It wasn't all good news. The worst performer of the week was KIBO:Kibo Mining, dropping a massive 19% back down to their 5p range. This is very disappointing and surprising, as things are progressing to plan. The drop seems to be linked to issues with TANESCO who tried to raise tariffs but were blocked by the Tanzanian government. I probably ought to buy some more while they are so low, as I'm sure they will return to the 7p level soon, and there are those free gold mine shares coming...
The other double-digit loser was BLUR:Blur Group, which dropped 10% and is rapidly returning to normal after a brief flurry.
First double-digit riser is IQE:IQE which climbed 11% and is now 36% up. There was no particular news, but sentiment seems to be in favour of this share at the moment.
SLP:Sylvania Platinum finally started moving, and went up 12% on the back of the platinum price rises. They are also due to issue results fairly soon, and often climb just before as people are expecting a dividend is a possibility.
WRL:Wentworth Resources has been dreadful for a year, but it's up another 14% this week and is dangerously close to breaking into profit. There must be revenue coming in strongly for this sort of rise, so hopefully news of that soon.
JLP:Jubilee Platinum has finally broken out, with a 16% climb this week being worth lots. The new processing plant at Hernic is due to come on-line imminently, so platinum production and profits should materialise along with a massive share price boost.
The next double-digit riser has been one of my worst performing shares. CMCL:Caledonia Mining has crashed since I bought back in, but this week they gained 19% after announcement of their quarterly dividend, and are staging a recovery.
Share of the Week goes to RED:RedT Energy which wins by a mile. The 40% drop a few weeks back on the announcement of an 8p placing was deeply upsetting, but this week they climbed 26% and are back in profit. Even better than that, I received my allocation from the open offer in my SIPP just before the rise, so that holding showed a gain of 33% this week. Now fully funded and with a lot of interest, this could really motor.
Here's the performance of the combined ISA and share accounts
| Weekly Change | |||
| Portfolio cost | £41,931.83 | +£0 | |
| Portfolio sell value (bid price - commission) | £36,885.23 | (-12%) | +£695.76 |
| Potential profits | £1,934.52 | +£141.36 | |
| Yr 2 Dividends | £264.04 | +£0 | |
| Yr 2 Profit from sales | £2,845.33 | +£0 | |
| Yr 2 Average monthly cash profit | £609.50 | -£29.02 | |
| Yr 2 Avg annual % of current portfolio cost | 17.4% | ||
| Total Dividends | £931.97 | +£0 | |
| Total Profit from sales | £6,685.59 | +£0 | |
| Average monthly cash profit | £441.66 | -£6.05 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 12.6% |
Big boost to the sell value, mostly made up from decreasing losses. The profits didn't climb much because KIBO:Kibo Mining got so badly hammered it wiped out a lot of potential profit.
The SIPP looks like this after week 58
| Weekly Change | |||
| Portfolio cost | £15,919.91 | +£73.84 | |
| Portfolio sell value (bid price - commission) | £18,779.77 | (+18%) | +£770.88 |
| Potential profits | £3,405.40 | +£710.79 | |
| 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 | £202.14 | -£3.55 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 15.2% |
A slight rise in portfolio cost due to taking up the open offer from RED:RedT Energy. It was only 923 shares, but I didn't have to pay commission and they immediately shot up by 33%. A huge £770 gain as nearly everything went up, and most of that in extra profits. Only a few SIPP shares are making a loss, so most of the increases are of potential profits. Overall performance still over 15% so excellent with the portfolio paper value 18% up.
The trading account looks like this after week 24
| Weekly Change | |||
| Portfolio cost | £499.95 | +£0 | |
| Cash | £0.05 | +£0 | |
| Portfolio sell value (bid price - commission) | £471.53 | (-5.7%) | +£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% |
At last SLP:Sylvania Platinum is moving upwards. I might finally be able to flog them and have some fun with this account.
That's it for the first week of 2017, and what an amazing week it was. Here's hoping for a few more just a little bit like this one...
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