Week 63 Review and New SIPP Share

This week was dominated by Vanadium - in fact Vanadium redox flow batteries. I've been following RED:RedT Energy very closely as their batteries could be a global game changer for making renewable energy work, and they are making me £920 potential profit so far. They are not alone in supplying these batteries, but they are ahead of the competition, have units in place, and a manufacturing deal with a major global producer. As if to confirm my excitement about their prospects, the share price reached a record high this week and increased 26%, making it my only double-digit riser and Share of the Week.

When I ended up with dividends and tax rebates in my SIPP, I topped them up to £500 from my current account and put my regular monthly saving on hold this month to prevent overspend. I needed to decide what to do with them, and I'd been looking into the supply of Vanadium that will be required if these types of batteries do take off. That's when I found BMN:Bushveld Minerals. They are establishing themselves as Vanadium specialist producers, have been buying assets and are planning to manufacture the Vanadium electrolyte used in redox flow batteries. I figured if this technology takes off, Bushveld will be in prime position to take advantage of it.

So my decision - do I invest the £500 in my SIPP on more RedT which is already 3.7% of my portfolio and at what could be a high spike in price, or do I get Bushveld which is near the bottom of a long term decline, but which has climbed about 15% over the last few days. I decided to go with Bushveld, so purchased 28,534 shares at 1.73p costing £502.59. An hour after I bought the shares, Bushveld issued an RNS announcing a placing, causing an instant drop in share price of 11%. With spread and commission, that means within an hour of my purchase, the share was down by 23% and is my worst performing share of the week. RNS nearly always come out at 7am, but this was at 12:30pm - it's so frustrating that if I'd waited just an hour I would have been able to buy an extra 4,000 shares for the same money. Never mind, I'm in it for the long term so if I'm right about Vanadium I should stand to make a decent profit from the 28,534 shares I did purchase.

Here's the ISA and share portfolios after week 63

			Weekly Change
Portfolio cost	£41,381.03		+£0
Portfolio sell value (bid price - commission)	£37,821.86	(-8.6%)	+£304.70
Potential profits	£2,730.61		+£208.03
Yr 2 Dividends	£132.36		+£0
Yr 2 Profit from sales	£2,396.28		+£0
Yr 2 Average monthly cash profit	£993.18		-£99.32
Yr 2 Avg annual % of current portfolio cost	28.8%
Total Dividends	£800.29		+£0
Total Profit from sales	£6,236.54		+£0
Average monthly cash profit	£479.35		-£7.73
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	13.9%

Nice to see the recent declines reverse, albeit just a little. Increased profits made up 2/3 of the increase so a few losses improved. No dividends or sales so the average monthly performance drops the usual small anount. Not too long before year 2 average drops down to overall average. It wouldn't surprise me if it drops below, as my priority is trying to get the paper performance in the black, which selling in-profit shares isn't going to help. I may re-think that approach if the average return rate starts dropping towards 10%.

At last, the green line takes a turn back upwards. Quite a bit of catching up to do though.

The SIPP looks like this after week 47

			Weekly Change
Portfolio cost	£15,593.67		+£502.59
Portfolio sell value (bid price - commission)	£17,450.50	(+11.9%)	+£123.86
Potential profits	£2,495.49		+£133.27
Dividends	£290.79		+£0
Profit from sales	£2,349.86		+£0
Average monthly cash profit	£239.42		-£5.21
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	18.4%

The extra cost was all from BMN:Bushveld Minerals, and given that made an instant £100 loss, the £123 increase in value is heartening and potential profits up by £133. No sales or dividends so the usual drop in monthly performance. We're only 5 weeks from the end of year 1, at which point the monthly performance will become real rather than projected.

I love this graph so much. Here's hoping it continues just like this.

Now then - the dreaded trading account after week 13

			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%

At least SLP:Sylvania Platinum has started going back up again. You get the distinct impression the marjet makers are dicking about with this share. It's been bouncing between 7p and 8.5p for months. Almost taunting me that I bought it at 9.14p thinking it was about to take off towards 15p, at which point I was going to sell and go in search of something else to play with for a few weeks. Oh no, here it sits, resolutely determined to spoil my fun!

Even the graph is just taunting me

Not sure what to expect next week. The ideal scenario would be OPTI:Optibiotix finally snapping out of it's stalemate at around 70p so I can shake off the £1,200 loss, for KIBO:Kibo Mining so reveal what's going on with the gold mine share issue so the price can get back to the 9p mark, for TLOU:Tlou Energy to recover from the inexplicable decline that's set in and halved the profits, for SLP:Sylvania Platinum to give some good results that allow me to ditch the shares in the trading account, and for IOG:Independent Oil & Gas to say "Oops - that sample wasn't tar after all" so I can salvage something from that disaster...