Distinctly lacking in Christmas cheer this week. No double digit risers at all and lots of fallers. Worst performer was
BLUR:Blur Group, dropping 14% after a recent run of gains. Another double digit faller was
KIBO:Kibo Mining, dropping 10% following announcement of a new financing deal which will dilute the shares some more.
Here's the miserable ISA and share accounts performance
|
|
| Weekly Change |
Portfolio cost | £41,931.83 |
| +£192.43 |
Portfolio sell value (bid price - commission) | £35,643.82 | (-15%) | -£1,036.14 |
Potential profits | £1,550.79 |
| -£537.88 |
Yr 2 Dividends | £264.04 |
| +£52.25 |
Yr 2 Profit from sales | £2,845.33 |
| +£102.47 |
Yr 2 Average monthly cash profit | £670.45 |
| +£0 |
Yr 2 Avg annual % of current portfolio cost | 19.2% |
Total Dividends | £931.97 |
| +£52.25 |
Total Profit from sales | £6,685.59 |
| +£102.47 |
Average monthly cash profit | £453.93 |
| +£3.05 |
(Sold stocks profit + Dividends - Fees / Months) |
Avg annual % of current portfolio cost | 13.0% |
|
There was a bit of activity yesterday morning, when I sold my holding in
IOG:Independent Oil & Gas. I never really forgave them after the misleading comments on the oil samples from Skipper, so have been waiting for the share price to return a reasonable profit before getting rid. I sold them for a £102 (18.3%) profit and re-invested in
CWR:Ceres Power, buying another 9,550 shares at 7.6p costing £737.75. That takes my ISA holding to 21,099 and my SIPP holding is 24,927 so thsi now makes up 5.5% of my portfolio. I have high hopes that this one will blossom in 2017.
Disasterous drop of £1,036 in just four days trading. Very frustrating after last week when things were looking up. Potential profits would have dropped by £102 after the sale of
IOG:Independent Oil & Gas, but the drop of £537 accounts for half the week's losses.
A nice £52 dividend gave some Christmas cheer from
PAF:Pan African Resources, making up a little bit for the drop into loss recently.
The sale means average monthly profit sneaked up a little this week, and ensures the 10% target stays safe for a few more months.
The brief spell of optimism last week is battered as the gap gets even wider!
The SIPP looks like this after week 56
|
|
| Weekly Change |
Portfolio cost | £15,846.07 |
| +£129.99 |
Portfolio sell value (bid price - commission) | £17,881.40 | (+12.8%) | +£127.32 |
Potential profits | £2,757.92 |
| +£160.01 |
Yr 2 Dividends | £0 |
| +£0 |
Yr 2 Profit from sales | £0 |
| +£0 |
Yr 2 Average monthly cash profit | £0 |
| +£0 |
Yr 2 Avg annual % of current portfolio cost | 0% |
Total Dividends | £413.19 |
| +£0 |
Total Profit from sales | £2,349.86 |
| +£0 |
Average monthly cash profit | £209.36 |
| -£3.81 |
(Sold stocks profit + Dividends - Fees / Months) |
Avg annual % of current portfolio cost | 15.9% |
|
A sneaky increase in cost this week courtesy of £130 from the tax man. Despite the high commission cost, I bought another 7,047 shares in
BMN:Bushveld Minerals for 1.675p a share taking my total holding to 43,415 shares at an average of 1.66p costing £754.98. I think these show great promise if the vanadium redox flow batteries take off, which I firmly believe they will.
As usual, when the main portfolio goes down, the SIPP goes up. A modest £127 but better than nothing. Most of it is thanks to
ALM:Allied Minds which rose nicely this week and is now at potential profit of £254.
A relief to se the recent down trend reversed.
The trading account looks like this after week 22.
|
|
| Weekly Change |
Portfolio cost | £499.95 |
| +£0 |
Cash | £0.05 |
| +£0 |
Portfolio sell value (bid price - commission) | £404.38 | (-19.1%) | +£26.86 |
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% |
A slight tick up - but will it ever get into profit?
Bah humbug!
So, we end the year in a bit of a sorry state as far as paper profits are concerned. I'm still optimistic though. Several of my key shares have raised finance in December causing a hefty decline in share price, but these were all positive moves for the future. My worst performing share
OPTI:Optibiotix still holds the greatest promise, particularly when bits of the company are spun off into new companies.
JLP:Jubilee Platinum are on the cusp of starting production at their huge Hernic site, and surely the mining licence for Tjate has got to come at some point.
KIBO:Kibo Mining are on the verge of further progress, as well as preparing to give shareholders free shares in Katoro Mining.
RED:RedT Energy are funded for many years and about to start selling their batteries,
CWR:Ceres Power are about to start selling their power cells and have multiple partnerships about to bear fruit.
GVC:GVC Holdings are being hammered by the shorters, but will start paying handsome dividends from February.
ARL:Atlantis Resources have plummeted since installing their first turbines, but surely as revenue is generated around the world, these will recover. Both gold mines have taken a hit recently, with
CMCL:Caledonia Mining dropping 42% and
PAF:Pan African Resources going to loss and down 7%. Both pay good dividends and both will recover when the price of gold heads up again.
There are some serial under performers that I can't get rid of and show no sign of recovery.
LOOK:Lookers are worst. They make up 3.5% of my portfolio and are down 37% losing £758, and yet are performing really well as a business.
MSLH:Marshalls are still down 24%,
BDEV:Barratt Development are down 32%,
TW.:Taylor Wimpy are down 25%,
VEC:Vectura are down 18%,
TND:Tandem Group are down 53%,
AFG:Aquatic Food are down 42% and worst of all
AFPO:African Potash are down 100% and have suspended trading on AIM, probably losing me £700 when they de-list.
All the above are contributing to the current paper loss, but there are some stellar performers that are in profit and going strong.
CAML:Central Asia Metals is by far my best share and best company. Up by 41% these are making paper profit of £1,390 and they make up 6% of my holding.
LGEN:Legal & General are up by 23% and making potential profit of £355, with the prospect of big dividends to come.
TRX:Tissue Regenix are making good progress selling their pproducts and are up in both my ISA and SIPP, and
TLOU:Tlou Energy are making good profit despite recent declines.
IQE:IQE are possibly the most exciting recent purchase. Up by 24% (£471) and they have only just started generating decent revenue.
NANO:Nanoco are potentially on the cusp of having their quantum dot technology as the standard for modern televisions and monitors. If this happens then there is no limit for where this could go, and with
LGEN:Legal & General buying 3% of the shares, there is strong institutional support, we just need to wait for the shorters to be driven out.
AMYT:Amryt Pharma have been languishing since I got them, but recent good news has seen them go into profit. Every 1p rise is worth £272 and these could easily go up 80p over the next few years unless bought out.
ALM:Allied Minds have been one of my most volatile shares, but at last have rallied and are up 15% making £254 paper profit.
So there is room for optimism for most of the shares, and with the profits from sales and dividends averaging £662 a month across the portfolios, things are so much better than the £25-50 a month I was making before this venture started. I look forward to 2017 with excitement and anticipation.