Week 577 Review - Massive SIPP change after re-generating magic formula rankings

This might take a while to write, as I cashed in a load of profits in my SIPP and replaced shares that fell out of the top 50 ranking with shares in the top 30. I'm happy to say most of my shares remain in the top 50, as I would rather hold onto them.

The result was a widening in the deficit between cost and value of £2,663 to £148,791, but that was after cashing in £3,359 of profit, so it was really an up week. The deficit between injection and value grew to £54,763 and total portfolio value went up to £133,725.

Given gold stayed up during the week and results were very good, it's a real surprise that my worst performer was GGP:Greatland Resources, which dropped 7%.

IES:Invinity Energy have been drifting, and fell another 6% this week.

I thought FNX:Fonix had started to turn around, but they dropped 5% this week.

Two of my brand new holdings got off to a bad start, with SRB:Serabi Gold and WVIA:Winvia Entertainment both dropping 5% from when I bought them.

There were very few big risers this week.

CORE:Solidcore Resources climbed 6% and it was interesting that a new investor offered to buy my shares vie a tender offer, but they had the cheek to offer less than the current share price. It did make me wonder if these may be considering re-listing in UK.

MSI:MS International also went up 6% so my holding is 25% up now.

Share of the week is ATYM:Atalya Mining, which climbed 12% as the price of copper went up. These are now above the recent placing price and my holding is up 27% and making £1,158 potential profit. I'm hoping these will be a long term holding.

Here's the ISA and shares portfolio after week 5 of year 12.

			Weekly Change
Cash	£86.57		-£4.27
Portfolio cost	£114,277.52		+£422.52
Portfolio sell value (bid price-commission)	£31,634.75	(-72.3%)	+£401.58
Potential profits	£179.60		-£4.34
Yr 12 Dividends	£418.25		+£418.25
Yr 12 Interest	£0 .03		+£0
Yr 12 Profit from sales	£0		+£0
Yr 12 proj avg monthly profit	£355.90	(4.9%)	+£364.13
Total Dividends	£12,993.15		+£418.25
Total Interest	£10.42		+£0
Total Profit from sales	£15,798.12		+£0
Average monthly cash profit	£211.29	(2.9%)	+£2.78
(Sold stocks profit + Dividends - Fees / Months)

I got a gigantic £418 dividend from TRU:Trufin, and as their share price hasn't recovered from ex-dividend day, I re-invested it in the same company, buying 427 shares at 97.78p costing £422.52. That increased by holding by 50% and reduced my average price to 105.6p.

Portfolio value went up a small amount, and potential profits dropped by just £4. The dividend took me into positive performance for year 12.

Still remarkably flat.

Just above the trend line.

The dividend give us a little nudge upwards.

The SIPP looks like this after week 561 overall and week 41 of year 11.

			Weekly Change
Cash	£934.71		+£872.53
Portfolio cost	£167,191.61		+£2,549.88
Portfolio sell value (bid price - commission)	£101,043.10	(-39.6%)	-£3,065.58
Potential profits	£12,633.01		-£2,978.56
Yr 11 Dividends	£1.923.67		+£26.75
Yr 11 Interest	£15.53		+£0
Yr 11 Profit from sales	£12,877.64		+£3,359.91
Yr 11 proj avg monthly profit	£1,548.56	(18.2%)	+£328.17
Total Dividends	£20,143.87		+£26.75
Total Interest	£36.23		+£0
Total Profit from sales	£37,544.15		+£3,359.91
Average monthly cash profit	£432.08	(5.1%)	+£25.43

This was a week of significant change, with 8 companies falling out of the top 50 in my magic formula ranking and being sold. I made £3,359 profit on those sales, and although my portfolio value stayed pretty much the same, the difference between cost and value suffered by £3,065 due to the profits being cashed in. That means it would have been an up week if I hadn't sold a load of shares.

I kept almost £1,000 cash in my AJ Bell account to use for monthly purchases of £250. I also got a £26 dividend from UKW:Greencoat UK Wind.

These are the shares I sold

33 shares in CKN:Clarkson at 5046.053p making £469.84 (39.9%) profit.

18 shares in GAW:Games Workshop at 18462p making £1,104.52 (49.7%) profit.

26 shares in RSW:Renishaw at 5018.99p making £206.12 (19.3%) profit.

41 shares in RIO:Rio Tinto at 7671.5644p making £874.75 (38.5%) profit.

206 shares in INVP:Investec at 633.69p making £153.01 (13.8%) profit

785 shares in SBRE:Sabre Insurance at 171.21p making £137.76 (11.4%) profit.

127 shares in KNOS:Kainos Group at 1237.05p making £430.62 (38.4%) profit.

145 shares in BPM:BP Marsh & Partners at 672.55p making £16.72 (-1.7%) loss.

I would normally have kept BPM until it was in profit, but there was something else I wanted to buy, and the loss was miniscule. I kept my larger holding in BPM until it gets into profit, but will sell it then.

Here are the new shares that I bought with the proceeds

Ranked 4, MEGP:ME Group International 869 shares at 125.12p costing £1,099.68

Ranked 9, NICL:Nichols 104 shares at 1139p costing £1,191.51

Ranked 12, MYI:Murray International Trust 292 shares at 372.3525p costing £1,099.66

Ranked 13, KEYS:Keystone Law 186 shares at 587.5p costing £1,099.70

Ranked 16, INPP:International Public Partnerships 780 shares at 139.965p costing £1,098.68

Ranked 19, WVIA:Winvia Entertainment 441 shares at 247.8p costing £1,099.75

Ranked 21, SRB:Serabi Gold 630 shares at 320.25p costing £2,034.62.

Ranked 22, BRWM:Blackrock World Mining Trust 105 shares at 1032.5491p costing £1,096.55

Ranked 29, QLT:Quilter 562 shares at 193.268p costing £1,098.55

Ranked 32, LWDB:Law Debenture 87 shares at 1251.6722p costing £1,099.39. (Note these are outside the top 30 but there are 2 companies I can't buy on ethical grounds in the top 30, so I extended to 32 and I liked the look of this one.

I also bought another 947 shares in AMRQ:Amaroq at 104.8448p costing £999.83 in my Hargreaves Lansdown account, and another 715 at 104.8448p costing £754.64 in my AJ Bell account.

There are 5 companies in the top 30 I still don't own, so shall watch them over the next 6 months and hopefully buy some next time I get a pension transfer. 

Now it's just a case of sitting back and seeing what happens!

The value line is still on the injection line. I dream of getting consistently above it.

The profit taking hit this one quite badly, but we're still above the trend line.

Yes - back above the trend line! Probably not for long, but over the last 12 months I've improved my long-term performance by around £100 per month, which I've got to be happy with. If only I can get the portfolio value back in the black

I was quite sad to see some of my shares go, particularly GAW:Games Workshop, but I also enjoyed the complete lack of any bias when selling. If it fell out of the top 50, then it got sold, however much I liked it. If only I could bring more of my portfolio in line with this form of management. One day I'd love to be able to offload JLP:Jubilee Metals and OPTI:Optibitoix without a massive loss and move the proceeds into this system. I did get to do it with some of my PBX:Probiotix Health shares, so there is hope.

Week 576 Review - Fantastic week for the SIPP thanks to gold rally.

A great week thanks to the gold miners, with the deficit between cost and value improving by £3,630 to £146,127 and the deficit between injection and value reducing to £55,966. Total portfolio value increased to £132,522.

Worst performer was AMP:Ampeak Energy, which dropped 8%. I think that was profit taking after a spike last week. My holding is still 69% down.

If JLP:Jubilee Metals had stayed flat this would have been an even better week, but it fell 8% and dented my gains.

POLR:Polar Capital fell 7% for no obvious reason.

INVP:Investec dropped 6% but most of that was from going ex-dividend.

SBTX:SkinBioTherapeutics drifted another 5% lower after no news.

CORE:Solidcore Resources climbed 6% so my holding is now 49% down. I can't actually sell them, but it gives me hope they'll eventually resume paying a dividend and maybe re-list on the London stock market.

ATYM:Atalya Mining climbed 7% and are pretty much back at the level they were before the placing, with my holding 13% up and making £559 potential profit.

RIO:Rio Tinto went up 8% and my holding is now up by 38% and making £868 potential profit.

PAGE:Michael Page seems to be recovering and climbed another 9% this week. My holding is still down by 56% and I can't average down as it has fallen out of my top 50 ranking. I may get an opportunity to sell if this momentum continues.

GGP:Greatland Resources went up 11% putting my recent holding at 16% up with £165 potential profit, and my older holding up by 70% making £2,407 potential profit.

FRES:Fresnillo climbed 12% but my holding is still down by 12% so I need the same again next week.

PBX:Probiotix Health went up 13% which allowed my small SIPP holding to go into profit, and I sold it as it doesn't qualify for being held in my SIPP, as it's not a magic formula share. I wish I had the chance to offload the other ineligible shares in my SIPP, but they are a long way from getting back into profit.

EDV:Endeavour Mining went up 15% so my holding is now 23% up with £981 potential profit.

PAF:Pan African Resources zoomed up 26% putting my recent smaller holding up by 17% with £250 potential profit, and my original holding up by 346% making £4,786 potential profit.

THX:Thor Explorations had been really frustrating as I couldn't understand the huge drop, but this week they also went up 26% and my holding is now only 17% down. 

Share of the Week is KNOS:Kainos Group, which rocketed up by 33% after stating profits would exceed expectations. That took my holding up by 43% and making £492 potential profit.

Here's the ISA and shares portfolio after week 4 of year 12.

			Weekly Change
Cash	£90.84		+£0
Portfolio cost	£113,855.00		+£0
Portfolio sell value (bid price-commission)	£30,810.65	(-72.9%)	-£516.62
Potential profits	£183.94		-£65.52
Yr 12 Dividends	£0		+£0
Yr 12 Interest	£0 .03		+£0
Yr 12 Profit from sales	£0		+£0
Yr 12 proj avg monthly profit	-£8.23	(-0.1%)	+£2.75
Total Dividends	£12,574.90		+£0
Total Interest	£10.42		+£0
Total Profit from sales	£15,798.12		+£0
Average monthly cash profit	£208.51	(2.9%)	-£0.36
(Sold stocks profit + Dividends - Fees / Months)

Not a great week for the ISA due to the 8% drop in JLP:Jubilee Metals and also drops for SBTX:SkinBioTherapeutics, IES:Invinity Energy and AMRQ:Amaroq. I don't understand how most of my gold miners were in double digit rises, but AMRQ dropped in value. IES and AMRQ are my 2 profitable shares, so potential profits dropped by £65.

It's been pretty flat for a long time now.

Still a fraction above the trend line.

The SIPP looks like this after week 560 overall and week 40 of year 11.

			Weekly Change
Cash	£62.18		-£326.90
Portfolio cost	£164,641.73		+£761.51
Portfolio sell value (bid price - commission)	£101,558.80	(-38.3%)	+£4,147.24
Potential profits	£15,611.57		+£3,096.81
Yr 11 Dividends	£1.896.92		+£0
Yr 11 Interest	£15.53		+£0
Yr 11 Profit from sales	£9,517.73		+£98.00
Yr 11 proj avg monthly profit	£1,220.39	(14.4%)	-£20.40
Total Dividends	£20,117.12		+£0
Total Interest	£36.23		+£0
Total Profit from sales	£34,184.24		+£98.00
Average monthly cash profit	£406.65	(4.8%)	+£0.03

I sold my small holding of 6,068 shares in PBX:Probiotix Health at 9,7775p and made £98:00 (19.7%) profit. I was planning to keep the cash to use for monthly investments, but when AMRQ:Amaroq dropped in price despite the price of gold rocketing, and with the potential for being added to FTSE indices next month, I decided to buy as many as I could. I bought 736 shares in my AJ Bell account at 103.2388p costing £764.84 and I also added £300 to my Hargreaves Lansdown account and bought 465 at 103.23p costing £486.97. I'll be a bit sad if they don't rally next week to catch up the other gold miners.

Portfolio value went up a healthy £4,147, of which £3,096 was increased potential profits. I didn't receive any dividend payments.

I do believe we're just about touching the injection line!

A healthy gap above the trend line, but in the past that has been very short lived. Will this time be any different?

It's time to re-calculate my magic formula rankings, so I'm hoping some of my existing profitable holdings will have dropped out of the top 50 so I can sell them and bring some new blood into the portfolio. I just need to find time to crunch all the numbers.

Week 575 Review - Jubilee Metals helps us have a positive week, otherwise flat.

Not a bad week. It was largely flat, but an increase in JLP:Jubilee Metals helped it into the black. The deficit between cost and value narrowed by £1,861 to £149,757 and the deficit between injection and value reduced to £59,731. Total portfolio value increased to £128,457.

Worst performer was SBTX:SkinBioTherapeutics which dropped 14% and will likely drift until there is news.

DXRX:Diaceutics and RIO:Rio Tinto both dropped 6% for no obvious reason.

YU.:Yu Group fell 5%.

POLR:Polar Capital climbed 5%.

IES:Invinity Energy and PBX:Probiotix Health both zoomed up 14%.

Share of the Week is AMP:Ampeak Energy, which went up 24% but I don't know why. My holding is still 67% down so no imminent hope of getting rid.

Here's the ISA and shares portfolio after week 3 of year 12.

			Weekly Change
Cash	£90.84		-£3.82
Portfolio cost	£113,855.00		+£0
Portfolio sell value (bid price-commission)	£31,327.27	(-72.5%)	+£991.13
Potential profits	£249.46		+£39.98
Yr 12 Dividends	£0		+£0
Yr 12 Interest	£0.03		+£0.03
Yr 12 Profit from sales	£0		+£0
Yr 12 proj avg monthly profit	-£10.98	(-0.2%)	-£2.79
Total Dividends	£12,574.90		+£0
Total Interest	£10.42		+£0.03
Total Profit from sales	£15,798.12		+£0
Average monthly cash profit	£208.87	(2.9%)	-£0.40
(Sold stocks profit + Dividends - Fees / Months)

Most of the £991 was thanks to a modest rise in JLP:Jubilee Metals, and IES:Invinity Energy helped potential profits rise by £39.

Is that a slight rise I see?

Slowly launching above the trend line.

The SIPP looks like this after week 559 overall and week 39 of year 11.

			Weekly Change
Cash	£389.08		-£150.04
Portfolio cost	£163,880.22		+£494.75
Portfolio sell value (bid price - commission)	£96,650.05	(-41.0%)	+£870.13
Potential profits	£12,514.76		-£82.50
Yr 11 Dividends	£1.896.92		+£147.26
Yr 11 Interest	£15.53		+£0.05
Yr 11 Profit from sales	£9,419.73		+£0
Yr 11 proj avg monthly profit	£1,240.79	(14.6%)	-£17.77
Total Dividends	£20,117.12		+£147.26
Total Interest	£36.23		+£0.05
Total Profit from sales	£34,086.24		+£0
Average monthly cash profit	£406.62	(4.8%)	+£0.29

I had a lovely £104 dividend from POLR:Polar Capital, reminding me why I hold them, a less lovely £7 from SOI:Schroder Oriental Income, and £35 from THX:Thor Explorations.

It was monthly investment time, so I bought another 37 shares in BPM:BP Marsh & Partners at 675p costing £249.75 and I bought 14 shares in YU.:Yu Group at 1750p costing £245.00.

A relatively small £870 rise in value, but a £82 drop in potential profits.

The injection line is tantalisingly close.

Still above the trend line, but only just.

This was my last holiday snapshot, so all caught up now. Glad that I was in a better position after the holiday than I was before it.

Week 574 Review - The best week for ages in my SIPP.

An absolutely brilliant week, with strong recoveries for gold miners but also lots of other stocks too. The deficit between cost and value narrowed by £5,446 to £151,619 and the deficit between injection and value reduced to £61,684. Total portfolio value rose to £126,255

Worst performer by miles was TRU:Trufin, which dropped 28%. However, it's kind of a nice drop as it went ex-dividend for a gigantic special dividend. If I had spare cash in my ISA I'd be buying more of these before they return to their pre-dividend price.

FDM:FDM Group dropped 9% and are now 66% down.

RDT:Rosslyn Data dropped 6% and are 85% down so soon I won't have to report on them as they'll officially be a basket case.

AMP:Ampeak Energy drifted down 5%.

N91:Ninety One and RIO:Rio Tinto both went up 5%.

DXRX:Diaceutics, HPOW:H-Power, KNOS:Kainos Group and RSW:Renishaw all went up 6%.

CORE:Solidcore Resources and JHD:James Halstead went up 7%.

ASHM:Ashmore Group, FSG:Foresight Group Holdings, PAGE:Michael Page and W7L:Warpaint London went up 8%.

THX:Thor Explorations climbed 9%.

MSI:MS International went up 10%.

POLR:Polar Capital increased by 12%.

EDV:Endeavour Mining went up 15%.

FRES:Fresnillo went up 16%.

FOUR:4imprint and PAF:Pan African Resources both went up 18%.

Share of the Week is GGP:Greatland Resources which zoomed up an amazing 25% so even my recent purchase went 4% into profit.

Here's the ISA and shares portfolio after week 2 of year 12.

			Weekly Change
Cash	£94.66		-£3.78
Portfolio cost	£113,855.00		+£0
Portfolio sell value (bid price-commission)	£30,336.14	(-73.4%)	+£187.45
Potential profits	£209.48		-£245.08
Yr 12 Dividends	£0		+£0
Yr 12 Interest	£0		+£0
Yr 12 Profit from sales	£0		+£0
Yr 12 proj avg monthly profit	-£8.19	(-0.1%)	-£8.19
Total Dividends	£12,574.90		+£0
Total Interest	£10.39		+£0
Total Profit from sales	£15,798.12		+£0
Average monthly cash profit	£209.27	(2.9%)	-£0.39
(Sold stocks profit + Dividends - Fees / Months)

A small increase in value, but a big drop in potential profit thanks to TRU:Trufin plummeting to a loss.

Still just above the trend line.

The SIPP looks like this after week 558 overall and week 38 of year 11.

			Weekly Change
Cash	£539.12		+£84.36
Portfolio cost	£163,385.47		+£0
Portfolio sell value (bid price - commission)	£95,285.17	(-41.7%)	+£5,259.42
Potential profits	£12,597.26		+£3,669.32
Yr 11 Dividends	£1.749.66		+£84.36
Yr 11 Interest	£15.48		+£0
Yr 11 Profit from sales	£9,419.73		+£0
Yr 11 proj avg monthly profit	£1,258.56	(14.9%)	-£24.14
Total Dividends	£19,969.86		+£84.36
Total Interest	£36.18		+£0
Total Profit from sales	£34,086.24		+£0
Average monthly cash profit	£406.33	(4.8%)	-£0.07

I had a £16 dividend from GAW:Games Workshop, £39 from N91:NinetyOne, and £28 from TAM:Tatton Asset Management.

Portfolio value zoomed up by £5,259 and £3,669 of that was increased potential profit.

Reaching for the injection line.

Above the trend line once more!

I was still on holiday so still catching up.

Week 573 Review - Pretty flat - ISA up, but SIPP down more.

A pretty flat week, but ended up in the red, with the deficit between cost and value expanding by £357 to £157,066 and the deficit between injection and value increasing to £67,253. Total portfolio value fell to £120,685.

I was on holiday and was able to take weekly snapshots, but can't remember why anything happened so the next bit will be brief.

Worst performer was POLR:Polar Capital, which dropped a huge 13%. It may have gone ex-dividend as one was paid recently.

AMP:Ampeak Energy dropped 12% and IES:Invinity Energy dropped 7%.

THX:Thor Explorations dropped 7% and GGP:Greatland Resources dropped 5% as the gold miners were mostly flat.

RSW:Renishaw went down 5%.

FOUR:4imprint climbed 5% and went 1% into potential profit.

III:3i Group also went up 5% but is still 6% down.

KNOS:Kainos Group climbed 6% and is now up by 12%.

AMRQ:Amaroq defied the other gold miners and climbed 9% to go 12% up in my ISA.

W7L:Warpaint London remains volatile and went up 11% but my holding is still 14% down.

Share of the Week was DXRX:Diaceutics which zoomed up 12% but is still 16% down.

Here's the ISA and shares portfolio after week 1 of year 12.

			Weekly Change
Cash	£98.44		+£0
Portfolio cost	£113,855.00		+£0
Portfolio sell value (bid price-commission)	£30,148.69	(-73.5%)	+£215.45
Potential profits	£454.56		+£174.04
Yr 12 Dividends	£0		+£0
Yr 12 Interest	£0		+£0
Yr 12 Profit from sales	£0		+£0
Yr 12 proj avg monthly profit	£0	(0.0%)	+£0
Total Dividends	£12,574.90		+£0
Total Interest	£10.39		+£0
Total Profit from sales	£15,798.12		+£0
Average monthly cash profit	£209.66	(2.9%)	-£0.37
(Sold stocks profit + Dividends - Fees / Months)

Small increases in value and potential profit.

Just above the trend line

The SIPP looks like this after week 557 overall and week 37 of year 11.

			Weekly Change
Cash	£454.76		+£41.66
Portfolio cost	£163,385.47		+£0
Portfolio sell value (bid price - commission)	£90,025.75	(-44.9%)	-£572.51
Potential profits	£8,927.94		-£697.87
Yr 11 Dividends	£1.665.30		+£41.66
Yr 11 Interest	£15.48		+£0
Yr 11 Profit from sales	£9,419.73		+£0
Yr 11 proj avg monthly profit	£1,282.70	(15.2%)	-£30.61
Total Dividends	£19,885.50		+£41.66
Total Interest	£36.18		+£0
Total Profit from sales	£34,086.24		+£0
Average monthly cash profit	£406.40	(4.8%)	-£0.41

I got a £20 dividend from BPCR:BioPharma Credit and also £20 from BPM:BP Marsh & Partners. Portfolio value dropped £572 and potential profits dropped a bit more.

Still flat and well below the injection line.

Dragging the tend line downwards.

Nothing more to say as I have another 2 weeks of holiday snapshots to write.

Week 572 Review - Kibo de-lists from AIM and I write it off

This was the final week of Year 11 for the ISA, and today is the day KIBO:Kibo Energy decided they would de-list from AIM. I've known I would have to write them off as a complete loss at some point, and actually I'd rather do it today and plunge Year 11 into a loss, then start Year 12 with one. It feels nice to have off-loaded one of my basket cases so I never have to report on them again.

The loss and some gains elsewhere resulted in an improvement in the deficit between cost and value of £3,247 to £156,708, and a drop in the deficit between injection and value to £66,896. Total portfolio value increased to £121,043.

Unfortunately my worst performer this week was my 2nd biggest holding JLP:Jubilee Metals. They dropped 13% presumably because last year there was an update on 21st July, and as there was nothing the assumption is  it will be bad news. That spoiled what would have been a pretty good week.

JHD:James Halstead dropped 7% after a lackluster trading update, and my holding is now 18% down.

TAM:Tatton Asset Management dropped 6% for no obvious reason, although it could be profit taking after a recent sharp rise.

IPX:Impax Asset Management dropped 5% which could be for the same reason as above, although the recent spike was more of a pimple.

MGNS:Morgan Sindall Group interim results didn't seem bad, but disappointed the market which dropped 5%, taking my holding 7% down just as I thought they were sneaking back into profit.

RAT:Rathbones are still suffering from their recent announcement about reforming previous naughtiness, and dropped 5% to take my holding 14% down.

GGP:Greatland Resources recovered 5% as the gold price sneaked up a little, but my recent holding is still 12% down.

HPOW:H-Power is very volatile and climbed 5% this week, but I'm still 28% down.

EDV:Endeavour Mining, FDM:FDM Group, III:3i Group and PAF:Pan African Resources all went up 6%.

RSW:Renishaw climbed 7% after great results. I'm surprised they didn't go up more, but hopefull that will come next week. My holding is now 23% up.

FNX:Fonix climbed 8% after great results, but my holding is still down by 11%. This is another I'm hoping will continue upwards.

YU.:Yu Group climbed 9% after a good trading update, and my holding is 11%  in profit.

PAGE:Michael Page changed their name from Pagegroup and went up 10% as recovery seems underway, but my holding is 64% down so there's a long way to go.

AMRQ:Amaroq zoomed up 12% and my ISA holding is back in profit. Their move to the main market gets ever closer and hopefully a proper re-rate like PAF:Pan African Resources had.

ATYM:Atalya Mining went up a fantastic 16% after a superb operations update, and my holding is back in profit by 5%.

Share of the Week is SBTX:SkinBioTherapeutics which went up an impressive 21% possibly due to one of it's biggest investors increasing their holding. I wish we'd get some news from Croda so this can properly recover and I can flog the ones I don't want in my SIPP, but they are still 67% down.

Here's the ISA and shares portfolio after week 52 of year 11.

			Weekly Change
Cash	£98.44		+£0
Portfolio cost	£113,855.00		-£2,635.29
Portfolio sell value (bid price-commission)	£29,933.24	(-73.7%)	-£850.44
Potential profits	£280.52		+£4.96
Yr 11 Dividends	£86.83		+£0
Yr 11 Interest	£1.82		+£0
Yr 11 Profit from sales	-£1,762.15		-£2,635.29
Yr 11 proj avg monthly profit	-£147.25	(-2.0%)	-£221.02
Total Dividends	£12,574.90		+£0
Total Interest	£10.39		+£0
Total Profit from sales	£15,798.12		-£2,635.29
Average monthly cash profit	£210.03	(2.9%)	-£20.36
(Sold stocks profit + Dividends - Fees / Months)

The end of Year 11 is marked by taking a £2,635 loss on KIBO:Kibo Energy after they de-listed from AIM. I knew it was coming, and it obliterates all my profits in Year 11 and takes me to a £1,762 loss altogether. That's a -2% return for the year. Fortunately it only damages my long term performance by £20 a month, but a 2.9% return given I have a paper loss of 73% is pretty dreadful. This is a fine example of how to lose money on the stock market.

The sell value dropped by an additional £850 thanks to JLP:Jubilee Metals, but potential profits rose by a mighty £4.

The decline continues

Taking  the loss actually moves me up above the trend line, which is a crumb of comfort.

A steep dive in profits, with no sign of being able to make up for it.

The SIPP looks like this after week 556 overall and week 36 of year 11.

			Weekly Change
Cash	£413.10		+£102.85
Portfolio cost	£163,385.47		+£0
Portfolio sell value (bid price - commission)	£90,598.26	(-44.5%)	+£1,462.80
Potential profits	£9,625.80		+£918.54
Yr 11 Dividends	£1.623.64		+£40.35
Yr 11 Interest	£15.48		+£0
Yr 11 Profit from sales	£9,419.73		+£0
Yr 11 proj avg monthly profit	£1,313.31	(15.5%)	-£32.53
Total Dividends	£19,843.84		+£40.35
Total Interest	£36.18		+£0
Total Profit from sales	£34,086.24		+£0
Average monthly cash profit	£406.81	(4.8%)	-£0.42

Cash increased thanks to a tax rebate and £22 dividend from ATYM:Atalya Mining and £18 dividend from III:3i Group. The recovery in gold shares helped improve value by £1,462 and £918 of that was increased potential profit.

Feels like a while since a week was this positive

Still below the trend line though.

I'm hoping we'll get a JLP:Jubilee Metals production update next week, although it may be bitter sweet if it's below expectations, and JLP have a pretty good track record for doing just that. I really should have known from previous experience that they produce so much hot air and gloss over major issues. Investing so much on the assumption that the copper business would be a great success was a mistake. I've got so much of my SIPP stuck in this and it should never have gone near it. I think I have learned my lesson now, but it might be a very expensive lesson.

Week 571 Review - ISA flat but gold miners hammered so the SIPP suffers.

Another red week, with the SIPP bearing most of the loss. The deficit between cost and value widened by £935 to £159,956 and the deficit between injection and value widened to £67,611. Total portfolio value fell to £120,327.

Worst performer was my biggest holding OPTI:Optibiotix which fell 13% and was responsible for much of this week's loss. There is still no sign of anything positive happening in the near term and probably the medium term too.

The gold mines were all hammered again, with GGP:Greatland Resources falling 9%, FRES:Fresnillo falling 8%,  EDV:Endeavour Mining falling 7% and PAF:Pan African Resources falling 6%. That did most of the damage to my SIPP.

HPOW:H-Power dropped another 8% as the recent spike was reversed, and W7L:Warpaint London also dropped 8% for no obvious reason.

DXRX:Diaceutics fell 6%, again for no clear reason.

SBTX:SkinBioTherapeutics dropped 5% and will continue to drop until something positive happens with Croda.

It wasn't all bad news though.

FDM:FDM Group  and FSG:Foresight Group Holdings went up 5%.

CKN:Clarkson, FOUR:4imprint and KNOS:Kainos Group went up 6%.

TAM:Tatton Asset Management went up 9% for no clear reason.

JLP:Jubilee Metals finally had a turnaround and went up 10%. Is this the long awaited reversal in fortunes or a blip?

Share of the Week for the 2nd week in a row is PAGE:Pagegroup, this time climbing 27% compared to just 13% last week. Shame I've already spent my transfer cash, as my holding is still 68% down and I could have bought some more and reduced my average and taken advantage of this momentum .

Here's the ISA and shares portfolio after week 51 of year 11.

			Weekly Change
Cash	£98.44		-£3.86
Portfolio cost	£116,490.29		+£0
Portfolio sell value (bid price-commission)	£30,783.68	(-73.6%)	-£49.69
Potential profits	£275.56		+£16.86
Yr 11 Dividends	£86.83		+£0
Yr 11 Interest	£1.82		+£0
Yr 11 Profit from sales	£873.14		+£0
Yr 11 proj avg monthly profit	£73.77	(1.0%)	-£1.81
Total Dividends	£12,574.90		+£0
Total Interest	£10.39		+£0
Total Profit from sales	£18,433.41		+£0
Average monthly cash profit	£230.39	(3.2%)	-£0.44
(Sold stocks profit + Dividends - Fees / Months)

Pretty much flat, with a big drop in OPTI:Optibiotix cancelled out by a big rise in JLP:Jubilee Metals. Potential profits went up after small rises in TRU:Trufin and IES:Invinity Energy.

Still sinking slowly.

Still below the trend line

Still nothing.

The SIPP looks like this after week 555 overall and week 35 of year 11.

			Weekly Change
Cash	£310.25		+£17.78
Portfolio cost	£163,385.47		+£0
Portfolio sell value (bid price - commission)	£89,135.45	(-45.4%)	-£885.59
Potential profits	£8,707.27		-£405.50
Yr 11 Dividends	£1.583.29		+£21.94
Yr 11 Interest	£15.48		+£0
Yr 11 Profit from sales	£9,419.73		+£0
Yr 11 proj avg monthly profit	£1,345.84	(15.9%)	-£37.32
Total Dividends	£19,803.49		+£21.94
Total Interest	£36.18		+£0
Total Profit from sales	£34,086.24		+£0
Average monthly cash profit	£407.23	(4.8%)	-£0.59

Gold mines really dragged down both the sell value and potential profits. I did get a £21 dividend from IPX:Impax Asset management, but not much else happened.

Sinking further away from that elusive injection line.

Well below the trend line.

Just 4 weeks to go before I review my magic formula ranking and hopefully bank some more profits.

Gold finished the week just over $4,000 which is hardly down from the week before, and yet my gold miners were down 7-9%. I fear we're not going to get a turnaround for some time yet, but I'm confident it will come, so I'm happy to hold my gold stocks but not happy a lot of them are down by 30%.