaya Mining, £2 from my miniscule holding in FOUR:4imprint and £11 from GAW:Games Workshop. Potential profits went up £402 thanks to my gold miners and magic formula shares, but portfolio value dropped significantly. I want to lose my microbiome shares from the SIPP but need them to increase by quite a lot before I'm prepared to sell.

Getting quite a long way from the injection line after coming so close a few months back.

Even this account has dropped below the trend line.

The trading account looks like this after week 426 overall and week 10 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,112.28	(-46.4%)	-£71.96
Potential profits	£0		+£0
Year 9 Dividends	£0		+£0
Year 9 Interest	£0		+£0
Year 9 Profit	£0		+£0
Yr 8 proj avg monthly profit	£0	(+0%)	+£0
Dividends	£85.46		+£0
Interest	£0.03		+£0
Profit from sales	-£602.54		+£0
Average monthly cash profit	-£5.26	(-3.0%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

What can I say - everything fell.

A progressive failure for around 4 months

I'm amazed the trend line is still pointing upwards.

I'm 3 weeks late writing this. The next 2 weeks don't get any better...

Week 475 Review - A rare positive week, but nowhere near enough to make up for recent losses.

A positive week for a change, with the deficit between cost and value narrowing by £655 despite taking over £750 profit. The deficit now stands at £115,255 and deficit between injection and value is £47,064. Total portfolio value is now £113,255.

My worst performer was one of my recent acquisitions, which it appears was badly timed. TLOU:Tlou Energy dropped 13% and is 26% down in 2 weeks, but does have a massive spread. I'm hoping news of electricity generation before Christmas should see a significant re-rate.

JLP:Jubilee Metals is still being sold into, and dropped another 6%. However, on Friday it appeared that there was no big seller, and the price went up for the first time in months. I await next week with baited breath.

PBX:Probiotix Health climbed 14% but is still 81% down, but back to a point where I have to report price movements. It looks like a shareholder revolt is under way after the recent raise, with a proposal that the raise should be offered to existing shareholders and the person who benefited from the original raise only buys what isn't taken up by existing shareholders, which is the way it should have been done in the first place rather than just claiming that they couldn't get anything from existing shareholders, which is bullshit given they didn't even ask us.

III:3i Group and RIO:Rio Tinto both went up 5% and recovered some of last week's losses. III is now up 98% and will get purple colouring in my summary listing if it gets to 100%.

ASHM:Ashmore Group and SBTX:SkinBioTherapeutics both went up 6%. The SBTX rise may be due to bulletin board hype so is likely to be short lived.

CAML:Central Asia Metals recovered massively from recent losses and rose 9%, with my main SIPP holding going 6% back into profit.

PAF:Pan African Resources benefited from a surge in the price of gold, and went up 10%. My main holding is up 84% so that's in danger of going purple soon.

Share of the Week should have been CEY:Centamin, as it went up 27% after announcing it was being taken over. Unfortunately I didn't like the look of the company that was taking them over, as they pay a puny dividend and have huge debt, so it looked like asset stripping on the cheap. I sold my holding rather than wait for the shares and £180 cash I would have had.

That means Share of the Week goes to EDV:Endeavour Mining, which has been rubbish since I bought them, but which went up 18% this week due to a combination of gold price and announcing pouring from two new projects which should see a big swing from capital expenditure towards shareholder returns. My holding is only 8% down now.

Here's the ISA and shares portfolio after week 7 of year 10.

			Weekly Change
Cash	£27.80		+£0
Portfolio cost	£111,188.18		+£0
Portfolio sell value (bid price-commission)	£49,506.66	(-55.5%)	-£467.50
Potential profits	£0		+£0
Yr 10 Dividends	£0		+£0
Yr 10 Interest	£0.11		+£0
Yr 10 Profit from sales	£149.75		+£0
Yr 10 proj avg monthly profit	£85.22	(1.3%)	-£14.20
Total Dividends	£12,222.49		+£0
Total Interest	£6.91		+£0
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£271.65	(4.0%)	-£0.57
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	36%		+0%

Although this was a positive week, the ISA fell £467 mostly due to the drop in JLP:Jubilee Metals.

Still falling

Now running parallel to and below the trend line.

The SIPP looks like this after week 459 overall and week 43 of year 9.

			Weekly Change
Cash	£203.21		-£445.00
Portfolio cost	£115,062.19		+£1,214.16
Portfolio sell value (bid price - commission)	£62,378.06	(-45.8%)	+£1,156.18
Potential profits	£4,528.55		+£677.45
Yr 9 Dividends	£957.37		+£0
Yr 9 Interest	£4.98		+£0
Yr 9 Profit from sales	£5,670.64		+£772.89
Yr 9 proj avg monthly profit	£649.78	(10.3%)	+£64.27
Total Dividends	£15,592.25		+£0
Total Interest	£10.91		+£0
Total Profit from sales	£16,506.54		+£772.89
Average monthly cash profit	£290.47	(4.6%)	+£6.68
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	40%		+1%

Portfolio value went up by £1,156 and potential profits went up £677 to reverse all last week's losses, despite me taking £772 profit.

I sold my 1878 CEY:Centamin shares for 149.305p making £772.89 (38%) profit. I've also had £139 dividends, with a last dividend due on 27th September. These were loss making for a long time, but came really good in the end, and I wish I could have kept them.

I wanted to re-invest most of the returns in gold so I don't lessen my exposure just as the price is going up.

I bought 3,352 more shares in PAF:Pan African Resources at 29.8249p costing £1,016.68. That increased my weighted average for that holding from 17.3p to 21.9p so they are only up by 42% compared to around 80% before the purchase, but if they continue upwards the rewards will be greater.

I didn't buy any more EDV:Endeavour Mining, which I regret a little as they surged just after I would have bought them. Instead I bought 102 shares in CMCL:Caledonia Mining at 972.5p costing £1,003.90. Although I have a bad track record with these, making a loss every time I've owned them, they are near the top of my magic formula ranking whereas EDV are way, way down.

I didn't spend the remaining cash on gold, as I really want to increase my holding on CAML:Central Asia Metals before their next dividend. I bought 560 shares at 178.46p costing £1,011.33. They closed the week at 188.4p, so yippee! I will be buying more as soon as I possibly can.

I also had my monthly investment, so got another 4 shares in FOUR:4imprint at 5064.464p costing £205.09. They dropped in price by the end of the week so my holding is down 9%, but I don't mind them dropping while I'm still accumulating, which I will be doing for another 3 months.

Year 9 performance went back above 10% with just 9 weeks of the year left, but long term performance only improved by 0.1% so it's going to take an awful lot to get that anywhere near 10%.

A nice tick up.

I guess touching the trend line is better than being below it.

The trading account looks like this after week 425 overall and week 9 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,184.24	(-42.9%)	-£32.83
Potential profits	£0		+£0
Year 9 Dividends	£0		+£0
Year 9 Interest	£0		+£0
Year 9 Profit	£0		+£0
Yr 8 proj avg monthly profit	£0	(+0%)	+£0
Dividends	£85.46		+£0
Interest	£0.03		+£0
Profit from sales	-£602.54		+£0
Average monthly cash profit	-£5.27	(-3.1%)	+£0.01
(Sold stocks profit + Dividends - Fees / Months)

SBTX:SkinBioTherapeutics went up 6% but it wasn't enough to offset the 6% drop in JLP:Jubilee Metals, so we're down by £32.

The relentless decline continues.

It's hard to look at, especially given the profit I could have sold one of my JLP:Jubilee Metals holdings for if I hadn't forgotten how trading accounts are meant to work.

It's nice to have a positive week for a change, and it's encouraged me to catch up on writing this, as I needed to publish the last 2 weeks of horror losses before I could do this one. Hopefully I can be motivated to keep up to date from now on. After all, it's St Leger day on Saturday!

Week 474 Review - Absolute disaster with huge losses across the whole portfolio

Such a depressing week. The biggest problem was caused by a 3.5p drop in OPTI:Optibiotix, which contributed £7,000 of my losses, but the total increase in the deficit between cost and value was £10,677, taking it to £115,911, with deficit between injection amount and value up to £48,489, and portfolio value down to £111,938 despite injecting £5,000.

Thirteen of my companies dropped in price by 5% or more. A few are down for a reason, but most just seem to be hit by bad sentiment.

IES:Invinity Energy were hit hardest, falling 46% after a profit warning. It doesn't really matter as they were virtually worthless anyway, and now they are down by 94% I no longer need to report price movements.

Next biggest loser was more serious, with OPTI:Optibiotix dropping 16%. That's after 2 weeks of 6% drops. Most of it was probably caused by a highly dilutive cash raise by spin-off PBX:Probiotix Health and the ensuing spat and threats of legal action. All that also caused PBX to slump by 13%, so a bit of a disaster all round. I'm now concerned that PBX is in the hands of a crooked CEO giving over 20% of the company to his mate for pretty much a 50% discount to share price when no cash was actually needed. It's a big worry.

FXPO:Ferrexpo dropped 13% with fears that Russia will actually take the land where they are based and nick all their assets. At least now this one is 92% down, I don't need to report price movements any more.

I bought back into TLOU:Tlou Energy this week, in an attempt to get back the £2k I lost when I sold them last time. I bought 57,803 shares at 1.73p costing £1,004.99. I've been in and out of these a lot over the years, and am down about £1,400 altogether, but they have completed the electricity transmission lines and almost completed the substation, so could be selling electricity this calendar year. I decided now was the time to try and at least get my losses back.

CAML:Central Asia Metals dropped a massive 9% as copper got absolutely trounced. AAL:Anglo American Mining and ATYM:Atalaya Mining didn't do much better, dropping 8% each.

IHP:Integrafin had gone green, but dropped 7% this week for no reason and are now 5% down.

PAGE:Pagegroup continue to be rubbish, dropping 6% to go 28% down.

CEY:Centamin dropped 5% despite the price of gold staying at $2,500 so I don't know what on earth is happening here.

GAW:Games Workshop is usually my most stable share, but dropped 5% this week but is still up by 7% altogether.

RIO:Rio Tinto joined the other miners and fell 5% to go 25% down.

One share managed a decent rise, and it was almost the only share to even go up at all. ALU:Alumasc Group has been soaring and is probably my best timed investment ever. They went up another 6% this week and are 38% up now, and win Share of the Week for a 2nd week in a row.

Here's the ISA and shares portfolio after week 6 of year 10.

			Weekly Change
Cash	£27.80		-£53.65
Portfolio cost	£111,188.18		+£5,049.91
Portfolio sell value (bid price-commission)	£49,974.16	(-55.1%)	-£5,295.06
Potential profits	£0		-£916.88
Yr 10 Dividends	£0		+£0
Yr 10 Interest	£0.11		+£0
Yr 10 Profit from sales	£149.75		+£0
Yr 10 proj avg monthly profit	£99.42	(1.5%)	-£23.13
Total Dividends	£12,222.49		+£0
Total Interest	£6.91		+£0
Total Profit from sales	£18,027.59		+£0
Average monthly cash profit	£272.22	(4.0%)	-£0.61
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	36%		-3%

I cashed in £5,000 of premium bonds in a fit of pique after winning nothing for two months in a row. It was mainly because I want to buy a load more JLP:Jubilee Metals on discovering the reason for the recent fall is an investment fund closing down and selling millions of JLP shares. Once that is finished I see no reason why the price shouldn't go back up to where it was heading last year, especially now copper production is ramping up.

I bought 55,402 shares at 5.478p costing £3,039.92, taking my ISA holding to 275,039 costing £18,575. It's by far my 2nd biggest holding after OPTI:Optibiotix. I also have 38,080 shares in my dealing account, 15,949 in my trading account and 57,654 in my SIPP, all of which I plan to sell as soon as they are in profit.

I mentioned the shares I bought in TLOU:Tlou Energy in the intro section, so that left me another £1,000 to invest. In order to increase the number of OPTI:Optibiotix shares I can sell in my SIPP, I bought another 4,792 at 20.868p costing £1,004.99. I've sidelined a similar number in the SIPP ready to sell so have a total of 27,083 I can sell, with another 78,963 I'll retain unless I can get some more in the ISA. After building up my holding over all these years I don't want it to go below 200,000 shares, but I do want to drastically reduce the number in my SIPP.

Huge drop in portfolio value as nearly everything crashed, and all £916 potential profits also wiped out as even my cheap OPTI:Optibiotix holding dropped to a loss.

Big increase in injection and cost, but value stays flat.

Absolutely devastating.

The SIPP looks like this after week 458 overall and week 42 of year 9.

			Weekly Change
Cash	£648.21		+£233.34
Portfolio cost	£113,848.03		+£0
Portfolio sell value (bid price - commission)	£60,007.72	(-47.3%)	-£5,356.60
Potential profits	£3,851.10		-£637.46
Yr 9 Dividends	£957.37		+£0
Yr 9 Interest	£4.98		+£0
Yr 9 Profit from sales	£4,897.75		+£0
Yr 9 proj avg monthly profit	£585.51	(9.2%)	-£16.04
Total Dividends	£15,592.25		+£0
Total Interest	£10.91		+£0
Total Profit from sales	£15,733.65		+£0
Average monthly cash profit	£283.79	(4.5%)	-£0.78
(Sold stocks profit + Dividends - Fees / Months)
Compound performance	39%		-1%

Cash went up thanks to me monthly savings being added. Big drop in value and £637 wiped off potential profits, and that's mostly FTSE shares.

Not looking so promising any more

Just as devastating as the ISA

The trading account looks like this after week 424 overall and week 8 of year 9.

			Weekly Change
Cash	£63.39		+£0
Portfolio cost	£2,073.87		+£0
Portfolio sell value (bid price - commission)	£1,217.07	(-41.3%)	-£25.96
Potential profits	£0		+£0
Year 9 Dividends	£0		+£0
Year 9 Interest	£0		+£0
Year 9 Profit	£0		+£0
Yr 8 proj avg monthly profit	£0	(+0%)	+£0
Dividends	£85.46		+£0
Interest	£0.03		+£0
Profit from sales	-£602.54		+£0
Average monthly cash profit	-£5.28	(-3.1%)	+£0.02
(Sold stocks profit + Dividends - Fees / Months)

The JLP:Jubilee Metals slide continues, as this account dwindles towards nothing.

It's a very steady decline.

Horror show.

The only faint hope I have is that at some point the fund will stop selling their JLP:Jubilee Metals holding and we may get some recovery. The fact I've bought tons at this cheap price makes me feel a bit better.