The winner for most outrageous rise was RCI:Rapidcloud, climbing 61% and going into profit for the first time. Next best was GLEN:Glencore rising 22% and also going into profit for the first time. SXX:Sirrius Minerals climbed 20%, ASHM:Ashmore Group 18%, APC:APC Technology 17%, TSG:Trans Siberian Gold 13% and AA:Alcoa 10%. I won't get many weeks like that again.
Here's the dramatic effect on the main portfolio
| Weekly Change | |||
| Portfolio cost | £34,427.40 | +£0 | |
| Portfolio value (share price) | £33,812.03 | (-1.2%) | +£1,093.43 |
| Portfolio sell value (bid price - commission) | £32,560.93 | (-5.4%) | +£1,014.91 |
| Potential profits | £2,403.12 | +£517.10 | |
| Dividends | £366.79 | +£0 | |
| Profit from sales | £1,177.44 | +£0 | |
| Average monthly cash profit | £217.05 | -£8.04 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 7.6% |
No changes to portfolio cost to confuse things this week, just a nice increase in value of £1,000 making it nearly £3,000 in three weeks. Potential profits have also gone up by over £500 this week. I think in the past I would have sold something to bank some of the gains and add more to the portfolio cost, but I couldn't bring myself to sell any of my in-profit shares. It's particularly difficult, as I have so many potential buys, one of which went up 20% today so I may have missed my chance.
I've changed one of the measures. The figures in brackets next to the portfolio value and sell value used to show the difference between the cost and the current value. I decided you could work that out easily enough just by looking, so have changed it to show the difference as a percentage up or down from the cost price. Based on share price I'm perilously close to break-even, but 41 lots of commission hammers the sell price and leaves it 5.4% down on the original cost.
No sales or dividends means the average monthly profit is down by £8 but still above £200, and the average annual return drops to 7.6% but is still above my 6% target
The SIPP looks like this
| Weekly Change | |||
| Portfolio cost | £8,951.94 | +£0 | |
| Portfolio value (share price) | £9,503.18 | (+6.2%) | +£515.68 |
| Portfolio sell value (bid price - commission) | £9,285.03 | (+3.7%) | +£475.56 |
| Potential profits | £471.32 | +£240.73 | |
| Dividends | £2.64 | +£2.64 | |
| Profit from sales | £500.25 | +£0 | |
| Average monthly cash profit | £153.66 | -£12.02 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 20.6% |
Wonderful to see the portfolio value higher than the cost, with a satisfying 3.7% increase on the sell value. Potential profits have increased by £240 and 6 of the 9 shares are showing a profit. There was also my first dividend on this account - a huge £2.64 from AA:Alcoa. That wasn't enough to prevent my average monthly sale/dividend profits slipping but the average return is still over 20%.
Only real downer for the week was the dreadful performance of the house builders. I checked the trades again for today, and they all had significantly more buys than sells. The price drop doesn't make any sense. I wish I had spare capital to pile in there before the dividend cutoff dates. [Edit 5th March - done some research and for the number of shares I have the dividends are quite puny, so think I'll just hold what I have and hope the prices go up]
Not sure what next week will bring. JLP:Jubilee Platinum would seem to be close to starting production, and I keep waiting on news as I have 67,781 shares in this one and am pinning lots of hopes on it. With platinum prices increasing steadily, there's heaps of potential if they could just deliver a product. I need a couple more brilliant weeks for the main portfolio to break even. That would be a red letter day, especially after being nearly £5,000 in the red a few weeks ago. I'm glad that my nerve held strong, especially with the likes of GLEN:Glencore and RCI:Rapidcloud where I just couldn't see the extreme price drops were justified. They've both gone from my worst shares to some of my best shares in a few weeks. Where to next?
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