The percentage gains and losses have been screwed up a bit this week, as I have changed the way I calculate them so they reflect the true sell value including commission. Before they were based on the current share sell price divided by the share price paid. Now they are the total sale value including commission divided by the total cost including stamp duty and commission. It means a few of the decreases will be slightly exaggerated, and some of the increases would have been higher under the old system. It should sort itself out next week.
Biggest loser this week was PAF:Pan African Resources which dropped by 21% as the price of gold slipped a bit. It's still making £345 profit, and I'm still keeping for the massive dividend. Next biggest loser was CWR:Ceres Power Holdings losing around 13%. Hopefully this is just a blip, and I think has been exaggerated by the new percentage system. It's making £757 profit in the SIPP but £89 loss in the ISA.
KIBO:Kibo Mining dropped 12% but is doing really well making £293 profit, and I'm convinced is due to take off big time in the next few weeks. SLP:Sylvania Platinum dropped 12% which is very frustrating as I've added more recently and am down £117 so far. Final double digit loser was AVM:Avocet Mining, down 10% and most frustrating as this is the one I need to sell before September to pay for my holiday.
Now for the good news. DOTD:DotDigital climbed 9% which probably would have registered 10% under the old way of calculating the rise. I wanted to mention them as they posted a terrific trading statement and I hope will wipe out my £141 loss next week.
NTBR:Northern Bear also climbed 10% after great results but is still down £34. I'm confident this will also get back to a sensible price soon. CAML:Central Asia Metals continued it's dramatic recovery, rising 11% and going £306 in profit. IKA:Ilika posted a trading statement showing a loss, but sentiment seems to be swinging in its favour and analysts are talking it up, so it ended up rising 13% this week but is still losing £47. TRX:Tissue Regenix also soared, this time by 14% after positive news about its products. That's now making £164 profit.
Share of the week was nearly my nemesis share AFG:Aquatic Food, which rose 20%. On one day it rose a massive 69% but this eased back a bit, and the increase was reduced when I bought more shares and added more cost and commission. I'd been wanting to buy more of these for a few months, but was concerned at lack of trades and interest, but the last few weeks have seen a marked upturn in buys and sells, and the dividend ex-date is approaching. The big question is whether I dare buy any more. It's a shit or bust share. Either losing absolutely everything with a de-list or making loads as a P/E ratio of 0.87 is just plain silly.
The actual Share of the week prize goes to HGM:Highland Gold which was already over 100% up from when I bought it, but this week climbed another 38% to a staggering £1,504 profit on a £1,078 investment. Completely spiffing!
The main portfolio now looks like this
| Weekly Change | |||
| Portfolio cost | £38,593.43 | +£236.91 | |
| Portfolio sell value (bid price - commission) | £33,606.55 | (-12.9%) | +£336.93 |
| Potential profits | £2,202.40 | -£389.29 | |
| Dividends | £667.93 | +£97.48 | |
| Profit from sales | £3,794.59 | +£209.51 | |
| Average monthly cash profit | £389.64 | +£19.60 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 12.1% |
Cost went up after I sold RCI:Rapidcloud International and TON:Titon Holdings and re-invested the profits. This hammered the potential profits, which also went down by another £100. However, some of the losses were reduced meaning the sell value was up by £336.
Quite a few dividends this week, with WLG:Wireless Group paying £24.48, TW.:Taylor Wimpey paying £55.20 and SSY:Scisys paying £17.80, altogether adding £97.48 to the dividends so far. The profits from sales went up by £209.51 too, so projected average monthly profit went up by £19.60 to a healthy 12.1% of the portfolio value. Tragically the portfolio is down by 12.9% on the cost price, so I have just 3 weeks to shake off some of the Brexit losses to get to break even by the end of Year 1.
The graph is moving in the right direction. I just need the green line to stay on a steeper trajectory than the red line for the next 3 weeks at least.
The SIPP looks like this at week 33
| Weekly Change | |||
| Portfolio cost | £12,741.68 | +£159.37 | |
| Portfolio sell value (bid price - commission) | £14,735.97 | (+15.7%) | +£1,135.69 |
| Potential profits | £2,667.89 | +£734.06 | |
| Dividends | £262.15 | +£3.60 | |
| Profit from sales | £766.55 | +£0 | |
| Average monthly cash profit | £131.71 | -£3.63 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 12.4% |
The portfolio cost went up following my regular monthly investment. This has now switched from JLG:John Laing Group to LGEN:Legal & General. The sell value has gone completely bonkers, rising £1,135 in just a week. Staggering! This was mostly down to HGM:Highland Gold climbing 38% and CAML:Central Asia Metals rising 11%. That accounts for most of the rise in profits. There have also been narrowing of losses across the rest of the portfolio.
One tiny dividend from JLG:John Laing Group of £3.60 wasn't enough to stop a fall in the average monthly profits, as they dropped by £3.63. It's still over 12% and the portfolio is up by 15.7% on cost price, so doing very well indeed.
Just look at that graph fly! Lets hope this can keep up the momentum.
Not sure what next week holds. News is expected from KIBO:Kibo Mining about the gold mine joint venture, there is hope SLP:Sylvania Platinum will give a positive trading statement soon, JLP:Jubilee Platinum may have sorted out a deal to process the platinum tailings and generate some cash, IOG:Independent Oil & Gas should start drilling, and who knows what other excitement and surprises await. It's all so exhilarating!
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