Week 34 Review

Given this has been a short week, there's been a lot happening.

Biggest faller this week was TSG:Trans Siberian Gold which dropped 27%. It's still up 74% and these are my "free" shares anyway, so I'll just hold on and see what happens. The other double-digit faller was AFPO:African Potash which dropped 10% and is now 45% down on what I paid. I'm getting increasingly concerned about this one, as they have failed miserably to secure payment for their initial fertiliser trades and their mining exploration licence has expired. I think we can see why the share price is dropping.

Double digit risers this week were CMCL:Caledonia Mining and FAST:Fastnet Equity both up 15%. Fastnet had been suspended pending a reverse takeover, so it's not surprising they have done well on re-admission to the market. I only have a token holding, but hoping these have a long way to go yet. The other double digit riser was WLG:Wireless Group, climbing by 13% after their "payout" to shareholders, of which more below.

The payout appeared from WLG:Wireless Group following their sale of UTV, but I'm not exactly sure how I get to benefit from it. They have reduced my share holding from 250 to 178 and effectively paid me back the difference from what I paid originally. It's almost as if they forced me to sell some of my shares for no loss. Granted, there has now been a dramatic reduction in the shares issued, but I don't feel materially better off as a result of the transaction. However, the share price has increased by 13% and they are now in profit a tiny amount, so maybe the gains will come over the next few weeks. I also have the £138 to put in my ISA in a few days.

Meanwhile a quick check of my StockTrade account revealed that PUR:Pure Wafer have dished out another £24 as part of their liquidation. I wasn't expecting anything until September so it's a bit of a bonus. In theory there should be about £50 more to come at some point.


The effect on the main portfolio looks like this

			Weekly Change
Portfolio cost	£34,667.58		-£138.67
Portfolio value (share price)	£33,996.54	(-1.4%)	+£466.40
Portfolio sell value (bid price - commission)	£32,625.64	(-5.9%)	+£295.94
Potential profits	£2,379.39		+£343.49
Dividends	£408.79		+£42
Profit from sales	£1,988.25		+£0
Average monthly cash profit	£300.21		-£3.58
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	10.4%

Portfolio cost came down thanks to the WLG:Wireless Group faffing about and dips me below £45K until I can re-invest the proceeds. Spread must have widened significantly as the share price value went up a lot more than the sell value. A healthy £42 of dividends consisted of £9 from RNK:Rank Group and £24 from PUR:Pure Wafer as their liquidation spits out a bit more cash. There was another £9 from RDW:Redrow.

The dividends weren't quite enough to keep the average monthly profit from dropping, but we are still above 10%

Next week I can start working out what to sell in order to feed my ISA. I have some lacklustre shares I've earmarked for sale but they are currently making a small loss. Big decision whether to take the loss to free up the capital or hang on for them to get back into profit. I have two shares that I'm really keen to buy before they shoot upwards, which I firmly believe they both will. It will be gutting if I miss out on them because I dithered over losing a few quid. 6th April is ISA day, and it usually takes 3 days to settle the sales, so I should really aim to sell on Monday - or should I hang on?

Here's the SIPP performance

			Weekly Change
Portfolio cost	£10,288.52		+£0
Portfolio value (share price)	£11,443.13	(+11.4%)	+£169.89
Portfolio sell value (bid price - commission)	£11,171.41	(+8.6%)	+£200.60
Potential profits	£977.74		+£170.07
Dividends	£21.14		+£18.50
Profit from sales	£500.25		+£0
Average monthly cash profit	£123.97		-£2.58
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	14.5%

I'm starting to enjoy reporting on the SIPP. Great profits on CWR:Ceres Power Holdings, HGM:Highland Gold and CAML:Central Asia Metals all powering the performance upwards. At last some proper dividends, with £1.66 from SLI:Standard Life Property Investments and £16.84 from ASHM:Ashmore. As with the other portfolio, the dividends weren't quite enough to prevent a small dip in average monthly profits. However, 14.5% on sales plus 8.6% paper profit is a healthy looking situation given the market volatility over the 18 weeks the pension has existed.

I changed my mind about the regular monthly pension top-up. It was going to be PRU:Prudential, but I really want to get back into JLG:John Laing Group, so have switched it, with the shares due to be purchased on 7th April, unless I change my mind again before then!

Roll on next week and lots of fun with my ISA...