Week 59 Review

The week started off amazingly, with the combined portfolios going into the black for the first time ever, and on Tuesday things were looking brilliant, with a £1,300 buffer of blackness and the share/ISA accounts being within £280 of profit without the help of the SIPP.

It wasn't to last, with the big gains wiped out on Wednesday, Thursday and Friday. The combined accounts stayed in the black, but by just £272, a loss of over £1,000 in three days.

There was only one double digit loser, but that was the one I'd just invested loads of money in, and it ended the week lower than the price I paid for the new shares.KIBO:Kibo Mining dropped 10% and is barely keeping hold of the Star Share accolade, with CWR:Ceres Power breathing down it's neck but taking a 5% hit this week and TLOU:Tlou Energy within a few pounds of taking over.

Speaking of TLOU:Tlou Energy, that was the first double-digit riser this week. It climbed 10% but it would have been much more if not for people profit taking at the end of the week and driving it back down.

RED:RedT Energy climbed 11% and I'm glad I doubled my holding just before this. I'm very excited about their prospects at the moment.

Share of the Week was not surprisingly my only remaining gold mine, with the Fed's decision to leave interest rates unchanged and good results helping PAF:Pan African Resources climb 24%. Roll on the big dividend which arrives nicely just before Christmas.

Here's the share and ISA accounts' performance

			Weekly Change
Portfolio cost	£41,206.60		+£0
Portfolio sell value (bid price - commission)	£39,839.92	(-3.3%)	+£229.21
Potential profits	£4,007.45		+£233.67
Yr 2 Dividends	£105.48		+£0
Yr 2 Profit from sales	£2,303.91		+£0
Yr 2 Average monthly cash profit	£1,489.21		-£248.20
Yr 2 Avg annual % of current portfolio cost	43.4%
Total Dividends	£773.41		+£0
Total Profit from sales	£6,144.17		+£0
Average monthly cash profit	£503.36		-£8.68
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	14.7%

The week ended up a few hundred quid, but still sulking about the £1,000 that got away. The Year 2 projected average monthly profit is still a long way from being sensible, but is dropping a hefty chunk each week. The overall performance is dangerously close to dropping below £500 a month. I'm not sure I should let that happen! I just need a 3.3% rise next week and we'll be in the black on this one.

 I think those trend lines are at least parallel if not converging. Will they cross next week?

The SIPP looks like this after week 43.

			Weekly Change
Portfolio cost	£14,932.06		+£0
Portfolio sell value (bid price - commission)	£16,626.49	(+11.3%)	+£172.28
Potential profits	£2,316.86		+£279.89
Dividends	£290.79		+£28.64
Profit from sales	£2,349.86		+£0
Average monthly cash profit	£262.32		-£3.29
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	21.1%

Similar story to the other accounts, with a small rise in both sell value and potential profits. The drop in both OPTI:Optibiotix and ALM:Allied Minds means the losses deepened by about £100 to offset some of the rise in potential profits.

A dividend of £28.64 appeared from LGEN:Legal & General, which was nice. This is added to the £40 from the tax man to give me a lump sum that's way too small to do anything with. I'll just keep it as cash to pay the monthly charges.


Once more the gap widens in a way that's very pleasing to the eye.

Here's the dreaded trading account after week 9

			Weekly Change
Portfolio cost	£499.95		+£0
Cash	£0.05		+£0
Portfolio sell value (bid price - commission)	£444.67	(-11.1%)	+£0
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%

Good grief how impossibly tedious!



Pleh! Rubbish!

What will next week bring?

Exciting times for ARL:Atlantis Resources, with the first tidal turbine all ready to take to sea.
https://twitter.com/atlantisresplc

KIBO:Kibo Mining have announced a reverse takeover of OPRA:Opera Investments in order to create the new company Katoro Gold Mining. Although there's been no announcement of how many shares will be distributed to Kibo shareholders, there appear to be around 1 for every 6 Kibo shares. That would be worth £600 based on 6p a share, so I'd be very happy with that. No doubt the price would plummet to begin with, as the mine is 18 months from production.

So the combined portfolios are just about in the black. Will they stay there next week? Will the ISA/Share accounts get into the black without the help of the SIPP? Will SLP:Sylvania Platinum ever increase enough for me to play with my trading account? All will be revealed...