Week 57 Review

Not a bad week, with no double digit losers to report. Worst performer this week was TLOU:Tlou Energy, with a 9% drop. The share price doesn't reflect this, and it was interesting today to see several of my shares end up with a much wider spread, as the bid price dropped but the offer price stayed the same.

SLP:Sylvania Platinum climbed 10% and is now in profit overall, but my trading account still remains stubbornly at a loss. SXX:Sirrius Minerals bounced back from worst performer last week with an 11% rise.

ARL:Atlantis Resources climbed a magnificent 14% and is now making £113 profit, and IOG:Independent Oil & Gas made a strong challenge for Share of the Week, climbing 23% to take it 97% up on my original purchase price.

Share of the week goes to KIBO:Kibo Mining which is finally breaking out of the 5p resistance and went up by 33% this week. The combined holding is now making £795 profit. My cunning plan to make some money with my holiday fund went a bit wrong. It went right in the fact Kibo climbed massively and added over £150 to my holiday fund, but it went wrong when Kibo announced the free gold mine shares. It means I absolutely have to keep them - probably forever.

So my dilemma is that I've paid off my holiday, but my current account has gone into overdraft. I still needed to sell something to plug the gap, but there's nothing I wanted to sell. I took the plunge today. A contender for Share of the Week would have been EMH:European Metal Holdings, which I sold today for a £158 (30.3%) profit. It was a painful thing to do, as this share has a long way further to go, but I had to get the money so it was either this one or Kibo. It means I have £658 I can return to my current account and get back into credit. I'll be watching this like a hawk for a chance to get back in, as the price often drops when there's no news and people get bored.

Here's the overall performance of the share and ISA accounts this week

			Weekly Change
Portfolio cost	£39,789.13		-£500.00
Portfolio sell value (bid price - commission)	£37,624.31	(-5.4%)	+£1,298.09
Potential profits	£3,094.24		+£981.51
Yr 2 Dividends	£105.48		+£0
Yr 2 Profit from sales	£2,363.37		+£158.24
Yr 2 Average monthly cash profit	£2,136.42		-£366.74
Yr 2 Avg annual % of current portfolio cost	64.4%
Total Dividends	£773.41		+£0
Total Profit from sales	£6,203.63		+£158.24
Average monthly cash profit	£525.55		+£2.57
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	15.8%

The portfolio cost comes down by £500 as a result of the EMH:European Metal Holdings sale. The sell value is up by a whopping £1,298 despite cashing in £158 profits. Nearly all this rise was in increased potential profits, with just £300 being reduced loss.

The wacky year 2 projected profits only fall by £366 thanks to the sale, and the more realistic (because they are real) overall average monthly profits sneak up £2.57 a month. Getting this figure to increase is going to be harder and harder as the profits get spread out over all the months since I started.

Look at that - I do believe the lines are starting to come together and the trend lines are almost parallel. Will they ever cross?

The SIPP looks like this after week 41

			Weekly Change
Portfolio cost	£14,773.51		+£0
Portfolio sell value (bid price - commission)	£15,850.16	(+7.3%)	-£55.98
Potential profits	£1,610.91		+£94.24
Dividends	£262.15		+£0
Profit from sales	£2,349.86		+£0
Average monthly cash profit	£272.09		-£7.48
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	22.1%

Quite a contrast between this account and the other, with an overall loss for the week despite potential profits rising by £94. This was mainly down to drops in RED:RedT, ALM:Allied Minds and OPTI:Optibiotix. Nothing much else happened, so the usual £7 drop in average monthly profit, which will continue until I get a dividend.

The gap has declined by such a tiny amount, it looks more like parallel lines. Hopefully things will go better next week.

The trading account looks like this after 7 weeks

			Weekly Change
Portfolio cost	£499.95		+£0
Cash	£0.05		+£0
Portfolio sell value (bid price - commission)	£444.67	(-11.1%)	+£40.29
Potential profits	£0		+£0
Dividends	£0		+£0
Profit from sales	£0		+£0
Average monthly cash profit	£0		+£0
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	0%

We're traveling in the right direction, just very slowly.

Just look at that curve heading relentlessly for the red line. Will it ever cross?

So overall a pretty good week, and although sad to say adieu to EMH:European Metals, I'm mightily relieved to have plugged the holiday money gap, although I should really have sold something else as well, so will have to put up with my current account slipping into the red just before payday for a month or two.

I'm really hoping we get news on the KIBO:Kibo Mining free share issue next week, as I want to know when I'm free to sell my share account holding so I can bed it into my ISA. This one's getting too exciting to be reducing my holding, even after qualifying for the free shares.