Week 71 Review

At last a half decent week. It seems like a long time since I've been able to say that.

There were some bad performers though, the worst of which was ARL:Atlantis Resources which dropped 19% and is now making a 28% loss. In just a week this has plummeted, which is a surprise as news was looking good and turbines are being deployed. It appears grant money is drying up, so this share really needs to start making revenue or it could decline further.

PAF:Pan African Resources has now gone from big profit to loss, dropping 15% this week. There is a massive dividend coming in a few weeks though - I'm tempted to top up while they're cheap, but too late for any new shares to qualify for the dividend this year.

IQE:IQE continues to perform really well, with another 10% rise this week. BLUR:Blur Group are double digit risers yet again, up 13% which means they are only down by 45% overall - still a way to go before breaking even.

TLOU:Tlou Energy recovered from a few bad weeks with a 15% rise, and at last WRL:Wentworth Resources is turning around, with a 15% rise. Still a way to go, but there's a possibility their customers may actually be paying for their gas now.

Share of the week is another energy company, IOG:Independent Oil & Gas. They are still reeling from the poor sample analysis results from the Skipper oil field, but good news on their gas reserves has seen a turnaround this week, with a 28% rise taking them back into profit.

Here's the performance of the ISA and share accounts

			Weekly Change
Portfolio cost	£41,739.40		+£0
Portfolio sell value (bid price - commission)	£36,487.53	(-12.6%)	+£736.94
Potential profits	£2,088.67		+£595.33
Yr 2 Dividends	£211.79		+£0
Yr 2 Profit from sales	£2,742.86		+£0
Yr 2 Average monthly cash profit	£670.45		-£37.24
Yr 2 Avg annual % of current portfolio cost	19.3%
Total Dividends	£879.72		+£0
Total Profit from sales	£6,583.12		+£0
Average monthly cash profit	£450.88		-£6.44
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	13.0%

Nice to claw back £736, most of which is increasing profits thanks to the big risers mentioned above, and a smaller rise in AMYT:Amryt Pharma which is worth lots. Nothing happening on the dividend or sales front.

That's more like it - but I need to sustain that sort of recovery for quite a while to plug the gap.

Thw SIPP looks like this after week 55.

			Weekly Change
Portfolio cost	£15,716.08		+£0
Portfolio sell value (bid price - commission)	£17,624.09	(+12.1%)	-£166.27
Potential profits	£2,597.91		-£43.52
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	£213.17		-£3.95
(Sold stocks profit + Dividends - Fees / Months)
Avg annual % of current portfolio cost	16.3%

Interesting that the SIPP normally goes up while the other accounts go down. Looks like the reverse is also true. The drop was mainly down to ARL:Atlantis Resources, and CWR:Ceres Power has also continued its recent decline. No sales or dividends here either.

I have transferred some dividends from my share account to my SIPP so there's enough cash available for the RED:RedT Energy open offer, which I've applied for at 8p. It's only for 923 shares, but I can't resist a bargain. I don't think there's any chance the share price will drop down below that, as there's too much interest in this share even after the recent placing. The current offer price is 8.75p. Getting my open offer entitlement in the ISA could be more complicated, as I've topped it up to the max already and there are no dividends due. It means I'd have to sell something, but not sure it's worth it for £65 worth of shares.

A slightly worrying change in direction of the green line. Hope that doesn't continue.

Here's the dreaded trading account after week 21

			Weekly Change
Portfolio cost	£499.95		+£0
Cash	£0.05		+£0
Portfolio sell value (bid price - commission)	£377.52	(-24.5%)	-£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%

It gets worse! I'm tempted to just give up, but that would be admitting defeat - I'm just putting the project on hold a little...

The decline in precious metals prices is hitting both my gold mines and SLP:Sylvania Platinum. Still no prospect of getting rid of these without a loss.

One more week before Christmas, so hoping for some good news and a Santa rally, which never materialised last year. It would be nice to go into the year with the overall paper deficit just a bit more healthy, as currently it's worse than it was this time last year.