Biggest gain today was AFPO:African Potash. 12.2% was some recovery from the recent slide - albeit only 0.225p a share. This one still has £150 deficit to make up, after being £200 in profit a few weeks ago. JLP:Jubilee Platinum was the next best performer, up 5.7% and now only £40 away from going back into profit. RCI:Rapidcloud climbed 3.9% despite there not being a single trade. Dunno what that's all about?
Biggest loser was GLEN:Glencore, which is distressing as I thought it was recovering. All the commodity producers are down though, so hopefully it's just another blip. The house builders were all down by around 1% after yesterday's recovery. My biggest concern is that BDEV:Barratts today went past my 15% loss alert. That's a bit of a worry given this was meant to be one of my safer shares.
This is the first injection of capital to my portfolio since I started the weekly review, so the figures may need careful interpretation
| Weekly Change | |||
| Portfolio cost | £29,201.99 | +£3,255.53 | |
| Portfolio value (share price) | £27,819.11 | (-£1,300.76) | +£2,488.27 |
| Portfolio sell value (bid price - commission) | £26,935.13 | (-£2,266.86) | +£2,432.56 |
| Dividends | £98.49 | +£16.37 | |
| Profit from sales | £359.25 | +£251.07 | |
| Overall profit | -£1,907.61 | -£654.02 | |
| (Portfolio sale-cost+dividends+profit from sales) |
So, although I added £3,100 to my account, the profits from the sales meant the portfolio cost increased by £3,255 as the profits were re-invested. However, the share value only increased by £2,488 and is £1,300 less than I paid. The Sell value went up £2,432 which is only £50 less than the share price, but equates to £2,266 less than I paid, largely due to the massive spreads on the new shares.
In summary, if I sold everything now I'd make a total loss of £1907.71 which is £654.02 worse off than I was last week. On paper that looks very bad, but seeing as I'm not going to sell today, and seeing as most of this lot is for long term investment, I'm not unduly concerned.
I have no more capital to invest, so there should follow a period of relative calm where I have an opportunity for some of the spreads to be cancelled out and start chipping away at the paper loss. There are a few holdings that I'm looking to sell if the price rises high enough, but most likely to consolidate some of my existing holdings rather than go for anything new, depending which account I sell them from.
On a more optimistic note, I've cashed in £359.25 profit in 13 weeks. If I was really, really lucky I may have got £70 from premium bond wins and interest over a similar period. Given that my initial purchases were made without having a clue what I was doing, and even now I only have 13 weeks experience, I have a quiet sense of satisfaction that things are going ok - and it's bloody good fun!!
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