A few double-digit fallers this week. ALM:Allied Minds dropped 10%, but this share is so volatile it could easily be back up next week. IKA:Ilika dropped 16% after announcing results. They made a loss. Go figure! They will continue making a loss until they sell something, which will hopefully be soon.
Biggest loser this week was RCI:Rapidcloud which dropped 17%. I can't work out what drives this share. It's up and down on no news whatsoever. I still think it's due a fairly hefty re-rating at some point.
Meanwhile the house builders continued to be hammered. Although there was a rally at the end of the week, they still dropped around 6%.
In contrast to the the deepening losses, there were some amazing risers this week. JLP:Jubilee Platinum rose 10% but is still making a loss.My "stupid, stupid, stupid" share AVM:Avocet Mining climbed 23% and is now £97 in profit. Just imagine the profit it would be making if I'd not bought at the top of the spike. I was so relieved that the £350 loss had reversed that I almost sold immediately, but I think gold has further to rise yet, so will give it a bit longer. These shares will have to be returned to my current account when I sell, as I really need to put my holiday money somewhere liquid.
Next big riser was KIBO:Kibo Mining, climbing 24% and going £352 in profit. It's relentless good news coming out of this one, so things could get quite exciting, especially as we're expecting news on their gold mine next week.
PAF:Pan African Resources is benefiting from the continued rise in gold price, and climbed 32% this week to £538 profit. There's a socking great dividend due in October so I'm keeping these for the long term.
All these great risers, but they got nowhere near Share of the Week. This week it's TLOU:Tlou Energy with a staggering 61% rise on news that they have the go-ahead to build a power station 5 times as big as the one they initially planned. This has gone from loss to £221 profit on a £532 investment made just a few weeks ago.
Special mention should also be made of HGM:Highland Gold, which although it under-performed the other gold mines with a puny 3% rise this week, when you factor in the £50 dividend, it's now gone up by over 100% since I bought it, with £1,099 profit in my pension. This is another massive dividend payer, so a keeper.
Let's have a look at the summary for the main portfolio
| Weekly Change | |||
| Portfolio cost | £38,356.03 | +£230.49 | |
| Portfolio sell value (bid price - commission) | £33,032.71 | (-13.9%) | +£87.47 |
| Potential profits | £2,591.69 | +£535.89 | |
| Dividends | £570.45 | +£27.25 | |
| Profit from sales | £3,585.08 | +£230.35 | |
| Average monthly cash profit | £370.04 | +£15.53 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 11.6% |
The portfolio cost went up as a result of selling WLG:Wireless Group and re-investing in SLP:Sylvania Platinum. A little disappointing these have stood still since buying, despite the rising price of platinum. This sale also explains the rise in profit from sales of £230.
Potential profits went up a pleasing £535, but the deepening post-Brexit losses pretty much cancelled out the rises, resulting in an overall increase of just £87.
Two dividends came through this week. £13.75 from TND:Tandem Group and £13.50 from MSLH:Marshalls. Both of these are shares in deep loss at the moment so it helped ease the pain a little.
Overall forecast monthly profit went up £15.53, and with just 4 weeks to go before this becomes actual annual profit, it will easily have cleared my 10% target. Unfortunately the portfolio is down by 13.9% so there's a decent rally needed in the next 4 weeks to be able to say I've broken even.
The graph portrays a worrying picture, with the gap widening between cost and value. I need another period similar to weeks 24 to 30, with a superb rally that nearly had the lines meeting. It will certainly be clear where on the graph Brexit happened in years to come.
Here's the SIPP performance after Week 32
| Weekly Change | |||
| Portfolio cost | £12,582.31 | +£142.22 | |
| Portfolio sell value (bid price - commission) | £13,440.91 | (+6.8%) | -£19.08 |
| Potential profits | £1,933.83 | +£1.93 | |
| Dividends | £258.55 | +£0 | |
| Profit from sales | £766.55 | +£60.43 | |
| Average monthly cash profit | £135.34 | +£3.39 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 12.9% |
Profits went up £60 as a result of selling AA:Alcoa. This was re-invested along with some dividend cash resulting in the portfolio cost going up by £142 as I bought more OPTI:Optibiotix.
Potential profits stayed stagnant, although you could say they increased by £60, as the Alcoa profit was removed when they were sold. With other shares increasing losses, the overall value dropped by £19 once you remove the extra £142 added to the cost.
Projected monthly performance went up slightly and is still healthy at 12.9%, especially given the portfolio itself is up by 6.8%.
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