Monday, 19 September 2016

In The Black At Last!

After 58 weeks and one day, my combined portfolios are in the black for the first time ever.

Not only are they in the black, but after being £129 in the red on Friday evening, they are £1,108 in the black today.

It's mainly thanks to a 9.9% rise in KIBO:Kibo Mining taking that up to £1,978 potential profit and a 15.7% rise in TLOU:Tlou Energy taking that to a potential profit of £1,262. It's no thanks at all to OPTI:Optibiotix that slid another 2.8% and is a very naughty share!

There were also excellent gains for JLP:Jubilee Platinum (5.2%), IQE:IQE (5.3%) and SLP:Sylvania Platinum (4.3%), but PAF:Pan African Resources frustrated as the price stood still while most gold miners went up.

As Kibo and Tlou are mostly in my ISA, the effect was most pronounced there, with the account £430 in profit. The SIPP has been in profit for ages, but that has extended to £1,746. The original share account with its set of toxic shares like AFPO:African Potash (despite 12% rise today - 12% x practically nothing = practically nothing), LOOK:Lookers and BDEV:Barratt Developments (both still in post-Brexit mode) is still £860 in the red. The ill-fated trading account is just £45 in the red after a small rally for SLP:Sylvania Platinum today.

So today is a landmark day of joy and happiness and a massive sigh of relief. It also means the combined ISA/share accounts are only £472 from being in profit - and that's the next milestone. One more day like today will do it, but one outbreak of profit-taking could easily undo the whole thing as day traders offload Kibo and Tlou. Given the potential of these two, that would be a very short sighted move...

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