I had a major shock when I first checked my portfolio yesterday to see AVM:Avocet Mining had gone up by about 950%. Of course I had forgotten that was the day they consolidated 10 shares into 1, so this one is still making a thumping great loss. I just hope gold keeps climbing as I've bought back in for another ride.
Lots of buying and selling this week to confuse the weekly stats
| Weekly Change | |||
| Portfolio cost | £37,027.98 | +£48.83 | |
| Portfolio sell value (bid price - commission) | £33,490.29 | (-9.6%) | -£464.89 |
| Potential profits | £1,590.66 | -£230.28 | |
| Dividends | £525.54 | +£0 | |
| Profit from sales | £3,354.73 | -£27.07 | |
| Average monthly cash profit | £376.95 | -£11.49 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 12.2% |
Overall cost up slightly, as although my sales this week made a net loss, there was some dividend cash lying around to invest on top of the proceeds of the sales.
I've removed the share price performance line, as I decided it was completely irrelevant. Only the sell price really matters, and removing it will save me time writing this review.
Portfolio loss of £464 is upsetting, half of which is decreasing profits and half deepening losses. My sales at a loss do a bit more damage than I'd hoped to the average monthly profit, but still keep me on track for above 10% return after a year if I don't sell anything else at a loss.
Here's the SIPP at week 28
| Weekly Change | |||
| Portfolio cost | £12,039.50 | +£159.08 | |
| Portfolio sell value (bid price - commission) | £13,083.99 | (+8.7%) | -£203.91 |
| Potential profits | £1,706.44 | +£75.78 | |
| Dividends | £115.59 | +£0 | |
| Profit from sales | £706.12 | +£0 | |
| Average monthly cash profit | £123.96 | -£4.60 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 12.4% |
Portfolio value increased by the regular monthly savings, ending up with 74 JLG:John Laing Group shares at 217.768p and 78p stamp duty costing £159.07. This brings my holding up to 213 at an average price of 220.2358p costing £475.94. They are currently down by £32. I do really like this way of regular saving, as it means you don't mind so much if the price drops just before the automatic investment, as you get more shares.
Potential profits have increased thanks to HGM:Highland Gold and AA:Alcoa which is back in profit now, but losses deepened resulting in an overall loss of £203. CAML:Central Asia Metals is a total disaster, down another 9% this week and now losing £225. I really don't understand, as even at the current copper price they can still make big profits. If I had spare cash I would get more while they are low.
No sales or dividends so average monthly profits dip slightly.
The SIPP has £70 cash from dividends, and there's another £70 from the tax man in 10 days, and the dividend from CAML:Central Asia Metals is due soon. This will give me about £250 to either hold as cash or invest and take the hit on commission. I'm tempted to get more CAML:Central Asia Metals, but they are expensive to £250 won't go very far. There's also ARL:Atlantis Resources and WRES:W Resources. Both are down and I like both. The advantage of W Resources is you get loads and loads of shares for £250, but that's only worth anything if they all increase in value, and this share is so diluted I suspect there will be a consolidation at some point. Maybe I'll top up on whatever is down the most at the time, as that's the biggest bargain.
I can confirm that the total portfolio cost has now gone above £49,000 so we can have an official "Woohoo!", but mustn't forget the holiday money I still need to extract. I'll just keep everything crossed we vote to remain in Europe and there's a rally after 23rd June, because the next 2 weeks are going to be toxic! Just £1,000 more to the gigantic £50K milestone...
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