Biggest disaster was AFPO:African Potash which plunged 22% and is now losing 59%. This is a paper loss of £510 leaving the shares only worth £197. I fear they are incapable of achieving anything other than hollow deals and will almost certainly go bust. I should probably sell to get my £197 back, but it's a fairly small amount so I'll keep the shares on the off-chance they do stay in business.
The other poor performer was TRK:Torotrak which announced abandonment of its attempts to get a KERS system into buses. It appears fuel is so cheap that the incentive to improve efficiency has removed demand for their product. The shares dropped by 13% but I bought such a tiny amount my paper loss is less than £50.
Two of my favourite tiny shares had a really good week. CRL:Creightons rose by 13% and is only losing commission, and UCG:United Carpets also climbed 13% after announcing performance ahead of expectations to give me a profit of £49. Things are looking promising at KIBO:Kibo Mining after some recent jitters, seeing a rise of 18% in the share price this week. It was enough to take me within £60 of profit. The share of the week is HGM:Highland Gold, climbing 26% this is now 76% up on my purchase price and making £759 profit for my pension. They also pay gigantic dividends and the price of gold shows no sign of falling.
It's going to be tricky making out what's going on this week, as there have been so many sales and transfers, everything is a bit in the air.
| Weekly Change | |||
| Portfolio cost | £36,193.24 | +£687.62 | |
| Portfolio value (share price) | £34,897.22 | (-3.1%) | -£251.12 |
| Portfolio sell value (bid price - commission) | £33,717.83 | (-6.8%) | -£239.15 |
| Potential profits | £2,386.92 | -£55.98 | |
| Dividends | £422.77 | +£13.98 | |
| Profit from sales | £2,630.56 | -£10.30 | |
| Average monthly cash profit | £352.29 | -£9.34 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 11.7% |
The portfolio cost wasn't meant to go up, as I was meant to sell enough shares to cover the new ones I bought in my ISA. Although I sold RNK:Rank Group for a £10.30 loss and transferred the money out to my current account, I didn't sell one of the other shares to repay the holiday money I borrowed. I need a share to recover to profit before I replenish that.
If you take off the extra capital injected, the shares dropped in value by £240 so the end of week dip zapped any gains over the first few days. Potential profits only dipped by £55, so it was the loss-making shares that did the damage - in fact it was AFPO:African Potash that did the damage all by itself!
One dividend of £13.98 from FXI:Fusionex was welcome, particularly as that share is also standing at a £73 profit. Overall monthly performance just dropped by £9 and is still comfortably over 10%. Still a long way from the portfolio being in profit though.
The SIPP looks like this
| Weekly Change | |||
| Portfolio cost | £11,311.67 | +£865.13 | |
| Portfolio value (share price) | £13,108.39 | (+15.9%) | +£157.71 |
| Portfolio sell value (bid price - commission) | £12,858.82 | (+13.7%) | +£186.75 |
| Potential profits | £1,771.03 | +£258.16 | |
| Dividends | £21.14 | +£0 | |
| Profit from sales | £691.86 | +£191.61 | |
| Average monthly cash profit | £144.90 | +£34.27 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 15.4% |
Increase in cost was from £500 tax rebate, £150 added from my current account and £191 profits from selling UTW:Utilitywise and ASHM:Ashmore Group. I mentioned the purchase of ALM:Allied Minds the other day, and they are doing OK with a £29 profit already.
With the tax rebate and current account contribution I bought 1020 shares in ARL:Atlantis Resources at 63.79p costing £659.61. These were next on my list the other week, but I thought I'd missed my chance as they had shot so high. However, the price dropped following a placing, and news emerged about setting up in Indonesia which has incredible potential for tidal power. When the tax rebate appeared I couldn't resist my chance to get involved with this exciting company.
Things are looking much better for the pension than the other accounts, with an increase of about £186 and another £258 potential profit. JLP:Jubilee Platinum and WRES:W Resources have rather let the side down, extending their losses, but hopefully not for long as these are very promising companies.
The sales also helped the sales/dividend profit, up to a healthy 15.4% of the portfolio value, and with the portfolio itself up 13.7% on cost, things are looking very good.
No prospect of anything interesting happening next week, other than renewing my attempts to get my holiday money back. I think I am allowed an official "Woohoo!" today though, as the combined portfolio cost is £47,504.91 which means even if I sell £800 worth of shares for my holiday fund, I've still easily passed £46,000 which is when my next one was due. Not too long before the big £50,000 milestone. I never dreamed I would reach that in the first 12 months.
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