CMCL:Caledonia Mining recovered from last week's drops to go just into profit by climbing 11%, but Share of the Week was WRES:W Resources which climbed 17% and the SIPP holding is now in profit.
Here's the effect on the main portfolios
| Weekly Change | |||
| Portfolio cost | £41,381.03 | +£0 | |
| Portfolio sell value (bid price - commission) | £37,517.16 | (-9.3%) | -£929.74 |
| Potential profits | £2,522.58 | -£973.12 | |
| Yr 2 Dividends | £132.36 | +£12.00 | |
| Yr 2 Profit from sales | £2,396.28 | +£0 | |
| Yr 2 Average monthly cash profit | £1,092.50 | -£121.38 | |
| Yr 2 Avg annual % of current portfolio cost | 31.7% | ||
| Total Dividends | £800.29 | +£12.00 | |
| Total Profit from sales | £6,236.54 | +£0 | |
| Average monthly cash profit | £487.08 | -£7.99 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 14.1% |
Amazingly the drop in profits accounted for more than the overall drop in value. This was nearly all down to KIBO:Kibo Mining plummeting in value when I'm so heavily invested and was making such great profits.TLOU:Tlou Energy was down 9% which was also costly.
The £12.00 dividend was actually part of the liquidation sale of PUR:Pure Wafer, which appeared by magic in my account after being transferred from my Brewin Dolphin holding account, as they were unable to transfer these share to Hargreaves Lansdown when the rest of my portfolio transferred. There should be another £33 to come from these before the final liquidation.
I could do with selling something in order to get average monthly profit back over £500, but my new philosophy is to hold forever, unless there's something wrong with the company.
The SIPP looks like this after week 46
| Weekly Change | |||
| Portfolio cost | £15,091.08 | +£159.02 | |
| Portfolio sell value (bid price - commission) | £16,824.05 | (+11.5%) | +£162.93 |
| Potential profits | £2,362.22 | +£177.72 | |
| Dividends | £290.79 | +£0 | |
| Profit from sales | £2,349.86 | +£0 | |
| Average monthly cash profit | £244.63 | -£5.44 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 19.5% |
So much better than the share and ISA portfolios, but then the risk profile is a lot safer in this account. The monthly savings went through, adding £159.02 worth of LGEN:Legal & General. I've temporarily cancelled the monthly savings next month, as I have £160 from dividends and tax returns to spend. The only way to get rid of it is to top up to £500 instead of doing my monthly saving. Hopefully I'll make the purchase tomorrow - and it will be a surprise share!
I suppose I need to go through the trauna of showing the trading account performance after week 12
| Weekly Change | |||
| Portfolio cost | £499.95 | +£0 | |
| Cash | £0.05 | +£0 | |
| Portfolio sell value (bid price - commission) | £404.38 | (-19.1%) | -£53.72 |
| 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% |
Will I ever sell this tedious share?! This account was meant to be fun.
So a week of contrasts. Good for SIPP, bad for others. If KIBO:Kibo Mining can turn back to the 9p region then most of the losses will be reversed. OPTI:Optibiotix still frustrates as Nemesis Share with a £1,200 loss that could be reversed with a small swing upwards. AMYT:Amryt Pharma keeps dropping and the hefty gains are now back as hefty losses, and after a brief rally AFG:Aquatic Food is back in the doldrums and only £100 off Nemesis Share. LOOK:Lookers has collapsed again and is now at £900 loss.
Looking forward to buying a brand new share in my SIPP next week. It's a long shot but could be very interesting.
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