Week 60 Review - A Crappy Week

All the optimism, all the excitement that the share and ISA accounts might go into the black after the total combined portfolios made it into the black. Not only was that excitement dashed this week, but the combined portfolios have sunk into a deep black hole of misery as bad news after bad news came through relentlessly.

Biggest catastrophe of the whole week occurred today, when results from the Skipper oil sampling showed that rather than the expected free-flowing oil, the well is in fact full of tar. The share price had already dropped off on lack of news, but after a massive drop today, IOG:Independent Oil & Gas has fallen 76% this week, and my nearly 100% profits have been completely wiped out. I really thought this was a sound long term holding rather than a sell-quick share. I still believe it's good for the long term, but my confidence has taken a nasty hit. Fortunately this company isn't dependent on only this well, but I doubt the price will ever rocket again, as the board have seriously lost the trust of investors.

Next biggest disaster was AFG:Aquatic Food which dropped 14% over the week following lukewarm results, and with bulletin board posters and tabloid website posters declaring the whole company is a fraud. I don't believe it is, but my confidence has been rocked yet again. This share promptly fell into Nemesis Share territory, but is saved today as OPTI:Optibiotix drops yet again and regains the title.

The other double-digit loser this week was RED:RedT Energy. I suspect it's profit taking after last week's rises, as things are just getting interesting for this share.

Only one double-digit riser all week, so no competition for Share of the Week, with CRL:Creightons climbing 15% and taking to overall potential profit of 49%.

Here's a sad summary of the share and ISA portfolios

			Weekly Change
Portfolio cost	£41,381.03		+£174.43
Portfolio sell value (bid price - commission)	£38,756.68	(-6.3%)	-£1,257.67
Potential profits	£3,436.89		-£570.56
Yr 2 Dividends	£117.18		+£11.70
Yr 2 Profit from sales	£2,396.54		+£92.37
Yr 2 Average monthly cash profit	£1,359.43		-£129.78
Yr 2 Avg annual % of current portfolio cost	39.4%
Total Dividends	£785.11		+£11.70
Total Profit from sales	£6,236.54		+£92.37
Average monthly cash profit	£502.49		-£0.87
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	14.6%

Portfolio cost rose a little when I re-invested my SLP:Sylvania Platinum profit and some dividends to buy more IQE:IQE, but the profit was only £92 as there was a small loss selling SGRO:Segro to buy CMCL:Caledonia Mining. The dividend was from Segro, so the combined dividends from that company took the overall performance from Segro to a tiny profit. Loss of potential profits was £570 so the other £700 deficit this month was deepening losses. The sale means average monthly profits just stay over £500, but that won't survive next week.

Ouch! So near to crossing the red line but then clobbered in one of the worst weeks since Brexit.

The SIPP looks like this after week 44

			Weekly Change
Portfolio cost	£14,932.06		+£0
Portfolio sell value (bid price - commission)	£16,444.84	(+10.1%)	-£181.65
Potential profits	£2,163.97		-£152.89
Dividends	£290.79		+£0
Profit from sales	£2,349.86		+£0
Average monthly cash profit	£256.36		-£5.96
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	20.6%

No additions, sales or dividends, just a bit of a drop mostly from reduced profits rather than deepening loss.

The gap narrowed slightly, but it's still a comfortable gap.

The trading account looks like this after 10 weeks

			Weekly Change
Portfolio cost	£499.95		+£0
Cash	£0.05		+£0
Portfolio sell value (bid price - commission)	£458.10	(-8.4%)	+£13.43
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%

I guess I can't complain. This was the only account to go up this week, but 10 weeks is no fun!

Go green line go!

So ends a truly rubbish week. Biggest disappointment was IOG:Independent Oil & Gas analysis results, as these had been bigged up scandalously. AFG:Aquatic Food have gone back to being a basket case with accusations of fraud, but I'm staying loyal as I don't think the new Finance Director would have gone there if they were dodgy. AMYT:Amryt Pharma have gone back into loss after trickling downwards all week. OPTI:Optibiotix are dropping relentlessly and there's no sign of news to reverse it. JLP:Jubilee Platinum have drifted back downwards after a breakout looked inevitable and RED:RedT Energy have dropped practically back to break-even despite lots of exciting news.

So what is there to be positive about? I'm back invested in CMCL:Caledonia Mining which along with PAF:Pan African Resources gives me a couple of quality dividend paying gold mines again. CRL:Creightons had a great week as the only double digit riser. TLOU:Tlou Energy is still at over 100% profit and KIBO:Kibo Mining seems to have consolidated in the 8p range rather than the 5p range, and has moved back past Tlou to 2nd in the Star Share competition. It's still behind CWR:Ceres Power, which held onto it's share price despite announcing a massive placing. PUR:Pure Wafer have returned another 4p a share to investors as part of their liquidation, which is another £12 with more to come - assuming Brewin Dolphin let me know, as the shares are in a mystery holding account. Last but not least, I doubled my holding in IQE:IQE which I really, really wanted to do.

Let's see what happens next week...